Post
Topic
Board Economics
Re: Why Bitcoin will collapse in price.
by
deed02392
on 09/12/2013, 15:27:44 UTC
If Bitcoin has no value for you (as you said earlier), it doesn't mean the same for other people. I have already tried to explain you this, but you just said it was irrelevant. It may be irrelevant to you, but you simply can't just as easily dismiss the opinion of all those people who think otherwise. The world doesn't start at you, nor does it end at you...

I am glad that nothing (thing of no value) is rare. If it would be plentiful it might waste space (something). Now at the moment people pay something for nothing because they think tomorrow the nothing will be worth more something.

Now some say: I can transfer nothing cheaply. Well incurring something (cost) for sending nothing is a waste not a benefit.

Stop talking bullshit really. If you don't value something (thing of no value in your terms), it doesn't mean that everyone is of the same opinion. Is this really so hard to understand? It is the subjective value that ultimately matters here...

Something is thing of value. Nothing is thing of no value. (my terms).

You didnt explain why bitcoin is valuable! I explained to you why people want gold and dollar. You said bitcoin is rare and thus valuable. Well that is a description of its quantity not bitcoins value. If I say a deadly insect is rare do you think its valuable? Of course not.

Valuable means you can assign a value to it. If there are only 100 of these insects, I expect a museum might pay you for one, yes.