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I think it's worth remembering that Bitcoin is not a real currency or commodity yet and has little real value. The only value number we can put on it is the num
by Sargos 9y ago
I think it's worth remembering that Bitcoin is not a real currency or commodity yet and has little real value. The only value number we can put on it is the number that the hardcore loyalist place on it.
If the only people dealing with Bitcoin are the people trying to prop up Bitcoin then it makes sense why the price isn't affected much in the long run. The loyalist have no plans to dump their Bitcoin (and realistically couldn't if they wanted to) and there are not really any normal traders in the system who would buy and sell things like this based on actual value.