Quote from: websoftwareengineer on July 31, 2018, 02:28:35 PM

Quote from: Virtual miner on July 30, 2018, 10:12:44 AM

Quote from: Ciremik on February 13, 2018, 12:14:06 AM

People believe bitcoin is backed by nothing. I think that is not the truth. I believe bitcoin is actually backed by people themselves. It is backed by none other than just you. We all witnessed the price has been fluctuating by all those FUDs and bad news. The price changes by emotion and non logical facts. I believe you hold bitcoin no matter what happened and would happen, and believe it is backed by all of us, it would make a history. Cool

Yes, I agree with you. Bitcoin is backed by the people investing in it. The price of any cryptocurrency is highly influenced by the people holding it known as its community. This is truer in the case of Bitcoin. There are many cryptocurrencies being launched every day but Bitcoin is still ruling the cryptocurrency market. This is mainly because Bitcoin enjoys great support from its community.

No matter how many times bitcoins will be announced as dead, bitcoins will still grow because the market prices are volatile so you can always assure that you will be earning profit depending on the season.

That is very normal and we are observing sch activities from people for a long long time, but I am also sure that such false news will not bring any effect on bitcoin. In fact people are giving a very good support to bitcoin which is making bitcoin more and stronger.