Bitcoin Forum
February 16, 2019, 12:16:00 AM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Does Real Wealth Get Lost When Bitcoin "Crashes"?  (Read 233 times)
Real_Person
Member
**
Offline Offline

Activity: 133
Merit: 24

Smarter Contracts: "Quietly Making Noise"


View Profile
December 13, 2018, 04:48:24 PM
Merited by dbshck (4), DarkStar_ (4), Welsh (3), paxmao (2), LoyceV (1)
 #1

The fiat-based value of BTC is down over 80% from the Big-Time highs of late 2017:

(Q) Did (for example) a large number of bitcoins disappear forever?
(A) No, they simply passed from generally weaker players to "more serious" (long-term successful) ones.


Does Real Wealth Get Lost When Bitcoin "Crashes"?
and/or...
Does the chaos and "pain" create many new opportunities for various types of "hungry" people?
1550276160
Hero Member
*
Offline Offline

Posts: 1550276160

View Profile Personal Message (Offline)

Ignore
1550276160
Reply with quote  #2

1550276160
Report to moderator
1550276160
Hero Member
*
Offline Offline

Posts: 1550276160

View Profile Personal Message (Offline)

Ignore
1550276160
Reply with quote  #2

1550276160
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1550276160
Hero Member
*
Offline Offline

Posts: 1550276160

View Profile Personal Message (Offline)

Ignore
1550276160
Reply with quote  #2

1550276160
Report to moderator
1550276160
Hero Member
*
Offline Offline

Posts: 1550276160

View Profile Personal Message (Offline)

Ignore
1550276160
Reply with quote  #2

1550276160
Report to moderator
1550276160
Hero Member
*
Offline Offline

Posts: 1550276160

View Profile Personal Message (Offline)

Ignore
1550276160
Reply with quote  #2

1550276160
Report to moderator
Lucasgabd
Full Member
***
Offline Offline

Activity: 616
Merit: 119


Collective Financing Platform


View Profile
December 14, 2018, 02:39:49 PM
 #2

I'd guess: both

there's definitely money leaving the market since we can use the total valuation in USD to have a basis for market size

but yes, new (bag)holders are forming and money transferring is happening.
money is energy, it's just a matter of flow
acmakc12
Member
**
Offline Offline

Activity: 266
Merit: 14


View Profile
December 16, 2018, 02:46:29 PM
 #3

I believe that at the moment the whales are manipulating the market, those who bought bitcoin for $50, whole carriages , and now they are doing what they want with the market using only a glass of bitcoin. And hamsters walk on a leash from those who do it. To be honest, I believe that it is very sad and it definitely will not lead to good, given that Bitcoin was originally thought of as a decentralized currency, but when someone can change his price as he wants, what kind of decentralization is this?)
Jet Cash
Legendary
*
Offline Offline

Activity: 1162
Merit: 1497


Proud member of the CH tilde club.


View Profile WWW
December 16, 2018, 03:42:26 PM
 #4

Real wealth is having time to enjoy the pleasures in life, and in being able to preserve your good health. You don't own property, property owns you. I'm much happier, and having more fun, since I have stopped the pursuit of economic gain and excessive acquisitions.
angel55
Full Member
***
Offline Offline

Activity: 476
Merit: 123



View Profile
December 16, 2018, 06:18:45 PM
 #5

Real wealth is having time to enjoy the pleasures in life, and in being able to preserve your good health. You don't own property, property owns you. I'm much happier, and having more fun, since I have stopped the pursuit of economic gain and excessive acquisitions.

Indeed, you can't take money with you when you die.  You never own property anyways, you are just the temporary caretaker until your death,.
bitmover
Sr. Member
****
Offline Offline

Activity: 392
Merit: 641



View Profile
December 16, 2018, 08:26:11 PM
 #6

Does Real Wealth Get Lost When Bitcoin "Crashes"?

No.

Bitcoinand other speculative assets such as stocks do no generate wealth. When Bitcoin crash no wealth is lost, because no houses gets lots, almost no services are out of activity, no physical goods are lost.

Real wealth in my opinion is what makes people's life better: manufactured goods, physical goods, services, education... Speculative assets don't really interfere in the real world.

When bitcoin crashes  basically the only impact is on speculators bank account. But numbers in a bank account generate no wealth.
mikeywith
Sr. Member
****
Online Online

Activity: 322
Merit: 407

be constructive or S.T.F.U


View Profile
December 23, 2018, 12:19:52 PM
 #7

The fiat-based value of BTC is down over 80% from the Big-Time highs of late 2017:

(Q) Did (for example) a large number of bitcoins disappear forever?
(A) No, they simply passed from generally weaker players to "more serious" (long-term successful) ones.


Does Real Wealth Get Lost When Bitcoin "Crashes"?
and/or...
Does the chaos and "pain" create many new opportunities for various types of "hungry" people?


your answer would be valid if this is the bottom of the drop, if btc is still going to 1k or 100$ then btc passed from strong hands, to weak hands only to be picked up again by strong hands at lower price.

there is really noway of sorting who sold to who , but a general rule is , usually the noobs buy at the peak, sell at the bottom, so i would like to assume that the strong and the smart beeg selling btc from 19 k to 6k and now are re-buying it for cheap from the noobs who bought it high, and they will sell it for higher price later on before it collapses again.
soulcancer
Member
**
Offline Offline

Activity: 266
Merit: 12

Give me merit or give me death!!!


View Profile
January 12, 2019, 03:01:08 AM
 #8

wealth is never lost...it is merely transferred
Real_Person
Member
**
Offline Offline

Activity: 133
Merit: 24

Smarter Contracts: "Quietly Making Noise"


View Profile
January 13, 2019, 03:40:06 AM
 #9

Real wealth is having time to enjoy the pleasures in life, and in being able to preserve your good health....
...

+100 Years added to your lifetime  Smiley
paxmao
Sr. Member
****
Offline Offline

Activity: 518
Merit: 426


Spanish Community Translation and Strategy review


View Profile
January 14, 2019, 12:53:46 PM
Merited by dbshck (4), DarkStar_ (4), S_Therapist (4), LoyceV (1)
 #10

Rather than wealth being destroyed, is a representation of underlying expectations about the value of an asset. It is very simple if you think of it in terms of other more familiar assets such as houses or shares.

In a rational market, a house or a stock share are investments that are as good as the future returns that they provide. If you can get 500 a month renting a house the house will be valued "X" but if you can get 1000 then it would be valued at "2 X". This is a super-simplistic model, please don´t flame too much.

When bitcoin or any other crypto asset lowers in value it reflects the belief of the market that the expectations are lower, just as with a house or a stock share. Thus, it is not that wealth is being destroyed, it is the market acknowledging that wealth has been destroyed or better said, that there is an expectation of less wealth in the future in that market.
The Pharmacist
Legendary
*
Offline Offline

Activity: 1428
Merit: 2462



View Profile
January 16, 2019, 02:38:25 PM
 #11

Bitcoinand other speculative assets such as stocks do no generate wealth.
Did I miss the standard definition of "wealth"?  I know a lot of people define their wealth in terms of how much they have in the stock market/bitcoin/whatever other investment.  If Berkshire Hathaway crashed to $1 today, you don't think there would be reports all over the place that Warren Buffett had lost most of his "wealth"?  Sure they would.

Real wealth is having time to enjoy the pleasures in life, and in being able to preserve your good health. You don't own property, property owns you. I'm much happier, and having more fun, since I have stopped the pursuit of economic gain and excessive acquisitions.
I'm with you all the way on that one.  Not that I don't enjoy the stock market or bitcoin as a hobby, but I don't chase material possessions to make me happy.  I don't even own a car, just a bicycle.
bitmover
Sr. Member
****
Offline Offline

Activity: 392
Merit: 641



View Profile
January 16, 2019, 05:07:49 PM
 #12

Bitcoinand other speculative assets such as stocks do no generate wealth.
Did I miss the standard definition of "wealth"?  I know a lot of people define their wealth in terms of how much they have in the stock market/bitcoin/whatever other investment.  If Berkshire Hathaway crashed to $1 today, you don't think there would be reports all over the place that Warren Buffett had lost most of his "wealth"?  Sure they would.


Just like paxmao said above, the price doesn't reflect wealth, but the expectations about the future wealth of the company's stock.

Market price is not the "price " of the wealth, but the expectations of the wealth in the future.

The wealth of a company are measure by their anual balances, which have some impact over their shares price
Real_Person
Member
**
Offline Offline

Activity: 133
Merit: 24

Smarter Contracts: "Quietly Making Noise"


View Profile
February 10, 2019, 01:34:51 AM
 #13

Bitcoinand other speculative assets such as stocks do no generate wealth.
Did I miss the standard definition of "wealth"?  I know a lot of people define their wealth in terms of how much they have in the stock market/bitcoin/whatever other investment.  If Berkshire Hathaway crashed to $1 today, you don't think there would be reports all over the place that Warren Buffett had lost most of his "wealth"?  Sure they would.


Just like paxmao said above, the price doesn't reflect wealth, but the expectations about the future wealth of the company's stock.

Market price is not the "price " of the wealth, but the expectations of the wealth in the future.

The wealth of a company are measure by their anual balances, which have some impact over their shares price


the price doesn't reflect wealth...
Real 'wealth' is often defined by your own standards, and it is nice to know some people still understand money isn't everything. 




Pages: [1]
  Print  
 
Jump to:  

Bitcointalk.org is not available or authorized for sale. Do not believe any fake listings.
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!