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That's one of the main caveats of the entire cryptocurrency effort: the exchanges. Unfortunately for investors, the prices don't reflect the actual projects (an
by boh 9y ago
That's one of the main caveats of the entire cryptocurrency effort: the exchanges. Unfortunately for investors, the prices don't reflect the actual projects (and honestly why would you expect them to), and for the developers they have to operate under these expectations of performance for what are essentially experiments that need time to mature.
What these projects are trying to do and the things they've already achieved is just amazing and really exciting. When you actually use this stuff instead of just HODling it, you realize why it has value.
Should these crytpocurrencies actually cost this much at this point? Would bitcoin be any less useful if it was worth $5 instead of $20k? Probably not and definitely not. These things aren't the sort of assets we're used to. It's not like an equity share of the company that makes the car--it is the car. We need to actually start driving for it to be worth anything in the long term.