Cryptocurrencies

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I view it as a commodity. I know others don’t agree. I think its recent upwards retrace is evidence that a total or outright collapse is not really on the cards. I accept it’s probably heavily manipulated.
Asked in all sincerity here, but aren't you a tad concerned that this view is somewhat flawed if others (say banks, governments etc.) do not?

Basically, what is there to secure your investment and stop it from simply disappearing into the financial ether if a perceived bubble bursts?

Obviously the days of £ and $ being backed by the gold standard etc. are gone, and as such is flat money, but the economy guarantees it.

I'm not a financial expert by any stretch of the imagination, however from what I've read and understood there seems no underpinning factor.

Not to sound facetious, but what distinguishes it between someone wanting to pay for something with monopoly money? Apart from the secrecy?

All genuine questions here by the way and not a dig at yourself or others; simply, I'm struggling to see the longevity and validity of it all.

Obviously if you're just in it to make money within the short-term then all the above is probably irrelevant, but the questions still apply generally.
 

Bit of resistance at $9.949k @Kev The Rat which has caused a small halt to proceedings - if it breaks that 24 hour ceiling , hold on tight, the run-back will happen rapidly.
 

Interesting if it does smash a new ath in the next couple of months.

Surely a lot of the ‘it will collapse to nothing’ arguments will die.
 

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