I must say its a fascinating phenomena... very similar to the meme stocks. Limited? Only in the minds of people who wish.
You are too lazy to study the subject and keep on repeating the same old nonsense, it gets boring. The Bitcoin network is secured by >100,000 nodes. Each of them has the limit of 21 million bitcoins baked into it. Any attempt by any participant trying to "forge" a coin is rejected. If a malvolent player wanted to manipulate the growing ledger, the blockchain, he would have to gather more computing power than the top 500 supercomputers combined to try to fake one new block. Even for state actors this has become virtually impossible. Bitcoin is the most secure store of value ever designed by mankind.
"Crypto" is not Bitcoin. People can invent all sorts of schemes, like the current NFT craze, that's not Bitcoin.
I think one really has to analyze WHY bitcoin is down 10% as I write this... why would it EVER go down if the arguments for its reality are true?
Because it does not make sense economically. There is no single asset where the price always goes straight up. There are always people buying and selling Bitcoin, for various reasons. Bitcoin is one of the few markets which are very difficult to manipulate. With precious metals it has been possible to subdue price, partially due to rehypothecation. With Bitcoin you get provable ownership within an hour, no rehypothecation possible. I am appending the price of gold in the Weimar hyperinflation in the 1920ies. It had violent moves, up and down - but in the end it was a clear indicator of the failing currency at that time. Bitcoin behaves similarly now.
Yeah but you can't live in a bitcoin... or write it off.
Study Austrian economics. A money without non-monetary function is the best one.
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