Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

WSHazel

(625 posts)

7. Owning crypto is simply buying correlated volatility

Reply to awesomerwb1 (Reply #1)

Tue Dec 2, 2025, 05:21 PM

16 hrs ago

This asset does not generate any cash flow, only has inherent value as a tool to launder money and pay criminals, and its high value violates virtually every tenet of portfolio theory. Its value at this point is because people want it to be valuable, but I guess you could say the same about Tesla.

Edit history

Please sign in to view edit histories.

Recommendations

1 members have recommended this reply (displayed in chronological order):

fujiyamasan

13 replies

= new reply since forum marked as read

Highlight:

Bitcoin Rout Picks Up Steam as Investors Fret Over a New 'Crypto Winter' [View all] Yo_Mama_Been_Loggin 17 hrs ago OP

Price right now is $91.5k up 6% awesomerwb1 17 hrs ago #1

Yes, as with any of these financial stories one day makes a big difference fujiyamasan 17 hrs ago #2

Yes, true awesomerwb1 17 hrs ago #3

Owning crypto is simply buying correlated volatility WSHazel 16 hrs ago #7

You might as well add gold, silver, etc. too. They don't generate anything either other than what people think it's SWBTATTReg 15 hrs ago #8

Gold and silver have always had inherent value RazorbackExpat 10 hrs ago #13

If I had my way its value would plummet to $0, and everyone who created it would be brought up on counterfeiting charges AZJonnie 17 hrs ago #4

I think of these "coins" as similar to Monopoly money get the red out 16 hrs ago #5

It's worse than that because every "coin" exists purely because energy was profligately WASTED AZJonnie 16 hrs ago #6

Anything mined before 2018 used very little energy... WarGamer 14 hrs ago #10

Fair enough but more recently it's usage is about the level of Poland, Norway, or Australia AZJonnie 12 hrs ago #12

I remember when it went from 60k to 20k... WarGamer 14 hrs ago #9

This is the currency our tech bro billionaires want to replace the American dollar. Midnight Writer 14 hrs ago #11