OT: Ray, how's your Bitcoin investment going?

[verticaldoug]

Originally Posted by redir

TSLA can go to zero too or any other stock. The volume on BTC just the other day was $800 million dollars. It aint going to zero any time soon.

Two points:

1. Trading Volume is never a good indication of value of a commodity. Crypto is unregulated and if you strip out the amount of wash-trades to make volume, and then the number of trades backed by a stable-coin, how much hard currency is being traded is a much smaller.

2. Tesla could go to zero, but with little debt and with real tangible assets, the stock is not worth zero. In a bankruptcy workout, you'd get cash.