If you are interested in bitcoin/crypto read about the tulip frenzy of 1637 in Holland. Bitcoin is unearned money and only has value as long as someone who performs a service for you thinks it will have more value tomorrow. It is an IOU for a tree that could produce apples or be sold for firewoood

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If you are interested in bitcoin/crypto read about the tulip frenzy of 1637 in Holland. Bitcoin is unearned money and only has value as long as someone who performs a service for you thinks it will have more value tomorrow. It is an IOU for a tree that could produce apples or be sold for firewoood (www.history.com)

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[–] [deleted] • 0 pt

BitCoin isn't worthless, but it has little value in my opinion. Everyone holding is speculating. It is going to collapse. How soon? No fucking idea. But people are foolish if they jump in now.

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