Bitcoins or Baseball Cards(reddit.com)

The value comes from the manufactured perception of scarcity. You could theoretically trade it directly for goods or services, but nobody ever does. It only ever gets traded for fiat currency. You can really only ever buy them with fiat currency and sell them for fiat currency. Most people don't buy them because they think it's actually useful for anything, they only buy because historically they go up in value and they're pretty sure that'll be true forever. People tell you to buy as much as you can, and never sell because the longer you sit on it, the more it'll be worth someday. The value doesn't come from actually being intrinsically useful or worth anything. They're worth far more than other products of equal or better quality, only because for unknown reasons people have decided that it is. You can make your own at home, but it's very unlikely they'll be worth more than you spent making them. Am I talking about bitcoins or baseball cards? submitted by /u/Asleep_Onion [link] [Kommentare]