At least long-term holders believe it's worth it. You can judge that there exist such people by the fact that the bottom of crashes (at the maximum fear), do n

At least long-term holders believe it's worth it. You can judge that there exist such people by the fact that the bottom of crashes (at the maximum fear), do not continue until zero. I suspect cryptocurrency fills a need for hard money - not like fiat, that loses purchasing power at the whim of unelected central or commercial bankers. Of course, there's lots of volatility, but I suspect that's normal for an asset class this new. Do you research, discount its future value to you, try to come up with true and relevant inflation rates, and only buy when the market is in a fear cycle. About the externalities, they are the same as with any other human endeavour. Government should help internalize environmental costs.