Fundamental value of Bitcoin

lovethetrade said:
No assumption, it's based on all the available historical evidence up until this point in time.
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Officially you should put a disclaimer with that...

Something like: "Past performance may not be indicative of future results. Therefore, nobody should assume that the future performance will be profitable or equal to corresponding indicated performance levels"

... o no, you're basically saying that the past performance IS perfect as a guideline for the future ... I guess it's okay than... sign me up Scotty!

I could throw another piece of historical evidence in there... they are called tulip bulbs...
 
sss12 said:
@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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Context is everything.

HK3V7gIh
 
JP Morgan's Dimon:


"It's worse than tulip bulbs. It won't end well. Someone is going to get killed," Dimon said at a banking industry conference organized by Barclays. "Currencies have legal support. It will blow up."

Dimon also said he'd "fire in a second" any JPMorgan trader who was trading bitcoin, noting two reasons: "It's against our rules and they are stupid."

Bitcoin fell to its session lows after Dimon's comments. As of 3:01 p.m. in New York, bitcoin traded at $4,106.23, down 2 percent.

Dimon's criticism comes at a time when some of the most well-known figures on Wall Street are starting to embrace the cryptocurrency. Fundstrat's Tom Lee said he sees bitcoin surging to $6,000 next yearand value investor Bill Miller reportedly owns bitcoin."
 
https://www.inc.com/brian-d-evans/jamie-dimon-is-afraid-bitcoin-crypto-and-blockchai.html

According to the Department of Justice of the United States, JPMorgan plead guilty to conspiring to manipulate the price of the U.S. dollar. In recent news, the JPMorgan CEO Jamie Dimon has publicly denounced Bitcoin as a "fraud."

Upon further investigation, I found out that JPMorgan itself had filed (175 times) for a "Bitcoin-Alternative" patent. It did not get the patent.

Another interesting fact, JPMorgan which Jamie Dimon is the CEO of, is a public member of the Enterprise Ethereum Alliance. Ethereum has a cryptocurrency like Bitcoin called Ether, but more importantly has a platform to host decentralized apps.

Ethereum is the 2nd most valuable cryptocurrency in the world in terms of overall market cap.
 
Here4money said:
Upon further investigation, I found out that JPMorgan itself had filed (175 times) for a "Bitcoin-Alternative" patent. It did not get the patent.

Another interesting fact, JPMorgan which Jamie Dimon is the CEO of, is a public member of the Enterprise Ethereum Alliance. Ethereum has a cryptocurrency like Bitcoin called Ether, but more importantly has a platform to host decentralized apps.
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This has to do with JPM (and other banks) getting involved in the blockchain technology side to use that in their own systems.
 
Bitcoin back at $3000 is otherwise known as discount Friday....

Interesting tidbit:

"John McAfee helped when He said it cost 1,000 USD To mine one Bitcoin, that information was excellent."

Supposedly that is just the energy bill. That is a lots of waste, if one asks me...
 
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