Conversation

Jesse Powell
@jespow
When you buy that 🥨coin or whatever at a $500b valuation, ignoring all fundamentals and risks, just because it's returning 80%/yr in staking rewards, don't be surprised when the price crashes 99%. It's not profit unless you get out more #BTC than you put in.
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Jesse Powell
@jespow
You can't measure profits in fiat. Who knows how much fiat there is/will be? Could double tomorrow. You can only measure profits in terms of the % of the BTC pie you own.
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Religare
@reli_gare
Your statement only makes perfect sense if you dont use fiat on a day to day basis. But if you are buying land, or paying rent, or buying milk and food in Fiat, your btc isnt profit until you get to spend it on something of value - ie food, water.
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Religare
@reli_gare
plan for the future, but live in the present. Having more btc today than yesterday is certainly means you made a profit. but what you gonna do with the btc?? eventually in the future the price will rise, i agree... but it isnt real profit... until you actually use it.
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Religare
@reli_gare
Replying to
@jespow
yes makes sense as well. until you use the fiat its still not profit.. agree. Im totally with you on this! the fiat currency is designed to loose value over time! like you im bullish on bitcoin long term surely.
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PenserETH
@PenserETH
Replying to
@jespow
and
@angaddddd
Is it like the only alternative to bitcoin is USD and the only alternative to USD is bitcoin? There are a gazillion type of assets (not crypto ones) if you don't want to hold usd savings(which I agree is a bad idea)
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