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Investments just require an expectation that they will rise in cost. Think baseball cards - they don't "do" anything or really have any value, but there's a pat
by cookingrobot 14y ago
Investments just require an expectation that they will rise in cost. Think baseball cards - they don't "do" anything or really have any value, but there's a pattern that rare commodities rise in cost over time. Bitcoin was engineered to stay a relatively rare commodity.
Stocks are the same. The value of a stock is really only it's dividend, and many stocks don't (or can't) pay much. The cost has little to do with the value.