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13:10
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Originally posted by Soothsayer
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Next to nobody is buying them anymore. Volume is way down - why would you put your hard earned money into something corrupt, manipulated and totally unregulated? Hard-core crypto maniacs will fight and deny such statements, but the truth is that despite the usefulness of blockchain as a technology, MOST cryptocurrencies themselves do not have any useful application. And even if they did, it doesn’t give the cyptocurrency itself any intrinsic value.
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I understand what you are saying, however sorry mate but if some people think that Bitcoin is a pyramid scheme, then Gold and Silver is a pyramid scheme too. Why some one has to buy expensive gold if they can get similar looking metal for jewellery? because Gold has special chesteristics however. When gold was first discovered someone convince people about the Gold and from centuries it kept into entering cultures, society, economy and as a currency too. Now every Tom, Dick and Harry dependant on Gold and Its has been expanding but will never burst until the end of the world. similar things apply to Diamonds that why do you have pay that much mont just because it looks good or gaining higher status in the society. In short if majority of crowd or powerful buyers decides to give the value to anything it just happens. Bitcoin could be a Digital Gold. Crypto Market has spreaded too far even it is about to enter in regulatory systems in different country and It is almost impossible to reverse.
