> With crypto, it is so hard to know what it’s actual value should be, since unlike a stock there are no earnings Your second part there gives a very good hint

> With crypto, it is so hard to know what it’s actual value should be, since unlike a stock there are no earnings Your second part there gives a very good hint to your problem in the first part. Of course, in some sense there is some value in facilitating child porn and other illegal activities and some value in burning fossil fuels for mining (the value may be positive or negative). I am still pretty confident that if you just round "actual value" to zero - and use the possible error to keep you away from shorting the market - that is in the long run the valuation that gives you the best quality of life.