That advantage is an assumption not a fact... so it's a risk.
Fundamental value of Bitcoin
- Thread starter JackRab
- Start date
That advantage is an assumption not a fact... so it's a risk.
No it wasn't... it was started as a fundamental value theme.. like the threat title says.
Lol, you yourself
have argued that there is no fund value. That makes it philosophical discussion in my books.
No, I argued there is no fundamental value when bitcoin is only used as a trading gimmick to speculate on it's own rise and falls. There's a bit of philosophical thinking in there... But I want to know how to get to a fundamental value based on facts.
There can be a fundamental value if you look at it as a currency and determine how much of the transactions in bitcoin is for accessing goods and services.
I've read an article the other day where they linked it that way. They stated it's total value is about 20% of the transactional value, but I don't know if that transactional value is including exchange trading and moves in/out of USD/BTC.
The USD cash value is about 20% of USD transactional value as well apparently.
I still rather link it to a ratio of M2, which is a broader money measure, including deposits etc. Which in USD is about 70-80%.
Anyway, I would like to know how many bitcoins are used to actually purchase things... everything else is speculation IMO.
You really are that clueless.
Try using a credit card or ATM when systems are down. Or try using your cash .... when all stores are closed.
L
lovethetrade
No assumption, it's based on all the available historical evidence up until this point in time.
@lovethetrade It most certainly is an assumption. the historical evidence is that BTC appreciated and DEPRECIATED depending on the time frame. So by your saying "stored in an appreciating asset" is making an assumption.
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