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Bitcoin itself is spiking *so* sharply that it's inevitably going to crash in the coming days/weeks. I'll buy some at that point.
Bitcoin is weird as its backed by absolutely nothing at all yet people part with thousands for a bit.
Whereas BitCoin..... oh.
At the moment people are just buying BC to horde. They're not actually spending it on goods or services.
And you can't buy goods or services with it when you can't put a stable figure on them.
For example, in September when I posted those EMG pickups in my sig I'd have sold them for about 39mBC, back in March it would have been about 80mBC.
Today's value says I should sell them for 11.9mBC.*
But there's no way I'd sell for that because I know, we all know, that tomorrow the price will change again, up or down.
So it's bloody worthless.
* (Or looked at another way, these EMG pickups I'd have sold for £150 in March I should now sell for £22 because £s are "worth" so much more just cos everyone and their dog is trying to buy every last £coin in the world and sitting on it.)
If not, I'll buy a quite nice one.
My feedback thread is here.
I use this https://blockchain.info
i.e. is the wealth tangible?
My feedback thread is here.
My feedback thread is here.