<story><title>Hertz, the original meme stock, is turning out to be worthless</title><url>https://www.bloomberg.com/news/articles/2021-03-02/hertz-the-original-meme-stock-is-turning-out-to-be-worthless</url></story><parent_chain><item><author>airstrike</author><text>BTC is not a stock so I really don&amp;#x27;t follow why people keep treating it like it has some underlying value</text></item><item><author>tacheiordache</author><text>GME is not bankrupt yet (it is indeed overpriced and comparable to HRTZ), but TSLA and BTC? They don&amp;#x27;t belong to the same categories. TSLA and BTC will see a lot of gains to come. Eventually without a definite date what goes up comes down but it&amp;#x27;d be silly to not take a piece of the pie yourself and keep your savings in cash...</text></item><item><author>VHRanger</author><text>Obviously?&lt;p&gt;The company was bankrupt.&lt;p&gt;People who bought HRTZ after bankruptcy had to have known it was a game of financial musical chairs, much like GME, TSLA or BTC.</text></item></parent_chain><comment><author>NickM</author><text>It sort of has underlying value, in that owning bitcoin lets you write entries in an extraordinarily inefficient append-only database.&lt;p&gt;(It seems clear to me that this isn&amp;#x27;t a valuable enough capability to justify the current price of BTC, but I guess that&amp;#x27;s a separate discussion.)</text></comment>
<story><title>Hertz, the original meme stock, is turning out to be worthless</title><url>https://www.bloomberg.com/news/articles/2021-03-02/hertz-the-original-meme-stock-is-turning-out-to-be-worthless</url></story><parent_chain><item><author>airstrike</author><text>BTC is not a stock so I really don&amp;#x27;t follow why people keep treating it like it has some underlying value</text></item><item><author>tacheiordache</author><text>GME is not bankrupt yet (it is indeed overpriced and comparable to HRTZ), but TSLA and BTC? They don&amp;#x27;t belong to the same categories. TSLA and BTC will see a lot of gains to come. Eventually without a definite date what goes up comes down but it&amp;#x27;d be silly to not take a piece of the pie yourself and keep your savings in cash...</text></item><item><author>VHRanger</author><text>Obviously?&lt;p&gt;The company was bankrupt.&lt;p&gt;People who bought HRTZ after bankruptcy had to have known it was a game of financial musical chairs, much like GME, TSLA or BTC.</text></item></parent_chain><comment><author>rsynnott</author><text>I mean, there&amp;#x27;s an argument for viewing Tesla and Gamestop similar to bitcoin; they clearly have _some_ underlying value, but it seems largely secondary to hype-induced valuation.</text></comment>