Ukraine's government raises crypto worth $8M in crowdfunding appeal
reuters.com
reuters.com
But it's also projected that $DOGE will make another try at flipping $.70 zone resistance levels into support and taking out $1 before 2Q 2022 is over, and that's even taking into account a possible dip below the $.10 line along the way.
So that's one example of an outcome where the $8M reaches a value of $70M+ USD before half a year has passed, depending on the spread of raised assets and their current valuation. Anyway, interesting possibilities...
That's your assumption; why not ask a question instead?
> the decision to hold on to a volatile currency is equivalent to the decision to buy that currency
This conflates a possible comparison based on assumptive logic with a probability based on circumstances you either don't know, haven't introduced, or don't care to ask about. Why do that?
Because I am not attempting to ask something: I am attempting to correct something.
> This conflates a possible comparison based on assumptive logic with a probability based on circumstances you either don't know, haven't introduced, or don't care to ask about. Why do that?
The reason to do that analysis is because to not do it leads to initial-situational-specific madness: the idea that this money they received could someday be worth $70M, and that you wouldn't be saying this had they received dollars via PayPal or something, is akin to the people who claim "you must be sad you purchased a candy bar with your Bitcoin back in 2012", which is clearly non-sensical: it entirely ignores that value exists in the moment and the decision to not do something IS a decision.
No, you don't even know what you're correcting is objectively there to correct. "You wouldn't otherwise do X" is not a fact, it's an assumption:
> that you wouldn't be saying this had they received dollars via PayPal or something
That's not logic. It's a guess. A guessumption.
I think it would be easier to correct someone by being polite, asking questions, and even if failing that, being logical.
Your reasoning is nonsensical, based on guesswork, and leaves out very important details.
Not a great coin to HODL, projections amount to reading tea leaves
https://twitter.com/elonmusk/status/1358648653573992450?t=5-...
Argument from tea leaves seemingly applies to any future-looking trade into risk.
Projections that don't fit the tea leaves model are probabilities (moving average models for example) and contingency planning (hedging vs other assets you believe in), used by traders every day. It's how technical trading works. Much different from intrinsic value trades. Some part of a portfolio should be exposed to higher risk, and IMO extrinsic models as well.
Hmmm, I guess I thought 14M tokens/day was a lot, but at current supply of 132,000M, each day increases supply by 1%, and it would take about 26 years for supply to double. I guess that's a pretty reasonable rate of inflation after all.
I don't love being corrected by an Elon tweet, but it is what it is. Thanks.