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RE: Stop Investing In Ripple! (XRP) Warning. DO NOT BUY. Here's Why:
True. But it makes sense when you realise central banks are buying crypto now to add to their books. https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/amp/&ved=0ahUKEwjs67mSr77YAhVFBcAKHTC6DgYQFggcMAA&usg=AOvVaw2lTRiEz75t2C2mBr7HovO7&cf=1
Would be strange to my opinion. Why would they buy something at inflated prices in a clear mania ? Most of the coins have no real application and probably will never have.
But ok everything is possible. Maybe bitcoin could make sense in some way
You can’t put a value on the coins so you can’t call the prices inflated
Why can't we put a value on it ? It's a technology to increase efficiency/privacy. That could be valued. Plus we can compare to companies on stock market.
Explain how it can be valued like stocks. They’re completely different
For me market value is the total market cap. Intrinsic value is off course something different.
But if we compare market cap of a crypto to the market value of a company it is trying to disrupt it should give us an indication no ?
Like imagine if market cap of steem would be higher than facebook. Would be strange in current times no ?
For me it's the case in the Ripple story. Maybe there is some potential but way to early to be valued like a blue chip
The exchanges do place a price on coins but the coins themselves are priced on how much people are willing to buy them for and they don’t give dividends like stocks so they’re valued from speculation more
But that's that the same with stock market. People are willing to pay in correlation for what they expect to benefit.
Doesn't matter if its divend or value increase. Moreover crypto like EOS will give some dividend when people rent out their holdings
stocks are build on debts... this is also all virtual money... so better have it virtual with technology, security and independence not just simple decimal formats on a e-banking html site... the banks have to much work, let us buy real cryptocurrency and relieve the banks.. ;-)