QUOTE(Superlatanium @ Nov 26 2017, 11:09)

As it is, Bitcoin's status is primarily as an investment vehicle. It's too volitile to be treated as a reliable currency, especially when there's nothing concrete backing it up.
Not that there's anything wrong with getting bitcoin if you're going to use it immediately, but it's probably not a great idea to hold onto it for longer periods of time unless you're a deliberate investor and have some idea of what you're doing.
And I think that's what's happening right now.
We have some really big money people right now manipulating it to the extreme.
I wonder where they are going with it?
I really don't think the value has increased due to some drug cartel.
This is a market thing that is way beyond a couple of cartels.
QUOTE(Superlatanium @ Nov 26 2017, 11:22)

A big difference is that dollar, as well as many other national currencies, have governments with an interest in (and methods to) keep them stable (and usable as currencies).
And the dollar has the backing of oil since oil is based on the dollar.
This puts several governments wanting to protect it.
QUOTE(reality_marble @ Nov 26 2017, 12:13)

(/ ̄(エ) ̄)/ there is still nothings backing it up
it is all fiat only backing is trust in governemnts
if ppl believe in bitecoin V●ᴥ●V the differents is same
all only ways of exchange of good and service
and all inflactionary
i refuses to work this year for 1000 dollar, then next year it suddenly become the equivalent to 950 dollar because governments wanted to and call this a real money `、ヽ`ヽ`、ヽ(ノ><)ノ `、ヽ`☂ヽ`、ヽ
True that... they are all fiat, and based on some fluid trust that is actually not truly a defined trust.
It's more a trust of the derivatives defined by the currency. But it begs to question...
What fluid trust is BTC based on?