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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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Latest comments
3 years ago
Even mainstream articles now call it a 'bubble' !!!
https://seekingalpha.com/artic....le/4432045-bitcoin-t
3 years ago
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
4 years ago
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.
4 years ago
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!!
4 years ago
There is one thing you got so wrong. Caesar's pizza is disgusting. $5 frozen pizza at supermarkets are much better.