[smaryjerry]

Pretty sure when Detroit went bankrupt they were basically paying people to come back to the city. There are ghost towns for a reason, because homes do lose value, even for the person who can still live there. Bitcoin right now is in the middle of nowhere like these ghost towns that can fail if the one company supporting them fails or the farmers just give up. It’s becoming a bigger city, to continue the analogy, but is still in the gold rush phase, where all the miners have come out looking for something. Maybe the city becomes San franscisco or maybe we find a ghost town in 100 years once everyone realizes the gold ran out.

[galaxyLogic]

I'm a crypto-sceptic myself. Crypto is a currency. The value of most currencies goes up and down based on the expected production/export capabilities of countries supporting their currency. But crypto is not associated with any country, so there is no country whose economic output could make crypto stronger or weaker. Perhaps this is a naive viewpoint but I think best way to look at crypto is as a currency and think what makes some currencies strong and some weak.