I'm neither a fan nor a hater. But it is clear that Bitcoin produces nothing! It's just a currency, nothing more
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@Aminmeskini I understand what you mean 🤔 but gold doesn't produce anything either. Sure, you can process gold into something like jewelry or you can build it into technical devices, but you can also do that digitally on a blockchain or through payment transactions with Bitcoin. I'm detaching myself from the discussion about whether or not Bitcoin produces anything by simply seeing Bitcoin as a store of value 😂 This gives me peace of mind
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@hendrik_lmr the "produce nothing" thing alludes again and again to the issue of intrinsic value.
Bitcoin has intrinsic properties that make it valuable. Just like gold.
Cash flow is not something inherent in an asset. You can't buy a property with cash flow just gushing out of the letterbox. At least I haven't seen a property that can do that :D
You have to rent out the property, which comes with risks and opportunity costs, to get cash flow.
In the same way, I could lend out my Bitcoin and thus receive cash flow - but I have to take a risk. The lack of cash flow and thus intrinsic value in Bitcoin is not a bug, but a feature.
Bitcoin has intrinsic properties that make it valuable. Just like gold.
Cash flow is not something inherent in an asset. You can't buy a property with cash flow just gushing out of the letterbox. At least I haven't seen a property that can do that :D
You have to rent out the property, which comes with risks and opportunity costs, to get cash flow.
In the same way, I could lend out my Bitcoin and thus receive cash flow - but I have to take a risk. The lack of cash flow and thus intrinsic value in Bitcoin is not a bug, but a feature.
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@hendrik_lmr AI does not work without gold and silver. Gold also has a property as a material that makes it indispensable. It can only be destroyed/decomposed by aqua regia. Bitcoin is a means of payment whose value is identified by a group, unfortunately nothing more. However, the value is indeed an apples and oranges comparison.
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•@stefan_21 if you have no real estate, you have to pay rent for one. So a property is an asset that produces and, above all, is vital and you can't do without it under any circumstances, which is not the case with Bitcoin
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@Aminmeskini Exactly, you pay someone to let you use their property. In return, the landlord has risks and cannot use the property himself in the meantime. A property produces nothing. As I said, the cash flow comes from taking a risk - which would be similar to lending in the case of Bitcoin.
The "vitality" of a property is a characteristic that makes real estate valuable. Just like the absolute scarcity, resistance to censorship, divisibility, fungibility, counterfeit protection, etc. of Bitcoin :)
The "vitality" of a property is a characteristic that makes real estate valuable. Just like the absolute scarcity, resistance to censorship, divisibility, fungibility, counterfeit protection, etc. of Bitcoin :)
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@stefan_21 I briefly considered joining the discussion. And then I thought to myself "nooooo ... that's too exhausting and won't lead to anything". Good luck to you, young Padawan
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•@DonkeyInvestor I can understand😂 I had lunch with my colleagues yesterday and two of them kept laughing about how stupid people are who buy Bitcoin because it has no intrinsic value and is "backed by nothing".
I took a deep breath and asked myself whether I should open the barrel now... Then I thought to myself, I'll leave it alone because it won't lead to anything😅
I took a deep breath and asked myself whether I should open the barrel now... Then I thought to myself, I'll leave it alone because it won't lead to anything😅
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•Thank goodness we are so different 🙏 and you can earn money in different ways 😁 I prefer to use shares rather than Bitcoin
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