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Cos it tells you what has happened and nothing about what will happen. Yet your original post was trying to claim it would tell you something about what will happen. In that regard it was false information.

Exactly.

I dont think i suggested that. In fact its those sell orders that can ultimately trigger the big collpase.

Lol. There is zero information in these charts regarding what happens next. It tells you absolutely nothing.

Just further for it to fall.

They lose if risky things go well and they miss out. They dont lose if broad risky things go bad because the government bails them out. I.e they invest because of massively misaligned incentives and not because they believe its a good investment (see what caused the GFC).

Its your assumption about demand being constant that i strongly disagree with. The demand is extremely flaky except in the black market where crypto has some actual value. But even that is volatile. on the supply aspect i agree with you in part, although new crypto currencies can be created to...

Those paid advisors were right. It is going below 1000 dollars. They have never been wrong. crypto aint the first bubble. Plenty Of people have made money off bubbles. But in the end just as many lose money as make it. The money is made first. The money is lost second. If your only argument for...

so how do you determine true value?

Yes dems are anti crypto cos they believe in government. All lefties should be 100 percent anti crypto. There is no government welfare or public services in a world where the goverment issued currency is replaced by crypto.

But how do you determine it as being undervalued? what measure do you use? When people say something is undervalued or overvalued they have an underlying measure to base this off. Crypto doesnt seem to have any underlying measure. Its value therefore is always what it is at any given moment...

They are better examples but they are very small markets and and again there is some aesthetic appeal to them. People like looking at them. They like having them sitting on the shelf, bringing them out and showing them to others. I dont think the aesthetic appeal is much. But its something.

Your undervaluing the aesthetic demand. 90 percent of all women on the planet are probably wearing some right now. And plenty of men as well. Most houses will also have additional items with some gold in it such as furniture and cutlery. In india and many other cultures every wedding comes with...

Beside it having practical uses Gold is desired for aesthetic purposes like diamonds. You dont hang crypto around your neck or on your finger. No one buys it to look at it. It has zero utility. Gold has heaps.

Will you still maintain your view when its down to $5000? How far does it have to fall before you realise this is just a giant ponzi scheme?

Yes but the house isnt your asset if you dont fully own it. no one is borrowing money from the bank to buy crypto. I.e. If you own crypto you own it completely. And if people did borrow for crypto purchases the bank could repossess that if you stopped paying back the loan. as for the second...

They cant do that if you own the house. Thats only if you dont own the house.

Yes. But they need a bailout from the imf now to avoid defaulting and the imf are asking them to give up the bitcoin peg in order to provide them the funds.

The market today tells you nothing about wherther you will make or lose money from this point foward.

Whats your view on el salvador right now? It seems like its on the verge of defaulting its debt. Imf is demanding they stop using bitcoin as legal tender.

yes they had possessions they could carry. Thats it. And then they lost those possessions if someone bigger wanted them. And there was nothing that could be done about it. before proper governments existed people had to group together and build giant castles on hills to protect the few...

Oh the irony in posting a comment from buffet who believes crypto is completely worthless.

But dividends provides you with actual cash from the profits of the business. You can only sell those tokens for cash if the tokens are valued by the market. Profits dont rely on the markets valuation of your stock. They simply come from the net revenues of your business.

The only reason someone has private possessions is because the government decrees it so through property law and the enforcement of that law. without government there is no ownership of property as there is no body to protect and declare private property. governments cost money to run. You...

this ignores the fact stocks pay dividends while crypto pays nothing. The value of stocks is not just the equity value. In fact for many stocks dividends is the main game. Good stocks are something you hold forever and reap the ongoing dividends. As you have stated yourself, your end game for...

The us fed previously said they wouldnt even start increasing rates to 2024. And yet here we are. they arent reliable forecasters.

The market only expected the us dollar to start losing its purchasing power when it actually started doing it. the inflation surge has been a surprise. It was not expected. No one was expecting the inflation surge 2 years ago. Hell i was one of the few predicting it when the pandemic began. most...

Yeah that guy is a neo liberal. He calls himself a freedom maximalist for crying out loud. freedom, freedom, freedom. Who chants that? Oh wait. Its neo liberals. the more progressive economists advocate for higher inflation rate targets. This guy wants zero inflation rate targets. Inflating...

yep. Its the very definition. https://medium.datadriveninvestor.com/are-cryptocurrencies-taking-us-one-step-closer-to-a-neoliberal-dreamland-323c44b02834

If inflation is rising 8 percent as it is currently then the us dollar is losing its purchasing power. You have confused exchange rates with purchasing power. Nearly all currencies are losing their purchasing power at the moment as inflation is high in most regions. I.e. A us dollar today can...