Post
Topic
Board Economics
Re: Bitcoin value
by
BartS
on 05/08/2018, 15:44:48 UTC
I will try to answer your important question, whether it is a Game or not. 
Bitcoin is an asset, a tool in the hands of wealthy investors, (whales) it is a way to earn even more than they have. Or is it a means to lower the price and bankrupt everyone they want.
If we talk about other stocks and assets, there are laws that regulate the price movement. If there is a drop of 20-25% of the asset, all the market is closed, trading is stopped. And in the crypto-currency exchange, there is no such principle. Accordingly, for Whales is a great way to earn. )))
And you want those rules that are against the free market to be implemented? Because I do not, look I know that looking at your investment losing that kind of value is never easy but we cannot stop the flow of cryptocurrencies because that goes against its nature, bitcoin was created to allow you to have access to your money 24/7 without having to ask the permission of any third party, this will be very important when in the future banks go in a bank holiday to avoid bankruptcy, and now you want the same for bitcoin, that is simply not going to happen.