Post
Topic
Board Economics
Re: Does Bitcoin had a back up by real money?
by
Goroshik
on 13/08/2018, 20:42:06 UTC
I just wonder how bitcoin really works on local exchange around the world because if you will going to need a real money and you have bitcoin definitely you can sell your bitcoin and exchange it with real money in your local to be used. Well if all people around the world would exchange their bitcoin holdings is it possible because bitcoin is being back up by real money?
If everyone sell bitcoin, than somebody will buy it. And no, crypto currencies don't have gold backup.