26-03-2023, 11:25 AM
(26-03-2023, 09:55 AM)MysteriousWeeb420 Wrote: Price movement is not a scam.
Are Tesla stock and Meta stock scams. Was the entire market in 2008 a scam?
OK So now you no longer contend that "someone paying" alone proves value, you have moved to a second argument.
Which is: "OK Bitcoin is worthless, but so is everything else." (subtype: stock)
Unfortunately for crypto ethusiasts, stocks have something that sets them apart. Which is: these companies have earnings, or at least the potential of earnings.
Their profitability might looks something like this
Yes there are droughts but when earnings pour in, now suddenly owners of that company have something of value (cash). Which is why it makes sense to be a company owner a.k.a. shareholder.
Since Bitcoin will never have any "earnings," then it makes no sense to compare it to a stock.
So this is already argument #2 that is commonly cited yet refuted by the almighty Nevenka Slavkovic-Buster (my real name).
