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It’s the algorithmically enforced scarcity coupled with “to the moon” culture. That’s all that’s going on. If it keeps going up I won’t be surprised. If it dump
by DSingularity 1y ago
It’s the algorithmically enforced scarcity coupled with “to the moon” culture. That’s all that’s going on. If it keeps going up I won’t be surprised. If it dumps down I won’t be surprised.
No floor and no ceiling — only a gambler would keep his net worth tied up to crypto. You did the right thing once you crossed a threshold to significantly change your financial status. Any other decision would have put yourself in a position vulnerable to outcomes of extreme regret.
- throwaway48476 1y agoThe valuation is predicated on a market existing to provide exit liquidity. But where is that going to come from?
- vachina 1y agoFrom new gamblers. There is some truth when BTC maxis say they’re still early.
- owebmaster 1y agoBitcoin was released almost 20 years ago. Early for who, the next generations?
- beeflet 1y agoThere are cryptocurrencies like dogecoin and monero that have an infinite supply and a constant production of new coins, and they still see use. So I'm not certain that scarcity is the only motivating factor. In fact, I would think that a growing money supply is good for driving real-world usage.