cryptocurrency

[HippoNipple]

The argument that BTC is a bad investment is one thing but the complete denial that it has worth today is low IQ. It might not have worth tomorrow but today the market says otherwise.

[derpcake2]

Originally Posted by HippoNipple [You must be logged in to view images. Log in or Register.]

The argument that BTC is a bad investment is one thing but the complete denial that it has worth today is low IQ. It might not have worth tomorrow but today the market says otherwise.

You are confusing something which is being promoted by the people that are selling it or grabbing a commission on transactions, with actual value.

We've seen this story with the penny stocks in the Wolf of Wall Street.

It is all about creating perceived value, generating income through transactions and commissions, and not giving a fuck about the people that will eventually end up empty-handed after the bubble pops.

I'm sure the technology has value, but people aren't buying the technology, so this means nothing currently.

[HippoNipple]

Originally Posted by derpcake2 [You must be logged in to view images. Log in or Register.]

You are confusing something which is being promoted by the people that are selling it or grabbing a commission on transactions, with actual value.

We've seen this story with the penny stocks in the Wolf of Wall Street.

It is all about creating perceived value, generating income through transactions and commissions, and not giving a fuck about the people that will eventually end up empty-handed after the bubble pops.

I'm sure the technology has value, but people aren't buying the technology, so this means nothing currently.

If you wanted to today, you could go buy 100 BTC and then tomorrow sell it and get your $$ back. I'm not confusing it with anything. A penny stock runs into issues with liquidity but BTC has plenty of liquidity. I know exactly what I am talking about.

You can not like BTC for any reason you want but you would be brain dead to not buy 1 bitcoin at $3000 right now if you could since you could liquidate it for $13k in a matter of seconds. You are arguing book value vs market value, all BTC is market value.