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Reply to "Why is the stock market doing well?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just wait until they start allowing people to collateralize debt with crypto. It will be pandemonium.[/quote] Crypto will at some point be seen as a big scam too. It holds no intrinsic value, it isn't backed by a government, like the dollar.[b] The only value it holds is the value people think it holds[/b] - but they won't think it holds value forever. [/quote] That's true of every currency that ever existed, even gold. [/quote] Sort of. But other currencies have value because people widely accept them as payment for real goods and services. You can’t buy much of any with crypto (yes I know there are a few companies that do accept it but they are the exception).[/quote]
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