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u can convert it to USD, so it must have some value or else people wouldn't buy it
by buboard 7y ago
u can convert it to USD, so it must have some value or else people wouldn't buy it
- benj111 7y agoYes it has value you can trade a bitcoin for $5k/$10k/$20k whatever the exchange rate is at this moment. That isn't intrinsic value though. From Wikipedia: "In finance, intrinsic value refers to the value of a company, stock, currency or product determined through fundamental analysis without reference to its market value." https://en.m.wikipedia.org/wiki/Intrinsic_value_(finance) https://en.m.wikipedia.org/wiki/Intrinsic_value_(finance)
- buboard 7y agoalright my bad. i meant some value that is not tied to an underlying asset. But equating it with a scam like e-gold is not valid either. (and no currency or investment commodity has value that is anywhere near its intrinsic value)