Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble

Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by chillacy on Monday October 18, 2021 @02:02AM (#28902689)

You use the word "value" in this comment to mean something different than the market price, but the definition isn't obvious to me. Maybe it's your personal values?

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Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by imtringued on Monday October 18, 2021 @03:25AM (#28903067)

It's called utility and it's the reason why we buy anything.

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Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by chillacy on Thursday October 21, 2021 @02:50PM (#28949245)

> it's the reason why we buy anything

You say it's 'the reason' which I'm not sure means 'the only reason' or 'a reason'.

If it's the former: How will crypto, let alone any collectable or sentimental item fit into this framework?

If it's the later, then yes, but utility varies by recipient and then there are other factors which play into price, especially in the short term.

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Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by 0x008 on Monday October 18, 2021 @03:34AM (#28903104)

What's the utility of paper money?

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