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Bitcoin is pure free market. People keep it because of its history - same as how people buy gold coins.

• CaptainZapp 7y ago
  Except I'd put far more stock into gold coins (or gold in general) as a store of value. But that's just me.
  • celticninja 7y ago
    And there are enough people that take the converse position, that allows bitcoin to grow
    • CaptainZapp 7y ago
      Comparing this chart[1] with the chart found on this page[2] I very much doubt that assessment, specifically in terms of volatility. Note the very, very different scale of those charts. [1] https://goldprice.org/de/gold-price-history.html https://goldprice.org/de/gold-price-history.html [2] https://en.bitcoinwiki.org/wiki/Bitcoin_history https://en.bitcoinwiki.org/wiki/Bitcoin_history edit: clarification
    • arcticbull 7y ago
      Don't forget the blatant price manipulation from exchanges and scammers! Search numbers show fewer people care now than ever and yet the price is pretty high. You should be surprised by that because the block reward requires $5.25B in new money to enter the market to maintain the price, and yet...