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/biz/ - Business & Finance

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6367877 No.6367877 [Reply] [Original]

What happens if you refuse to sell even as the coin approaches $0 and become literally the only person holding it?

>> No.6367897

>>6367877

Satoshi buys it back off you.

>> No.6367920

>>6367897
You refuse to sell. So from my understanding as long as you don't sell that coin can't be considered dead.

>> No.6367932

You’ll only be the sole owner if you buy every other coin, thus driving up the price you dumb fuck

>> No.6367948

Meaning you hold all the coins in existence? In that case you are a whale and artificially inflate the price.

>> No.6367997

>OP doesnt understand the concept of buy low sell high
>OP literally doesnt grasp economics they teach to highschool kids

As it drops people would start buying genius. Name one example where a market has just devalued to $0 and never had any kind of recovery

>> No.6367998

>>6367932
Well if their value becomes close to $0 you could pretty much do that with less than $1 or perhaps for free.

>> No.6368028

>>6367877
yobits good sir

>> No.6368034

>>6367877
The singularity, you become the coin.

>> No.6368038

>>6367877


if there is no demand for the coin it will be very hard to price it up considering that no one will buy it.

a good marketing effort could help but being the only holder of something with no intrinsec value is a pretty shitty situation.

>> No.6368076

>>6367997
It's a hypothetical scenario dumbass.
IRL worst that can happen is a coin getting delisted from every exchange.

>> No.6368146
File: 34 KB, 391x500, 1513669735258.jpg [View same] [iqdb] [saucenao] [google]
6368146

>>6367877
Nodes eventually dry up and you can never transfer the coin ever. The end. You have encrypted numbers that no longer have any value or function.

>> No.6368218

>>6368146
Like a torrent with no peers or seeders. I see.

>> No.6368241

>>6367877
you bought APPC didnt you op

>> No.6368398
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6368398

>>6367997
>Name one example where a market has just devalued to $0 and never had any kind of recovery
asbestos

>> No.6368483
File: 69 KB, 678x674, 8f8.jpg [View same] [iqdb] [saucenao] [google]
6368483

>>6367997
blockbuster

>> No.6368548

>>6367997
>Name one example where a market has just devalued to $0 and never had any kind of recovery
my sex life

>> No.6368647
File: 73 KB, 1920x1079, chrome_2018-01-12_22-19-51.png [View same] [iqdb] [saucenao] [google]
6368647

>>6367997
>Name one example where a market has just devalued to $0 and never had any kind of recovery
You may want to take a looksie here:
http://deadcoins.com/

>the scrollbar

>> No.6368743

>>6367877
I’ve got some coinye coin left from 2014 if you’d like to buy some befor it spikes

>> No.6368763
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6368763

>>6368548

>> No.6368773

>>6367877
This is unironically my literal ideal scenario with LINK. I pray every fucking day that it never takes off and everyone sells including Sergey after abandoning the project so I'm the only one left with all the LINK in the world with 0 intention of ever fucking selling.

>> No.6368810

>>6367997
>Name one example where a market has just devalued to $0 and never had any kind of recovery
My GM stock during the 2008 crash.

>> No.6368861
File: 947 B, 416x454, 1489768509515.png [View same] [iqdb] [saucenao] [google]
6368861

>>6368548
I-I see...

>> No.6369186
File: 137 KB, 1821x1019, biz_oldfags.png [View same] [iqdb] [saucenao] [google]
6369186

>>6368647
>pic related
AHHHHAHAHAHAHAHAHAHHAHAHAHAAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAH
*breathes in*
HAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHA

>> No.6369264
File: 716 KB, 1920x1200, 100% Pure KEK.jpg [View same] [iqdb] [saucenao] [google]
6369264

>>6369186
>shortname: ASS

>> No.6369420

>>6367877
Start to shill it on biz