Re: THIS CRASH IS DIFFERENT than previous crashes... The FEDERAL RESERVE is why....
⭐ Merited by JayJuanGee (1)
I'm not an economist, but I still think that the "value" of something is what people are willing to pay for it at the moment. Please correct me if I'm wrong.
You could resell a loaf of bread if you want and maybe make a profit. You could also eat your loaf of bread if you do not want to re-sell it.
What would you do with your bitcoin if you could never sell it
NOTHING That means it has zero intrinsic value. The only value that Bitcoin has is what some greater fool will pay for it.What if the situation never comes where there is no one willing is willing to buy? What if the buyers and demand increase every passing year and you keep on dreaming that one day no one will be able to sell. bitcoins.
You are calling a bitcoin buyer a fool, while one day you will realize that those who do not have bitcoins are bigger fools.