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
Well, the fiat money that you are holding right now has actually no realistic value either. You are an economist right? You know that. Value is actually imposed on these otherwise useless and worthless pieces of paper, exactly just like bitcoin. Value is present simply because we all agree to put value to it. And right now, as you can observe, the people are trusting bitcoin as reflected by the value it has.
But I share your point that virtually anyone can just make a coin. That will actually be a downside to the crypto nation.