Cryptocurrencies

[70 copo]

If you compare Bitcoin to anything else the common denominator is that it takes a minimum of two people to establish a value that is used for trading purposes. Our cars are kind of like this except if there is zero interest (meaning no one wants a ZL-1 at some point in the future) the car still has its lowest value point which is its weight in scrap and recyclable materials.

So the ZL-1 is and never will be worth zero.

Bitcoin can drop to zero and be totally worthless since it is a digital construct built out of the ashes of the 2008 economic downturn.

Forbes has another more detailed explaination and this is a good read:

https://www.forbes.com/sites/jayadki.../#6beceffa5c1e

IMO the people who are going to make out on Bitcoin and other crypto currancies are the people with large holdings that will then jointly agree that the bubble is tapped out and will bail all at once.