Look, at any time you can take your usd, or fake currency...and buy an asset to fix its value. You could buy gold, bricks, chickens, gravel, logs, cows, rare art, diamonds, rubies, silver, copper wire, aluminum, old cars, planes, stocks, houses, salt, raw land, and ........fix the value of YOUR money....to the value of whatever society has...
Bitcoin right now is a very limited float item. To get YOUR interest, some whack jobs tighten the supply, then run the price up unregulated by manipulating it. They hope they suck you in, and get you to buy at some artifically inflated point. Here there and everywhere, folks have warned YOU that getting into bitcoin and beanie babies is very stupid. When you dont’ listen, they tell you to hug your dog and have a good cry... IMHO, your dog should bite you and find a smarter owner.
Perhaps I should have made myself clearer. I am against bitcoin and I am against any federal attempts to create an "official" version of it. I don't have any, I don't want any, and I don't want any sort of crypto currency replacement for it either, and for some of the reasons I mentioned in my previous post.
“To get YOUR interest, some whack jobs tighten the supply”
There is no one to “tighten the supply”. It doesn’t work that way AT ALL.