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To: FatherofFive

And that stock is worth no more than what somebody else is willing to buy it from you, or if the company is feeling generous and pays out dividends.

And no that dollar actually has NOTHING to do with the revenue stream of the producer. All a dollar is is a piece of paper with symbols on it that most of the world is willing to trade for goods and services.

For most purposes bitcoins are like stocks. If somebody is willing to buy it from you it has that value, if they aren’t it doesn’t. There’s also the theory of using it like money, but so far that still hasn’t gained traction.

My mom still has crap she bought with Green Stamps. They were an effective alternate currency in this country for decades.


37 posted on 05/22/2017 2:19:30 PM PDT by discostu (You are what you is, and that's all it is, you ain't what you're not, so see what you got.)
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To: discostu
For most purposes bitcoins are like stocks.

How so? A company produces products or services, sells them, and creates a revenue stream. What is the intrinsic value of a bitcoin?

43 posted on 05/22/2017 5:51:05 PM PDT by FatherofFive (Islam is EVIL and needs to be eradicated)
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