Post
Topic
Board Bitcoin Discussion
Re: Is the current market value of BTC justified?
by
drakegon
on 23/12/2017, 14:45:18 UTC
It seems now that BTC and many of the main cryptos are our of reach for a majority of people. It’s become a speculative disaster waiting to happen. A peer to peer decentralised form of payment now left in the hands of 2 individuals who own more than 40% of it and an ever increasing and  volatile price which makes transacting in BTC for goods and services practically impossible. It’s fair to assume that satoshi would be appaled by what is taking  place.

I strongly believe it is! Bitcoin is found in every exchange. If you want to buy Ripple you have to buy Bitcoin first. If you want to buy Ethereum, in most cases, you have to buy Bitcoin first. Also some stores accept BTC, so, I think the market is justified. Specially with the increase in news coverage.