Yes you are right.
Bitcoin is currently no different that what goes on in the Art world. Your coins are only worth more if someone wants them more than you. Until all commodities are priced in Bitcoin, such as oil, they will continue to fluctuate wildly as they have no intrinsic value... just like Art.
Yes you are right.
Bitcoin is currently no different that what goes on in the Art world. Your coins are only worth more if someone wants them more than you. Until all commodities are priced in Bitcoin, such as oil, they will continue to fluctuate wildly as they have no intrinsic value... just like Art.
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