ok correct. So the market values this thing at 2 trillion, worth more than every company in the world except 5. But you think it’s fairy dust. (Aka you think the markets assessment of the value of fairy dust is wrong) are you catching on?
No, I still wouldn't frame it like that. Not trying to argue semantics, but it is very dangerous to view the market as being right or wrong. Otherwise, that would have caused you to short GameStop and AMC, and you would have gone bankrupt first before the stocks fell back to earth.
Let me be more clear the collective wisdom views this asset as worth 2 trillion. You think it’s worth nothing (I think). and you seem to be proud of yourself for being completely wrong (not my opinion, what the market says)
The number of crypto coins can be minted in seconds with the push of a few key strokes. Bitcoins scarcity is a joke, the creator can easily change the protocol and add more to circulation....aside from that hundreds of new coins pop up every single week showing you that these magic coins can be created at any time....they are fairytales....that anyone can create their own coin and flip it to the public shows you how worthless these are..... There are videos online that show people making their own coins in minutes...again bitcoin is just the greater fools theory hard at work ... J
if you think this you know nothing about bitcoin good lord look up the block size wars. See how, even a bunch of people in agreement couldn’t change it. Satoshi or anybody else can’t change it either. Get a clue.
I would be worried too if I had bitcoin and the protocol changed and new additional bitcoin could be printed with a push of a button. 1 person owns bitcoin so they say..but it's still a mystery... so it's a mystery fairytale magical coin
The market can also operate on a greater fool theory. Which is why I would never short crypto, the market can stay irrational longer than you can stay solvent.
that one person, even if they came foreward, couldn’t change Bitcoin if they wanted to. You should learn something about this thing you are so sure is a “greater fool “ (laziest argument for being totally wrong about a market)