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It’s a dumb methodology; I’ll give you an example, I bought at BTC $36k last month and just withdrew it from exchange after all the fiat cleared in from the le
by randomhodler84 5y ago
It’s a dumb methodology;
I’ll give you an example, I bought at BTC $36k last month and just withdrew it from exchange after all the fiat cleared in from the legacy banking channel today. It hit the chain when BTC was $42k, so these jokers would think the cost was 42. You can’t get an accurate picture from on chain data alone.
- listenallyall 5y agoYou can withdraw bitcoins from the blockchain? That would be fascinating new feature if it existed. /s
- randomhodler84 5y agoI added “from exchange” for clarity. I would have thought the ref to legacy banking channel would be enough reason to imply I was interacting with a fiat to cryptocurrency exchange.
- listenallyall 5y agoOther people are "dumb" and "jokers". But when you make a mistake, it's just missing clarity or the reader's fault for not picking up what you're implying. Ok, got it.
- randomhodler84 5y agoWhich mistake would that be?
- listenallyall 5y agoThe one that compelled you to edit your original post, obviously.
- randomhodler84 5y agoOnly because you said something. It wasn’t a mistake, it just some ambiguity implied source, enough for you to comment. I dunno man, I don’t know what to say. I will own up to a mistake but that I do not believe is qualified as such.
- listenallyall 5y agoTake it easy man. Nobody really cares whether or not you made a mistake, an omission, whatever. Just don't be so quick to call other people dumb and you'll be good. Peace.
- cyberge99 5y agoAnother major failure of the methodology is that it fails to take in to account all of permanently lost key/locked up BTC.