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It's a virtual currency with a limited supply, but with a constantly growing interest(demand). This interest is not primarily driven by bitcoin's inherent quali
by Jommi 9y ago
It's a virtual currency with a limited supply, but with a constantly growing interest(demand). This interest is not primarily driven by bitcoin's inherent qualities but more through:
1. Using bitcoin to acquire other cryptocurrencies
2. Promises of future profits
3. Getting "free money" by having bitcoin (Bitcoin cash, bitcoin gold)
The first one might actually be healthy, while 2 and 3 are most close to a pyramid scheme / "tulip mania" style scenario.
One thing is for sure. No one knows what exactly is going to happen.