You are viewing a single comment's thread from:

RE: Is it possible to find Bitcoin's intrinsic value?

in #bitcoin7 years ago

I can't help but feel that your missing the entire point of Bitcoin. While its true a currency must be something you are able to purchase things with A store of value only needs to be fungible enough to transfer in exchange for goods and services or other assets including currency. There is most certainly a large amount of people invested in Bitcoin for short term speculative reasons and are quick to exit when they get nervous. However many of us see the intrinsic value of the very limited quantity along with the Immutable ledger characteristic maintained by a large network as what provides the high valuation. Perhaps if you think of Bitcoin as a bearer bond you might be able to understand the true momentum behind this investment. With interest rates so low that you actually lose money in savings and Certificates of deposits. With Real Estate and Equities at overvalued levels due to monetary policy. Things begin to look differently. The current value means very little to me other than a buying opportunity when it goes lower. I believe as more people understand this they will come to the same conclusions which will inevitably lead to increased valuation. The bad press only brings attention to it and eventually people will begin to understand it.

Coin Marketplace

STEEM 0.26
TRX 0.20
JST 0.038
BTC 94819.33
ETH 3557.02
USDT 1.00
SBD 3.79