Cryptocurrency: Making Money Out of Air?

[TomPluz]

There is that persistent concept in some people that cryptocurrency is just actually making money out of air. In other words, everything in cryptocurrency are based on nothing of really valuable in the first place, and therefore we can say that in the long-term the future of this whole thing is not so bright but bleak. This can be likened to the printing of money which many central banks can be doing right now.

How valid is this assumption and what can be the best argument against this impression?

[Crypto Guard]

It could be making so much money, and it could also make us poor in an instant. It all depends on how we organize and manage our crypto assets. Because in crypto everything is in our settings.

[iloveyobit]

can be true but i don't agree with their vision because there is lot of currencies now are heading to the real world with their projects because cryptocurrency is all about the real world and the people and if your project is not dealing with daily people life or helping them solving problems so it's not worth it .

[raisajahan]

the idea of money or currency is that it arises as actual value and it set against commodities it can buy  and so kind of represents.

[indexx]

To be honest, there are a lot of possibilities in crypto. because indeed investing in crypto is full of uncertainty. and indeed sometimes we can get a very large profit and it is not unexpected. So in my opinion this crypto can indeed be called a future asset where the benefits really come from the air.

[Pheonyx]

 I think the best way to find a good response from this question is to find out who says it and why he says it. From it we can give a fine response that can be helpful not just to the community of crypto but for that particular person.

[bigcash2011]

Those type of questions are very 2016-17ish as we used to see such questions very often. The thing is that now the world has accepted the reality of crypto assets and we are quickly moving towards crypto adoption so forget about this and try to accumulate more before the rocket moves big time.

[sergeybobrov]

Financial markets are updating their highs in stocks and lows in yield in bonds and here it turns out that the stock market is a huge bubble and air trading. Many crypto projects also cost nothing and are bubbles, but not all.

[KryptoBull]

Before there were DeFi projects (not based on liquidity pools), it was primarily the value of the crypto market that was the community's expectation of the applicability and future profitability of the project. Then, the P2P loan helps people to save intermediary costs, and more convenient in financial matters, which also creates a part of real value for crypto.
The only way to convince people to believe in the value of crypto is that projects should soon have products that are truly useful for everyone.

[Paglamon]

Cryptocurrency is considered as one of the sources of earning money in different countries of the world. So it has gained a lot more popularity than cryptocurrency. Blockchain technology is considered as one of the sources of revenue. Technology has spread all over the world. So it is possible to earn constantly from the cryptocurrency market.

[KKH84]

Actually making crypto has a purpose (except for the scam) because before crypto was launched it was clear what crypto would be used for, whereas the printing of money by the central bank is actually just to enrich yourself, I think there are many.  evidence to show it.

[Max Way]

Not the more the emergence of an easy tool for transactions, the more valuable the tool will be !. This means that crypto could potentially become a popular transaction tool in the future so that it might become the foundation of the world economy because everything is easier. I think this can be a benchmark against the argument. But again, we can't predict what will happen in the future.

[Senin]

There is that persistent concept in some people that cryptocurrency is just actually making money out of air. In other words, everything in cryptocurrency are based on nothing of really valuable in the first place, and therefore we can say that in the long-term the future of this whole thing is not so bright but bleak. This can be likened to the printing of money which many central banks can be doing right now.

How valid is this assumption and what can be the best argument against this impression?

We know that cryptocurrency grows well in value when capital is invested in it. Therefore, we hope for new investors so that the cryptocurrency market grows in value. Therefore, cryptocurrency does not create money out of nothing. In fact, it redistributes the money invested in it. In order for someone to make a profit, someone else needs to suffer a loss. These are the harsh laws of the market.

[Fivestar4everMVP]

This is a very wrong assumption, I mean how can someone in his or her right senses even assume such a thing? If they say making money in crypto currency is like making money out of thin air, then what do they have to say about making money with Forex trading? That's also making money out of thin air, before I made money in crypto, I had to either invest my fiat currency in crypto, it rose and I made some profit or do some crypto work like joining in bounty campaigns to promote projects and I got paid, how is that making money out of thin air.?

[mohdelayo]

There is that persistent concept in some people that cryptocurrency is just actually making money out of air. In other words, everything in cryptocurrency are based on nothing of really valuable in the first place, and therefore we can say that in the long-term the future of this whole thing is not so bright but bleak. This can be likened to the printing of money which many central banks can be doing right now.

How valid is this assumption and what can be the best argument against this impression?

I disagree that cryptocurrencies are money out of air, what does that even mean? How do you think the traditional paper currency is accruing its value? Because its printed tangibly by the government and thus its accrued value. The value of cryptocurrencies comes from the greatest resource and that is the people, understanding the value of cryptocurrencies also mean understanding the power and value of a number of people.