Cryptocurrency is crashing, are you in or out?

[fatslob-:O]

JRPGfan said:

Yeah but its backed by the country, and state.
That makes it alot easier to believe in, because the state/country make sure it works, and you can trade with it.

There isnt a garentee like that for a cryptocurrency.
It could all be worthless tomorrow. The same I doubt you could say for a US dollar bill.

@Bold They said the same thing about the German Mark just after WWI, Zimbabwean Dollar or the Hungarian Pengo just after WWII ... 

The truth of the matter of fact is that ALL currency could become worthless tomorrow and we wouldn't be able to know because of the so called "social" aspect of currency ... 

A nation or a state is not needed to back a currency for reasons of stability since gold and silver itself has demonstrated themselves as viable currency that is also stable and not backed by any governments whatsoever because we the people just straight up believe that those things have value and can be traded for ... 

If people truly cared so much about "protecting" (not even gold itself is safe) their account value then they wouldn't be saving and instead be using it to consume since we all know how the story ends in failure with just about every fiat money ever since the start of civilization LOL ...