By the futures market zero sum game price bitcoin prediction second week of january bitcoin rebounded to 15 753 is forex trading a zero sum game. Technically forex is in fact bitcoin trade engine at best a zero sum game as any gains made by one trader are equal to the losses of other traders your profit someone s loss codester168. If bitcoin is being used to facilitate voluntary exchange of goods and services then it fulfills a double coincidence wants in which value is created because both parties of an exchange walk away better than they started otherwise they wouldn t have traded in the first place.
In what sense would it be a zero sum game. While the profits are clearly undeniable the real motivation for bitcoin and cryptocurrency investments is the paradigm shift. Bitcoin the previously mocked and maligned cryptocurrency has done what is extremely difficult for any alternative financial vehicle to do change the hearts and minds of public retail investors.
Money trickled slowly trickled out of ethereum and into btc and when btc got close. Bitcoin broke out of the triangle and money started flowing out from defi alts and into ethereum. Money is a zero sum game while bitcoin was trending sideways in a triangle for 3 months a bunch of obscure defi alts gain a lot of momentum.
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Dean july 31 2019 7 comments. Bitcoin is zero sum game you sell they buy. La maison du bitcoin bitcoin house in the paris district known as.
La maison du bitcoin bitcoin house in the paris district known as silicon sentier hosts various bitcoin related companies. The quicker the cryptocurrency reaches its true value the better. And every year more hot air.
Imagine the world economy as a hot air balloon.
Bitcoin zero sum game. Since bitcoins are not useful as a medium of exchange or desirable in themselves their true value is zero. The highest price at which bitcoins have traded is around 20 000. At the time of writing the market price is halfway between that level and zero. Pay your money or not and take your chances.
The zero sum game of bitcoin. Aug 5 2019 6 min read. In this game there is only one winner.
In this game there is only one winner. Aug 5 2019 6 min read. The zero sum game of bitcoin.
Pay your money or not and take your chances. At the time of writing the market price is halfway between that level and zero. The highest price at which bitcoins have traded is around 20 000.
Since bitcoins are not useful as a medium of exchange or desirable in themselves their true value is zero.
