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<p>[QUOTE=&quot;HawkeEye, post: 3072017, member: 86305&quot;]In my mind, as simple as it is, everything has value based on something.&nbsp; Even a fiat currency has the backing of the taxing power or sustainability of a country like the US and the holders agree on the value based on this premise.&nbsp; Unlike gold or silver where intrinsic value is created by scarcity, in fiat currencies intrinsic value is created by the sustainability of the issuing country.</p><p><br /></p><p>At this stage it would seem the all cryptocurrencies have value based on agreement of holders but there is no underlying entity to create sustainability.&nbsp; There is no taxing power or identified entity with staying power as backing, just technology.</p><p><br /></p><p>I am glad you made money on it, but think you should also be happy with your timing.&nbsp; A key elements with any currency are stability and public acceptance and maybe that will come, but for that to happen it has to be a lot more understandable to the average person and confidence has to be much higher.&nbsp; I don&#039;t see either of those in the short term.</p><p><br /></p><p>But just the view from here and I am glad it worked out for you.[/QUOTE]</p><p><br /></p>

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