Comments by "Anonymous" (@Anonymous-md2qp) on "Ray Dalio: 3 BIG Problems With Bitcoin" video.

@Dylang01 Exactly! It’s value doesn’t increase because it is a desirable item or scarce. It simply goes up because some idiot is willing to pay more for it.
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Gold is a finite physical resource. It has value and the demand can exceed the supply. It is also used to produce products.
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@03edgex600 It’s a man made item on a computer screen. It doesn’t exist. Anyone can release their own cryptocurrency. Humans don’t manufacture gold in a factory and make it out of thin air.
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@MAITSE MOTSOANE Gold is made up of physical atoms. There is literally a finite amount. Cryptocurrencies are electronic, unregulated and have no governing bodies. You can make your own from scratch. You can simply release your own version every 24 hours if you want until the day you die and there is no limit to how many versions you can release.
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@juansuescun7956 I understand what you’re saying. “Idiot” was not really a necessary word. It just seems a bit dishonest to sell something to someone for a higher price than you paid for it through deception.
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@FOT2010 The price of assets of based on supply and demand. There isn’t a demand for cryptocurrencies as it isn’t a finite item. The price is only increasing because some idiot is paying more for it than the last guy.
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That is exactly what it is.
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It’s a brilliant scam to trick vulnerable people and steal their money from them. You can see all of the scammers promoting it everywhere because the more people they convince to use it the more potential people they have to steal from.
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@MapAtlass It’s not even like buying shares in a physical company or physical products that appreciate in value. They are buying a completely nonexistent product hoping that someone else will pay more for their imaginary product.
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