Re: Discuss bitcoin up, down and sideways,High drama amidst low prices
Like many people, Ive long regarded bitcoins rise with both wonder and confusion. To help me make sense of it, I started calling cryptocurrency experts and academics to ask, is bitcoin just a dumb bubble, like 17th-century tulip bulbs? An investment hedge, like gold? A currency, like dollars? The answers I got werent satisfyingly unanimous. I heard all of the above and none of the above and nobody knows for sure, yet.?
I think academics still cannot grasp the concept of bitcoin, since it related to many major (computer science, economics, and finance)
About bubble or not: https://www.youtube.com/watch?v=ZceJMFXm57s
It's P2P electronic cash system: https://bitcoin.org/bitcoin.pdf
Of course electronic money that has limited supply, so robust, and secure will increase in value. Thinking about dollar without no inflation (limited supply) surely its value will increase dramatically compared to fiat.
