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Monkeynomics 101: Digital Beanie Babies
The upper-end of the value of any standard crypto currency should never be higher than the price to create an equivalent yourself, which means we're talking $2,000 to $5,000 at most, which I still think is too high with other coins trading for fractions of a dollar.
If you want to know more, look up "Austrian Economics" or "Subject Theory of Value". You may also want to look up the Beanie Baby craze of the 1990s.
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Well, this video aged like a post 30 year old woman! lol!
Even mainstream articles now call it a 'bubble' !!!
https://seekingalpha.com/artic....le/4432045-bitcoin-t
Most of these comments shitting on TFM aged like women XD. Monke was right then, Monke is right now ;) I'll drop another 'told ya so' comment when shitcoin drops to $10k
Its like saying the dollar has no value because anybody can print their own money using ink and paper.....oh shit...thats actually true... good thing the US fed made it a crime to create a competing fiat currency as legal tender..(true) .
So now we know why the USD has value....the gun of the state makes it so.
Btc hit 55k (as of this writing) .. i guess apple corp, tesla inc (buying 3.5 billion in btc) dont know what they are doing. Tfm thinks he is smarter then Elon when it comes to making money? Delusional!!