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saucy88

498 Posts.

176

02/08/20

08:36

Post #: 46243352
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Originally posted by goldbear77: ↑

agree @CleverEmu

i said to my lawyer - who was a bitcoin fanatic - once i saw the investment banks open up those crypto derivatives exchanges in chicago - get out on the initial push up. they pumped it from 8-20k to sucker the rubes

imo the underlying tech/concept is highly valuable but each coin is in fact just a wallet - a very very expensive wallet

the fact you can go from 1 to 100+ crypto currencies tells you it isnt a true store of value - even if each one puts dispersion limits on itself like BTC has done

attach the tech to a true store of value - whether gold or even something prosaic as say copper - and you have got something

BTC's worth as the pre-eminent brand platform is definitely worth something. though ive no idea what.

but its actual intrinsic value as a currency is dubious at best - until it gets attached to something with along history of relatively stable value.

chart wise i anticipate it going back to $2300 - correlated with a bear trend in the broad equity market

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bitcoin is attached to every good and service it can be exchanged for. it needs no further attachment than that.

add up all you can buy with bitcoin now and into the future discounted to their present value, factor in the expansion of the base currency for example USD, and that's the value of bitcoin.

Price at posting: 0.0001 Sentiment: Buy Disclosure: Held
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0 Great analysis

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Bitcoin Charts, page-226

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Bitcoin Charts, page-226

Top Stories

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

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Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

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