Isn’t Bitcoin just a speculative investment?
What is the business model of Bitcoin; how does it have value?
I’m.no stock analyst, but, my rudimentary understanding is that the stock value of a company is based on whatever hard assets the company owns, and also based on expectations of future financial performance as the business operates.
How does Bitcoin fit into such valuation standards? And if it doesn’t fit it, isn’t investing in Bitcoin just a roll of the dice?
yes...
Ponzi scheme
“What is the business model of Bitcoin; how does it have value?”
Just like what makes gold valuable. The rarity and mostly the amount of effort it takes to mine it dictates it’s value. But unlike gold which always maintains a stable purchasing power, digital currency is vulnerable to it’s own popularity market value.
Having been involved with the precious metal mining culture all my life I never fell for this bitcoin thing. Mining physical metals is already risky and speculative enough and it actually has stable purchasing power compared to all other currencies. Digital non-physical?
Not me... Far too many times now the rate has dropped below what it costs for the computing power and electricity to mine them.