Crypto-Currencies and Bitcoin

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Ethan

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Yeah, daily 5% and monthly 30% swings sometimes. Its a micro market at 100 billion.
It will be interesting to see if it rebounds or spirals downward at this point.
 

Lord Mar

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Benway

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I'm guessing that will increase the demand? (asking for a friend)
 

Lord Mar

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I'm guessing that will increase the demand? (asking for a friend)
I would assume so. With FED printing money at record rates, this will only increase the value of cryptocurrency (bitcoin specifically).

I haven't figured out what the end game is though. Will the price skyrocket (in terms of fiat), but then fiat is relatively worthless for purchasing power? So....you wouldn't want to cash out? Or does the price eventually go to zero and bitcoin is used as the new world currency? Or, will it even be used as the new currency, seeing as bitcoin is the antithesis of fiat control (decentralized, backed by math/tech/code, fixed supply, etc).
 
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