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222

This article just shows you that it's all based on hype... they should call it pseudocurency.

This article just shows you that it's all based on hype... they should call it pseudocurency.

(post is archived)

[–] 2 pts

I have news for you buddy, most stock valuations are the same way. It's been quite some time since fundamentals mattered. Price to earnings ratio? Totally irrelevant. Only hype matters.

Most stocks are valued on growth, earnings, book value (assets), P/E and other indicators. These companies make tangible products an/or provide services, which in essence are tangible.... Cryptocurrency has no underlying value, tangible or intrinsic.

You're blowing smoke out your ass, try not to look stupid.

[–] 1 pt

Shut up faggot. I'm not even deep in crypto. You sound like a boomer. Tell me that PLTR valuation is based on fundamentals. It's been preordained for growth. Kikes run the markets end to end.

Just watched Buttcoin drop $5k in 30 minutes... lol.

[–] 0 pt

You're blowing smoke out your ass, try not to look stupid.

      Most stocks are valued on growth, earnings, book value (assets), P/E and other indicators. These companies make tangible products an/or provide services, which in essence are tangible.... Cryptocurrency has no underlying value, tangible or intrinsic.

You're blowing smoke out your ass, try not to look stupid.

[–] 2 pts

all based on hype

Well, the monetary principles behind Bitcoin are more sound than the Modern Monetary Theory behind Western banking. Even metal-backed currencies are dependent on hype, people have to have faith in them for them to function.

Well, the monetary principles behind Bitcoin are more sound than the Modern Monetary Theory behind Western banking.

Another bold statement, and nothing to back it up.

Even metal-backed currencies are dependent on hype, people have to have faith in them for them to function.

Metal is tangible and has intrinsic value... you can actually make stuff from it, which is amazing.

[–] 1 pt

Musk FUD. We all did something horrible in a former life to deserve such a fate as this world as punishment.

[–] 1 pt

Price dip: this may actually be a good time to buy BTC.