Cryptocurrencies are ponzi schemes (19 replies)
My understanding is that the entire value of CC is driven by demand and the hope they will appreciate. Great if you get in at $1000 and sell at $50,000. Not so great when you get in at $50,000 and the bottom falls out.
They appear to have no intrinsic value. They drain enormous amount of power to be mined (Bitcoin at least).
In ten years maybe I'll be buying bread and milk with my Dogecoin salary, but until then I just don't see it.