Right now, to my eyes, the liquidity in the cryptocoin market is driven by the speculators. There's a small number of enthusiasts who have sophisticated theories about rather complex technical uses....and a lot of folks who think it will make them zillionaires.
Which means that right now, yes, bitcoin is an excellent way to get money out of your mismanaged regime. But as anyone who lived through 2000 or 2007 knows, markets driven by speculative fervor can become illiquid astonishingly fast.
Of course, we still have houses, and internet companies. That's because people actually LIKE houses. They get real goods and services from firms.
What value does bitcoin offer people in stable, rich world regimes beyond speculation (or a hedge against practically nonexistent inflation?) If you can't answer that question, then you should be bearish on crypto.
Remember: there are no assets that are stores of value with literally no real-world uses. Even currency has the real-world use of "the government accepts this (and generally only this) for settlement of taxes".
Nigga I turned $4000 into $180,000 this year with crypto.
I now hold coins with like $4000 of my portfolio hoping for more 10x moon missions to add 40k on, again and again.
If my $4,000 goes to 0, fuck it I already made $176,000 off this market.
Do you fucking understand, you retarded fuck?
Luis Young
>post that bitcoin is speculation and literally nothing else >someone refutes that by giving an example of their successful speculation
way to miss the point
Mason Powell
This is all not to mention the fact that generating this *literally worthless* stuff is bad for the environment.
i couldn't think of a more civilization destroying mechanism if i tried.
Gavin Thompson
>practically non-existent USD is down -9% this year wat r u talking about
Aiden Sullivan
HANDS. LIKE. WATER.
Christian Ward
printing money and physical coins is actually way worse, do your own fucking research before making these posts.
Regarding the speculation, I can assure you that even though the current levels are decently high right now compared to a year ago, we haven't scratched the surface yet. If you compare the market cap of cyptocurrencies to other physical assets, you can see why people are so heavily interested in the space. The potential of real life use cases is limitless and I think that is why so many people are coming in every day.
Angel Barnes
BOILING. AT. 100ºC.
Nicholas Perez
Crypto is currently the only way to buy and sell drugs online. Because of that it has inherent value above what speculators give it.
