The Rokslide Stock Traders Thread

[aftriathlete]

BTC can only store as much value as someone else is willing to buy it from you for.

Similar to gold, but at least gold can be made and used in other things. BTC no so much. It’s a speculation play, one that has made people rich, but let’s not confuse it for what it is.


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From that article I linked: “Bitcoin is a high-risk asset that mostly trades on vibes, and it has no fundamentals. In many ways, that makes the cryptocurrency the ideal asset to create a bubble since it can theoretically be pumped forever. There's no real basis to claim it's overvalued or undervalued.”

 

[DAOutfitters208]

Has anyone here looked into NASDAQ: ZI? Read a positive review elsewhere and am doing more research.

 

[2531usmc]

From that article I linked: “Bitcoin is a high-risk asset that mostly trades on vibes, and it has no fundamentals. In many ways, that makes the cryptocurrency the ideal asset to create a bubble since it can theoretically be pumped forever. There's no real basis to claim it's overvalued or undervalued.”

One one hand, the govt is destroying the value of the dollar, so we’re looking for a store of value in btc. But on the other hand, I think buying btc is simply buying a software algorithm that has zero intrinsic value. Time will tell…