Crypto currencies

[NYEXPAT]

There is a very good chance that the bottom was put in today and we can start to rally to 65k now?

 

[VFK57]

Any currency in the world is attached to a country economy (GDP size, growth / recess, money supply etc.). Then what cryptocurrency tied to or backed with? If nothing then it is pure speculation. If hackers could penetrate and steal valuable info from big companies researches, Pentagon and other security offices in different countries, how difficult it should be to steal this type of currency?

 

[Spock]

Any currency in the world is attached to a country economy (GDP size, growth / recess, money supply etc.). Then what cryptocurrency tied to or backed with? If nothing then it is pure speculation. If hackers could penetrate and steal valuable info from big companies researches, Pentagon and other security offices in different countries, how difficult it should be to steal this type of currency?

Fiat currencies are not attached to a countries economy.
If it were, the GDP to debt ratios would be relatively flat.
https://www.macrotrends.net/1381/debt-to-gdp-ratio-historical-chart

 

[sakowitzm]

A few posts back the OP noted that as the first crypto out there, it would have more users. Possibly, but the history of the internet is literally littered with "first ones" that died horrible deaths. Google wasn't even among the first two dozen search engines; remember Northern Lights? Pretty much all of the MS Office products were preceded by long-gone products. Remember VisiCalc? WordStar? And the list of auction sites around prior to eBay is too long to even list.

"Might" be different with a currency... but I doubt it.