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I wanted to follow up and say: a) you can buy part of a coin, it scales to 8 decimal places! You don't need to buy a whole coin. b) it is money already, there i
by rfd4sgmk8u 6y ago
I wanted to follow up and say:
a) you can buy part of a coin, it scales to 8 decimal places! You don't need to buy a whole coin.
b) it is money already, there is no need to 'sell'
c) profit and and loss by definition gets a little weird with currencies. Purchasing parity power comes into play. When trading shells for widgets, you might end up with more or less widgets, but they can be more or less valuable per unit. If you are still thinking folks are playing the "buying btc with usd to sell for more usd later" you haven't quite grasped what is actually going on. :-)
- kamaal 6y ago>>If you are still thinking folks are playing the "buying btc with usd to sell for more usd later" you haven't quite grasped what is actually going on. :-) Then please explain us in clear words what is going on.
- ChainOfFools 6y agoThey think BTC will replace fiat altogether such that anyone left holding dollars/"shitcoins" will be royally f-ed, and have to beg the coiner fiefs for the chance to rent a humble plot on their lands in perpetuity. /s, but not nearly as much as it ought to be.