Home > Boards > Cryptocurrency > Coins > Bitcoin (BTCUSD)

its not backed by any legitimate country, or

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
trunkmonk Member Profile
 
Followed By 167
Posts 14,374
Boards Moderated 4
Alias Born 04/17/06
160x600 placeholder
trunkmonk   Thursday, 02/13/20 06:12:03 PM
Re: Strategyone post# 14353
Post # of 14704 
its not backed by any legitimate country, or tied to anything of value, its not recognized by the BIS, its digital monopoly money. fact is the only thing that legitimizes bitcoin is that its now treated as a commodity. as a matter of fact no currency acts like bitcoin, why, cause real dollars get traded against other real currencies. Bitcon changes value because it is traded on exchanges, no other reason for its fluctuation in value. you can call it what you want, its a fad, and will be a bad dream someday soon. he has it right, and nothing has changed. the CME will make short work of it this year. I hate the phrase watch and learn, but learn you will.

https://www.nber.org/papers/w19747

Blessed are the poor in spirit,for theirs is the kingdom of heaven.Blessed are the meek,for they shall possess the earth.Blessed are the merciful,for they shall obtain mercy.
Blessed are the pure of heart,for they shall see God.
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist