Quote:
Originally Posted by Jason14h
If you guys are so sure it’s a bubble / going to zero why don’t you short the market and retire ?
Lots of easy ways to short Bitcoin or Crypto in general . And if it going to zero you will be very very rich
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Because, as pointed out, it's price is based entirely on human perception of it's value. I don't bet real money on the behaviour of other people and where they think something has value. People are dumb, particular when it comes to gambling. I'm not going to pretend to gamble on the psychology of that.
And I don't think it will go to zero, I think it has little to no value for society, and I've yet to see any evidence otherwise, despite the obvious reality that yes, you can get rich off of it. Also, poor.