The Soapbox

CharlestonSC

Joined: 09/20/2006 Posts: 7340
Likes: 6737


Bitcoin isn't a company, though ... it's essentially a collectible IMO


in the sense that it's basically worth whatever people who are interested in BTC say it's worth. Still kind of a greater fool situation, but there's no real metrics against which to judge it. A company has actual metrics by which we can judge the company. There needs to be SOME justification of why metrics aren't there (for instance, yes we're not profitable but we're growing market share). If a company has low revenue, low or no profit, low market share and no indication it may improve, what exactly is the basis for the company's underlying value?

(In response to this post by JohnHoo2)

Posted: 03/27/2024 at 12:29PM



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