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by COINS NEWS 92 Views

Hello reddit, I have some thoughts/arguments that I would like to hear your respons on. Thanks for reading / Coursell

Cryptocurrencies intrinsic value:

Crypto currencies does not have an intrinsic value. Meaning, You cannot use a bitcoin for anything except exchanging it with another person. It is the same as a useless piece of plastic that has an amount limit and you can throw it instantly to everyone around the world. Does it make you want the plastic piece? Well not me.

This is why Crypto can't be compared to gold since gold have a intrinsic value. you can make jewelry and electronics with gold that people are ready to pay for.

Other cryptos vs Bitcoin

Well, is there is a plastic piece that you can throw to other people easier then at least you would prefer using that piece of plastic instead of the old clumpy plastic piece you used before right? That's old Cryptos(Bitcoin, ether, etc) vs new ones (maybe Solana, bitcoin SV, ripple etc).

With this theory an crypto currency will eventually always go to zero since there will always come new crypto currencies that are better for trading.

BUT Bitcoin can have an intrinsic value!!??

Just like an old painting from 1822, people don't pay millions because it is more beautiful than a painting today. They millions because there are enthusiasts out there that feel great having that rare piece.

Just like the painting, I believe Bitcoin is the crypto currency that can have this kind of intrinsic value. Just because there are enthusiasts that want to have bitcoin because it was the first crypto.

If Bitcoin have intrinsic value, then it can be used for trading/money storage forever

If Bitcoin can have that intrinsic value then the value will never go to zero and eventually stabilize. And with a stabilized crypto that never goes to zero you can store your money safely and trade.

But since it is such an ineffective currency with long transaction times and high transaction fees it can never be used for day to day things. It will remain for money storage with few transactions

submitted by /u/Coursell
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