/biz/ - Business & Finance

>>3251856

I really doubt your intelligence and your claim to be a Schiff fan if you claim that something having no real value and yet people are spending millions buying and selling them are somehow contradictory statements.

Mortgage-backed securities composed of home loans to people who have no capacity to pay them back are completely worthless and yet people decided to spend hundreds of millions and billions on them. The point isn't that "there isn't money in it" but that you don't want to be holding the bag when the market tops out and people realize that they've been riding a bubble and the price then plummets towards it's real value, little to nothing.

Ethereum has no value, Bitcoin is questionable, and like 99% of the other altcoins are completely worthless. Literally the only coin I can think of that has intrinsic value is Monero because at least that can be used for laundering money, which is of obvious and direct value that you can't (easily) do with paper money you have running through the IRS-watched banking system.