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The people who were hyping it said it will be the next major currency. Right now it's literally no different to people getting excited about beanie babies - sur
by gambiting 4y ago
The people who were hyping it said it will be the next major currency. Right now it's literally no different to people getting excited about beanie babies - sure those beanie babies have appreciated in value by 1000s of percent, but at the end of the day they are still just stupid toys and nothing more.
So no, people didn't get it right. If anything they got it catastrophically wrong and the entire premise was hijacked by people who saw it as an excellent investment/scam opportunity.
- rafaelero 4y ago> The people who were hyping it said it will be the next major currency. Why do you think this prospect have failed? Do you think such a huge shift on the reserve global currency would happen in just 10 years? In the meantime, the market is pricing the likelihood of this scenario with increasing optimism.
- gambiting 4y agoNo one said crypto should have displaced real currencies by now. But you'd think it would be used as a currency somewhere - and it just isn't, outside of extremely limited cases. Not to mention that Bitcoin specifically just can't work this way due to the way it's designed - it's destined to always be a shitty "investment" asset and nothing more. >>the market is pricing the likelihood of this scenario with increasing optimism That is actually very funny to read. The markets are also pricing what they want to happen not what is likely to happen. This sort of prediction is close to pointless.