How to value Bitcoin

Discussion in 'Crypto Assets' started by johnarb, Apr 20, 2021.

  1. Tradex

    Tradex

    Understand this, then:

    1: Crypto is NOT a currency, it's just a bunch of numbers created by a freaking machine by some supposedly anonymous computer guy (Satoshi something, yeah right, whatever...).

    2: It is not backed up by anything. This alone should scare you to death.

    3: It will enslave us all. For this you will have to do your own research (unless you are already a member of their "club"...)

    Enough said.
     
    Last edited: Apr 20, 2021
    #21     Apr 20, 2021
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  2. Overnight

    Overnight

    There is music for it.

     
    #22     Apr 20, 2021
    Tradex likes this.
  3. johnarb

    johnarb

    You don't have to invest in bitcoin, just like you may not be invested in Apple stock or Gold or bonds, but bitcoin has a lot of value even if not for you

    The OP is a list of what makes bitcoin very valuable. It's a disruptive technology that is creating havoc in legacy industries

    In addition to the points on the OP, bitcoin is also a collateral asset used in a nascent lending/borrowing industry

    And in addition again, bitcoin is also a digital investment asset, i.e. Microstrategy, Square, NYDIG, Goldman Sachs, Morgan Stanley, Fidelity, Paul Tudor Jones...
     
    #23     Apr 20, 2021
  4. Tradex

    Tradex

    Right on the money.
     
    #24     Apr 20, 2021
  5. Overnight

    Overnight

    Out of curiosity, you ever watch a show called "Max Headroom?" Either the American or British version? Asking for a friend.
     
    #25     Apr 20, 2021
  6. johnarb

    johnarb

    Sorry no, but it sounds familiar like something I've seen somewhere. I should google it, lol
     
    #26     Apr 20, 2021
  7. johnarb

    johnarb

    #HaveFunStayingPoorTradex [​IMG] [​IMG] [​IMG] [​IMG] [​IMG]


    [​IMG]
     
    #27     Apr 20, 2021
  8. Tradex

    Tradex


    Right, like I have to wait for some bullshit (satanic is the right word...) crypto "money" to extract money from the market, on a daily basis.
     
    Last edited: Apr 21, 2021
    #28     Apr 20, 2021
  9. Peter8519

    Peter8519

    Just curious what had happened to the 650K bitcoin stolen from Mt. Gox?
    Mt. Gox - Wikipedia
     
    #29     Apr 21, 2021
    johnarb likes this.
  10. Wait until the shills find a way to convince you otherwise...

     
    #30     Apr 21, 2021
    d08 likes this.