244 sats \ 2 replies \ @ek 11 Mar \ parent \ on: POLL: When BTC price goes up, does your zap amount go down? meta
So people don't buy bitcoin? And don't sell it? Do you earn or mine it? Never bought some?
What is the definition of a price for you then? What do you call this number that a lot of people are waiting to hit 100k?
Please elaborate because I clearly don't get what you mean.
So people don't buy bitcoin? And don't sell it?
No they don't. It's called "exchanging". Just like you exchange Euros and Dollars - nobody says they bought some Euros. At least nobody who knows what these words mean. They changed/swapped Dollars for Euros
Do you earn or mine it? Never bought some?
Nope, never. Only currency swapped or exchanged shitty currency (fiat) for good currency (Bitcoin)
What is the definition of a price for you then?
The word "price" is the quantification of goods and services.
What do you call this number that a lot of people are waiting to hit 100k?
It's called "exchange rate". Something like "spot rate" might be okay too if you insist.
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Okay, I see, makes sense.
If we say we exchanged or swapped something, we obviously would say "exchange rate". If we say we bought or sold something, we obviously would say "price".
However, I would say property is missing in your definition:
The word "price" is the quantification of goods and services.
Since I assume you wouldn't say that people exchange dollars for houses, but they buy or rent property which means they have a price.
Now I could go into if bitcoin is property (and money at the same time) and that there are other, less convenient definitions for price but your arguments do make sense so thanks for replying.
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