I don’t think anyone knows where it’s going to go from here. Obviously people invested would like to see it go up. Then there are people that feel indifferent about it, and some who want it to fail.
All I know is if you had invested $100 in 2010 and forgotten about it, you would be able to trade it in today for 60,000,000 very real, United States dollars.
No, I completely understand it. It is not hard specie money. Know what that is? Currency is not money. Hard specie money is gold or silver coin, backed by gold or silver. Absolutely NOTHING backs bitcoin. Hyperbole has driven the "price" up.
If cryptocurrency had value backing it, it would be called cryptomoney.
Seriously how can code of one's and zero's have any value? It cannot, ever.
You might want to educate yourself on money vs. currency. Let me help.
Modern Money Mechanics.
Creature From Jekyll Island.
I don’t think anyone knows where it’s going to go from here. Obviously people invested would like to see it go up. Then there are people that feel indifferent about it, and some who want it to fail.
All I know is if you had invested $100 in 2010 and forgotten about it, you would be able to trade it in today for 60,000,000 very real, United States dollars.
There’s nothing imaginary about that.
WHAT backs it beside hyperbole? What commodity backs this? Name one, please.
It IS imaginary. many people will be screwed!
Want to know what has REAL tangible value? REAL estate.
No, not houses.....dirt. Acres of it.
Bitcoin was sold via hyperbole, period.
Because of my REAL Estate holdings, I have been inundated about bitcoin....for years. No thanks! I love the feel of dirt! Can't feel a bit coin.
I don't think you understand cryptocurrency tbh. Do you think there is value in a digital trustless value transfer mechanism?
No, I completely understand it. It is not hard specie money. Know what that is? Currency is not money. Hard specie money is gold or silver coin, backed by gold or silver. Absolutely NOTHING backs bitcoin. Hyperbole has driven the "price" up.
If cryptocurrency had value backing it, it would be called cryptomoney.
Seriously how can code of one's and zero's have any value? It cannot, ever.
You might want to educate yourself on money vs. currency. Let me help.
Modern Money Mechanics. Creature From Jekyll Island.
Both available in pdf.