Re:It can all go to zero
by adamnemecek on Tuesday January 16, 2018 @07:13PM
(#16164220)
> Overvalued compared to its utility as a currency, which is what it ostensibly is.
It's not just a currency. It's part stock, part currency, part forex, part world of warcraft money, part political movement, part programming platform, part distributed database etc etc. Like the number of categories it fits into is a lot.
Ok talk about ethereum. Does ethereum have intrinsic value?
> Look at how many people are "investing" in it with no comprehension of what it is and what it does.
Is everyone investing into bitcoin speculating? Is possible that some people know what it is and still want to invest?
> But at the moment it is not a feasible thing with bitcoin.
That was an extreme example.
> Bitcoin is all hope, no real confidence, and no real utility (at present).
Ok, lets talk about other crypto.
> You asked about bitcoin, I answered about bitcoin.
OK can you answer the same questions for other cryptos not just Bitcoin?
It's not just a currency. It's part stock, part currency, part forex, part world of warcraft money, part political movement, part programming platform, part distributed database etc etc. Like the number of categories it fits into is a lot.
Ok talk about ethereum. Does ethereum have intrinsic value?
> Look at how many people are "investing" in it with no comprehension of what it is and what it does.
Is everyone investing into bitcoin speculating? Is possible that some people know what it is and still want to invest?
> But at the moment it is not a feasible thing with bitcoin.
That was an extreme example.
> Bitcoin is all hope, no real confidence, and no real utility (at present).
Ok, lets talk about other crypto.
> You asked about bitcoin, I answered about bitcoin.
OK can you answer the same questions for other cryptos not just Bitcoin?