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Bitcoin

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  • thegentleway
    thegentleway Posts: 1,093 Forumite
    Tenth Anniversary 500 Posts Photogenic Name Dropper
    edited 23 September 2024 at 2:51PM
    As Bitcoin is at all time high ever, no one who invested in the past are at loss. No one. Except for those who speculated and sold at cheaper price, of course.
    Not quite, you only make a loss (or gain) when you sell...
    No one has ever become poor by giving
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Fifth Anniversary 100 Posts Photogenic Name Dropper
    edited 23 September 2024 at 2:51PM
    As Bitcoin is at all time high ever, no one who invested in the past are at loss. No one. Except for those who speculated and sold at cheaper price, of course.
    Not quite, you only make a loss (or gain) when you sell...
    Of course, those who didn't wait crystallized a loss. Those who did, with Bitcoin at all time high now, can close their position at a profit - everyone who ever invested.
  • Another_Saver
    Another_Saver Posts: 530 Forumite
    500 Posts Name Dropper
    edited 23 September 2024 at 2:51PM
    (...) Bitcoin are examples of things that investment trusts own that do not have positive expectations of return.
    Why would investment trust put money into something that have no positive expectations of return? Think again. Bitcoin is at all time high again and it made +188% YTD, +200% in one year, meanwhile on bigger scale:

    You are saying this "un-investable" asset have no positive expectations of return? Tell that to all those who didn't listened to naysayers and actually invested and are in profit. :D As Bitcoin is at all time high ever, no one who invested in the past are at loss. No one (except for those who speculated and sold at cheaper price, of course). Can you say that about "milk investment" you mentioned? Besides, I don't see investment managers scrambling into milk investment, but into Bitcoin - I do.
    Scrambled investment manager sounds like a great breakfast, but I'm doing Veganuary 🤷‍♂️
  • Another_Saver
    Another_Saver Posts: 530 Forumite
    500 Posts Name Dropper
    edited 23 September 2024 at 2:51PM
    As Bitcoin is at all time high ever, no one who invested in the past are at loss. No one. Except for those who speculated and sold at cheaper price, of course.
    Not quite, you only make a loss (or gain) when you sell...
    Of course, those who didn't wait crystallized a loss. Those who did, with Bitcoin at all time high now, can close their position at a profit - everyone who ever invested.
    Free-unlimited-profit-for-everyone machine go brrr
  • RichTips
    RichTips Posts: 96 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    edited 23 September 2024 at 2:51PM
    As Bitcoin is at all time high ever, no one who invested in the past are at loss. No one. Except for those who speculated and sold at cheaper price, of course.
    Not quite, you only make a loss (or gain) when you sell...
    Of course, those who didn't wait crystallized a loss. Those who did, with Bitcoin at all time high now, can close their position at a profit - everyone who ever invested.
    Free-unlimited-profit-for-everyone machine go brrr
    UK money supply up over 12% this year. Free-unlimited-devaluation-for-everyone.
  • Another_Saver
    Another_Saver Posts: 530 Forumite
    500 Posts Name Dropper
    edited 23 September 2024 at 2:51PM
    RichTips said:
    As Bitcoin is at all time high ever, no one who invested in the past are at loss. No one. Except for those who speculated and sold at cheaper price, of course.
    Not quite, you only make a loss (or gain) when you sell...
    Of course, those who didn't wait crystallized a loss. Those who did, with Bitcoin at all time high now, can close their position at a profit - everyone who ever invested.
    Free-unlimited-profit-for-everyone machine go brrr
    UK money supply up over 12% this year. Free-unlimited-devaluation-for-everyone.
    If we didn't have inflation we'd have deflation  ;)
  • I vote this thread the most pointless boring thread on MSE.
    One person caring about another represents life's greatest value.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Fifth Anniversary 100 Posts Photogenic Name Dropper
    edited 23 September 2024 at 2:51PM
    RichTips said:
    As Bitcoin is at all time high ever, no one who invested in the past are at loss. No one. Except for those who speculated and sold at cheaper price, of course.
    Not quite, you only make a loss (or gain) when you sell...
    Of course, those who didn't wait crystallized a loss. Those who did, with Bitcoin at all time high now, can close their position at a profit - everyone who ever invested.
    Free-unlimited-profit-for-everyone machine go brrr
    UK money supply up over 12% this year. Free-unlimited-devaluation-for-everyone.

    It gets even worse:
    The United States M1 money supply have risen by 55%% since February this year. In other words, 35% of all the circulating US dollar bills have been released into the economy in just ten months.
  • planteria
    planteria Posts: 5,322 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 16 December 2020 at 11:37PM
    So is your understanding of bitcoin better than previous investor's understanding of tulip bulbs and South-Sea assets?
    possibly better than some of theirs'. new ath tonight. i'll be surprised if we don't have more during the next 12m. 
  • planteria
    planteria Posts: 5,322 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The United States M1 money supply have risen by 55%% since February this year. In other words, 35% of all the circulating US dollar bills have been released into the economy in just ten months.
    an extraordinary stat, and that is the real brrrrrr that Another Saver ought to refer to.
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