I think that's why crypto-currencies will be doomed. Because too many people see it as something they can maybe buy for a pittance and at some point in the future cash out for a 5,000% increase.
It's not currency, people don't want to use it like currency. They want it to be a viable get rich quick scheme. Because whenever you refuse to use it for normal commerce lest next week, next month, next year, you regret your purchase because of huge price swings. Everyone would engage in that sort of behavior and I'm sure it's not the basis for a healthy economy or currency.
It's not currency, people don't want to use it like currency. They want it to be a viable get rich quick scheme. Because whenever you refuse to use it for normal commerce lest next week, next month, next year, you regret your purchase because of huge price swings. Everyone would engage in that sort of behavior and I'm sure it's not the basis for a healthy economy or currency.