Odell Beckham Jr. Loses Most Of His Salary Due To Bitcoin Dip

[Dorian Breh]

Opportunity cost are POTENTIAL GAINS, you could've had, you didn't lose anything

If you hold and sell at a profit or break even you haven't lost, which is the fact I stated

once again, fact investment gurus who have zero investments, zero property, zero assets, living lies on the coli speaking about stuff they have no idea about

GET OFF MY dikk, i wasn't even defending cryptp I was shytting on it, nobody uses stocks as income its a long term investment you hold, which is the point I was making, accept your salary as bitocin is as stupid as accepting stocks as income

So you think opportunity cost only works in one direction?

If you never bought the asset, then you'd have more worth than since you did buy the asset. Regardless of if you sell.

 

[mannyrs13]

mans running fibs. volume, a trendline AND two exponential moving averages

Plus the ichimoku cloud I had to remove to make it look cleaner for viewing.

 

[Master Teacher]

So you think opportunity cost only works in one direction?

If you never bought the asset, then you'd have more worth than since you did buy the asset. Regardless of if you sell.

That's not what opportunity cost

Opportunity cost are potential gains you could've realized, just because you missed out on gains doesn't mean you lost anything, you just didn't gain anything

we're talking about loss here nothing else, yall can't even grasp that simple concept

you can't lose money you never had in the first place

the fact you don't understand proves you don't have the mentality to be a successul investor

 

[GatorStaceyAdams]

When you talking about stocks its true, you never lose any money unless the stock falls to zero, you can always just hold and average down and make your money back when it goes back up

The problem is these idiots think Bitcoin is an actual currency that will replace the dollar that's why they get there salary in bitcoin

nobody asks for their salary to paid in any stocks, most employees get stocks as bonuses

like the CEO of AMC, people think he's sold his stock because its going down and he wants to get out, but they don't realize he got all his stocks for free when he was hired as the CEO, and once he met a certain quota he's allowed to cash out the stocks, so if you have millions of dollars in stocks why wouldn't you cash them out

But that's kind of the point. The stock CAN fall to zero, at which point averaging down is simply losing even MORE money.

Case in point- Dean Foods.

In 2018, some investors told themselves-

"Hey, milk and cheese are staple items, they are SURE to get back to their 2017 levels"
"If I DCA at these 2018 levels, I will make a killing when things revert to the mean"

Fast forward to 2019 and BOOM- Company files Chapter 11. Equity holders wiped out and the remaining value went to the bond holders:

Long story short, in investing, what goes down does not necessarily have to come up.

 

[Ghost Utmost]

Crypto fans:

WE UNDERSTAND

Its up and down blah blah blah

Here's what y'all don't admit to

One day its gonna go all the way down just like Beanie Babies and the housing bubble.

One day BTC will just be worth whatever its worth. Which it is trading at multiple times that now.

The OP illustrates an L of great proportions. Don't try to clean it up. This is the kind of shyt that can happen if you're not nimble enough during this

bubble

 

[Dorian Breh]

That's not what opportunity cost

Opportunity cost are potential gains you could've realized, just because you missed out on gains doesn't mean you lost anything, you just didn't gain anything

we're talking about loss here nothing else, yall can't even grasp that simple concept

you can't lose money you never had in the first place

the fact you don't understand proves you don't have the mentality to be a successul investor

So opportunity cost only works in one direction, got it

 

[Master Teacher]

But that's kind of the point. The stock CAN fall to zero, at which point averaging down is simply losing even MORE money.

Case in point- Dean Foods.

In 2018, some investors told themselves-

"Hey, milk and cheese are staple items, they are SURE to get back to their 2017 levels"
"If I DCA at these 2018 levels, I will make a killing when things revert to the mean"

Fast forward to 2019 and BOOM- Company files Chapter 11. Equity holders wiped out and the remaining value went to the bond holders:

Long story short, in investing, what goes down does not necessarily have to come up.

I never said you can't lose money

But you have to LOSE IT FIRST

If it doesn't go to zero you haven't lost yet, so you can always make your money back and make profit

If you panic everytime an investment goes down and fell like you lost money, you don't have the mentality to be an investment

the reason why it's stupid to accept stocks or crypto was a salary is because the price can go to zero, and even if you make gains in the future, you might have to hold for years to see them, and life still goes on, you still have to eat, you still have to pay bills, unforeseen expenses etc

I was merely pointing out fact you don't lose money until it goes to zero

 

[Master Teacher]

So opportunity cost only works in one direction, got it

Opportunity cost is the lost of potential gain because you did one thing instead of another

Potential gains are not losses, and the key word is potential, you can only see this in hindsight so it doesn't matter

crying about what you should've did because you would've made something is pointless, you haven't loss anything yet

until the stock goes to zero you haven't lost anything, THIS IS THE REALITY, you don't even know what opportunity cost is

 

[BK The Great]

Warren Buffet would like a word with you

What works for him won’t work for everybody else. It’s still a risk. You got to be a total nutcase to put your entire life savings in crypto.

 

[SupaVillain]

when you made more money than OBJ
buddy straight, he prolly aint stressing tho

 

[Dorian Breh]

Opportunity cost is the lost of potential gain because you did one thing instead of another

Potential gains are not losses, and the key word is potential, you can only see this in hindsight so it doesn't matter

crying about what you should've did because you would've made something is pointless, you haven't loss anything yet

until the stock goes to zero you haven't lost anything, THIS IS THE REALITY, you don't even know what opportunity cost is

There is no difference between a potential loss and a potential gain, these are the same thing.

Whether you sell or not, you've already lost because you made a decision that decreased your value

Its not hindsight, you compare your total worth now vs your net worth before. If the investment has decreased this number, you lost money. Whether or not you sell.

 

[lib123]

"ItS NoT a LosS UnLesS you SeLl!"

I"ve worked in investments my entire life, and never heard this idiotic phrase used until the Crypto and WSB bro's gained an audience.

My takes:

• Its incredibly foolish to accept your salary in any form of speculative investment. And although CEO's are mostly paid off of stock options, at least they have some semblance of control on their performance.
• Just because something has ostensibly 'dipped' does not mean that it cannot fall even further. In other words, there is nothing preventing Bitcoin from falling to $10k. In which case selling at $35k would appear awfully prudent.

The Blac Youngsta School of Thought

 

[SupaVillain]

If they ever find a way to farm crypto economically its over for the dollar. Its still and risk but worth it mo.

government won't allow that to happen. If we all migrated from USD to bitcoin, the economy would topple the fukk over. that's why many smaller countries accepted because they are with the times and can handle the change in currency.

 

[Master Teacher]

There is no difference between a potential loss and a potential gain, these are the same thing.

Whether you sell or not, you've already lost because you made a decision that decreased your value

Its not hindsight, you compare your total worth now vs your net worth before. If the investment has decreased this number, you lost money. Whether or not you sell.

Potential LOSS IS NOT A LOSS, you haven't lost anything just like a potential gain isn't a LOSS, you haven't lossed again

You have to actually lose something for it to be a loss, and you haven't lost anything until a stock goes to zero

You fukking moron

Opportunity cost can be applied to anything, just like taking the train to work instead of driving

Or a farmer choosing to plant on crop instead of another

 

[ISO]

He did this when Bitcoin was at an ATH