The price of Bitcoin is a mirage...

The $17,000 has no context and is meaningless.

What is "one" bitcoin? It's not a measure of weight, or size, or a standard amount that is actually used in the real world - like a carat, or a barrel, or an ounce.

People get caught up that the price of bitcoin is exploding because its jumping "thousands of dollars" in hours. Well, not really... a $1000 increase now is equal to a 5.8% increase...

submitted by /u/nicoy3k
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