Quote from: fullhdpixel on July 03, 2018, 07:10:57 AM

Quote from: lodi123 on April 01, 2018, 05:29:04 AM

Quote from: the maker on April 01, 2018, 05:25:02 AM

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

Paper money has a permanent stable rate of its own but when the currency is compared with some other foreign exchange the rates differ massively but not as fluctuating as bitcoins , also if bitcoin gets centralized or standardized we might see the same effect with bitcoins as well , it will then only have difference between foreign exchanges and no ups and downs of its own , maybe then we will be able to use it as a valid currency till then its investors heaven.

That could really happen. That's why I don't really see volatility as a huge hindrance towards mass adoptions. Those whales are just extracting all the profits they can get from bitcoin before it happens. Maybe if bitcoin goes $500k, stabilization will happen.