But the argument is for higher demand. A ETH sitting in your wallet isn't participating in the economy, increasing its use and its demand and , thereby, its "value".
The technology is very useful and will be used in different ways in the future. But there is no copywrite or "moat" to blockchain technology, hence why there are thousands of digital currencies. I have yet to hear a solid argument for any of the currencies. ETH is the latest because it is only $1,000 not $33,000 like BTC and people think "It's cheaper! Yeah!". "Hope" is not a strategy. You can pay me $1000 for a really cool rock and you can put it in your basement and try to sell it 10yrs from now for more. Basically the same thing. Don't get me wrong, I hope ETH goes to $100,000 and you make out like a bandit. But this idiot is not going to participate in hopes of finding a bigger idiot later in the game, especially without a clear vision of what it is we are exchanging.i'm not interested in helping create demand, i'm interested in reaping benefits from demand I think is going to occur - don't forget, i'm buying lottery tickets over here, not investing
things like eth weren't really meant to be currency anyway, they support and validate decentralized blockchains, which is where the value is in terms of what the technology is capable of. that's why i bet on eth and just constantly wish i bought more btc back when i was buying eth
Like I said, you want to buy a rock- on sale - $999.99you underestimate how dumb myself and the general population is and what our collective minds will give value to
First you have show me a bunch of other idiots that have already bought them for +/- that price, plus others who paid less and others who paid more. In other words, show me the demand that bitcoin and others seem to be generating.
my thinking also. The interest in crypto's outweighs, and is much broader than any 'investment' asset out there. so it probably appreciates further than you would guess.
right now you can’t assign value. You rely entirely on the supply and demand of the digital asset which is at the whims of trendiness... and (hopefully) whether or not corporations want to adopt the technology the underlies the trendy asset. For me, I couldn’t give a rats booty why it goes up in value, but I’m gonna bet that it does
I also put my email in for the hgtv dream home giveaway every day
You are thinking in terms of how market value is created. The difference between a stock and a cryptocurrency is enormous from a legal perspective. A lot of this is because traditional markets are highly regulated, which is coming for crypto, but still a difference. My simple answer is I know what a share of stock gives me (shitty company or not), but I don't what a BTC or ETH does for me. I can transact for things in certain places, but I guarantee that the corporation I transact with immediately converts that BTC to US $. How do I know? because BTC lost 17% in like 30min overnight on Sunday. Any company is in the business of selling whatever it might be, not betting on BTC prices. Net demand can be unimpacted even as velocity goes up. The current rise is getting it noticed by the media (and HT'ers), but not doing much in terms of building credibility.
Cherry picking info much? What's it done in the last two weeks, two month, six months, year?
Don't tell that to JPMorgan, Goldman Sachs, Square, PayPal, etc... All of them have taken pro-crypto positions recently.
Wait a minute! That's MINE!!!I also put my email in for the hgtv dream home giveaway every day
