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25-06-2021, 07:58 PM
Sorry for creating a new thread on this topic, but being a crypto bear, i find it purposeless to read a lenghty thread on things that i dont believe.
To me crypto is not blockchain, it doesn't mean that u own a pcs of blockchain technology if u have some crypto. And it also doesnt mean that all crypto owners know and understand how blockchain works. No one is able to monetize the benefits of blockchain from owning of crypto. Please correct me if I am wrong.
Its more of speculative instruments to me. I believe most people buy crypto is not an act of de-dollarization, its not because of the blockchain, its not because of anything fundamental. But instead, its the anticipation that the price would double in 6 months, 10 folds in 2 years.
Crypto is a perfect speculative instruments because there is no fundamental, no valuation, and no basis and no limit.
If you have a pcs of Bitcoin, am I right that u are expecting the Bitcoin to become 100k a coin in the next year or 2? If yes, then is this value investing?
To me crypto is not blockchain, it doesn't mean that u own a pcs of blockchain technology if u have some crypto. And it also doesnt mean that all crypto owners know and understand how blockchain works. No one is able to monetize the benefits of blockchain from owning of crypto. Please correct me if I am wrong.
Its more of speculative instruments to me. I believe most people buy crypto is not an act of de-dollarization, its not because of the blockchain, its not because of anything fundamental. But instead, its the anticipation that the price would double in 6 months, 10 folds in 2 years.
Crypto is a perfect speculative instruments because there is no fundamental, no valuation, and no basis and no limit.
If you have a pcs of Bitcoin, am I right that u are expecting the Bitcoin to become 100k a coin in the next year or 2? If yes, then is this value investing?