Not only crypto, stocks and commodities. Prices of many things are speculative including real estate. There are fundamentals driving prices however for these things.
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Not only crypto, stocks and commodities. Prices of many things are speculative including real estate. There are fundamentals driving prices however for these things.
I agree. However, commodities, stocks, real estate etc have something concrete but so far cryptos have nothing like this. It is virtual and nothing else. I hope in near future cryptos will change their attitude and become a tool of transactions just like fiats.
Speculation largely works on basis of demand vs supply. Irrespective of what the item of consideration maybe. Anything has any value because we attach those variables to it, nothing has intrinsic value. Cryptos will take time to mature, now it's mostly hype.
I agree. Hope for a better world where we have decentralized money instead of governments owned fiats which serve only a small group of people.