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RE: The Reason that BITCOIN Has Value is Because... + get 100SP delegated to you by commenting~

in #bitcoin6 years ago

I see Bitcoin, in fact ALL crypto currencies, as a new kind of stock market. The difference to me, is that the "stock" is not a share in some company, business, or a value of a portion of some tangible good/s. It is a steak, or claim on a universal currency. Demand for any currency fluctuates, the same way the physical stock markets do. This one just happens to be virtual. I don not think crypto will go away. It can't, really. This is a digital age, and our old ways of paper & metal tenders can not keep up. Especially when no two countries use the exact same forms of money. Crypto bridges that indifference; easily translates from one country's monetary system to another's -even if not at the same value per unit for each one. For those who play the long-game in the markets, crypto is is going to be as important to one's 'portfolio' as the physical stock markets. Some folks have already figured that out and have made their moves.