4 ms·

Any real world uses don't really justify the price though. I bet it would be >90% cheaper without speculation.

• chrisco255 5y ago
  That's true of every asset class, from real estate to stocks.
  • thebean11 5y ago
    Doubt. Stocks would not be 90% cheaper if they were valued as a series of time-discounted and risk-adjusted future cash flows.
    • chrisco255 5y ago
      Of course they would. The speculation of future growth and sustained growth is built into the price of all stocks. And if you think that's wild wait until you learn about derivatives.
      • thebean11 5y ago
        I guess on a super literal level, predicting future cash flows based on past cash flows is "speculation", but certainly not in the same way that derivatives are.
• henvic 5y ago
  It might be the case, and if it is it means that in the worst case, you'd still have 10%, which is more than the nothing that a 100% speculative asset has.