Kirk's Market Thoughts Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts

COHR 139.93

-10.7%

Nov 13 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sun Tzu who wrote (14949)	12/21/2022 2:29:12 PM
From: Hank Scorpio	Read Replies (1) of 26492

I don’t agree that it’s a fiat currency. Fiat is basically a derivative of something of tangible value. This is what I mean. Crypto doesn’t have this. I suppose one could argue that it’s a new paradigm and it has value because people accept it’s value. I can’t buy into that. I’ve seen currencies and stocks, supposedly backed by some of the strongest economies or earnings streams have their valuations questioned and seen those valuations go to zero at times. I don’t see how crypto currency can escape anything else when the valuation questions mount in the face of economic or political instability. In a nutshell I feel that the very thing touted as bitcoins strength is perhaps it’s most glaring weakness.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next