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RE: It Takes $5 Trillion in Paper Contracts/Year to Stop Silver From Behaving Like Bitcoin in Price
Agreed. The Tulip bubble worked because everyone was getting into it. Doesn't mean it was valuable more than the energy it took to flower one. In the end, this is part of the process. People wanting to get rich will invest in whatever crap they see, pumping it and dumping it. Eventually, the true crypto with actual value will remain. So far: BTC
Yup. I tell people to treat it like a stock. If they're wealthy and they want to speculate, by all means get in, get rich, and get out.
But the average person can't even afford a single BTC. In this economic cycle, it's important to accrue real wealth while the fiat currency still has purchasing power, because once that collapses, people will not get another chance.