/biz/ - Business & Finance

>>30176518
Something will only sell at what someone else will pay for it. Since crypto is based on exactly nothing and is backed by exactly nothing, it's not tied to any companies earnings or future potential. It's literally people buying it on the hope that they can find a bigger sucker later on who will pay more than they did. Extrapolate that out and it's going to fall.

At some point, it will be reinvigorated and go up again. This will by cyclical for a few years until people get burned out on something that is essentially smoke & vapor. Crypto is fire and people are going to get seriously burned.

>>30020684
Could have sworn I attached pic.

>>29753505
They're real. They're tangible. They're rare. They're very hard to mine. They are useful in many different industries. All of which creates real value. We're not even considering the "beauty" aspect.