Is cryptocurrency the future? Not necessarily.

bchip said:
the price does not always follow value because of scarcity or perceived value ...eg IT bubble stocks
Click to expand...
If the scarcity is artificial, as is the case with gold and diamonds and the like....is it then really valuable?

Definitely not intrinsically, purely artificially.

So his point that Bitcoin's value is equally artificial as that of gold and/or diamonds rings perfectly true.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X