View Single Post
Old 02-02-2018, 05:02 AM  
Klen
 
Klen's Avatar
 
Industry Role:
Join Date: Aug 2006
Location: Little Vienna
Posts: 32,235
Quote:
Originally Posted by InfoGuy View Post
You're comparing apples and oranges. Stocks (usually) represent shares in companies that have sales, profits and various assets with a tangible value. The intrinisic value of crypto is zero. When Bitcoin was at its $19k+ peak, its market value was absurd and greater than Walmart, the biggest retailer in the world.
That still does not change fact how stock value can skyrocket for no other reason but hype.
But i know what you saying here , how crypto does not have a "base" value when you remove value caused by hype. But the thing is, bitcoin was supposed to be an alternative payment system, not a investment currency.
Klen is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote