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Is Bitcoin defying Economics?

Discussion in 'The Economy' started by jeromanomic, 14th Apr, 2015.

  1. jeromanomic

    jeromanomic Active Member

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  2. larrylarry

    larrylarry Member

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  3. Simon Hampel

    Simon Hampel Co-founder Staff Member

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  4. larrylarry

    larrylarry Member

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    Hey Simon, I'm still learning but the idea of crypto excites me now. i intend to look into buying an amount that i am willing to lose this week, perhaps...looking at alternates like eth, dash and ripple. what about you?
     
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  5. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    No - I fundamentally see holding currency of any kind (traditional or crypto) as speculation - since there is nothing intrinsic which determines the value, it's purely based on sentiment.

    If I had play money to spare and was bored, I might start looking at it from a trading point of view - but I have neither the time nor the money to dedicate to it right now.