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Intrinsic value of Bitcoin being NIL and always NIL a good place...

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nippy

14,925 Posts.

899

05/07/24

19:59

Post #: 74632204
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Originally posted by 600mL: ↑

Strongly disagree, the markets got absolutely torched in March 2020.
Also, Bitcoin/CrYpTo an 'alternative asset class' the recent 'investors' are familiar with and alt coins and shitcoins have had huge volatility/losses.

I think it's a sloppy assertion to suggest the new generation of market participants haven't experienced volatility like the GFC (2008/09) and the Dotcom bust.

All these recent market participants know is wild price volatility and huge gains/losses. I don't think they even understand 'value' and they are swinging for the fences and are buoyed by market distortions like unconventional QE. +40% gains are normalised which IMO is crazy.

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Intrinsic value of Bitcoin being NIL and always NIL a good place to start....

Just saying.
2 Upvote

0 Great analysis

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