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. It has intrinsic value as a decentralized form of payment, potentially anonymous and tamper-proof.
It may well drop from whatever high it will reach and not recover but by then plenty of early adopters will have made plenty of money and those arriving late will be the bagholders
mell says. It has intrinsic value as a decentralized form of payment, potentially anonymous and tamper-proof.
Wouldn't that be extrinsic value?
Bitcoin has as much intrinsic value as the paper dollar it's valued in.
it depends on others having a use for the raw material similar to others having a use for the bitcoin.
it's just one part of the asset basket mix, a more speculative and volatile than gold or land
mell saysit depends on others having a use for the raw material similar to others having a use for the bitcoin.
What are the uses of bitcoin? Paying off ransoms? Laundering money? Hoping that someone, someday, will pay a lot more than you did?
Onvacation saysmell saysOnvacation saysit depends on others having a use for the raw material similar to others having a use for the bitcoin.
What are the uses of bitcoin?mell saysit depends on others having a use for the raw material similar to others having a use for the bitcoin.
What are the uses of bitcoin?
Just take a look. Its digital gold. Obviously!
Tell us more about "market cap".
a good idea
Wow! The mooch had a good idea! invested 182M into Bitcoin! Smart man!
@Blue, why dont you start? If you get all these institutions to invest in your crypto, I might invest in it too.
Wake us up when you had some success. good luck!
the market cap is bigger
Market capitalization of Toyota (TM) Market cap: $209.03 B As of December 2020 Toyota has a market cap of $209.03 B.This makes Toyota the world's 38th most valuable company. If you own a share of Toyota you own a piece of Toyota's assets.
What do you own when you own a bitcoin?
What do you own when you own a bitcoin?
Onvacation says
What do you own when you own a bitcoin?
just scroll up. Onvacation already answered that question:
"Holders (HODLer's) own gold."
Its almost correct. Say digital gold or gold 2.0 next time.
Wookie posted the chart that shows the traits of money. Bitcoin is much better than the old gold.
Bitcoin is digital gold.
What do you own when you own a bitcoin?
What questions havent I answered??
At 92.8 terawatt hours annualized, bitcoin’s power consumption is slightly ahead of Pakistan’s consumption in 2016, and not wildly away from the Netherlands’ consumption that year. Put a different way, the electricity consumed by minting bitcoin could power all the tea kettles in Britain for 21 years.
Two-thirds of bitcoin production is done out of China. More than half of China’s energy output comes from coal, so the bitcoin production is likely to be particularly dirty.
It's unsustainable. Just sayin'
Buffett believes that Bitcoin has no underlying value. As a value investor, Buffett invests in companies that are undervalued, produce stable and recurring cash flow and have the ability to increase in book value. To Buffett, Bitcoin doesn’t produce earnings or dividends. Rather, the value of Bitcoin is simply what one person is willing to pay for it. In this regard, Bitcoin is no different than the tulip craze of 1637. Therefore, Buffett believes that Bitcoin has no inherent value.
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https://www.vox.com/2018/4/24/17275202/bitcoin-scam-cryptocurrency-mining-pump-dump-fraud-ico-value