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In case of Bitcoin the intrinsic value and the market value is the same. Because, the intrinsic value usually indicates that what customers think of a company, share or stock's value compared to what it's market value actually is. But, for Bitcoin whatever the sellers perceive the value to be, it is sold for the same value in the market by them and bought by others.
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Cardano has proved to be one of the most successful projects of recent times. It is even rumored to be added in the exchange that is going to be introduced by ICE stock exchange. So, there has been quite a huge buzz circulating this coin. Though ETH has been dominating ALTs scene for a long time, but recent market situation seems like it is very likely for ETH to get replaced soon by a better coin like Cardano.
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Bitcoin definitely have a lot of utilization of it just like fiat currencies can be used for smuggling and charity for the same time. It's us to decide which one we should promote or try to show the next generation so that they can learn from it.
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Not only China, but also there are a lot of countries like India, Brazil, Russia who have either restricted the usage of Bitcoin or have totally banned it. Them, trying to either regulate it or legalize it might bring a huge change in Bitcoin's current market.
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We had to be very patient for whatever technology we have right now. Even blockchain and bitcoin have needed years to get developed to their current state and still there are changes being made which are developing these technologies and making them usable for future. If Schnorr takes more time, I think we are all willing to wait for it too.
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Right now, both Bitcoin and Altcoin market is showing a stagnant state, and if we go through wave's theory then it might prove to be the calm before the storm for the market. Since, according to wave's 5th wave the volume of bitcoin will slowly keep reducing before throwing it to a bullish trend in the future.
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I don't know why but seems like Bill Harris is very salty about Bitcoin, either he have made a huge loss out of it or he is secretly holding BTC so that he can make profit out of it once people have abandoned it. Anyways, such opinions carry little to no value rather spreading unnecessary fear among a whole community, it is better if we learn to ignore these.
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How come our vote can change the price of Bitcoin? That is like trying to solve a math problem using philosophical views. Anyways, just wait and hope for the best right now and if possible invest while the price stays low as I think Bitcoin is going to rise soon after the recent correction according to wave's theory. But will it happen during 2018 or start of 2019? Honestly, I don't know.
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There are some good reasons behind the market to crash like this. First of all, people were converting their Alts to BTC when there were speculation regarding Winklevoss' ETF which caused the ALTs to bleed and now that the ETF proposal has been rejected the BTC market is also facing a correction. Among such situation it is very hard for people to not to lose their cool.
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