/biz/ - Business & Finance

>>2273016
That story doesnt make sense.

If it shoots up in value its because a tonne of people are buying it, the more valuable your coin is, the easier it is to sell.

If no one was buying it, it wouldn't be worth 40K.

>>2273016
bancor, that's the point

you cant. thats why altcoin trading is reserved for jobless morons and teenagers who think its a way to get rich when in reality is just a way to see random numbers go up or down on your blockfolio app

>what are exchanges

>>2273016
are you fucking retarded? do you know what an exchange is?

>>2273016
>>he can't trade it for other crypto currencies

>>2273016
>$40,000
>rich
maybe if you're from Siberia

>>2273016
>now worth $40,000
>no one wants to buy it

Please be bait. Are you just really really stupid or am I missing something

>>2273041
>t. filthy no coiner

>>2273016
>the price skyrocketed
The "price" is determined by the most expensive bid over the total allotment of coins for which you intend to sell. So if the price actually skyrocketed, then that means someone is willing to buy it for that much. That's what "the price went up" actually fucking means. If you hold, say, 1000 of a coin but only 100 are in bid offers, then the price for your holdings is only the most you could get by selling those 100.

Point is if the price went up, that means people will buy it. That's what it fucking means. If people aren't buying it, then in reality the price went to 0.

So your fear is that the price will plummet to 0. Ok that's a reasonable fear.

No there is no guarantee it won't do that. That's what fucking "risk" means. You are taking on risk in exchange for profit that's what fucking investing is. We can't get you risk-free profits you dumbass that's arbitrage and a whole different ballgame.

>>2273016
OP is clearly autistic / chicken tendies eating basement dweller. stay out of cryptocurrency

>>2273041
>Botty blasted no coiner

its not too late to join the moon mission

>>2273041
>get altcoins
>trade them for bitcoins
>sell bitcoins for fiat
what part of this is too complex for your small brain?

>>2273041
<<< autistic and/or troll alert >>>

>>2273043
>>2273045
>he can't trade it for other crypto currencies
did you eve n read before typing?

meet non autistic moron faggot
makes a killing with bitcoin and alt coins
uses multiple bitcoin debit cards to cash out 2,500$/day per card in any atm whenever he wants instantly

wow.. that was hard

>>2273030
but why would anyone wish to buy a coin that isn't widely adopted? btc makes sense cus some stores will now accept it for purchasing items, but a lot of altcoins are not accepted as such. So why would someone trade btc for memecoin(tm)?

>>2273108
>altcoin has gone up in value
>but can't be traded for other crypto
So we're talking about a mythical scenario then?

>>2273190
it doesn't matter why, it matters but they do
you do realise that for the price to go up against BTC a lot someone (a lot of people) had to trade BTC for it right?

>>2273041
lmao I see you in every fucking thread

get a trip you salty nocoiner retard

>>2273190
listen you idiot, in order for the price of an alt coin to go up, it means people are already buying and selling it at that price

it doesn't matter what real world applications it possesses or if it possess none at all.

if it has a high price or has gone up in price it means you can exchange it for bitcoin, and bitcoin can always be used to exchange for dollars / money

an Altcoin that has no use, with no one buying or selling it, can't be worth 40,000$ or any other magical number, your imaginary scenario is totally idiotic

>>2273232
it matters why because if the logic isn't there it wont happen
>>2273203
yes, a mythical scenario in which someone with btc doens't trade it for a useless altcoin, what a crazy scenario, imagine how out of this world one must be to not waste btc on an altcoin, mythical beyond words....

Just admit you have no idea what you're talking about, OP

What if the dollar was worth nothing? What if the only currency in the future that people want is bitcoins because those are a lot cheaper to use and convenient?
Then cashing out to fiat wouldn't make sense because you would be paying your rent in ether, buying groceries with XBY and investing in bitcoin for 9% annual return.

>>2273330
>yes, a mythical scenario
Got it, what a waste of a thread. May as well talk about what were to happen if people started using unicorn horns as currency.

The scenario doesn't make any fucking sense. This is how it would turn out in reality:
>Anon is trading on X exchange(Polo, Bit etc)
>Anon makes 30k with his memecoin
>Anon sell his memecoin for bitcoin, like it's possible to do with literally any fucking altcoin listed on these exchanges
>Anon exchange his bitcoins for fiat
Wow, that was hard.

>>2273016
>worth 40k
>can't sell it
Doesn't it imply it's not worth 40k? It's only worth something as long as there's a buyer, assuming your scenario which is pretty much impossible to happen in a relatively short timeframe coin's price could fell to, say, 4 dollars.

OP is certified autist
answers are staring him in the face and he still acts like an autistic moron

>>2273016
>your typical nocoiner