Quote:
Originally Posted by Roof-Daddy
I get that, but I just don't care at all personally.
It has enough intrinsic value to last 15 years and force it's perceived value to outperform pretty much every other asset on the planet in that time.
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Bitcoin has zero intrinsic value and there’s no perceived value either. Everyone who puts their money into Bitcoin does so solely with the hope they’ll be able to sell it for more than they bought for. That’s it. That’s the equation.
Bitcoin has no value at all. The only thing it has is its exchange listings registering the last traded $ amount. There’s no real analysis possible as to why its $ went up or down.
It didn’t have a poor quarterly earnings report. It didn’t have a product recall. It didn’t release a revolutionary new product. It didn’t acquire or get acquired by a competitor. It didn’t have an unemployment report. It didn’t have a military invasion. It didn’t have a swing in GDP, debt or interest rates.
It went up because fiat was moved into the market. It went down because fiat was moved out of the market. (Or some combination of trade in or out with other crypto)