Posted by dhermesc on December 13, 2017 at 08:02:19 from (24.248.193.103):
In Reply to: Bitcoin questions posted by jocco on December 12, 2017 at 12:16:22:
They are like Pok�mon cards with about as much thought going into the value. When my kids were younger I don't know how many cards they showed me that were "worth" $200, $500, and $1000. For some reason they never could quite sell them for that.
Same way, back in the late 1990s we all heard the future was in online companies and anything with ".com" in their name on the Nasdaq was bid to unbelievable price levels. Companies that had never produced a product or paid a dividend were worth millions - until the bubble popped and literally trillions in investments disappeared over the course of a few months.
Now we have bit coins. A least with the .com stock you has paper you could burn for heat or to use for toilet paper - bit coin doesn't even have that value.
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