Re:Bitcoin drops below $18,300 as sell-off accelerates
by benj111 on Saturday June 18, 2022 @05:25PM
(#31793971)
Personally I'm not /rooting/ for it to go to zero. I just don't see how you can value it.
The fact that it's worth $20k is as arbitrary as $60k.
When it was a toy and people were buying pizzas with it I can sort of understand that as a bit of fun, but beyond that I just don't see the value. And if there isn't value it's just pure speculation hoping there's a bigger fool than you so you can take a profit.
Housing and stocks at least have something tangible behind them. You may disagree about the correct value, but it is most of the time non zero.
When it was a toy and people were buying pizzas with it I can sort of understand that as a bit of fun, but beyond that I just don't see the value. And if there isn't value it's just pure speculation hoping there's a bigger fool than you so you can take a profit.
Housing and stocks at least have something tangible behind them. You may disagree about the correct value, but it is most of the time non zero.