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No one tries to analyze the fundamentals of the US Dollar? I would argue the single most powerful agency of the Federal Government of the United States spends t

No one tries to analyze the fundamentals of the US Dollar? I would argue the single most powerful agency of the Federal Government of the United States spends the majority of its time doing _exactly_ that...

AnimalMuppet 8y ago
Of all the things that TACIXAT said, that was the only sentence you found that you could argue with. That leaves the rest of his statements unchallenged.
- erulabs 8y ago
  That’s not his assertions work, nor refutations. Other posters replied to his other sentences... I’m not entering into an argument with someone who has very obviously made up their mind - rather trying to point out a basic logical flaw in their argument that, I would hope, causes readers to think critically about the other assertions. The worlds most relied upon currency is fiat - ethereum is not. Thus, the fundamentals argument ought to be closely examined.
mikekchar 8y ago
As you say, people analyse the fundamentals of the US Dollar all the time. Currency markets are inherently speculative, but there are reasons that you must by US Dollars. For example, if you want to buy stocks on a US exchange, it eventually has to go into US dollars. If you want to buy real estate, or commodities for US companies, buy US government bonds, etc, etc, etc. Although the day to day price of the currency is speculative, there is are underlying fundamentals that will dictate a floor and ceiling to that price. I don't know very much about Etherium, but I don't know of any fundamental reason why anyone must buy Etherium. At best it's an option among others. At worst it's simply a market based on speculation. This says nothing about the potential of Etherium or any other cyptocurrency. It's just saying that the current markets are completely speculative and it's not really an "investment" to buy it -- it's more of a bet.

AnimalMuppet 8y ago

Of all the things that TACIXAT said, that was the only sentence you found that you could argue with. That leaves the rest of his statements unchallenged.

erulabs 8y ago
That’s not his assertions work, nor refutations. Other posters replied to his other sentences... I’m not entering into an argument with someone who has very obviously made up their mind - rather trying to point out a basic logical flaw in their argument that, I would hope, causes readers to think critically about the other assertions. The worlds most relied upon currency is fiat - ethereum is not. Thus, the fundamentals argument ought to be closely examined.

mikekchar 8y ago

As you say, people analyse the fundamentals of the US Dollar all the time. Currency markets are inherently speculative, but there are reasons that you must by US Dollars. For example, if you want to buy stocks on a US exchange, it eventually has to go into US dollars. If you want to buy real estate, or commodities for US companies, buy US government bonds, etc, etc, etc. Although the day to day price of the currency is speculative, there is are underlying fundamentals that will dictate a floor and ceiling to that price. I don't know very much about Etherium, but I don't know of any fundamental reason why anyone must buy Etherium. At best it's an option among others. At worst it's simply a market based on speculation. This says nothing about the potential of Etherium or any other cyptocurrency. It's just saying that the current markets are completely speculative and it's not really an "investment" to buy it -- it's more of a bet.