Hello dear fellows,
I'm an economist and I just want to give you a head up to sell all your coins before they get worthless.
Including Bitcoins.
Today there are over 750 cryptocoins in existence.
Because literally anyone, any team of people can design and create their own coins. Very easily with all the open source codes available.
So, if anyone can create any amount of their own coins.
Guess what the value of that coin will be on the market?
0.
It's value is zero.
It's literally worth less than water or the air you're breathing.
Once people start to realize this, that the coins have no realistic valuation, each and every single one of every coin will be worth NADA. 0. ZERO. NOTHING.
Enjoy the ride while it last, and get out fast.
Regards
Everything in life, besides air, food, and water, is only given value based on human perception anyways, so what's your point? Why should gold have value for that matter? It's because people give it value. Some might consider it inherently worthless. Why is the US Dollar or any other fiat currency valuable? Some government backs them up? Bitcoin is backed up by the people who give it value. Nobody can create any more bitcoin. The rest of the altcoins are irrelevant to some people. To some people they are not, which is why some altcoins have value while others don't. I don't argue with you there's a bubble, and I do suggest taking profits like I've done. I've taken $250,000 out in pure profit.. taken your advice, however that doesn't mean that they are all worthless because you say so.. the free market will decide.
Just because other companies try to make knockoff of mayonnaise, doesn't mean I'm going to buy them. Hellman's is the only brand I find to be "good tasting" ....