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Monkeynomics 101: Digital Beanie Babies

809 Views • 02/09/21
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T.F. Monkey
T.F. Monkey
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⁣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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22 Comments sort Sort By
ImLiberated
ImLiberated
3 years ago

Even mainstream articles now call it a 'bubble' !!!
https://seekingalpha.com/artic....le/4432045-bitcoin-t

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ImLiberated
ImLiberated
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

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Lucifer
Lucifer
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.

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Lucifer
Lucifer
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!!

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PlanANoGoZone
PlanANoGoZone
4 years ago

There is one thing you got so wrong. Caesar's pizza is disgusting. $5 frozen pizza at supermarkets are much better.

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