1 Answers: Why did BTC prices fall 30 percent this week?

Question

For 99.9% of people who own even a shred of BTC it’s an idiotic investment. They bought it for it’s speculative (i.e. FIAT value) not because they support it’s intrinsic functionality as a decentralized currency (a term few btc investors actually understand the meaning of).

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Anonymous 8 months 1 Answer 63 views 0

Answer ( 1 )

  1. It’s so funny how people who are still buying Bitcoin keep talking about how the US dollar is a fiat currency because it is not backed by gold. Maybe so, yet at least it’s backed by something. It’s backed by the US government.

    Bitcoin is not back by anything at all. Not gold. not government.

    just air.

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