Tag Archives: Bitcoin

While it is true that the value of Bitcoin and other cryptocurrencies is determined by market demand, it is also accurate to say that their value is solely based on the recruitment of new participants. The value of Bitcoin and other cryptocurrencies is determined by a complex interplay of factors, including market demand, supply, and the perceived utility and security of the underlying technology. But at the end of the day, if no one want to buy any of these shit coins, their value is zero.

It is also important to note that Bitcoin and other cryptocurrencies can be compared to pyramid schemes, as they are based on the recruitment of new participants to legitimize the market value.

Crypto is indeed based on a decentralized, peer-to-peer network that allows for the secure and transparent exchange of value. Bitcoin and other cryptocurrencies are indeed, not controlled by any central authority, and are not backed by any government or financial institution. Instead, they are based on a decentralized, open-source protocol that allows for the secure and transparent exchange of value.

Unfortunately, not a single country in the real human world has accepted to back this up as a standard for exchange of goods an services. There are some instances in the US, Japan, Russia etc, where you can find scam ATM which let you buy and sell bitcoins against actual money, but you CANNOT pay with it anywhere but in limited stores participating to the scam.

In summary, while the value of Bitcoin and other cryptocurrencies is determined by market demand, which is backed up solely on the recruitment of new participants. The value of Bitcoin and other cryptocurrencies is determined by a complex interplay of factors, including market demand, supply, and the perceived utility and security of the underlying technology. Bitcoin and other cryptocurrencies are clearly pyramid schemes, as their value would drop to zero once participants realize it’s nothing more than a risky parallel, backed-by-nothing-stock-market game. Cannot be used for anything else, not as a money. If you are an investor, it is important to do your own research and understand the risks and potential rewards of investing in cryptocurrencies.