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A comment on Bitcoin Is Acting Like Just Another Tech Stock. Parent comment

Re:Bitcoin Is Acting Like Just Another Tech Stock by MBCook on Wednesday May 11, 2022 @10:21PM (#31348526)
> also doesn't do any of the things that people talk up as reasons to buy it

Which is ironic because every time it fails to do that people come up with a new raison d’être.

Cash replacement, ownership ledger, replacement for the existence of fiat, probably a ton more.

Pseudo-gold/store of value is just one of the more recent ones.

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Re:Bitcoin Is Acting Like Just Another Tech Stock by boppo1 on Wednesday May 11, 2022 @10:57PM (#31348779)
It hasn't failed for anyone following a moderately informed buy-and-hold strategy. I bought some bitcoin in August '17 and thought 'we'll see in ten years'. It has remained greener than any of my other investments.
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Re:Bitcoin Is Acting Like Just Another Tech Stock by hammyhavoc on Thursday May 12, 2022 @05:48AM (#31351503)
That's the thing though. The utility is what informs the perceived long-term value. It isn't meant to be an investment, it is meant to be a currency. Beanie Babies weren't a currency or an investment, they were a toy.
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