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This doesn't make any sense to me or at least doesn't answer the question "why bitcoin?" Gold doesn't have the same curve as BTC. Neither does pretty much any
by jayd16 6y ago
This doesn't make any sense to me or at least doesn't answer the question "why bitcoin?"
Gold doesn't have the same curve as BTC. Neither does pretty much anything else. Why has Bitcoin alone gone up 20% in the last month?
- hn_throwaway_99 6y agoI think it's easier to understand BTC valuation (and, indeed, many individual stocks, e.g. see what happened to Hertz earlier this year) if you think of it like an MMO game instead of an asset that is valued based on some analysis of discounted future cash flows. When an asset has so much volatility, many people are just gambling on when they can get in and get out, underlying fundamentals be damned.
- notJim 6y agoBetter marketing?