Author Topic: 10 Youngest Bitcoin Millionaires with Crazy Lives  (Read 10505 times)

el numero uno

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Re: 10 Youngest Bitcoin Millionaires with Crazy Lives
« Reply #25 on: December 05, 2017, 03:20:22 PM »
Who deemed that bitcoin has any inherent value? I mean, all money is socially constructed.

How can any one person just decide that X has some value?  ??? ???

Unfortunately, this happens all the time, specially in a country with a disastrous goverment.

They usually reach an annual inflation of 20% or higher.

Venezuela is freaking mess, with a hyper inflation of 700-800%. Saving money is worthless there.


You are right about Bitcoin not having an intrinsic value. It's a bubble and sooner or later it will crash.


gib

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Re: 10 Youngest Bitcoin Millionaires with Crazy Lives
« Reply #26 on: December 05, 2017, 03:42:53 PM »
Unfortunately, this happens all the time, specially in a country with a disastrous goverment.

They usually reach an annual inflation of 20% or higher.

Venezuela is freaking mess, with a hyper inflation of 700-800%. Saving money is worthless there.


You are right about Bitcoin not having an intrinsic value. It's a bubble and sooner or later it will crash.



Though you realise gold has no intrinsic value either right? (Or very nominal). Again its value is determined by collective agreement. If you accept that, try to figure out whether in the coming years the demand for btc will outstrip supply ...

ratherbebig

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Re: 10 Youngest Bitcoin Millionaires with Crazy Lives
« Reply #27 on: December 05, 2017, 03:56:22 PM »
great another thread about bitcoins!

here is my story

i started out putting money in facebook

then i put that money into the blair witch project

then i put that money into bitcoins

now im a multi millionaire who spend all day on getbig!