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When bitcoin loses 50% of it's value, people say that's the proof it was an obvious scam and people woke up. When Nvidia does that, it's just markets...
by 21 8y ago
When bitcoin loses 50% of it's value, people say that's the proof it was an obvious scam and people woke up.
When Nvidia does that, it's just markets...
- rconti 8y agoThe difference is, in the Nvidia example, it IS just the markets, valuing a company that produces actual physical products, and sells them for billions of dollars. The market is a vague guesstimate of what the actual company will do in the future. When it's bitcoin, the product's value is literally equal to the market price.
- chrisco255 8y agoTechnically, the value of ANYTHING is its market price RIGHT NOW. Everything else is speculation.
- rconti 8y agoCool, then check the market price of an Nvidia video card rather than their stock price.