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.
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.
Costs are liabilities, not assets. Costs fall under the debt side of any accounting ledger.
Cryptocurrency is precisely a fiat currency. A binary code backed by hyperbole only.
It's not tangible, hence it is not real.
Cryptocurrencies are a volatile and unpredictable form of mney, hence the up and down in value.
I have spent the past 30 years transferring FRN's into tangible assets, real estate, and my real estate values have been consistently rising.
Modern Money Mechanics
Creature From Jekyll Island
Capitalist Conspiracy
Must read books to learn the difference between currencies and money.