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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="RonJohn" data-source="post: 804174" data-attributes="member: 2426"><p>I don't really look at it as a market. I look at it as an alternate payment system. The value of bitcoin would go down since people can't "trade" it. However, it could still be used to exchange bitcoin between two bitcoin addresses. Ransomware scum were using bitcoin as payment when the value was "valued" at less than $2,500. It would continue if the value goes down, even to almost nothing. </p><p></p><p>I purchased some dogecoin, but I don't really understand the need for a crypto market. Or at least I don't understand the need for a speculative crypto market. It is an exchange of currency. Exchanging dollars for dogecoin should be no different than exchanging dollars for pesos.</p></blockquote><p></p>
[QUOTE="RonJohn, post: 804174, member: 2426"] I don't really look at it as a market. I look at it as an alternate payment system. The value of bitcoin would go down since people can't "trade" it. However, it could still be used to exchange bitcoin between two bitcoin addresses. Ransomware scum were using bitcoin as payment when the value was "valued" at less than $2,500. It would continue if the value goes down, even to almost nothing. I purchased some dogecoin, but I don't really understand the need for a crypto market. Or at least I don't understand the need for a speculative crypto market. It is an exchange of currency. Exchanging dollars for dogecoin should be no different than exchanging dollars for pesos. [/QUOTE]
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