This all works so well because nobody has any clue what it's actually worth. People think it has value because the technology obscures its worthlessness.
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Disanalogous scenarios.
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Not a bubble tho. Hard supply cap at 21M. The more people use it, the higher its value will go.
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Are people actually using it more or are they just buying it planning to sell it later with profit?
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Money used for transactions or held as assets facilitates ↑ demand for it. As ₿ has a predictably fixed supply, ceteris paribus, the price of ₿ should ↑.
End of conversation
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the problem is when to exit. some people are going to wait too long and lose everything
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>We're on Bitcoin bubble like 4 or 5 and yet people keep repeating this every time.
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