I've just watched the John Oliver show about cryptocurrencies and something struck me about what he said:
" like most currencies, the fundamental reason that bitcoin has value is that people agree that it has value"
I just want to know your thoughts on this. I only have a little understanding about the idea of currency and its value although i've already been at it all my life. Im new into this kind currency and right now its plumetting.
Bitcoin value it changes everytime it is not permanent nit like a paper money it's value is permanent and stable
I do not agree with this opinion, the value of bitcoin does not change essentially, the changes in prices that we observe are the result of the work of market manipulators, as for the value of paper money, here the whole question about what money is involved? there are many currencies that lose their value instantaneously depending on the political and economic situation of their countries. So John Oliver is completely right.