I gotta be honest, I did NOT read the articles they sent me.
@Empshok, Let me sum it up quickly: You know those people selling Herbalife type stuff on social media? It’s like that, but sounds cooler.
Basically, as long as you can collectively convince more people to ‘invest’ the price goes up and you profit. (Assuming you can actually sell your holdings when you want to).
Man people must really not like me. I didn't even get sent the articles
@Salem, patrick: maybe it's cause you're ugly
(Almost) All currency is essentially worthless in reality, it's people's perception that makes something worth more or less. You're investing in whether or not people will think that this coin is going to be worth more or less. The media hype increases the value which the media would want to happen if part of its related portfolio has investments in cryptocurrencies.
Crypto currency is no different than the US dollar or any other fico currency. Say what you want but I've made 600 in a month by investing just a little here and there sooo
@BigfootUnibrowMan, No offense to you, but I’m kind of tired of people saying cryptocurrency such as bitcoin is “no different than US currency.” 3blue1brown does an excellent video on the explanation of cryptocurrency and its functionality. He also explains the differences between government issued currency (US dollar) and cryptocurrency. That being said, I’m not an investor in bitcoin, nor do I plan on being one in the near future, I just like to promote knowledge. Have a good day!
@BigfootUnibrowMan, Bro I would look into Ripple.
@Shadico, ripple is a centralized currency, premined by a company and sold off for profit. It is literally the thing that most crypto currencies stand against.
@Stalker Ent, I can’t hear you in this rain. Raining money that is...
Let people learn the hard way
*cue the obligatory "shut up and take all my money" meme*
Reality is an Illusion, Universe is a hologram, buy Gold! Bye.
How you bean
Bitcoin's value lies in the fact that unduplicatable outcomes in cryptography where, if the encryption is broken in any un-intended way, the original data becomes useless.
All you have to do is research. It isn’t that difficult.