This may be a tough question to crack but we must give it a thought.
There are issues and arguments of intrinsic value as compared with fiat currency and also gold and silver. This is a big topic.
Intrinsic value is the value of an item ignoring how people view them.
Cryptocurrencies derive their only values from how people view them and most importantly their uses and applications.
The world is changing.. Tastes change. Technologies change. As far as change is a constant, a time is coming when the world will find something better than cryptocurrencies, or at least better than Bitcoin to start with.
However, while cryptos have no intrinsic value per say, an item will remain valuable for as long as people regard it as valuable.
The moment people regard it as no longer valuable, then it falls flat.
Maybe a day is coming when people will consider Bitcoin as not valuable.
Then that will be the end.
Maybe crypto-currencies will end, but I am 99.99% sure that the technology that drives them, the blockchain, is here to stay!
But for now, maybe we should just join the train because many people and corporations are joining the train.
You could be left behind.
This may be a tough question to crack but we must give it a thought.
[attachment=0]crypto-currencies.jpg[/attachment]
There are issues and arguments of intrinsic value as compared with fiat currency and also gold and silver. This is a big topic.
Intrinsic value is the value of an item ignoring how people view them.
Cryptocurrencies derive their only values from how people view them and most importantly their uses and applications.
The world is changing.. Tastes change. Technologies change. As far as change is a constant, a time is coming when the world will find something better than cryptocurrencies, or at least better than Bitcoin to start with.
However, while cryptos have no intrinsic value per say, an item will remain valuable for as long as people regard it as valuable.
The moment people regard it as no longer valuable, then it falls flat.
Maybe a day is coming when people will consider Bitcoin as not valuable.
Then that will be the end.
Maybe crypto-currencies will end, but I am 99.99% sure that the technology that drives them, the blockchain, is here to stay!
But for now, maybe we should just join the train because many people and corporations are joining the train.
You could be left behind.