Post
Topic
Board Speculation
Re: This could be the bitcoin bears nightmare!
by
NotLambchop
on 09/12/2014, 22:26:37 UTC
About the real intrinsic value of 1 BTC, the question is:

How Much Money Is There on Earth?
...

No.  No more than it is the question to ask when trying to establish the "real intrinsic value" of a BTCeanie BTCaby.

If people held beanie babies as a store of wealth, a 'focal point', more can be made to the point where the flow expands. There are a limited number of Bitcoin that will ever exist, they are clearly far more precious

People do hold BTCeanie BTCabies as a store of wealth, educate yourself.  BTCeanie BTCabies and Bitcoin both exploit artificial scarcity as a marketing gimmick:
Quote
Beanie Babies began to emerge as popular collectibles in late 1995, and became a hot toy.[5] The company's strategy of deliberate scarcity, producing each new design in limited quantity, restricting individual store shipments to limited numbers of each design and regularly retiring designs, created a huge secondary market for the toys and increased their popularity and value as a collectible.
-- http://en.wikipedia.org/wiki/Beanie_Babies

True, the BTCeanie BTCubble has BTCurst long time ago, but then ...so did Bitcoin's Undecided