Post
Topic
Board Bitcoin Discussion
Re: Prove Bitcoin is not a bubble
by
Ahimoth
on 23/08/2018, 23:13:11 UTC
Bitcoin gives you ownership of nothing (a stock gives you ownership of tangible assets)
Bitcoin gives you no right to future payments (bonds give you the right to payments)
Bitcoin gives you no patents or trademarks
Bitcoin gives you no legal rights

I like it how limited your understanding of the world is.
Bitcoin gives you ownership of a Bitcoin, it's that simple. You hold BTC, you hold the value in your hand, just like when you're holding a piece of valuable art. You know that some people are willing to pay a lot of money for it and that's it. One day that piece of art may be worth nothing just because you won't be able to find people willing to buy it, even though everyone knows that it used to be valued at 1000 USD for instance. That's the risk each of us has to take every day.
Bonds don't give you the right to a payment. They give you a promise of a payment, which is much different. Promises can be broken.
We are the living testimony of how great bitcoin is because we already experience its goodness. Well I can really testify what bitcoin has brought into my life. It gives me a lot of opportunities from the very start and it really helps me to have a better living. It is not bubble for it will give you what you expected and it will not disappoint you.