4 ms·
I don’t care what you say it’s worth, I care what people willing to buy it will pay.
by blahblarblar 4y ago
I don’t care what you say it’s worth, I care what people willing to buy it will pay.
- arcticbull 4y agoAgain price vs value. I've never argued someone wouldn't buy it from you - I'm arguing it's worthless to both parties. It's the manifestation of the bottle imp paradox. [1] [1] https://en.wikipedia.org/wiki/The_Bottle_Imp https://en.wikipedia.org/wiki/The_Bottle_Imp
- blahblarblar 4y agoI get all that, it’s a fun philosophical widget to ponder over. But out here in the real world it has value to me because I can sell it for more than I paid. I’ve taken profits and converted it into real goods for myself. I am aware it could go to zero and I’ve hedged my risk appropriately.
- arcticbull 4y agoGenuinely, best of luck! It sounds like you've managed your risk appropriately, and of course, I want everyone to make a ton of money :)
- dbsights 4y agoLooks like those buyers are reconsidering it's value too. HODL? Illogical unless you believe there is some underlying value. Otherwise there will be bagholders and all you've accomplished is to guarantee you'll be among them.