Why you can’t cash out part 1: Bitcoin’s “price” is largely fictional

Re:Why you can’t cash out part 1: Bitcoin’s “price” is large... by hndamien on Sunday December 17, 2017 @11:46PM (#15949499)

This isn't entirely true. If secondary market trades increase the value of the stock then the company can sell some of their stock to get more funding, or can borrow at better terms.

Similarly, buying and holding Bitcoin has a range of effects that help the network and generate real wealth. Bitcoin is a services company, a payment network, a bank, and investment vehicle, a reflection of wealth in that economy, a notary, a liberated, sound money and a protest - all disguised as a get rich quick scheme.

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Re:Why you can’t cash out part 1: Bitcoin’s “price” is large... by njarboe on Monday December 18, 2017 @12:42AM (#15949679)

Almost no companies today are selling stock to grow the company. Tesla is a big exception. Somehow we have gotten to a place where there is lots of capital wanting to invest in something that will make returns, but few people/companies wanting to work with large sums of capital to try new business ideas.

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Re:Why you can’t cash out part 1: Bitcoin’s “price” is large... by JumpCrisscross on Monday December 18, 2017 @08:59AM (#15951605)

> Almost no companies today are selling stock to grow the company

Public market performance influences IPO performance. IPO performance directly knocks on future managements’ decisions around going public or raising a private round. The performance of those moves influences early-stage capital availability through multiple channels. Equity markets, broadly, are complicated, but they are an essential component to fuelling firm creation and growth.

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