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<p>[QUOTE="ToughCOINS, post: 7761394, member: 20480"]<a href="https://www.kitco.com/news/2021-07-12/Cryptocurrency-trading-volumes-slump-40-in-June-data-shows.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.kitco.com/news/2021-07-12/Cryptocurrency-trading-volumes-slump-40-in-June-data-shows.html" rel="nofollow">More evidence that BitCoin is an instrument of speculation</a>, and not an instrument of commerce. </p><p><br /></p><p>Collections and redemptions of payment in any form are largely unaffected by reasonable fluctuations in the "spot" value of that medium of exchange, hyperinflating currency excepted. Thus, there is little reason to believe that the drop in June transactions was attributable to a decline in commercial purchases and sales. </p><p><br /></p><p>Rather, that drop in volume may be attributed to changes in speculator sentiment. A clear sign that BitCoin truly has no legs, despite all of the signers-on for accepting BitCoin payments . . . this IS a bubble that will burst.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 7761394, member: 20480"][URL='https://www.kitco.com/news/2021-07-12/Cryptocurrency-trading-volumes-slump-40-in-June-data-shows.html']More evidence that BitCoin is an instrument of speculation[/URL], and not an instrument of commerce. Collections and redemptions of payment in any form are largely unaffected by reasonable fluctuations in the "spot" value of that medium of exchange, hyperinflating currency excepted. Thus, there is little reason to believe that the drop in June transactions was attributable to a decline in commercial purchases and sales. Rather, that drop in volume may be attributed to changes in speculator sentiment. A clear sign that BitCoin truly has no legs, despite all of the signers-on for accepting BitCoin payments . . . this IS a bubble that will burst.[/QUOTE]
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Sold of My Entire Bullion Collection In Order To Purchase BitCoins
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