[jariel]

Saying 'people can or cannot use it means that it's not a fundamental property' -> is not an argument.

Nobody has to use anything to value a stock - including current profits. Therefore even current profits would not be 'a fundamental property'.

And of course, nobody has to use any data or logic when valuing absolutely any financial asset anywhere, ergo - the statement is completely pointless.

Again: we value stock based on it's estimated book value, future earnings and other assessments. We can argue a little bit about all of that, fine, that's why we let the market decide.

BTC is just a fantasy speculation.

[ccortes]

> Nobody has to use anything to value a stock - including current profits. Therefore even current profits would not be 'a fundamental property'

Correct, so:

> A stock is valued based on the performance of it's actual profit generation.

Is incorrect. The correct sentence should be "Some times stock is valued based on the performance of it's actual profit generation."

> BTC is just a fantasy speculation.

Absolutely, jut like the stock of some companies.

[jariel]

"Anything can be valued at anything" is not an argument.

It's just some weird rhetoric you're using to somehow show a parallel between BTC and Stocks.

The material issue here is that stocks can be rationally valued by determining the underlying value of the implied asset ownership - and mostly are - whereas BTC cannot.

That someone can pay $1 Trillion for a pair of shoes, a BTC, or an Amazon shares is not relevant.