Post
Topic
Board Economics
Re: how in the world is btc at $12.303,28?
by
meanwords
on 18/08/2020, 10:29:18 UTC
how in the world is btc at $12.303,28?

https://coinmarketcap.com/currencies/bitcoin/

there is nothing ,absolutely nothing to make btc from technical point worth so much ...

Nobody is using their btc to buy goods/services ,i know do to fact i am accepting btc and no clients via btc this month ...zero orders via btc. No real liquidity ..people are just hording.

I really hope i am not right about what i think it is as we will see btc worth 1-2 usd

And ethereum at $429,87 ....

Are people that stupid to forget that in March btc was at  8000 usd and eth  was at 130 usd .... ?

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Well if you guys say  bitcoin is a "investment" good luck with it...i am out of btc world ...as bitcoin is no longer a currency .

Bitcoin is actually being used as a payment for commodities and services in the Philippines (I personally use it). There's also a case of DeFi having a lot of attentions due to the fact that it is helping a lot of people cope with the pandemic. Also, the hype of ETH 2.0 probably helped pump Bitcoin to this price. Not only that, a lot of pro-Bitcoin countries are regulating Bitcoin, for example this and this.