Is that what Bitcoin really is to you? Have you gotten to know Bitcoin a little more deeply? What do you think is the reason why Bitcoin turned from basically nothing into a $38,000-currency? That, despite of a strong resistance from all directions, heavy criticisms, extreme labels, and so on. Do you think in buying Bitcoin people only buy a number registered and kept in the blockchain? Have you heard of any decentralized money? Have you heard of a tamper-proof, censor-proof, borderless currency? Have you heard of a currency whose supply is fixed, hard-coded, in the system?
Anyway, for argument’s sake, people give value to anything under the sun. It’s all about agreement. If a community agrees among themselves that this unique kind of leaf or that shiny kind of stone has value and could be used as a currency, it will have value. You have to take note that people worship a tree, a stone, or whatever.
Bitcoin turned from basically nothing into a $38,000-number because people accepted whatever ask the sellers put on the market. I am not accepting it because I am a rational buyer. I am checking what I am buying. That's why I asked the questions.
I don't deny that there are a lot of people nowadays who simply accepted the price the sellers put. Many in the Bitcoin community nowadays are sheep. They don't really know enough about Bitcoin. They just know that there are people who made the careful study and concluded that the future of Bitcoin is bright. And the price has offered a sort of a testament for it. Because of this, they also want to own Bitcoin. Not a few among us simply joined the bandwagon.
But I don't want to compare you with them. I want to compare you with those who made a thorough study of Bitcoin and arrived at a conclusion that the technology is simply radically amazing. Billions are poured into Bitcoin after a serious scrutiny of its features. Perhaps you might want to wonder why they have a different conclusion.