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RE: Time to Wake Up and Take Notice

in #steem7 years ago

None of crypto is really based on reality yet. If you believe in the future that is great, because i'm all in for it too, but really, until there is a massive adoption of these kinds of things, there is no real value to it, like squares of paper.

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What gets me is that the rise and fall is driven by a few. There was a real cost to mining Bitcoin, just like the real cost of mining gold, but the "market" could actually send prices below intrinsic value. This happened a few years back with Houses; around 2010 I bought a House at less than half of what it would cost to build it, not including labor!! ..and this was a nice "move in condition" House! The House was real enough; the price tag wasn't. (it's public record; easy to prove)

If they can do this to your House, imagine what they can do with Toilet Paper ......it's unreal.....