Quote:
Originally Posted by dino7c
They have value because someone says they have value...like anything else. There is value in the technology. There is no safer, faster, cheaper, anonymous, or more secure way to move say 2M of wealth than BTC.
If I wasn't convinced of BTC as a long term asset I would sell it and invest in XEQT or something. My strategy is and always will be do what the whales are doing even if on a smaller scale. I learned a long time a go that a handful of people run the world like it or not...you are either in or in the way.
|
There is value in cryptocurrency technology. Most other cryptos are better at doing what you described as the benefit of Bitcoin, so it's not unique, and is also not great at being a cryptocurrency. Logically it shouldn't be worth much, which is all I've ever been saying. But not much functions logically these days, so if you can make money off riding coat tails, well that's not necessarily a bad strategy as a small fish. Occasionally you can get eaten though.