You are viewing a single comment's thread from:
RE: Life in Crypto is Like..... #34 | How You Feel When Your Coin Moons.
Im the gold and silver guy, but i see what crypto is about. Bitcoin is overvalued right now though I would start in some of these other cryptos, but thats just me still understand why crypto got started though.
It's overvalued NOW? When it has lost half it's value almost ---- yes with issues but still.
Overbought maybe in the weeks leading up to Christmas ATH's at $20k but the fundamentals.....
Why else would Wall St. be so involved, buying it and shorting it ?
all i know is if it doesnt get down below 100 dollars its overvalued
So BTC, and every other coin is overvalued if it hits $100 right now?
Of worthless gov't backed Fiat dollars, backed by nothing and completely debased with no responsible policy around it, at all, and controlled by a Central Bank cabal?
I am just trying to clarify here.
I just dont see how it has value other then the full faith and credit of the people who use it? i agree that i dislike the dollar at least as long as it is fiat, but what determines the value of cyrptos? im trying to clarify myself
1/ Math. Math is hard for the goverrnment because they fuck up everything they touch and we all know and agree on that. Math makes too much sense and is incorruptable.
Unlike gov't - key word corrupt.
2 / It has no borders.
3/ It is better than any money or metals and yes, I have metals.
4 / It has more portable, storable, transferable options globally than metals, tied to point above.
I could go on, it is late for me, that should get you started.
If you were not in Steemit, I could not quickly UV a comment and transfer money to you, like this with my vote.
Well, I guess that is my last reason after all.
But I'm looking for a currency cryptos are good I love steem but we still have to fix what we use to barter if everyone made there money by up voting comments who would grow the food make the clothes? How do we distribute this currency?