Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
What is there to believe or not believe in? You want to make it sound like a religion.
Study it hard enough and you'll realise that it all boils down to cryptography, economics, applied game theory, information theory and lots of mathematics. Either you get it or you don't. Money is a value information technology, not voodoo. Abstracting the analysis away from your politics and emotions is the most difficult part. Begin at the beginning.
Study it hard enough and you'll realise that it all boils down to cryptography, economics, applied game theory, information theory and lots of mathematics. Either you get it or you don't. Money is a value information technology, not voodoo. Abstracting the analysis away from your politics and emotions is the most difficult part. Begin at the beginning.
Come on! The difference between economics and religion is that religion states very clearly what you are required to believe without proof.
The eventual success of bitcoin depends also a lot on psychology, sociology, businesses, and politics. People have different probabilities for future events in those areas. What is your probability that the US government will ban bitcoin? That Monero will supplant Bitcoin? That the largest miners will form a cartel and ruin bitcoin to maximize their short-term gain? That PayPal will switch to Dgecoin? That the Chinese traders, whose mood currently defines the market price of bitcoin, will get bored and dump all their holdings tomorrow?
For many believers, bitcoin certainly has become a religion, in the most literal sense. (People in this thread are relatively pragmatic, but what I have read in some other threads is far beyond voodoo..)