Submitted by BinyaminDelta t3_ycvha2 in singularity
TheSingulatarian t1_its4j7k wrote
Reply to comment by cy13erpunk in How should an individual best prepare for the next five - ten years? by BinyaminDelta
Bitcoin has no intrinsic value. It is purely speculative. It depends on there always being a greater fool to pay more than you did. Eventually you run out of fools. No different than the Tulip Bulb Mania that gripped Europe 400 years ago.
cy13erpunk t1_ittjq14 wrote
im sorry that you seem grossly mis-informed
https://youtu.be/q8R71WGO3qU?t=45
this video is over 4 years old ; at that time BTC was around $7k
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