/biz/ - Business & Finance

I'm failing to understand why anyone would invest in cryptocurrency if not for the chance to cash out at the top of a pump and dump scheme. Why are there hundreds of different cryptocurrencies? How is it that one made for, say, buying agricultural goods is any better at buying agricultural goods than just regular old Bitcoin, or Dogecoin, or Potcoin?

Second question: isn't there an upper cap to how many Bitcoins can exist? Does that mean just buying and hodling would pretty much de facto be a great tactic because at some point we'll reach a weird equilibrium of demand caused by the coin being well known as a currency but now getting rarer and rarer?