RE: Proof that cryptocurrencies are a major bubble with no underlying fundamentals for their valuations

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Proof that cryptocurrencies are a major bubble with no underlying fundamentals for their valuations

in bitcoin •  7 years ago 

I agree .. my main concern is the value being attributed to all these cryptocurrencies .. easiest way to understand this by example is like this - today A buys "X"coin for 1, then B buys it from A for 2, then C buys it from B for 3 & so on & so forth .. however, what value addition is happening & what is the utility ? not much ! .. looks like a self-perpetuating ponzi scheme to me

bitcoin
7 years ago by

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