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Re:Bitcoin study: Period of exclusivity encourages early ado... by rb808 on Thursday July 13, 2017 @06:08PM (#14765729)
BTC is great, you can't say there is no social value. Not only are people getting rich like you say but its also useful for stuff like buying drugs online and to get around pesky government money laundering regulations.
Re:Bitcoin study: Period of exclusivity encourages early ado... by AndrewBissell on Thursday July 13, 2017 @06:51PM (#14765988)
Or donating to organizations to which your government has severed other payment channels because they find them inconvenient. Or escaping bail-ins and bank holidays. Or skipping out on central bank attempts to force consumption and punish savings with negative interest rates and cash bans.
Re:Bitcoin study: Period of exclusivity encourages early ado... by TylerE on Thursday July 13, 2017 @09:36PM (#14766782)
Wealth isn't being created. For every person getting rich there's someone else buying in at the current price which is.... euphoric for a "digital commodity" with no inherent value.
Re:Bitcoin study: Period of exclusivity encourages early ado... by ahartman00 on Friday July 14, 2017 @05:18PM (#14773269)
"The greater fool theory is the theory that states it is possible to make money by buying securities, whether overvalued or not, and later selling them at a profit because there will always be someone (a bigger or greater fool) who is willing to pay the higher price"

http://www.investopedia.com/terms/g/greaterfooltheory.asp

Re:Bitcoin study: Period of exclusivity encourages early ado... by Frogolocalypse on Friday July 14, 2017 @03:01AM (#14768082)
The same logic could be applied to any forex purchase.
Re:Bitcoin study: Period of exclusivity encourages early ado... by TylerE on Friday July 14, 2017 @03:22PM (#14772447)
So? Forex is gambling.
Re:Bitcoin study: Period of exclusivity encourages early ado... by Frogolocalypse on Friday July 14, 2017 @08:54PM (#14774433)
what you call gambling other people call liquidity.