Row 35519

Row ID: 35519 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 35519 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

What is bitcoin?

Is it a currency? Then I expect it to have stability, and be useful as a medium of exchange. The extreme volatility of crypto, and the fact that I don’t know anyone who has bought something with bitcoin and I don’t know anyone who knows anyone who has, so it’s not a currency, at least not a useful one. And even if it were currencies aren’t investments, I don’t have a portion of my portfolio in Euro as a hedge against the dollar, it wouldn’t make sense.

Okay, so then should it be part of the cash(or bond) portion of my portfolio? Well it doesn’t pay regular interest, or have a stabilizing effect on a portfolio, so it’s inappropriate here.

We’re left with comparing it to a stock, ownership in an actual company, my investment grows with the measurable growth of the companies I invest in. Bitcoin has no intrinsic value, so its price as a stock would be, and will forever be, $0, so it’s not comparable to a stock.

It’s not a currency, it’s not cash, it doesn’t have intrinsic value, it’s 100% pure speculation. It is the greater fools theory put into practice for the 21st century, the hope that some other sucker will buy it for more than I bought it. As such, it has no place in my portfolio, nor should it have a place in yours.

FieldValue
text What is bitcoin? Is it a currency? Then I expect it to have stability, and be useful as a medium of exchange. The extreme volatility of crypto, and the fact that I don’t know anyone who has bought something with bitcoin and I don’t know anyone who knows anyone who has, so it’s not a currency, at least not a useful one. And even if it were currencies aren’t investments, I don’t have a portion of my portfolio in Euro as a hedge against the dollar, it wouldn’t make sense. Okay, so then should …
label r/investing
dataType comment
communityName r/investing
datetime 2024-05-21
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url_encoded Z0FBQUFBQm5Lak9ZM1c4Q1hDWjliaUljNWlXclFJc0NFX0FzNmE4MTZPMlZfSjd3UENzS0xFU2lKTVYtYnZvUGFaREZvQjlXUmd6UW1ORHJDaU11Y080bW1VeWNxQm1TTDRzeGRxbkhLeEZqczV5eFZTLVI3NThEdGJKZF9TamVLTHpueVZ5cnFvNUZ0QlZpd2JJMllkMWtaajZjZ1Fkbjd2bUE4NUFSM0pfX2tFX044NlVxNTVQSU54Y3ItV196VnpkcUotRkpSTVly

Raw Record

{
  "text": "What is bitcoin?\n\nIs it a currency?  Then I expect it to have stability, and be useful as a medium of exchange.  The extreme volatility of crypto, and the fact that I don’t know anyone who has bought something with bitcoin and I don’t know anyone who knows anyone who has, so it’s not a currency, at least not a useful one.  And even if it were currencies aren’t investments, I don’t have a portion of my portfolio in Euro as a hedge against the dollar, it wouldn’t make sense.\n\nOkay, so then should it be part of the cash(or bond) portion of my portfolio?  Well it doesn’t pay regular interest, or have a stabilizing effect on a portfolio, so it’s inappropriate here.\n\nWe’re left with comparing it to a stock, ownership in an actual company, my investment grows with the measurable growth of the companies I invest in.  Bitcoin has no intrinsic value, so its price as a stock would be, and will forever be, $0, so it’s not comparable to a stock.\n\nIt’s not a currency, it’s not cash, it doesn’t have intrinsic value, it’s 100% pure speculation.  It is the greater fools theory put into practice for the 21st century, the hope that some other sucker will buy it for more than I bought it.  As such, it has no place in my portfolio, nor should it have a place in yours.",
  "label": "r/investing",
  "dataType": "comment",
  "communityName": "r/investing",
  "datetime": "2024-05-21",
  "username_encoded": "Z0FBQUFBQm5Lak1KT1VNb1RkV0JtdUdXMl9GckhTSm1tNHROWlpNODUxSzZBdTRqUnlNMGFQSUdBT05RZWVHY2NBWlJYQUtlVWV6anBFZ2pWNkR3cEF6U2pvUnp4enNlZVE9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9ZM1c4Q1hDWjliaUljNWlXclFJc0NFX0FzNmE4MTZPMlZfSjd3UENzS0xFU2lKTVYtYnZvUGFaREZvQjlXUmd6UW1ORHJDaU11Y080bW1VeWNxQm1TTDRzeGRxbkhLeEZqczV5eFZTLVI3NThEdGJKZF9TamVLTHpueVZ5cnFvNUZ0QlZpd2JJMllkMWtaajZjZ1Fkbjd2bUE4NUFSM0pfX2tFX044NlVxNTVQSU54Y3ItV196VnpkcUotRkpSTVly"
}
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