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If no one wanted it it would've been down 99%. People were saying the same thing you're saying when bitcoin was 1000$
by jack_pp 5y ago
If no one wanted it it would've been down 99%. People were saying the same thing you're saying when bitcoin was 1000$
- ben_w 5y agoAs the famous quote says, markets can remain irrational a lot longer than you and I can remain solvent. And there isn’t an upper limit to who can buy into bad ideas or how badly they can go wrong. https://youtu.be/lMUtU0tOmNE https://youtu.be/lMUtU0tOmNE
- deleted 5y ago[deleted]
- InitialLastName 5y agoPeople can want something without wanting it as "currency". GP is indeed correct that nobody wants a currency whose value fluctuates by 50% over a few days; what the people who want bitcoin want is a high-risk speculative investment that has so far dodged the gatekeeping and restrictions that the developed world tends to place on other high-risk speculative investments.