Quote from: peteresw on June 17, 2020, 10:59:27 AM

Quote from: rnold142 on June 17, 2020, 10:56:02 AM

Quote from: thomasjohn768 on June 17, 2020, 10:52:01 AM

Quote from: rnold142 on June 17, 2020, 10:48:04 AM

Quote from: peteresw on June 17, 2020, 10:45:20 AM

Many talk about the beneficial effect of coronavirus on Bitcoin. For example, Tom Lee, the co-founder of Fundstrat Global Advisors, said that the coin will rise in price by the end of this year to $40,000 due to halving, epidemic and geopolitical instability in the Middle East.

all those billionaires have different opinions and we shouldnt listen to them because they are rich.

we shouldnt listen to them because they are rich, we should listen to them because of the reason why they are rich: they know how to make money.

well listen to this - Warren Buffett thinks that the value of cryptocurrencies is zero. still think we should listen to those people?

well, I agree with him. cryptocurrency produces nothing and has no fundamental value. this is just an entry in a distributed registry, and we can only hope that someone will buy it in the future. Bitcoin is in most cases used for the illegal movement of capital.

I must say there is true in those words. Bitcoin fell in price, while the price of gold rose during the las months of this economic hell.