Quote from: Mackenzie87 on December 15, 2021, 06:41:27 AM

Quote from: numberslacey on October 01, 2021, 01:06:23 PM

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

If you understand Bitcoin's technology and its particularity, Bitcoin is indeed a virtual currency, without physical value, but people's needs are exactly where its value exists. The holders of the currency in the market trust Bitcoin, this This kind of trust is the embodiment of value.

I agree that blockchain technology is remarkable. Even though I am sceptical about investing in bitcoin, I don’t think the technology is useless.