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And wanting to buy something because it might go up in value isn't understandable? But sure. A few random reasons off the top of my head: Because I want to sup
by TangoTrotFox 8y ago
And wanting to buy something because it might go up in value isn't understandable? But sure. A few random reasons off the top of my head:
Because I want to support a coin that I think has technological advantages over major coins.
Because I want to send $5 to somebody without being gouged by fees.
Because I think cryptos are the future and want to diversify my holdings to minimize uncertainty.
Because I'd rather own 20 tinycoins than 0.0001 bitcoin. Silly reason, but a real one nonetheless.
Because I'd rather see a cryptoconomy with lots of coins of varying size, than one or two behemoth coins.
Because I have no idea what cryptos are and would rather spend $5 to check things out than the relatively large minimum entry price for major coins.
Because I think the thing the crypto represents (in terms of ICO type coins) provides a good value (not necessarily value = $).
Because I prefer the software (mining/wallet/etc) for this coin over the software for majorcoins.
Because I find the coin hilarious. Dogecoin probably no longer counts as a 'small cryptocurrency' but it certainly started as a joke and still is pretty tongue in cheek even with a $400 million market cap. Who can't love a NASCAR dude driving around with Doge imagery, or fundraising for the Jamaican Olympic Bobsled Team? It's just entertaining.
- CPLX 8y agoI mean, with all due respect, there's only one actual reason there that reduces to an actual consumer need, and it's low fee transactions, which as we've seen is not really a selling point for crypto as of now. The rest of your reasons reduce to "I think it's cool" basically. Which is totally up to you but hardly diminishes my point.