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So true, there is a core believe in crypto's value and its many off springs. Yes, it's crashing now but the core believers will hold and continue to sell its vi
by ThrowITout4321 4y ago
So true, there is a core believe in crypto's value and its many off springs. Yes, it's crashing now but the core believers will hold and continue to sell its virtues. And at some time new believers will start to buy again and the market will start to rise again. It really is like gold. Gold's value is ultimately a social construct: it is valuable because we all agree it has been and will be in the future. With crypto that believe is just starting so as more people believe it it will be easier to trade in the future and continue its rise.
- keikobadthebad 4y agoUh... no, it will crash and stay crashed, since it has zero intrinsic worth. Dutch tulips crashed but returned to their intrinsic value as a decorative flower. https://en.m.wikipedia.org/wiki/Tulip_mania https://en.m.wikipedia.org/wiki/Tulip_mania An NFT of a jpeg has no value.
- trinovantes 4y agoGold has many tangible uses in semiconductors, dentistry, and chemical processes so it has a price floor whereas cypto does not