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Message: <blockquote data-quote="Mistwell" data-source="post: 8566679" data-attributes="member: 2525">I can't speak for NFTs or some forms of Crypto Currency. But I can say Bitcoin has had fairly stable valuations which are, oddly enough, very linked to stock market performance. My ordinary stocks go up and down virtually identically to my BitCoin (of which I own very little by the way). There are numerous articles on that topic from financial papers, and <a href="https://www.marketwatch.com/story/bitcoin-is-trading-in-tandem-with-stocks-this-chart-shows-that-relationship-as-markets-face-a-more-hawkish-fed-11641944180" target="_blank">here is one showing that Bitcoin moves in tandem with the S&P 500</a>. I've never heard anyone describe the S&P 500 in the same terms people here are describing Crypto however.  There is a good reason a lot of ordinary financial portfolios include a portion devoted to Bitcoin (and sometimes Ether), and it's not "highly volatile".A lot of people genuinely collect NFTs for the associated artwork and sometimes physical things which come with them. To say NFTs have no value because they're associated with digital artwork and that such digital artwork has no value because you could download it for free is pretty close to the "PDFs have no value because I can find them and download them for free" crowd. NFTs also come with a contract which is automatically triggered on transfer, and that often results in value which is other than the sale value as well. Over time I suspect it's that portion of the value which will become more important to industries over time.</blockquote>

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