Quote:
Originally Posted by Ab
That investment's up about 20% since he bought. That was a good buy.
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Hypothetical scenario:
I buy a used car for $1000 which doesn't run. That is to say, it looks like a car, but doesn't have the utility of a car, because it can't do the day to day things that a car does. But I like it because you can't buy these cars anymore. They just don't make them.
Someone else just bought the same model, same year used car for $2000 which also doesn't run. They also like it, because it's a classic. They're rare.
Have I doubled my money? Or am I still just $1000 poorer and the owner of a useless vehicle?
At what point can I brag to my friends that I made money? Shall I fill my entire backyard with these $1000 cars, knowing that someone paid $2000 sometime? Can we both tell others that we are most certainly going to get 10x our money, from the simple fact they don't make them anymore?
I realize cars are not digital currencies, but from an accounting perspective, has Saylor made /any money at all/ from crypto?