Post
Topic
Board Economics
Re: Why Bitcoin will collapse in price.
by
flynn
on 09/12/2013, 17:54:41 UTC
Tullips (at they had some value) where once enormously expensive. Does that mean that Tulips where worth their price?

Of course, if you found someone to buy it.

Why would somebody buy nothing (bitcoin) for something (goods)?

In case of tulips, history has just proven that people did buy them.
In case of Biotcoins, it seems that they are buying them too.

You are just showing that markets are often irrational. Congratulations.

But here is the thing : they don't have to be rational.
Ok what's next ?