JorgeStolfi
Hero Member
*****
Offline Offline

Activity: 910
Merit: 1002



View Profile Personal Message (Offline)

Ignore
November 04, 2015, 05:42:13 PM

no no no AAPL or WMT do not have the same potential as bitcoin.

AAPL is valued because Apple makes products that people want, so each share pays out dividends (or becomes a share of a bigger capital).  AAPL is unlikely to go to 1,000,000 $/share bcause it is unlikely that Apple will make a product THAT good.  One can speculate with AAPL shares, and a speculative bubble may well push the price a lot higher that their fundamental price -- but only for a while, eventually it gets corrected back.

Bitcoin (sorry for repeating) has does not make any products and does pay dividends.  It can be used as a currency, but so could be Litecoin or any of an infinite supply of altcoins; and the "fundamental" price supported by that use shoudl be down in the single digits.  So its current price is entirely speculative.

I fail to see how a financial instrument that has less productive potential than AAPL can have more chance of getting getting "to the moon" and staying there...