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It exists because the Gold market is basically centralised,...

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Fishinnick

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27/03/24

11:25

Post #: 73079793
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Originally posted by kingpins: ↑

Why would they list bitcoin when it is basically an object used for gambling and has no actual value?

https://theconversation.com/almost-...proves-its-actually-more-like-gambling-207909

Bitcoin boosters like to claim Bitcoin, and other cryptocurrencies, are becoming mainstream. There’s a good reason to want people to believe this.
The only way the average punter will profit from crypto is to sell it for more than they bought it. So it’s important to talk up the prospects to build a “fear of missing out”.
There are loose claims that a large proportion of the population – generally in the range of 10% to 20% – now hold crypto. Sometimes these numbers are based on counting crypto wallets, or on surveying wealthy people.
But the hard data on Bitcoin use shows it is rarely bought for the purpose it ostensibly exists: to buy things.

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It exists because the Gold market is basically centralised, Bitcoin doesn't exist ostensibly to buy things even though thats one of it's capabilities.

Bitcoin has value because it is rare compared to say fiat currency for example.

Some like it, some don't.

Gold similar but i guess instead of being able to buy things with it, it is at least physically real not just digitally real.
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