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In reply to the discussion: Greenspan Says Bitcoin a Bubble Without Intrinsic Currency Value [View all]Major Nikon
(36,827 posts)50. You can say the same thing about any equity investment, including your home
If you leverage most of the value of your home with bank loans and the value goes down, your deed is worth no more more than the hypothetical stock certificate you mentioned and the exact same principles are involved.
Buying stock buys you equity. Buying a bitcoin does not buy you equity. That is the difference.
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Phew,...for a minute there I was picturing trying to drive with a glass jar in my back pocket.
Spitfire of ATJ
Dec 2013
#16
There are also lots of worthless currencies from countries that still exist
Art_from_Ark
Dec 2013
#41
You can say the same thing about any equity investment, including your home
Major Nikon
Dec 2013
#50
And Greenspan's solution to the housing bubble was to burn down the unsold houses.
longship
Dec 2013
#19