You are an absolute lunatic.
Underlying value?
Entire businesses are built ontop of these blockchains.. are you moronic?
All of the metaverses that are coming out.. are built ontop of blockchains..
Soon almost all forms of computer programs, games, banks... almost everything that transmits over the internet.. will be running on blockchain infrastructure
And all of those things bring REAL INTRINSIC value to the parent cryptocurrency of the blockchain they operate on.
There are multi billion dollar start up business changing the world... running completely on Crypto and blockchain.
You are a boomer, and a moron.
It's far more valuable than the ascii characters on your banking app telling you that you have money.
Why Bitcoin is valuable to me, is because there will only ever be 21,000,000 coins in existence. That cannot be changed.
Bitcoin also cannot be newly created with ease out of thin air. It requires an impressive amount of computer hardware to perform calculations (and effectively process transactions and blocks for the network) to be able to create new bitcoins.
Bitcoins become increasingly scarce as time goes on.. people lose wallets, people die... etc.
Bitcoin also is the highest performing asset the WORLD HAS EVER seen perform at this level.. for this long.... and it's only just beginning.
Bitcoin is a big middle finger to government thinking they can just dilute and print more money as much as they want.... because now there is an asset out there that everyone in the world is becoming accustomed with.. that exposes fiat govt backed currencies in a very big way.
Your arguments literally sound like my grandpa in the early 90s when the Internet was first becoming a "thing".
You are just a boomer who has no literal idea what the technology for Bitcoin creates and what the ASSETS running on that technology are capable of.
Guess what... it's far more than a little piece of paper with Abe's face printed on it.
Why?
There is nothing anyone can do to stop bitcoin.
Even if they block exchange access in the US, there will be international exchanges we can use. There are decentralized exchanges... there are many ways to convert crypto into fiat w/o even using an exchange.
There are far too many untraceable (no KYC) ways, for them to ever truly enforce any law with it.
It can't, and will never be stopped. The only thing that can stop bitcoin is a mass extinction level event on the planet.
You do realize Bitcoin has dropped like this over 6 times in it's history... and it has ALWAYS followed with new all time highs?
This is normal bitcoin cycle...
in 3 years it will be worth over $100,000... and nothing can stop that from happening.
I hate to break your heart tho.
Right, but BTC/XXX is always the higher volume trade pair.
Thus, all crypto markets generally follow BTC's.
Except under special circumstances... There are things that will cause a coin to break out above or below the BTC trends.
You are exactly correct.
XRP at it’s core is centralized, and they can do things on that “blockchain” that shouldn’t be possible if it were a REAL blockchain.
It’s a load of garbage, yes it will rise in value and be “successful” but there’s no way it’s going to become the primarily used currency of the majority.
Btc, eth, fuck even DOGE will remain higher.
Do you even research?
XRP’s blockchain has multiple centralized aspects.
It has no mining infrastructure that prevents it from easily being taken down.
XRP foundation can delete your wallet from the network.
Yes, they truly can.
Source: ME…. I have developed multiple blockchains.
Ok but you do realize that gold while yes it's a "tangible asset".. it is not truly usable
Let me put it this way
if the shit hits the fan enough that you need to try to use your gold... you likely would have been better off buying supplies and actual items rather than gold.
When it comes to purely investment and what is a better store of holding USD value... it's Bitcoin, and the past 10+ years prove it.