[Paul T]

Originally Posted by cockerpunk

there is nothing illogical about it.

its a scam, its works like any other scam. as long as there are more people buying into the scam than leaving the scam, its works.

That’s more or less my view, but I don’t know if I’d go so far as to call it a “scam”…people understand (or should understand) what they are buying, I don’t think anyone is being duped into buying Bitcoin or any other coin - it’s just that they are deluded into thinking there is intrinsic value there. Bitcoin wouldn’t exist without internet hype. It will eventually go the route of NFT’s, it will just take longer, especially now that there is some institutional involvement. That’s my belief anyway….could be wrong. It’s the penny stock schemes of earlier eras (except it’s far from pennies!)