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Yes, apologies if it were taken seriously. While the comment I was responding to is a good question, my intent was to highlight that values of all currencies a
by psychlops 3y ago
Yes, apologies if it were taken seriously. While the comment I was responding to is a good question, my intent was to highlight that values of all currencies are speculative based on their markets.
With regard to currencies they all have slight concerns, but the dollar is safer as people run to it in a crisis which keeps the value relatively high. This will change eventually, but could happen next year or decades hence. If I could predict it, I would be far wealthier.
With regard to Bitcoin, it is a relevant question despite my flippant response. The exchanges are well known to be corrupt and have a vested interest in keeping the price of Bitcoin high. Leveraging can happen there or off chain as was done with the relatively recent debacle with Terra/Luna.