Quote from: crypth0r on May 04, 2022, 01:24:49 PM

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?

The USD is backed by what? By the economic power? If that is true, there must be a massive issue looking at the charts Wink

Have you ever been in the art "industry"? It is backed by what? I saw people buying a extremely ugly childish painting for USD 2.3 Mio....
Gold is backed by what?

It's all about what people are willing to pay for, that's the whole magic.

Seriously even the craze for NFTs is something that I can never understand.