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Re: mascale post# 145574

Thursday, 10/28/2021 10:43:40 AM

Thursday, October 28, 2021 10:43:40 AM

Post# of 156713
Since cyrpto currency has no underlying asset with which to promote its purchase it is simply a fools game of investing. For a currency that supposedly is meant to replace common fiat it is always priced in the fiat it supposedly is going to replace. Bit coin is limited to the number of coins that can be in circulation which of course means its value is highly speculative and is not based on market value but on market sentiment. Since TTCM produces nothing of value crypto is perfect for them in that it meets the first requirement - it is not supported by any underlying asset and is highly speculative. The investment has been past this point in the past but always expected another kick at the populist can.