Stock Market Thread

[HAULN-SS]

Late to post, but I know a good amount about Bitcoin. The price of gold fluctuated wildly immediately after the dollar was taken off the gold standard. Eventually the trade in actual gold came to more or less a halt, and people had gold that wanted it. It has more or less kept pace with inflation at some intrinsic value that doesn't mean shit except to what the believers think it should be. I think that this is sort of what is going to happen with bitcoin. You have a limited supply store of value, that is intended to be deflationary at approximately 4 percent a year. Eventually it will stabilize at a value of what people think it should be worth. I won't pretend to know what that dollar figure is, but it's not there yet.

Keep in mind, probably 1/3 of previously mined bitcoin is already lost forever. Own one. You'll do alright, and won't lose your house if it shits the bed.