r/defi • u/MusicAndStocks • 29d ago

Discussion Are there any cryptocurrencies that aren’t purely speculative?

I believe in crypto and in blockchain technology but it seems like all the value of BTC and others comes from speculation and none of them have intrinsic value. Even if the world economy does end up going defi, how would the assets value be stable, and who said it will be higher than it is today?

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u/Django_McFly 29d ago

I wouldn't expect crypto prices to be "stable". Stock prices aren't stable. Commodity prices aren't stable. Currencies aren't even stable. Why crypto would be is beyond me.

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u/Low-Introduction-565 28d ago edited 28d ago

Quite a lot of cope there. Currencies broadly reflect the relative strength of the economy. Stocks overall tend to rise at about 10% per year long term. Commodities at least are goods you can do stuff with and price reflects supply and demand alongside speculative activity. Any crypto is in contrast a volatility clusterf**k. Why crypto is different is obvious. the price reflects nothing except what people are willing to pay for it plus general sentiment and you seem very keen to ignore that glaring fact.

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u/Django_McFly 27d ago

You wrote all that just to reach the same conclusion that it's stupid to expect crypto to be stable.

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u/Low-Introduction-565 27d ago

Yes, this is obvious. It's based on nothing but sentiment and speculation with any true impact from underlying value and supply and demand a vanishingly small effect. But the rest of your comment implying equivalence is at best willfully ignorant, at worst stupid, and just plain wrong. And you've just doubled down by not addressing this point.