Bitcoin

I’m struggling to understand what is driving the price of Bitcoin up besides the high demand. I was thinking it was going up because people might be getting worried about dollar depreciation but it seems like everyone just wants it because big investors and others are talking about it. Should I stay away because it could be reaching its apex and has no physical backing or should I consider trading it? Thanks

 

It moves so you can trade it however you like.

Has moved up because demand exceeded supply... so far.

 

Usually, titles like these - makes history.
Not in the best way tho.

 

it has no fundamental reason......to exist.

so no reason to buy and hold

never go against governments....they always win and once they feel threatened they will kill it

 

STOP CREATING MULTIPLE THREADS!

 

they must have entered at 5000

nobody was talking when it was 5 usd

 

what you want us to roam around naked?

 

actually it has moved up because ..it has moved up

when something exists only in the minds of people

 

I'm struggling to understand how a unicorn magical coin is worth more than a dollar to begin with.

 

I'm struggling to understand why anything else besides supply and demand drives the price of any asset. Gold is just a useless shiny metal unless somebody pays you dollar for it.

Tesla shares are just participation certificates, they don't even pay dividends. But somebody else pays you nicely for a number you can see in your bank account.
There are mining companies out there that are valued 1/5th of their claim...but since nobody knows them, nobody buys their shares

Always the same. Supply and demand.