Comment on Selling BTC or not..?

• Sludgeyy@lemmy.world ⁨1⁩ ⁨day⁩ ago

  A corporation is an entity

  It has assets and profit tied to it. The “share” is a share of that.

  Is a share worth it is debatable. But the share is a physical piece of the corporation

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  • gazter@aussie.zone ⁨23⁩ ⁨hours⁩ ago

    The way I understand it, a physical asset is something you can see and touch, like a house or a hammer. There’s things that a share gives me that BTC does not, but ultimately they are more similar to each other than to something like a physical chunk of gold or a silo full of grain.

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    • Sludgeyy@lemmy.world ⁨15⁩ ⁨hours⁩ ago

      Yes that’s a physical asset.

      Silo full of grain is known as a future or a commodity. I might not have the Silo or the grain physically in my possession, but my note says that I own it.

      BTC is a commodity and commodities are very similar to stocks

      BTC just isn’t backed by anything

      source