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b_b · 4226 days ago · link · · parent · post: Bitcoin loses 44% of its value in one day. Dropping from over $250 to around $150
The "true" value of bit coin is close to nothing. It lacks purchasing power and doesn't pay a dividend. For it to have a (psuedo) share price value north of most large companies is a real head scratcher. Sure, its purchasing power could increase in the future, but until then you're buying a fantasy.