/biz/ - Business & Finance

>>7195348
Do you need a reason?

>>5659714
Strat. The only problem is that it's low volume so if the big boys cause a commotion, you'll freak out from the high percentage drop. That being said, you're a brainlet because you're suppose to accumulate during the stealth phase and be loaded for moon missions, not chasing them like some kind of druggy. This is where TA comes useful, because you read up and be like IGHT THIS SHIT IS GOOD, see that it hits a bottom IGHT IT CANT GET LOWER and then buy. Wait for a week, profit.

>>3501783

Currency has always only been the value people have attributed to it.

Gold and diamonds have some industrial applications, but they are far less valuable then say iron or silicone from a manufacturing perspective. The US dollar is actually worthless because the US couldn't honour all its debts if they suddenly got called in, however the US has been an economic powerhouse for decades so many people around the world still place a higher value on the US dollar than it is actually worth.

The value of currency is an illusion created by people.

Bitcoin value, until recently has been relatively low in liquid terms. You might have a million bitcoins in your wallet, but if there is nobody to trade them with for services or cash, then they are just bits of valueless data. Recently however people have started offering services and products for bitcoins because there is a perceived value.

A cryptocurrency is only as valuable as its popularity relative to its perceived value.

Dogecoins were a joke, but they became very popular very quickly, however they didn't increase significantly in value. The reason? It's monopoly money. Nobody is going to take a joke seriously enough to adopt it as a currency.

The major issue facing crypto currencies is that normal people don't understand how they work, so they don't trust it. I don't think crypto currencies will ever replace national currencies. They are too complex for the lowest common denominator - I think it was a good idea though and will lay the foundation for a future currency that is simpler, but works the same way.