You realize your entire thesis unravels as soon as you realize there’s nothing from stopping more cryptos from being created. The techies can “print money” too by creating more crypto currencies. There’s nothing proprietary that stops people from new coin offerings. Do you think bitcoin would retain it’s value when there’s 100 other currencies to choose from?
Using something to store value implies it’s rare and stable in value. Bitcoin is neither rare nor stable. People are working on creating more currencies as we speak.
GBTC is now over 3450, and Bitcoin is only 18600. The premium is now 100%. Should I sell it or keep it? I sold some last week when it was 50% premium. Now too afraid to sell
Correct, you are too late for giving such suggestions ! Too bad !! You should have encouraged me/us at the start of 2017. would have put all my net worth !! I would have become…multi-millionaire now
If bitcoin were what pundits are claiming it to be then its never too late! How is it late when it’s going to $1M per coin when it’s only $20k right now??? A total bargain!
Talk like manch?
Need a lesson on valuation of revenue-generating/ income producing assets vs commodity assets?
manch read up on this apparently, ref his WB post but didn’t thank me because he feels I’m being nasty to him
Bitcoin hasn’t exhausted its potential market yet. It still has room to go up. I think its addressable market is men aged between 20 and 40. Women are much wiser and I suspect they are far less likely to buy bitcoins.