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How could anyone decide on an appropriate price for Bitcoin when there's no fundamental intrinsic value to it? That lack of a fundamental value helps it increas
by stephenboyd 4y ago
How could anyone decide on an appropriate price for Bitcoin when there's no fundamental intrinsic value to it? That lack of a fundamental value helps it increase because nobody can ever say when it's too high, but the inverse, that it's never too low is also true.
- kreetx 4y agoThe fundamental intrinsic value(s) are that BTC can't be printed, second that transactions are unrestricted and borderless, and third that it's network effects, i.e size of user base. How this translates to some price though is an open question though. :)
- danaris 4y agoThose are attributes, not value. Some people may value those attributes, while for others, they are outright drawbacks.
- kreetx 4y agoThere is no intrinsic value in not being inflatable?
- Hani1337 4y agoThere's a first mover advantage that will always price out future investors, so it will keep retracing again and again. If you want something that has better intrinsic value rooted in utility, Cardano's the one. And please, no one reply Ethereum is better than Cardano, when 2/3 of the globe can not afford GPUs. PoW mining is a losing battle.