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/biz/ - Business & Finance

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27555740 No.27555740 [Reply] [Original]

Why do cryptocurrencies have value? Does their value come from demand?

>> No.27555835

>>27555740
Comes from my ass

>> No.27555876

why does fiat have value? does it value come from demand?

>> No.27555978

>>27555740
Because ponzi schemes provide the greatest ROI... If you can avoid getting ass raped.

>> No.27557615

>>27555740
google it faggot

>> No.27557691

>>27555876
You can use it to buy shit. Link buys nothing.

>> No.27558607
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27558607

>>27555740
wanna see some magic? watch Dash do a lil sum this month. then you'll see what supplyanddemand is about my son

>> No.27558678

>>27557691
Link buys USD

>> No.27558781

OP I was asking the same question 10 years ago when BTC was worth $10 and nobody had an answer

Fast forward to today.


The same goes for the property market. In the 2000s/2010s people just kept spamming how property is in a huge bubble and its all coming down, and yet it didn't. ( I AM IN AUSTRALIA )

The house my parents sold for $275k in 2000 recently sold for $1.5 million during a pandemic.

>> No.27558869

>>27555740

It's a scarce good, I suppose, so some people are bound to assign it value.

>> No.27559129

>>27555740
Until electricity is free then it has value