Quote:
Originally Posted by ruff
Sorry I'm not missing the point at all. As I said the value of Bitcoin is whatever anyone else places on it. That includes the buyer and that includes the seller.
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but exactly that is the point.
there was NOBODY interested in bitcoin til there was obviously a flood of buyers who wanted to buy it and pushed the curve.
but these buyers where the ones with the black money. they WANTED the hype.
and the volatility shows you that they bought and sold - what made the money white because it was provable made with a rising bitcoin rate.
and as they can not buy their own money back they wanted this rocket curve what makes everybody blind.
in the start there was only blackmoney invested - but the clean money came with the hype and that made it easy to sell them again and show everybody where the money is from.
this is SO OBVIOUS !
and even the countries and governments accepted it. they never had a better chance to get the black money out of the money cycle PLUS receive tax for it.
and the game is NOT over yet. the volatility is still there and this is the reason why you still can make money on the short term.
but the general trend looks like life cycle has moved into the opposite direction - back to reality.