Bitcoin
Bitcoin
Out of context: Reply #1384
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- shaft3
One thing that has changed is that more people realised there is no utilitarian value in BTC. It is nothing. It's no commodity, it's not even useful to pay with.
It's nothing but a speculative asset only held by people hodling to it. You've known this for a time, but it's how all those pyramid schemes are built: you know it's a scam but hope you got in early enough and someone else will get burned.
This is not to say it will not skyrocket again, or that an actual use for it will not be discovered.
I'm just saying it's nothing but hot air from a million GPUs.
- truthMilan
- Good thing I only spent around $40 on Dogecoins, lol. I'll hold on to it till Dec/Jan just in case.Maaku
- @shaft +1Krassy
- I don't think anyone really cared about real world use, it was just the idea that it was going to keep going up in value.yuekit
- And now that the price has stagnated, suddenly everyone is less enthusiastic about its future. Even though logically there's no real connection.yuekit
- truth ... and what I've been saying all alongmonospaced
- @yuekit, that is the actual definition of a bubble you just wrotemonospaced
- In Venezuela, where inflation has made their currency (BOLIVAR) worthless, citizens use bitcoins as a currency that is more 'stable'.hotroddy
- If you have irresponsible gov'ts, than there is real use scenarios.hotroddy
- things where more serious after the 2014 bubble. there was a real question whether crypto will survive or not. this time, however savage the market is,drgs
- we kind of know there will be a new ponzi scheme bubbledrgs
- crypto is a game of musical chairs, the last one to sell is the loser. I sense there will be new roundsdrgs
- In some parts of South America US$ is used as currency. They accept $ in Cambodia too. I presume it might be illegal in Venezuela.shaft
- not illegal. hard to gethotroddy
- just buy actual stocksscarabin_net