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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16665853" data-attributes="member: 137766"><p>Already answered: Most people don't hold it for that purpose, they hold it like a stock.</p><p></p><p>What determines the value of an asset? In a company you have all the physical and intellectual property, and a certain amount that is intangible, that varies by asset for many reasons. </p><p></p><p>For example, Microsoft, they have the physical footprint, intellectual property and intangible. Why intangible? Because people put value on innovation and track record.</p><p></p><p>BTC = 100% intangible, how is that determined, by price discovery trading. What is left if people decide they don't like it for any reason at all: NOTHING.</p><p></p><p>That is why equating BTC as a store of value like gold is a joke. Price discovery of gold is thousands of years and has many uses.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16665853, member: 137766"] Already answered: Most people don't hold it for that purpose, they hold it like a stock. What determines the value of an asset? In a company you have all the physical and intellectual property, and a certain amount that is intangible, that varies by asset for many reasons. For example, Microsoft, they have the physical footprint, intellectual property and intangible. Why intangible? Because people put value on innovation and track record. BTC = 100% intangible, how is that determined, by price discovery trading. What is left if people decide they don't like it for any reason at all: NOTHING. That is why equating BTC as a store of value like gold is a joke. Price discovery of gold is thousands of years and has many uses. [/QUOTE]
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