The fact that the asset grosses $90k (cash currency is an illusion created by governments as a means of exchange) from short term rental and I reinvest in other assets that have strong growth prospects, but I don’t sell them, makes my whole portfolio of assets illusionary? Like Donald Vanshitsinpants, I’m asset rich but cash poor. Unlike Vanshitsinpants, I can pay my bills.
That’s what makes the market. Different opinions on value
and how to store that value. You obviously believe a good store of value is cash in digital form. Others think a good store of value is rum or cowrie shells. I think a good store of value is an asset that grows in value, generates profit and provides a profit in digital currency form that I can use to buy food, shelter, toys, cowrie shells, rum and entertainment.
If you regard that as illusionary and holding that asset as illusionary profit, so be it.
The fact that the asset grosses $90k (cash currency is an...
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Last
$3.76 |
Change
0.050(1.35%) |
Mkt cap ! $11.31B | |||
| Open | High | Low | Value | Volume |
| $3.75 | $3.79 | $3.73 | $50.45M | 13.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24000 | $3.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.76 | 152553 | 3 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
$3.74 |
Change
0.050 ( 1.08 %) |
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| Open | High | Low | Volume | ||
| $3.76 | $3.79 | $3.74 | 4831203 | ||
| Last updated 15.59pm 06/06/2024 ? | |||||
| PLS (ASX) Chart |