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> Nobody has to use anything to value a stock - including current profits. Therefore even current profits would not be 'a fundamental property' Correct, so: >
by ccortes 5y ago
> Nobody has to use anything to value a stock - including current profits. Therefore even current profits would not be 'a fundamental property'
Correct, so:
> A stock is valued based on the performance of it's actual profit generation.
Is incorrect. The correct sentence should be "Some times stock is valued based on the performance of it's actual profit generation."
> BTC is just a fantasy speculation.
Absolutely, jut like the stock of some companies.
- jariel 5y ago"Anything can be valued at anything" is not an argument. It's just some weird rhetoric you're using to somehow show a parallel between BTC and Stocks. The material issue here is that stocks can be rationally valued by determining the underlying value of the implied asset ownership - and mostly are - whereas BTC cannot. That someone can pay $1 Trillion for a pair of shoes, a BTC, or an Amazon shares is not relevant.