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[–] 4 points 2 years ago (1 child)

That doesn't make it a scam, it's just speculative.

There's also the belief that it's safer than individual currencies, or that it's less vulnerable to inflation of the money supply. Those are legitimate reasons to buy.

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  • [–] 4 points 2 years ago*

    Still with any individual currency there is a market where mandated by law you can pay in this currency, or where you can pay taxes in that currency. So zheir value has a real and a speculative part. Crypto only has a speculative part and that part is often and strongly influenced by deliberate manipulation.

    And if yet another crypto currencies is pushed it is highly questionable if there is a serious intent to deliver on the promises made to its laternuse or how much is just scamming people into an ICO and then running with that money.

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