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The price of anything, especially Bitcoins, is driven by demand, greed, speculation, and irrational market behaviors. It's people running the price up, not math
by snorkel 13y ago
The price of anything, especially Bitcoins, is driven by demand, greed, speculation, and irrational market behaviors. It's people running the price up, not math and science, but people. At this moment those people will be become either winners or suckers. The suckers will be the ones who believed the math of Bitcoin makes it magically valuable just as those who believed that Pets.com had a bright future.