[alixr]

I could say you're part of the greater fool theory anytime you get paid in or sell something for fiat money. It only has value as long as people are willing to accept it, same thing applies to Bitcoin.

But Bitcoin is also an incredibly small market and as such it's susceptible to manipulation from already wealthy individuals like the Winklevii. Unfortunately for them bitcoin are worthless without circulation (i.e. people willing to accept them).

Bitcoin gained a lot of traction and new blood this year, most of these newcomers are standing around wondering where things will go without thinking about why they invested in the first place. People also don't seem to understand it's still in testing despite the high value.

[jc123]

We will see how the Bitcoin experiment goes.

Maybe fiat money is the worst form of currency except all those other forms that have been tried.