Without logic, your assessment is worthless. You can make logics without facts and actual make a valuable deduction. So your interpration is never worth more than the logic you use. That’s why I say, I don’t deny your experience, but your interpretation.
investing 40 and getting back 40 is an investment at a loss. You are spending your time to lose your money.
An investment is supposed to give you more than what you invested. The more time you spend on it, the more interests you should get. That’s why school is an investment and people are paid more when it requires more degrees.
So when you looked at the BTC price history and saw factually the price jumped from £10k to £40k at the end of 2020 how would you interpret that exactly? Let me read your assessment then.
This I can agree with. whoever paid £40k per BTC has made a loss. They can either sell now and lose £8k or wait for it to get above £40k and try and get back their original investment. It does seem though that many people don’t mind buying at £40k if they already had it in their mind to invest for a few years.
Yes very true, I have known people study years for a certain job but then when they passed the exam nobody was hiring in that field so many different types of investment can be risky, some more than others.
Unrelated. I say, your interpretation is worthless because you have no logic. Because you don’t read what people write, but what you want them to have written, and you don’t use logic rules, but instead make up a logic based on what you want to have deduced, which is hypocrisy. “it’s logic because it suits me”. That’s not how it works. That’s not how the world works, even if you claim it.
It’s sad because here NFT's are Fundamentally a MLM-Type Scam Designed to Get You to Buy Crypto - #1122 by Aaron you showed you actually can try to make logic. The sad thing is, you used logic to prove something completely unrelated. So your statement that it’s not the adult who drew the scribbles was deduced by logic , yet worthless once more because unrelated.
The point of my post was an example of how it could go wrong if all facts are not considered which can apply to any real world scenario.
Police for example will walk into a crime scene and they will have to work out exactly how it happened. If they ignore or miss any info it could seriously hamper their investigation. for example if there was a finger print they ignored or missed it could result in the culprit not facing justice because the police are unaware of them even being at the crime scene.
You will have to agree that in the police example an extremely strict logic must be followed, else justice may not be dealt.
Nobody says “it’s logic because it suits me” they will say things like, “I followed a logical path and checked containers 1 to 10 first” for example. Logic isn’t something one can change it seems to be apparent.
Go ahead and disagree, as i mentioned nothing is going to suddenly change just to suit you, any scenario or subject will simply be whatever it is and you will have to find all the facts about it in order to come to the proper and correct conclusion.
This Craig Wright guy claimed to control a BTC wallet, but then someone with actual access used their keys to write a message calling Craig Wright a liar. If that event was factual then I will revise my interpretation to include these new facts. This is the only way it can work anything other than this is lunacy. I’m following a logical method because I am considering factual events and using them to revise my opinion. It would be illogical of me to ignore Karak and emotional’s info and still claim Craig Wright is Satoshi.
You say “BTC was £10k and jumped to £40k” you have taken two facts and left out (whether or not on purpose) the ~£60k peak when that one US company pumped it and later dumped it, probably twice.
I would say I check one year of BTC and come to the conclusion it dropped $7.310,51 (15,92%) which is bad, no one likes a -15% interest rate on their savings.
A lot of people claim “Crypto is not depending on governments!” yet every crash of bitcoin in 2021 was attributed -on a lot of crypto sites- to the Chinese Government. So you have your “independent” coin that’s totally dependent on governmental whims. For other coins, it’s all depending on influencers like Elon Musk. Bitcoin plunges 12% after Elon Musk tweets that Tesla will not accept it as payment in may 2021.
To recapitulate, the crypto-coin claimed to be ‘international’ and not dependent on governments and large industries can be easily manipulated by governments and large industries.
Now, for those who were going "BOO!BOO! evil rich people that are subject to government and taxes…
2% of the wallets own 94.51% of the wealth. Wow. Good no government can infringe on the rights of the ultra elites. At least BTC has taught us that when we let banksters run the economy, we will own nothing and be happy. Oh man, this is bad. Imagine anyone even trying to state the current governments are bad… Crypto scammers are so much worse.
You answered to my post, which was : if you don’t prove it’s logic, then it’s not logic. The proof is in the pudding.
So your post, that was using logic to explain (according to that last post) the context is important when you do logic, was off-topic. Therefore, your inference was not in the context of the posts , that is unrelated. Which is sad.
I left out that info because the only point i am trying to make is that anyone who owned BTC before it jumped from £10k to £40k made money, so, I was unsure of where Nana got the view that lots of people lost money.
I guess, it will obviously depend on when one purchased their BTC, if it was around the 3rd April 2021 then yes they have lost money. If they got their BTC pre sept 2020 then they would have only paid around £10k or less for it.
The issue I have with your perspective is you seem to be ignoring the fact that BTC started off very cheap and millions of people mined or purchased it at these lower costs. All I am saying is that your opinion must consider the entire history in order to understand it completely.
Those wallets could belong to entire countries. who knows.
Logic doesn’t have to be proven it’s either apparent or not. ignoring facts and expecting an accurate conclusion is not logical. accept this and move on.
Also it doesn’t matter if my example was off topic, in fact it was on topic because the debate is “One needs to consider all facts before arriving at a conclusion” I gave examples of why considering all facts in any scenario is important.
You aren’t considering all of the facts when you’ve arrived at your conclusion that BTC is a scam.
Even if that was the case, so what? It’s still 300% up from 1.5 years ago. We have seen this now multiple times that the market can get into extremely irrational and euphoric phases. Somehow when Bitcoin increases 100% it’s all over the news and more people flock in the hopes of making a quick buck, pumping up the price further, because it just doesn’t take much at the market cap we currently are. Zoom in on that what is now just a blip around 2017/18, it was even crazier back then.
This isn’t a Bitcoin only phenomenon, this is like investment text book stuff.
I’m not sure why it is surprising to you that people start to take profits when they are 500% up on their investment, wouldn’t you? That is just normal. This has absolutely nothing to do with pump&dump. A p&d scheme is extremely obvious to spot, and it doesn’t look like the Bitcoin graph.
Dude, I’m not even sure why you now bring up wealth inequality. Yeah it’s reflected in Bitcoin like it is in every single other currency in the world. But it existed long before Bitcoin and you probably have to look elsewhere to find the cause. So why do you even bring it up? Are you so desperate for arguments that you have to take everything that is remotely connected to money now and blame it on Bitcoin?
No it was not.
This sentence was unrelated to the topic.
Learn to read.
You aren’t considering all the facts either. For example, you don’t consider that it adds no economical value, which means, it is a scam.
You can gain money doing a scam. Actually that’s what scammer do. does not make it less a scam.
Well if I’m scamming then please explain why I’m not in handcuffs sitting in a police station or in prison? Please explain why there isn’t an arrest warrant for Satoshi, and while your there explain why people are free to access the BTC blockchain and mine BTC and perform transactions and why access has not been banned or restricted. Also explain why crypto exchanges are in full operation and have not been restricted in anyway.
It’s all good claiming something is a scam, but you don’t seem to have any reasoning at all, all you’ve got is “it’s a scam and has no value” when asked to be more specific you can’t. You have an unhealthy mindset as you keep trying to push something that isn’t there.
You’ve followed an illogical path and ended up at silly conclusions, You’ve ignored everything about BTC and you still think your conclusion is accurate. I don’t think anyone on the planet would expect to come to an accurate conclusion on anything if they ignored all the facts, You’re very much on your own with your way of thinking on this.
You claim BS again. Learn logic.
Only retard claim that the conclusion is silly because it does not suit their narrative. You just can’t look at facts.
You opinion is not fact. Stop claiming otherwise.
You are the one ignoring facts here, to cherry pick those that don’t go against your opinion. You dodged the facts every time I brought them. You went full retard mode and started distorting my post to make me claim something different.
That’s the expression of a confirmation bias. You’re stuck in your delusions that “BTC is future” without being able to notice if it was not.
Says the one who distort my posts and then claim he is using facts.
You are not using facts, you are distorting reality.
You are not able to acknowledge your mistakes, even when they are as obvious as you claiming I wrote “adult” when I wrote “you”.
When you say you are 40 yo, you are a joke of an adult.
No, I was not part of the example. the example was just an adult and a child. Now you’re here trying to tell me what my example was? why can’t my example be exactly what I say it is?
In the example, “I” could have not scribbled on the wall since I was not featured in the example, so you saying it was me who scribbled on the wall in my example is utter nonsense because it’s not possible.
So I think it is you who should learn to read, because you don’t seem to be able to answer a basic question that is based on a very simple example of logic.
I think this exists for you without me. Also I don’t have the ability to distort reality, reality is based on rules that can’t be broken.
Face another fact, you lost the trolling session LOL, and I declare myself the king of trolls!
You still made the mistake of claiming I wrote “the adult” when I actually wrote “you”.
Except in your example, you are not mentioned as being absent.
Plus the post I made does not need you to be present in the example. I wrote, that claiming “you made the scribbles” is as much logic as claiming “the children did it” : it’s not logic. Nowhere do I claim that in your example you made the scribbles.
So yes you are not able to acknowledge your mistakes, and try to dodge the topic with unrelated claims.
Again, distorting reality.
Yes, you did when you claim something that the fact show is wrong.
I wasn’t part of the example, so how can someone suggesting me being responsible for the scribbles be logic? LOL, it’s ILLOGICAL because I’m not featured in the example.
This is your problem, you don’t want to work within the parameters of the given example/scenario/subject. You think you can create your own logic which is lunacy.
I can imagine someone trying to play a fun trick on you and asking you to pick a number between 1 and 10, you’ll say something like 12 and insist that you want to choose 12.
