The Stock Market, Investments, and Investing Thread
You can call it an investment or a store of value. Whatever, it's not backed by anything except belief. Would be worthless without exchange interface with the real economy.

According to Coinbase, total market cap of Bitcoin is $192 billion. That's around the total market cap of companies like Coca-Cola, Pepsi, Exxon, Cisco Systems, or Merck Pharmaceutical.

If I buy shares in any of those companies, I am buying a piece of their real estate, intellectual property, distribution networks. They will pay me dividends.

They own things, make things and sell things. Bitcoin does what?

If I buy Bitcoin, it may go up, it may go down. There are no economic fundamentals, assets, sales, or profits its value is anchored on. Only emotion.

Caveat emptor

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RE: The Stock Market, Investments, and Investing Thread - by OldSojer - 09-21-2020, 04:38 PM

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