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Author Topic: Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin)  (Read 302059 times)
RED-DOG
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« Reply #675 on: January 11, 2018, 06:39:33 PM »

You are buying a share of a company. So your 0.001% share of the company, bought for £10k, is now only worth £350 because that is all the market values it at. Usually what the last 0.001% was bought for. If loads of people suddenly want to buy into that company - more than who want to sell - supply/demand dictates the value of the shares will rise.

What if I paid for my shares in cash, where is the cash now?
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TightEnd
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« Reply #676 on: January 11, 2018, 06:41:53 PM »

Goes through whatever clearing system the exchange you purchased on uses to the seller of the shares you bought
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« Reply #677 on: January 11, 2018, 06:43:48 PM »

Goes through whatever clearing system the exchange you purchased on uses to the seller of the shares you bought

So although I've lost it, it isn't actually lost?
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TightEnd
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« Reply #678 on: January 11, 2018, 06:47:25 PM »

For every loser there is a winner
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« Reply #679 on: January 11, 2018, 06:50:04 PM »

For every loser there is a winner

Thank you. That's precisely the point I made before people started explaining it to me.

Oh and Glen, fuck you  Wink
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« Reply #680 on: January 11, 2018, 07:04:43 PM »

For every loser there is a winner

Thank you. That's precisely the point I made before people started explaining it to me.

Oh and Glen, fuck you  Wink

If you invested your £10K into gold at a time when the market value was £1000 per ounce and suddenly an enormous goldmine was discovered with limitless deposits making gold nowhere near as scarce as it used to be, the price of gold would plummet. The guy who you purchased your gold from would have made his regular commission of ~£200 but all of a sudden your gold is only worth £5K so you have lost £5K but nobody would have "won" it.
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« Reply #681 on: January 11, 2018, 07:09:51 PM »

For every loser there is a winner

Thank you. That's precisely the point I made before people started explaining it to me.

Oh and Glen, fuck you  Wink

If you invested your £10K into gold at a time when the market value was £1000 per ounce and suddenly an enormous goldmine was discovered with limitless deposits making gold nowhere near as scarce as it used to be, the price of gold would plummet. The guy who you purchased your gold from would have made his regular commission of ~£200 but all of a sudden your gold is only worth £5K so you have lost £5K but nobody would have "won" it.

The person who sold the gold has your ‘ex’ money, it is not lost to him it just means you don’t have it anymore.
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« Reply #682 on: January 11, 2018, 07:17:43 PM »

If you go to a fruit and veg market and buy some bananas, you now have bananas and the seller has your money. You then sell your bananas through some private Skype chat after the great banana mining rush of 2018 for 100x what you bought them.
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« Reply #683 on: January 11, 2018, 07:20:42 PM »

If you go to a fruit and veg market and buy some bananas, you now have bananas and the seller has your money. You then sell your bananas through some private Skype chat after the great banana mining rush of 2018 for 100x what you bought them.

But if you eat the bananas you have converted your banana into not feeling hungry.
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Rupert
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« Reply #684 on: January 11, 2018, 07:21:47 PM »

No one actually uses their bananas on something useful, duh
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« Reply #685 on: January 11, 2018, 07:54:27 PM »

No one actually uses their bananas on something useful, duh

Too funny Smiley
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« Reply #686 on: January 11, 2018, 08:37:59 PM »

In other news...


Just been in Sainsburys and swapped 50 raisins for 100 sultanas.
Can't believe the currant exchange rate!
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« Reply #687 on: January 11, 2018, 08:43:15 PM »

 
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« Reply #688 on: January 11, 2018, 09:41:03 PM »


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« Reply #689 on: January 11, 2018, 10:52:51 PM »

For every loser there is a winner

Thank you. That's precisely the point I made before people started explaining it to me.

Oh and Glen, fuck you  Wink

Pretty sure that the wink offsets the smile.

By the way, I'm not sure what qualifies tighty to comment on this or that he and bobalikealopolous' collective view means the case is proved.

To show the argument as nonsense we can use an inverse example.

One has a vintage car and paid 5k for it to a guy who had paid 3k for it. It appreciates in value to 50k so you won 45k. Do you follow this bit ? OK, moving on. You are a winner of £45k so there must be a loser right ? Who is the £45k loser ?
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