it is not game over, but it is not time to buy or hold. based on all the fundamentals, bitcoin is worth A LOT LESS than 94x the dollar. Until oil(or major commodity) is sold for bitcoin, this is a speculative price that has no basis in reality.
I also think a bitcoin can be worth 0 dollars and still not be game over.
1 bitcoin can be worth 1 barrel of oil.
I also think a bitcoin can be worth 0 dollars and still not be game over.
1 bitcoin can be worth 1 barrel of oil.
a dollar is worthless. . . a bitcoin is a global currency and is worth way more than 200 dollars.
Currency only has value if you can actually buy things.
Other than gambling and drugs, there isn't much you can currently buy with bitcoins.
You can buy pretty much anything with bitcoins right now thanks to bitspend, gyft, etc.
Well no, thanks to Gyft i can convert Bitcoin into currency i can buy stuff with. You're saying "You can buy pretty much anything with
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Also, WHERE IS YOUR IMAGINATION? Bitcoin adoption is constantly growing. Don't look at how bitcoins work today, think about how the world will look with bitcoins tomorrow. That's how investing works, you buy an asset that you think will be valuable in the future.
The cool thing about real money is you don't need any imagination. If imagination bought stuff, i wouldn't need Bitcoin.
