Johnny (@ElGanador) on getquin

5Mon·

What is the value of Bitcoin & Co?

Where do you see the added value of holding shares in the various cryptocurrencies? When you buy shares, you have acquired part of a company. If you hold Bitcoin, Ethereum or something else, you have no equivalent value. Correct me if I'm wrong, but for what reason should the value of Bitcoin rise to €100k as many are predicting?

The technologies that various crypto projects are pursuing are certainly extremely exciting, but why is the coin behind them needed?

Other technologies have not needed their own currency to become established. I would honestly like to understand this better 🤔

#crypto
#ethereum
#bitcon

9 Comments

Marcus H.@Snopy

5Mon

The value of BTC and co. depends on supply and demand. There is no material value here. If everyone sells it, sooner or later it will be worthless. Where does money get its value from? If more money is printed, it loses value. If money is burned, it gains value. BTC is no different. For me, the exciting thing is the technology behind the currency and not the projects behind it. With cryptos, you are independent of banks and anyone with a computer and internet access can access them. Even people who don't have the opportunity to open a bank account. The projects behind it only contribute to people using the currency, but are not necessary in principle. It's the same with the euro. What is the value there? If you can't pay anything with it from one day to the next, it's worthless.

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DerMartin@DerMartin

5Mon

Supply and demand. Stamps, sneakers, old iPhones... There are many things that increase in value without "real value" in the background.

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Joshua@WarrenNakamoto

5Mon

Bitcoin is an international, decentralized, non-manipulable, ultimately scarce, easily divisible, ultra-fast hard money via lightning. It combines the advantages of gold and fiat currencies and solves additional problems such as the oracle problem. It promotes inclusion in emerging markets and mining can be used ultra-efficiently in the energy sector as well as in other industries. Just to name a few examples.

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Joshua@WarrenNakamoto

5Mon

You're already on the right track. I also think that crypto makes little sense. The projects are centralized. Centrally used blockchains make no sense. Proof of stake makes no sense. Using different money for each technology makes no sense. These are actually all start-ups that issue unregistered securities and enrich themselves when issuing them. There is no second best, as Michael Saylor always says.

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DonkeyInvestor@DonkeyInvestor

5Mon

These questions are answered by my posts on crypto, which you can find either in the pinned post on my profile or at #gqevergreens

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Chris@Haufeninthefinance

5Mon

Cryptocurrencies move based on supply and demand. I don't know why everyone wants to buy now. I only know that this is the case😅

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