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.
Indeed he is correct. we can characterize an incentive for anything at all in this world. The estimation of bitcoin is only a definition forced on the coin. For what reason will we purchase numbers and a few decimals with such a gigantic some of dollar? Why the crypto showcase is raising a large number of dollar? Its all since we have characterized it to have the esteem it has and that will never show signs of change.