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All assets are hoped to be sold for a profit unless there's another factor involved such as sentimentality (e.g. art). The stock market is the same, people hope
by jasfi 5y ago
All assets are hoped to be sold for a profit unless there's another factor involved such as sentimentality (e.g. art). The stock market is the same, people hope to make a profit, and sometimes markets crash for no reason other than fear.
Besides a lot of people want to own and use crypto for whatever reason. This thing isn't going away unless it is regulated out of existence, and that is very much country specific. I believe the countries that outlaw crypto will eventually be very few, as that is the trend I've seen.
- danielmarkbruce 5y agoNope, many (probably the majority on a dollar weighted basis) assets are bought with the intention of holding them forever. The cashflows from said assets are the return. Rent from houses, dividends and buyback from stocks, coupon payments from bonds. And many reasonable people do their analysis of said assets assuming they'll hold forever, even if they know they will likely sell at some point.