Post
Topic
Board Economics
Re: how in the world is btc at $12.303,28?
by
DaveF
on 18/08/2020, 12:16:08 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 .... ?

-------------------------------------------------------------

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 .

Well, it's probably you / your goods or services. There are plenty of people spending BTC on plenty of things.
Our sales have been staying at the same % of crypto vs fiat through the last 20 months.

Much like any other thing, if it's not for you that's fine. But to say it's not worth it from a "technical point" just shows ignorance of what technical point means.
If I have 1BTC and someone is willing to give me something that they feel is worth $12,300 for it then to them it's worth $12,300 nothing else matters.

If I feel I am better off keeping the 1BTC because I feel it will be worth more later then nothing else matters.

Once large numbers of people feel that way with something then that's how much that thing is worth.

Same with gold. Same with anything.

-Dave