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Old 02-07-2018, 07:22 PM   #21
CockySpaniel
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Default Re: Cryptocurrency

Quote:
But in the end it's only worth as much as someone else wants to pay.
yep, just like any collectible.
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Old 02-07-2018, 07:56 PM   #22
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Default Re: Cryptocurrency

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Originally Posted by Spur's Addiction View Post
This whole Bitcoin is like a pyramid scheme. Get in on the ground floor you are set. But to buy in now is a carpshoot at best.

Same for all the other crypto currencies. Nothing is guaranteed to make money. And unlike stock there are no real assets behind it. And unlike government issued currencies, there is no government backing. This could be good and bad depending how you look at it.

But in the end it's only worth as much as someone else wants to pay.
Buying now isn't a terrible idea, if you can scoop in on a downtrend (under 7k).. cryptocurrencies are here to stay- whether the elites want them to or not
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