Thread: Bitcoin
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  #40  
Old 01-17-2018, 10:39 AM
The Elkster The Elkster is offline
 
Join Date: Oct 2007
Posts: 2,358
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There is no way crypto in its current form is going to become currency. It's subject to far far too much fluctuation. How the hell would one price things day to day. Sell for X today and currency is all of a sudden worth 30% less tomorrow when rent is due. There is a reason generally accepted currencies are what they are. Sure they are manipulated to some extent but they offer some stability at least. And its not like crypto's aren't being manipulated by whales. Big money always wins.

And cypto's do not = blockchain. They have no patent on blockchain tech so to link them in any way to the inherent benefit of blockchain is stupid. Any company can develop its own tech and dilute the market. What we have is another dot com rush. Everyone knows blockchain is likely to go somewhere somehow but in their hysteria they are bidding up everything blockchain as though its ALL going to go to the moon when in fact like the dot coms only a select few will succeed and the rest will go to zero. Good luck on the speculating. For a repeat of this...see weed stocks. Hmmm didn't dot coms get bid up to astronomic levels even though they showed no profit. How'd that turn out LOL. Nothing wrong with speculating just understand the big risk. People taking out massive loans or using much needed retirement funds to buy in are just stupid.
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