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A comment on Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000. Parent comment

Re:Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000 by hyprCoin on Friday December 22, 2017 @03:20PM (#15990585)
Bitcoin's value prop is a store of wealth and it's an entryway (through exchanges) to far more interesting coins.

Crypto is also a stock market 2.0, where bitcoin is an index fund.

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Re:Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000 by vasilipupkin on Friday December 22, 2017 @03:22PM (#15990596)
Noooooooooo. Bitcoin is not the stock market. It's more like a commodity
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Re:Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000 by hyprCoin on Friday December 22, 2017 @03:43PM (#15990733)
Being able to exchange btc for other coins makes it like a stock market. BTC is also a commodity. It is also a speculative investment into the lightning network. It is also a hedge against fiat currency.

BTC is many things and it causes confusion amongst people trying to determine where the value comes from. It took me many years to figure this out, unfortunately.

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