Dax said:
@Briley
Nothing is truly operational as a crypto solution right now. We’re still awaiting a major breakthrough (though I remain hopeful one will come).
Yeah? And how many of these are actively used by the public? You mentioned research. I want web3 to thrive just like anyone else, but it simply isn’t there yet.
Bitcoin fading away? Seriously? Its scarcity and deflation are what make it valuable, but it’s still speculative.
Other than this, crypto remains highly speculative with the vast majority holding little real value, relying mainly on the theory of greater fool and tulip mania.
Not at all, it’s overvalued
How could any crypto be undervalued? They’re speculative. They don’t provide any real value. Their only worth is from demand and limited supply.
BobCoinConversations said:
How could any crypto be undervalued? They’re speculative. They don’t provide any real value. Their only worth is from demand and limited supply.
Maybe you should read more about ETH and how it really works.
BobCoinConversations said:
How could any crypto be undervalued? They’re speculative. They don’t provide any real value. Their only worth is from demand and limited supply.
The value comes from the network and its deflationary design. Hard to believe we’re in 2024 and some folks still don’t grasp this…
@LiamDigitalDialogues
But what’s the actual VALUE? Like with stocks, you own a piece of a company.
BobCoinConversations said:
@LiamDigitalDialogues
But what’s the actual VALUE? Like with stocks, you own a piece of a company.
Well, tell me what the value of a dollar is. It’s just a piece of paper 
@LiamDigitalDialogues
The backing of a massive organization called government gives it value.
BobCoinConversations said:
@LiamDigitalDialogues
The backing of a massive organization called government gives it value.
Keep investing in bonds 
BobCoinConversations said:
@LiamDigitalDialogues
The backing of a massive organization called government gives it value.
Keep investing in bonds
No I don’t, haha
Crypto doesn’t operate on fundamentals. It thrives on hype, speculation and a kind of tribal loyalty. At some point, it might tie to genuine business value, but don’t hold your breath until it shows a real use case.
Ethereum is a lot of things, but undervalued isn’t one of them.
I’ve had a great experience trading without KYC on BTSE. The platform is smooth and reliable.
With the SEC stating ETH isn’t a security anymore, I expect it to hit the 10k mark soon. However, I foresee a significant sell-off around 9k.
Cam said:
[deleted]
Pizza places succeed because people want pizza. What value does Pizza Hut stock provide? Less than Ethereum I would say. People eat pizza, and the stocks rise ($YUM). With ETH, trading, bridging, swapping and interacting are all happening, leading to volume, or demand. ETH usually appreciates when volume and market cap increase. It parallels stocks and their perceived value. It seems like you’re saying crypto is worthless to you and therefore overvalued for your perspective.
Cam said:
[deleted]
Exactly, none of the cryptos have a solid use case. They keep promising to solve various issues but fall short. Take NFTs, for instance; potential uses like certificates exist, but mostly they are used for ridiculous JPEGs.
Let me guess, you’re just really invested in some useless coin that’s down 30% and you’re just bitter about it?
Let me guess, you’re just really invested in some useless coin that’s down 30% and you’re just bitter about it?
No, you’re the one wasting time arguing without any real knowledge.
