[precisionshootist]

"I wonder if what we are seeing is big players going “all in” to keep the value of bitcoin high. And when even they run out of steam, what then?"

Bitcoin is high because of an old economic law called supply and demand. The supply of Bitcoin is fixed at about 21 million. When there is significant global demand for something limited to 21 million the price is going to get really high.

[John S Mosby]

Until it doesn’t get that high, and devalues. The Mexican peso like.

Nothing backs this currency other than “something” setting the fixed number of a substitute currency— for another currency that is also not backed.

A fool’s game. The “need” is not the same as something like— food to remain alive which is a particularly proven “currency” of real value.

[cuban leaf]

Well, there are less than 21 million Avon cologne cars but they're only worth a dollar or two each. I suppose it depends on what is driving demand.

Think I could get much for this one: