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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 398.26+0.5%Jan 2 4:00 PM EST

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To: TobagoJack who wrote (168886)2/24/2021 5:42:14 AM
From: Haim R. Branisteanu  Read Replies (1) of 218929
 
for me bitcoin makes no sense at all you can trade it even if you are brain dead, or a genius in accounting or economics. No need to read and understand balance sheets or economic trends like why "should I buy copper"

It is a pure speculators medium, based on speculators sentiments, nothing else, all the efforts to put some reasoning to the price are futile. even tulip bulbs had a residual value that brought delight of seeing the flowers the same way you pay to see an opera.

Paper money yes is printed paper but regulated to great extent and can be compared to a country debt/GDP growth ratio for valuation.

BTC - all bs no limit in printing fraction of it and therefore limitless with all the BS that comes with it, and I presume all crypto's are similar
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