Val on Nostr: Yeah but what the value is against , all economist classify the Bitcoin as a ...
Yeah but what the value is against , all economist classify the Bitcoin as a speculative bubble, if you look when Elon musk start a relying it to Tesla it went up to 45k$ and then he stopped and the Bitcoin crashes to 19k$ so this is a very volatile “currency” that is based on popular opinion of it it seems. Technology behind Bitcoin is amazing. My wonder is what is the value based on despite speculative intention of people and company as the stock market was back in the20s / 80s.
From what you said above still seems like a speculative bubble rather than a “currency”used to buy good. So is the value of Bitcoin only reside in the people who believe in it at the end?
Published at
2023-08-18 11:25:59Event JSON
{
"id": "eb0e971630b7e1417d8f98b759d7d45b69571f555a7ee0c8211c058ef7bbe2c6",
"pubkey": "60f2811bf4455a7050a17d3eb35edff2402af64b85bcdf373e99a2acc833ee47",
"created_at": 1692357959,
"kind": 1,
"tags": [
[
"e",
"93979ceeca3c0127acde05c6fae8f9088d082521be083f4253de56414be449d3",
""
],
[
"e",
"754b51fa88153b08b065e298c8d244c643aeae7100129b4cba42f3488346d131"
],
[
"p",
"58c741aa630c2da35a56a77c1d05381908bd10504fdd2d8b43f725efa6d23196"
],
[
"p",
"f5b55f6b44b8997b2b6e8469a6a57f8d3f3b2ef27023543445c40ecec485ee64"
],
[
"p",
"f5b55f6b44b8997b2b6e8469a6a57f8d3f3b2ef27023543445c40ecec485ee64"
]
],
"content": "Yeah but what the value is against , all economist classify the Bitcoin as a speculative bubble, if you look when Elon musk start a relying it to Tesla it went up to 45k$ and then he stopped and the Bitcoin crashes to 19k$ so this is a very volatile “currency” that is based on popular opinion of it it seems. Technology behind Bitcoin is amazing. My wonder is what is the value based on despite speculative intention of people and company as the stock market was back in the20s / 80s.\nFrom what you said above still seems like a speculative bubble rather than a “currency”used to buy good. So is the value of Bitcoin only reside in the people who believe in it at the end?",
"sig": "cf947925e3ce5ef13cd07b92ba4c183db15e601877131b903b5651636c0bd28a76846e5161675abb259ad488f111e076d19181ba28d671cb78c257ae7a1be2a2"
}
