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Forum nameGeneral Discussion
Topic subjectbecause it is risky
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13433233&mesg_id=13445938
13445938, because it is risky
Posted by beeinfinite, Mon Oct-25-21 10:18 AM
the value comes from subsequent investors who come in after you, based solely on bitcoin's reputation and nothing more. if the whales decide to pull out, the value will plummet in seconds leaving everyone to fight over the scraps. the potential for collapse with bitcoin is extremely high. it is doing well now only due to inflation and only because tether is pumping its value, however, the global economy will recover and tether will collapse. since bitcoin has no utility, its destined to fail.