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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Klaus" data-source="post: 16790938" data-attributes="member: 190070"><p>Your car is not "worth" $30k. You may be able to sell it for $30k but it is not "worth" $30k. </p><p></p><p>A stock or a bond has actual value. Why? Because it generates cash flow and you have a claim on that cash flow. The multiple you pay for this cash flow changes but this is what derives value in stocks, bonds, or any other cash flowing asset. This is the intrinsic value of these assets. </p><p></p><p>BTC has no intrinsic value. Despite all of the hand waving of the bitcoin cult the only value it has is emotional value. This combined with the AMAZING ignorance of this crowd has created the phenomena. Most are young, lack experience, and are arrogant AF. This is the perfect recipe to lose money in markets.</p></blockquote><p></p>
[QUOTE="Klaus, post: 16790938, member: 190070"] Your car is not "worth" $30k. You may be able to sell it for $30k but it is not "worth" $30k. A stock or a bond has actual value. Why? Because it generates cash flow and you have a claim on that cash flow. The multiple you pay for this cash flow changes but this is what derives value in stocks, bonds, or any other cash flowing asset. This is the intrinsic value of these assets. BTC has no intrinsic value. Despite all of the hand waving of the bitcoin cult the only value it has is emotional value. This combined with the AMAZING ignorance of this crowd has created the phenomena. Most are young, lack experience, and are arrogant AF. This is the perfect recipe to lose money in markets. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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