[adam_arthur]

Well, it has no intrinsic value, so it's all psychological on the basis of what numbers sound low or high.

Sounds like my kind of asset

[dav43]

Ditto. Just because people call it "an asset" doesn't make it one. It's not an asset. It's no more than a Ponzi scheme, just a complicated one at that.

[tasuki]

Why is bitcoin not an asset?

[AustinDev]

>>Well, it has no intrinsic value

Like nearly every other asset. 'Bitcoin is dead' has been said for over a decade now. We'll see what happens. I mined one of the first few thousand blocks. I don't think it's going anywhere unless civilization gets destroyed but that's just my opinion.

[adam_arthur]

> Like nearly every other asset.

Prove to me you know nothing about investing in one sentence. Bravo.

Plenty of assets cashflow and provide tangible value. Crypto is not one of them. Unless you consider yields from a lending ponzi to be sustainable