A big problem with crypto is that the value is so variable. There is no solid ground for value, only perception of future value. For example, if you're a baker who accepts dogecoin, how do you value a loaf of bread if doge yaws so much?

Even bitcoin is only at a transient value - you have no way of knowing what a bitcoin will be worth one year from now, or two years.You cannot have a reliable currency whose value is unstable to this extent. It is only speculative, and that reduces to pure gambling.

Crypto is conceived as a way to decouple money from governments, but without tying money to something stable, you risk the whim of the masses.

Now, they want to tie value to the idea that there is a finite known amount of bitcoin. For others like doge there is no quantity limit, so the value can easily be diluted hence is terrible risky.

The value of some cryptos is also related to the networks behind them. which might be given some estimated value for doing commerce.

But all crypto's value right now is based solely on public perception. The only good strategy then is to take profits periodically. Buy and hold is completely gambling, risk taking.

A big problem with crypto is that the value is so variable. There is no solid ground for value, only perception of future value. For example, if you're a baker who accepts dogecoin, how do you value a loaf of bread if doge yaws so much?

Even bitcoin is only at a transient value - you have no way of knowing what a bitcoin will be worth one year from now, or two years.You cannot have a reliable currency whose value is unstable to this extent. It is only speculative, and that reduces to pure gambling.

Crypto is conceived as a way to decouple money from governments, but without tying money to something stable, you risk the whim of the masses.

Now, they want to tie value to the idea that there is a finite known amount of bitcoin. For others like doge there is no quantity limit, so the value can easily be diluted hence is terrible risky.

The value of some cryptos os also related to the networks behind them. which might be given some estimated value for doing commerce.

But all crypto's value right now is based solely on public perception. The only good strategy then is to take profits periodically. Buy and hold is completely gambling, risk taking.

A big problem with crypto is that the value is so variable. There is no solid ground for value, only perception of future value. For example, if you're a baker who accepts dogecoin, how do you value a loaf of bread if doge yaws so much?

Even bitcoin is only at a transient value - you have no way of knowing what a bitcoin will be worth one year from now, or two years.You have a reliable currency whose value is unstable to this extent. Crypto is conceived a a way to decouple money from governments, but without tying money to something stable, you risk the whim of the masses. Now, they want to tie value to the idea that there is a finite known amount of bitcoin. For doge there is no quantity limit, so the value can easily be diluted hence is terrible risky.

So all crypto's value right now is based solely on public perception. The only good strategy then is to take profits periodically. Buy and hold is completely gambling, risk taking.