What do you tell people? - page 27. | Bitcointalksearch.org

trecore4

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Quote from: fvb on June 14, 2018, 08:07:25 AM

People do not believe in crypto currency. They say that crypto is not fixed. As fiat - gold. Where does the value of crypts come from? What do you tell people?

People believe in the crypto currency when they start to get something out of it! Anyway that is different stuff, and form where crypto currencies get value is very simple. It gets it from the investors like us! We are pouring our money into the different projects and when they get developed they launch their products and services and then they get more investors to use them. This way crypto currencies get value as they receive more and more money into the market capital.

Bittalk12

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The value of cryptocurrency changes from time to time depending of investors approach and reaction with the market or even in the news. It is an online money and a type of investment where you manage it by means of trading or holding (driven by traders or investors). Why do you think gold is increasing its value? The answer is because there are customers who wants to grab it. That also same with cryptocurrency price.

PeterTom

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Quote from: fvb on June 14, 2018, 08:07:25 AM

People do not believe in crypto currency. They say that crypto is not fixed. As fiat - gold. Where does the value of crypts come from? What do you tell people?

You should calculate the cost of mining Bitcoin. This is a multi-billion dollar industry. It seems to me that people who have such huge money see value in the crypto currency Wink

X-ray

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Quote from: fvb on June 14, 2018, 08:07:25 AM

People do not believe in crypto currency. They say that crypto is not fixed. As fiat - gold. Where does the value of crypts come from? What do you tell people?

The value of crypto comes from its usefulness but this time crypto has more advantage compared with fiat or even gold. The gold has only the art value and it doesn't make sense to give it a lot of value. And fiat will be useless to be used for long-distance transaction. Crypto is on the middle between fiat and gold.

Alex_ODN

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Quote from: fvb on June 14, 2018, 08:07:25 AM

People do not believe in crypto currency. They say that crypto is not fixed. As fiat - gold. Where does the value of crypts come from? What do you tell people?

P2P
If there wouldn't this trust, then value of tokens would be 0.

jlanzago

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Fiat and gold are fixed? Gold is very volatile. Fiat values change all the time compared to other fiat.

But I don't try to convince anyone, that is not my role. I do like the underlying technology and once you understand that, then your eyes are opened.

For many years I didn't participate in the cryptocurrency market because I thought the same. But then companies - corporations have started to think how they could benefit from blockchain technology. That happened in my sector. So I started to investigate about blockchain, understood what a blockchain is. Read Bitcoin whitepaper. And started to see the potential.

Then I started to invest in cryptocurrencies.

carlisle1

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Quote from: fvb on June 14, 2018, 08:07:25 AM

People do not believe in crypto currency. They say that crypto is not fixed. As fiat - gold. Where does the value of crypts come from? What do you tell people?

It doesnt matter whats the value of gold and fiat,and what they say about the price of cryptothat wasnt fix because it volatile and besides were talking about technology here and technology dont have fix value instead its the service who has

Quote from: Vit83 on June 14, 2018, 09:13:58 AM

I'm saying "We will see in the nearest future", "for me is the only chance to change my financial situation is to try high-risk investment", "this can change everything and I will try some:)"

And that High Risk investment is crypto currency

Vit83

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I'm saying "We will see in the nearest future", "for me is the only chance to change my financial situation is to try high-risk investment", "this can change everything and I will try some:)"

khufuking

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I was in debate about this with so many people, the answer is simple and very easy .

I will not tell you define value and this repeated questions but let me give one question .

From where value come from ? because no matter how much money you want to sell your item for, it will really not worth that much unless you find someone welling to pay that amount . Therefor value comes from 2 ends seller ( by put a price of his item ) buyer ( by agreeing to pay that price ) without those 2 you can not put a value to this item .

Now what about art ? you can apply the same theory above and it will make sense or else why the hell a piece of paper with random painting on it would worth millions of dollars ! it is because people gave it that value .

Apply same thing on crypto, as long as someone setting a sell price and there is someone paying that price then this is what that cryptocurrency worth .

Far_peter

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Quote from: fvb on June 14, 2018, 08:07:25 AM

People do not believe in crypto currency. They say that crypto is not fixed. As fiat - gold. Where does the value of crypts come from? What do you tell people?

There are several cryptos used on different platforms built on blockchain. If i was asked by someone, i'd say that the demand for a token can be proped up by demand for a product, if this product is backed by a blockchain.
This works the same with fiat, value of any currency depends on the amount of goods you can buy using it.

bojosari

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Quote from: fvb on June 14, 2018, 08:07:25 AM

People do not believe in crypto currency. They say that crypto is not fixed. As fiat - gold. Where does the value of crypts come from? What do you tell people?

crypto is different from gold, gold is a real thing, while crypto is a digital asset, the same is gold and crypto have total supply, that's all I know

fvb

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Quote from: crazy_elky on June 14, 2018, 08:11:08 AM

"Where does the value of gold come from?"

Gold is a noble metal. It is used in different industries. For example in electrical appliances. Yes, much where. Google to the rescue .

crazy_elky

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"Where does the value of gold come from?"

fvb

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People do not believe in crypto currency. They say that crypto is not fixed. As fiat - gold. Where does the value of crypts come from? What do you tell people?

Topic: What do you tell people? - page 27. (Read 3561 times)