Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is not intended to be a stock. Blockchain has nothing to do with price
by
pushups44
on 19/05/2019, 06:12:02 UTC
Guys, Bitcoin is fundamentally flawed, we all know this yet we keep focusing on the price. Bitcoin was intended to be a p2p, cutting out the middle man, yet we treat it like a stock. If Bitcoin were to be a reporting company by god knows how, it'd have to file for reports, 10k's,  quarterly, anually, the whole 9 if you're familiar with the financial realm.
Bitcoin is not a fraud, it's the individuals (smart money/wall st) manipulating it for the greed of money.


Just because bitcoin is not a stock does not mean there can't be metrics to measure its value. The fact is its transaction volume keeps growing and it's finite or scarce. The argument that bitcoin should have a market cap comparable to gold is thus sound.