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Topic	Stock Topic 20
Forceful_Dragon 02/07/21 2:04:07 PM #265:	Colegreen_c12 posted... Gold has intrinsic value. Whether it is worth what people pay for it is another story. USD is somewhat similar to crypto in you could essentially argue its also a ponzi scheme, although it is one backed by a government and carefully regulated to ensure it has a healthy rate of inflation and that has been used a currency for a long time. Cryptocurrencys are barely even currencies. Basically nobody uses them as such, they just treat it as a store of value. Lets put it this way, if gold dropped to $0.01 an oz I would buy it cause I know its worth more than that. If bitcoin dropped to $0.01 a coin I couldn't say the same Not true of all coins. Take Stellar Lumens (XLM) for example. Stellar is an app that can be used to send currency to other people for a fraction of the cost of traditional money wiring and much faster. Rather than charging their fee for this service in any particular fiat currency their fee is charged using their own coin. As a result there will be a regular demand for this coin that rises and falls with the popularity of the apps usage. BNB is the same. It's the Binance coin that can be used to pay the fee for trades on Binance at lower than the standard rate (0.075% instead of 0.1%) so there will be a demand for the coin if only for that reason. And you could argue that those coins have the potential to lose all their value as their marketplaces become less relevant and that is true. The same way a stock can lose its value if a company goes bankrupt or a fiat currency loses value if a country dissolves or adopts a new currency. --- ~C~ FD https://imgur.com/dGDfxaw <cite>Forceful_Dragon posted [p:950380442] in Stock Topi... [t:79277198]...</cite> <quote>Colegreen_c12 posted... </cite> <quote>Gold has intrinsic value. Whether it is worth what people pay for it is another story. USD is somewhat similar to crypto in you could essentially argue its also a ponzi scheme, although it is one backed by a government and carefully regulated to ensure it has a healthy rate of inflation and that has been used a currency for a long time. Cryptocurrencys are barely even currencies. Basically nobody uses them as such, they just treat it as a store of value. Lets put it this way, if gold dropped to $0.01 an oz I would buy it cause I know its worth more than that. If bitcoin dropped to $0.01 a coin I couldn't say the same</quote> Not true of all coins. Take Stellar Lumens (XLM) for example. Stellar is an app that can be used to send currency to other people for a fraction of the cost of traditional money wiring and much faster. Rather than charging their fee for this service in any particular fiat currency their fee is charged using their own coin. As a result there will be a regular demand for this coin that rises and falls with the popularity of the apps usage. BNB is the same. It's the Binance coin that can be used to pay the fee for trades on Binance at lower than the standard rate (0.075% instead of 0.1%) so there will be a demand for the coin if only for that reason. And you could argue that those coins have the potential to lose all their value as their marketplaces become less relevant and that is true. The same way a stock can lose its value if a company goes bankrupt or a fiat currency loses value if a country dissolves or adopts a new currency. --- ~C~ FD https://imgur.com/dGDfxaw</quote> ... Copied to Clipboard!
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