Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is like cancer-pill, almost worthless
by
freightjoe
on 13/02/2018, 11:57:39 UTC
Most of the crypto price consists of speculative value. I'm sure that 95% of people involved would never invest in bitcoin or altcoins if they knew the price would be fixed. Hence, cancer pills of certain brand (which would be in limited supply despite the ingredient being open source) would be valuable if you could trade them online and make money flipping them with easy access available to everyone. People love gambling, stock markets, penny stocks, online casionos, sports betting are all blossoming and there's a lot of speculation hungry money in the world.


And by this you also say that Bitcoin is in essence worthless - and only holds whichever low price people emotionally attach to it - like the price of old pokemon cards