Is this a trick question? Because it has no intrinsic value and it's price is completely speculative?
Is it worth $0.0000001?
Is it worth $100000000?
That's completely up to the market!
Everyone in the stock market knows there's risk associated with it and investing in most stocks includes some speculation - at least betting that the books are not cooked or that the whole thing is complete not a scam [cnbc.com] like Hometown International which was valued at more than $100M in spite of its only asset being a single deli that did just $35K in sales over a two year period.
However, shares in a company correspond to ownership in a real, concrete entity -- generally possessing assets such as real estate, patents, equipment, brand value, anticipated future profit stream etc. Of course it is true, just as it is true if you own a mom-and-pop auto repair shop, that a business you own stock in may go bankrupt because their business model is flawed (perhaps demand for mechanical calculators plunged when electronic ones became available and the company didn't foresee the shift and didn't or couldn't become competitive in the electronic calculator market) but that's a risk each investor should be evaluating for themselves. Of course the price of many/most stocks will oscillate along with the economy but that's because of real market factors such as weaker players may not survive a recession so get hit badly and even strong players may see a substantial decline in profits or even start losing money which many impair their ability to expand to take advantage of the demand rebound after the recession is over.
On the other hand, there is nothing of concrete value behind Bitcoin.
Even if you have non voting shares you still are entitled to assets. If you buy 10% of the shares in a company with $1m of gold then if the company was purchased you would be entitled to 10% of the sale price assuming they had no liabilities.
This has happened to me a few times. Not Gold but the patents and factories etc were acquired and I had cold hard cash deposited in my account relative to my shares.
I also own some dividend stocks which pretty much pass 100% of their profits out as dividends and the sto
After all, what fool wouldn't accept bitcoin in payment despite any shit in the speculative market?
A fool who actually wants his payment now, as opposed to an hour from now, maybe, possibly, if the buyer isn't double-spending from his purchase fifteen minutes ago.
Or a fool who wants his payment for a chicken to be worth a chicken tomorrow, or a week from now. Before any Anoynmous Shitconners mash "reply" to pound out some dumbfuck gibberish about inflation: Shut the fuck up, you're utterly embarrassing to read. I can guarantee you if you gave me enough US Dollars to buy a chicken on the 1st of April, I'd
In any problem, if you find yourself doing an infinite amount of work,
the answer may be obtained by inspection.
Ummm.... (Score:5, Informative)
Is it worth $0.0000001?
Is it worth $100000000?
That's completely up to the market!
Re: (Score:0)
So did you also ask the same question when:
https://en.wikipedia.org/wiki/... [wikipedia.org]
from October 9, 2007 to March 9, 2009, during the financial crisis of 2007â"2009. The S&P 500 lost approximately 50% of its value
the Dow Jones Industrial Average (DJIA) had fallen 20%
Then you don't understand what you're talking about.
Re:Ummm.... (Score:5, Insightful)
Everyone in the stock market knows there's risk associated with it and investing in most stocks includes some speculation - at least betting that the books are not cooked or that the whole thing is complete not a scam [cnbc.com] like Hometown International which was valued at more than $100M in spite of its only asset being a single deli that did just $35K in sales over a two year period.
However, shares in a company correspond to ownership in a real, concrete entity -- generally possessing assets such as real estate, patents, equipment, brand value, anticipated future profit stream etc. Of course it is true, just as it is true if you own a mom-and-pop auto repair shop, that a business you own stock in may go bankrupt because their business model is flawed (perhaps demand for mechanical calculators plunged when electronic ones became available and the company didn't foresee the shift and didn't or couldn't become competitive in the electronic calculator market) but that's a risk each investor should be evaluating for themselves. Of course the price of many/most stocks will oscillate along with the economy but that's because of real market factors such as weaker players may not survive a recession so get hit badly and even strong players may see a substantial decline in profits or even start losing money which many impair their ability to expand to take advantage of the demand rebound after the recession is over.
On the other hand, there is nothing of concrete value behind Bitcoin.
Re: (Score:3)
Even if you have non voting shares you still are entitled to assets. If you buy 10% of the shares in a company with $1m of gold then if the company was purchased you would be entitled to 10% of the sale price assuming they had no liabilities.
This has happened to me a few times. Not Gold but the patents and factories etc were acquired and I had cold hard cash deposited in my account relative to my shares.
I also own some dividend stocks which pretty much pass 100% of their profits out as dividends and the sto
Re: (Score:1)
After all, what fool wouldn't accept bitcoin in payment despite any shit in the speculative market?
A fool who actually wants his payment now, as opposed to an hour from now, maybe, possibly, if the buyer isn't double-spending from his purchase fifteen minutes ago.
Or a fool who wants his payment for a chicken to be worth a chicken tomorrow, or a week from now. Before any Anoynmous Shitconners mash "reply" to pound out some dumbfuck gibberish about inflation: Shut the fuck up, you're utterly embarrassing to read. I can guarantee you if you gave me enough US Dollars to buy a chicken on the 1st of April, I'd