4 ms·
In my somewhat limited circle, most people that I know are buying it as its price is rising. They are betting they can sell it for more than they paid. Only a f
by cromulent 5y ago
In my somewhat limited circle, most people that I know are buying it as its price is rising. They are betting they can sell it for more than they paid. Only a few actually use it as a currency.
https://en.wikipedia.org/wiki/Greater_fool_theory https://en.wikipedia.org/wiki/Greater_fool_theory
- smt88 5y agoTotally agree. What I was saying was theoretical: just as the value of a stock is a dividend (which some stocks will never give out to investors!), the value of crypto is its future liquidity. Those are both theoretical, of course. Most trading activity of those assets will be from speculation (assuming they'll find a "greater fool") and not a fundamental belief in the currency or in the dividend.