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What supports the Bitcoin price besides finding somebody else to buy your Bitcoin (greater fool)? How is much this different from a Ponzi just because it is not
by morpheos137 6y ago
What supports the Bitcoin price besides finding somebody else to buy your Bitcoin (greater fool)? How is much this different from a Ponzi just because it is not centrally organised?
Buying Bitcoin most certainly does effect the dollar exchange rate of Bitcoin balances and that is the only thing that really matters because there is not a Bitcoin economy independent of the fiat economy.