I feel like these past days have proven my point.. all this fud has shown cryptos are nearly entirely speculation with most investors in it for a quick buck that will run at the sight of bad news.

There's nothing wrong with trying to make a profit in this I'm just wondering about the survival of most cryptos if the majority of the investors are simply trying to make a quick buck.

You are retarded if you can't see the question I'm asking you keep reverting back to bitcoin when I'm talking about every other crypto tech.

"People value them" is basically saying it's all speculation and there's no real value other than that behind them.

These companies have worth because they make income through the selling of product or through advertisements. If you actually read my question I was asking how something like dash or litecoin is worth multiple hundreds of dollars when really you'd be able to use these services if they were worth $1 each.

Mate I'm not asking about bitcoin I'm asking about all of them. Clearly people see bitcoin as a store of wealth. I'm asking how every other crypto has value outside of speculation because whenever I ask this no one is able to give me a legitimate answer.

After today's crash i have realised a majority of the people investing in cryptos are trying to get rich and are not involved because they believe in the technology.

So my question is. How are most cryptos anything other than pure speculation?

Things like bitcoin(store of wealth), Etherum/Eos(Dapp) actually have legit purposes but what about the currency transfer ones such as Dash/litecoin ect. How does the price of those cryptos have anything to do me sending money to someone around the world? I could still do it if dash was worth $1 each?

I'm quite heavily invested in this market and I'm still holding because I can see a bright future in some cryptos but I'm honestly questioning myself about a lot of the ones I have money in.

Can anyone explain to me in detail how most of these cryptos are worth the money people are paying for them? I understand some cryptos will burn their coins away as they're using meaning over time the supply will decrease which will increase the price but other than that I don't see how they're anything other than speculation.

I really hope someone can at least link me a site with a good explanation.

Thanks

Hey just curious and seeing if anyone can give some insight.

I know that the price of cryptos is driven by supply/demand but how does this correlate to the utility of the coin?

For example, the big banks have now decided to use the Etherum platform which has caused the coins price to skyrocket. But I'm confused as to how they relate. With stocks obviously if the company is performing good then the stock price will raise but cryptos aren't stocks.

So will the future utility of a coin have a lasting effect on the coins price or is it all completely supply/demand with trading? Because if it's nothing more than trading it kind of undermines the entire utility. I know bitcoin is used as a store of wealth but my question is about alt coins.

I'm a big fan of Blockchain and have invested myself but I can't find an answer to this.
Thanks

How is everyone determining their own fees? I use exodus as my wallet which has been either blocking all trading or charging massive fees so I tried shapeshift which is their exchange and they charge a flat rate of .0015 btc

The fees have been this high since I started in bitcoin a fortnight ago other cryptos are cheap to trade but whenever I wanted to exchange into bitcoin I'm being charged out the ass

Hey everyone I know this has probably been asked thousands of times but I just exchanged $200 of litecoin into btc using shapeshift.io and was charged $42 miner fee? That's a massive chunk that has just been lost for me just for a transfer..

Just wanted some explanation as to why the fee is so high when btc is meant to be low fee?

Thanks