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Not really. If I buy and sell a coin from myself with monopoly money for ever increasing prices - is it really worth anything? Obviously there are some inflow
by onlyrealcuzzo 4y ago
Not really.
If I buy and sell a coin from myself with monopoly money for ever increasing prices - is it really worth anything?
Obviously there are some inflows into crypto. But it's about 0.00001% of the daily volume.
- tim333 4y agoYeah but that's not the situation. If you have a bitcoin you can sell it to another person for several thousand real US dollars. Even if you hate crypto it has that value to it. I mean re "about 0.00001%" I've bought and sold bitcoin myself and usually for actual money. True there isn't much intrinsic value to the 0s and 1s making up a bitcoin but there aren't much to the the 0s and 1s making up the US$ or similar in your bank account.