So "number go up" is the reason it will continue to go up ad infinitum? That's the sum and substance of the economic argument for longer term ownership?
I don't think you know what intrinsic means. But do tell us more about your 2008 Lamborghini. Is it orange?
The same happens with the housing market. You need to start looking at bitcoin like digital property...waterfront property.
Firstly, this forum needs a multi-quote feature. Secondly, I took that intrinsic value meaning straight from gold lol. (it was a black Spyder)
I think gold, as a store of wealth, stood the test of time somewhat longer than digital currencies created out of thin air or puzzles. So perhaps an equivalence does not quite apply. Plus it has industrial application quite apart from its use in jewelry, which will not likely lose favor anytime soon. I don't know how to use the multi-quote feature.
Proven store of value? Look at how much gold wealth has deteriorated against bitcoin in just 3 years! Even with the large swings, with 3k in bitcoin a few years ago your investment would be worth 40k. If you put it in gold your investment would be worth only 6k up from 3k lol. The dinosaur logo should be put on the gold chart...
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This. Its a leap for some to realise that,in digital 2024,value isnt something that you can hold in your hand or look at.But thats the reality.On them to catch up.