Bitcoin reached a 1 trillion dollar market cap today! in Lounge Posted Sunday at 07:24 PM 1 minute ago, Schu said: it is absolutely true... the only reason any asset including gold, real estate or functioning corporation has value is because people have belief in the fact that it has value. I think you do not fully understand what bitcoin is (obviously) because we need to have this level of conversation about it's validity... if we can accept that it is valid (like most ALL financial experts do), then we can move onto more reasonable discussions about the Coin. I already agreed it had value. I just believe that its value is too unstable to predict whether I can profit from it.