The dollar isn't worthless as it's backed by the US government and is legally the country's currency. It has worldwide recognition and investor confidence. If it was worthless it wouldn't be bought or sold in Forex.



I think he means it's the reserve currency of the world and is held by in vast quantities by international banks.

I’ll leave you with this 60 second clip which pretty much summarizes why the usd is radically useless

You realise that something doesn't have to have intrinsic value to be worth something, right? The prices of currencies, as well as stocks, shares, bonds etc are all dependent on investor confidence, which isn't tangible, measurable or (sometimes) rational.

If the dollar has value to people as a medium of exchange the intrinsic value of the paper is not relevant to its worth.

This post was edited by dro94 on Dec 28 2018 06:03pm

stocks have been over inflated due to tax incentives for close to a decade

so far theres no tax break for investing in bitcoin

guess who bought most of their btc at 10k+

heh, nothing to it kiddo

2 simpletons lol.

something is "worth" what someone will pay you for it.

being backed by gold doesnt guarantee value, it guarantees a lack of fluctuation in value. because gold doesnt rapidly fluctuate. inflation/deflation are issues with money, but that doesn't make them "worthless".

want in on a secret? if money is "worthless" then so is gold. neither have an intrinsic use. it's not like oil that can run cars. gold is a commodity for luxury goods and electronics.

Member when everybody said that bitcoin was a wise investment and I said it wasn't?

lool

No