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duckhunt__:
well if i give you $10k cash for a bitcoin and then my bitcoin goes to 0, i have nothing but you have $10k, no currency has disappeared. as i understand it
no US dollar currency that is
physt:
in my hypothetical conjecturing, I'd assume a central authority was just collecting all the money as part of say... restocking the fed or some shit lol.
duckhunt__:
But what about just getting involved with trading it? doesn't that sound interesting and also lucrative? gauging sentiment, technical analysis, fundamentals (in the technical sense), thinking about how larger social/government/banking/big player schemes might affect price
physt:
no, and i'll tell you why.
because of how markets work. If I had some grand theory about what the price of bitcoin was going to do, by the time I had that theory the market would have already adjusted for it.
neither you or I know any secrets, and if we did and if they were worth a substantial amount of untracable money......... well, wouldn't that knowledge be a bit dangerous?
not anything I'm interested in screwing with... like I said, I already made more money than your average dummy will see in a lifetime. and by average dummy, I just mean a dummy that can't use a PERT calculator lol.


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