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In the "crypto" world nobody really knows what affects the value (correlation does not imply causation). If someone claims to know, let's just check his predic
by natmaka 5y ago
In the "crypto" world nobody really knows what affects the value (correlation does not imply causation). If someone claims to know, let's just check his predictions' accuracy.
For a centralized power confiscation and devaluation are more difficult to apply in the "crypto" world.
Value stems from opinions, and in the "crypto" world everyone is free to form his own opinion and act accordingly. Doing so is more difficult under some governments/centralized powers.
Many celebrities publish various claims about "cryptos", and even a major disagreement isn't innocuous. Major disagreement between central powers about important matters, for example money, may lead to war.
- moralestapia 5y ago>correlation does not imply causation It does not exclude it either. That is such a vacuous statement and I'm tired of it being used every simgle time someone has a chance to drop the most cliche "smart guy" phrase in modern parlance. But back to the topic ... Do you seriously believe that the recent up/downs of BTC have nothing to with Elon and Tesla's actions, i.e. it was just a coincidence?
- natmaka 5y ago> It does not exclude it either Indeed. I wrote "nobody really knows what affects the value". You wrote "a single individual can affect (manipulate) the value", and my answer was just a reminder: nobody knows for sure. > Do you seriously believe that the recent up/downs of BTC have nothing to with Elon and Tesla's actions I never wrote this. Speaking about vacuous things: I'm tired of the straw man trick In my opinion Musk Tweets probably had an effect, but I doubt anyone can show to which extent, especially indirectly (people acting upon their thought about the reaction of other people to Musk's Tweets...).