| dan_ebay | 08-07-2018 08:06 AM |
Re: Is Bitcoin the Future of Money?
Quote:
Originally Posted by slokor
(Post 935590)
The fact its at the price level it is at points to the level of trust a LOT of people have in it. It didn't start at that price level remember? took several years for it to reach it. And if its at this price level now don't you think there is at least some validity to it? Or would you prefer to completely ignore all indicators to the contrary and call everyone who doesn't share your views on the matter morons? not the smartest way to go about it if you ask me.
As for your example - it doesn't hold water. If I printed a comic book tomorrow no one would buy it and it will have a value of $0. Yet if I had an Action Comics #1 Im a millionaire. The perceived value of anything out there depends on what EVERYBODY thinks its value should be - not just you. It took Bitcoin 10 years to get to where its at and the level of trust and its perceived value grew over the years. You think you can come in with a new coin and repeat the process overnight? good luck with that. That's the main problem in the crypto world today - over 1700 crypto currencies that thought the same way you did and are trying to do just that. To me the vast vast majority of those cryptocurrencies are $hitcoins and will be gone within the year.
Good luck with YOUR ICO though.
| I didn't call anyone a moron.
No not really as barely anyone is using it for what it was designed to be, a currency or payment processor. They're just speculating on the price.
I used to like the idea but so far all this 'decentralized' nonsense has just shown exactly why we need things to be centralized, scammers etc everywhere. It's also far easy to manipulate than any centralized currency is.
Yes I could easily make a coin with the same attributes as Bitcoin obviously as it's open source. Would be a different story to get people to speculate on it as they do with Bitcoin.
The price of crypto doesn't really mean as much as with stocks etc though as they're actually backed by profit making companies. I could make the 10 coins as in my example, buy 0.001 from myself for $10 and my 10 coins are now supposedly worth $100k. | 
