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by skypedog5
3147 days ago
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In a way, the same problem exists with Bitcoin where the supply is basically a fixed quantity that expands at less than 1% a year while the number of those wanting to speculate in it, expands like a pyroclastic eruption. This drives the price ever higher, increasing volatility and making it even less likely that anyone would adopt it for normal transaction activity. The participant speculators smack their lips while they drive their protege currency further and further away from it’s intended purpose. The same thing happens in conventional Mining stock promotion, the price of the stock becomes the material and tangible nature of the enterprise while the plans, potential and possibilities of the ore body, the very thing that speculators should be considering, become more and more amorphous and immaterial. In simple terms, the cart is before the horse. |
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