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> If you knew the price would never increase or decrease you would cash out to move to more productive uses of your money. If the only reason you hold an asset
by throw0101a 5y ago
> If you knew the price would never increase or decrease you would cash out to move to more productive uses of your money.
If the only reason you hold an asset is you think the price will go up, aren't you subscribing to:
* https://en.wikipedia.org/wiki/Greater_fool_theory https://en.wikipedia.org/wiki/Greater_fool_theory
As opposed to holding an asset like AAPL (dividends) or AMZN (earnings growth), where in addition price growth I'm getting a share of future revenues/profits? What future revenues/profits am/will I be getting with BTC? (Or gold for that matter: which is why Buffett isn't into it.)