/biz/ - Business & Finance

>>7937891
i repat

>>7930780

>>7867218
>tee-hee

>>7815159

>>7784801
le edgy contrarian

> Had 400 3 weeks ago
> Margintrading on Bitmex
> Have 11k now
Where all in?
Should I become a Stinky Linky?
Or just go ETH?

>>7616722
>God exists because people say it exists
It's better than gold because it's way safer, that gives it a lot of value. Also, it can be developped which makes "gold" turn into "diamonds".

>sell coin that's been sideways for months
>next day it goes to ATH on historc volume

>he's a day trader

>>7265932
nope. i actually looked the circulating supply
not a bubble, nice try hehe

>>7255634
>t.

Can someone explain me in simple terms what gives most cryptocurrencies value, apart from supply and demand?

I understand the value of Bitcoin and other "currency" type cryptocurrencies, since one of the characteristics of money is that it has no other purposes than to be exchanged for goods and services, and for these, as long as there is adoption and people are willing to use them, then they have value, or at least whatever value that people will give them.

But what about coins for platforms, like Ethereum, Cardano, Icon, Neo, etc. As far as I can see, the coins are not meant to be truly used as a currency, and they don't really seem to needed to use the platform and are not backed by anything. They can be used to pay node operators, but is that it?

The fact that they can be used to buy into ICOs that happen on these platforms doesn't seem relevant, since the same problem arise with the value of the coin that the ICO companies create - most of the time, their actual use, apart from being traded to make money, are far from obvious.

I understand somewhat the values of "in ecosystem" currency, like BAT and FUN somewhat, and I could see their use, but I can't figure out in what universe having these currencies fluctuate constantly in price would be a good thing if they were to ever actually be used for their stated purpose.

What I'm trying to say, is that I don't really get what I'm investing in if I buy cryptocurrencies. It's not a share of an actual share of whatever project or company is behind the coin. For example, people buy Ripple, because the company is in talk with banks, but even if banks adopt some of Ripple's technology, why would they ever give a flying fuck about the coins?

There's a disconnect there that I'm having trouble to understand. Can anyone explain to me what is the intrinsic value of cryptocurrencies, or point me to ressources that could help me understand it?

tldr; I'm dumb, why do give money for crypto

>glad I didn't sell lol who else here /diamond hands/

I just came inside mommy.

I feel horrible.

>>7198451
>>7198583
>>7198598
>muh support lines

RESUME THREAD
So, it seems like the party is over for the next few years, so let's get back to the basics. Post your resume tricks. Burger flippers need not contribute.
>inb4 'kek, I made 600k off bittleburn'
>we all know you'll never sell, because you'd be an empty shell if you did even with all that money, so go stare at that red number on blockfolio, faggots

>>7175468
>buy walls are bullish

>>7169010
>all in on a coin with a critical bug allowing anybody to steal your funds with minimal effort
the absolute state of /biz/tards

Let's forget about the crash. Post coins your holding for 2018.

>>7114876
>1. Any technology that cryptos use can be used by the banks and the big names.
>2. Banks will only use their own system because the money is made by being first in the chain.

Yes, banks can do it, they can also create their own web search engine like Google, they can also create their own social network like Facebook, they can do anything they want, right? Because they have a shit ton of money, right? Let me go search another good examples at chase.com, the best web search engine.

>Lagarde

I'd rather take the bullet

>tfw bigbrain chad

>>7027820
Thanks for pointing out how new you are moron. The funny thing with all you new fags is, that you know maybe 2% of what happened with gox. Stuff you read on CNN. No one remembers the micro implications. And no one will tell you about it, because it is way too much worth to share it with new fags
>>7027827
>Please good sirs stop pointing out that bitconnect is a scam
>I beg you sirs I need the monies to feed my children
>Stop sirs