Crypto: Making Value Out of Thin Air?

[TomPluz]

Many years ago, I already had this feeling that the biggest reason why we are seeing a lot of volatility and in addition scams and frauds in the cryptocurrency market is all because people are seeing that in this industry we are just making money out of thin air...hence there is really no big value to what we are doing here and indeed we are witnesses to many crypto platforms that come and go as if gone with the wind for good.

And with resurgence of memecoin in this cycle of the crypto era, we are again seeing investors looking not for value but for one that can give them x10, x100 and even x1000, of course. So this has become like a gambling thing.

Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?





 

[bitterguy28]

Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?

it’s no secret crypto gives off money and profit but i don’t see it as money created out of thin air we invest our money, time, and effort into crypto which gives us results it is almost the same as other assets where you invest and you see its value grow over time

anyway due to crypto’s nature i believe aside from profit it also will change the world in terms of technology and is already doing it now actually step by step so i see no ‘end’ in crypto just growth

[libert19]

I don't think cryptos value is out of thin air, it's community that gives anything value, and community is very real, and you can't fake community's trust, you can buy shillers but they can only go far.

Yes, crypto is highly speculative sector, but nonetheless it's people's faith in particular cryptos that drives the value.

[Tribalchief]

I don't think cryptos value is out of thin air, it's community that gives anything value, and community is very real, and you can't fake community's trust, you can buy shillers but they can only go far.

Yes, crypto is highly speculative sector, but nonetheless it's people's faith in particular cryptos that drives the value.

Exactly, that's what i wanted to say. Crypto don't just gain it's value from thin air. It values comes from the agreement between every individual in making it a general language/acceptable medium of exchange. I think Andreas Antonopoulos wrote about how why Bitcoin has it's value in his book titled: The Internet of money(vol 1), which I think same reason also applicable to other coins.

This is why new crypto projects that gets so many attentions and hype sometimes end up doing well, because all focus are channelled to it. Unlike a project, that didn't receive too many community attention and hype. So, I think the community actually create the value, and nothing else.

[MrSpasybo]

Many years ago, I already had this feeling that the biggest reason why we are seeing a lot of volatility and in addition scams and frauds in the cryptocurrency market is all because people are seeing that in this industry we are just making money out of thin air...hence there is really no big value to what we are doing here and indeed we are witnesses to many crypto platforms that come and go as if gone with the wind for good.

And with resurgence of memecoin in this cycle of the crypto era, we are again seeing investors looking not for value but for one that can give them x10, x100 and even x1000, of course. So this has become like a gambling thing.

Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?

Well, I'm sorry to say but most tokens in the market today derive their value from speculation, or in other words, these projects are creating no real value or they are overvalued compared to their actual capabilities. Besides BTC, which is widely accepted and has the potential to become a reserve asset for businesses and governments, many tokens don't actually have any value for users beyond the purpose of speculation to make a profit.

Anyway, the crypto market is still in the wild west and everything is in the game of pump and dump by whales. I'm not saying all tokens are meaningless because BTC is truly valuable and many blockchains have great potential in the future, but I also can't deny that the thousands of memecoins in existence are just worthless nonsense for the world.

[Themepen]

I think cryptocurrency market is unstable and has many scams because people think they can make money easily. This makes people focus on quick profits instead of long term value. Return of memecoins has made this worse. Investors want to make a lot of money fast instead of steady growth. This has turned market into gamble, where luck and popularity matter more than real value.

I hope the industry will grow up and focus on real value but I am worried people will keep trying to get rich quick. The idea of finding pot of gold might be an illusion. We need to separate hype from reality. Real value in cryptocurrency will come from useful applications.. new ideas and helping society. Until then market will be unstable and driven by speculation.

[Findingnemo]

Value as price created in terms of market demand.

Value as utility created based on the applications.

So it's not just like the value created for no reason means it's not created out of thin air, yes it's highly speculative and volatile market but it doesn't interpret that it has no real value on the other hand the fiat we are using has no real value purely working based on trust based system.

[Aanuoluwatofunmi]

Its possible, making value out of thin air with cryptocurrency, but only those who knows how to go about it will also enjoy on what it gives, though nothing comes as easy as that, but we keep on striving and trying our best till we achieve the best in cryptocurrency, we can make value with crypto by what we do, how we understand it and the insight we have about the networks in it.

[MrSpasybo]

Its possible, making value out of thin air with cryptocurrency, but only those who knows how to go about it will also enjoy on what it gives, though nothing comes as easy as that, but we keep on striving and trying our best till we achieve the best in cryptocurrency, we can make value with crypto by what we do, how we understand it and the insight we have about the networks in it.

We've witnessed the creation of NOT, HMSTR, and DOGS within the Ton ecosystem, as well as the thousands of memecoins on Solana and Tron that have ignited the market with their price surges. These tokens, essentially minted out of thin air, have nevertheless captured significant investor attention and capital flows. While their liquidity may not match that of BTC or ETH, they possess a market price solely driven by speculative demand.

This phenomenon is unsurprising. A majority of tokens in the market are primarily valued based on investor faith in their future prospects. Their intrinsic value is often minimal or significantly below their market price. This reality, while not ideal, is widely accepted by many investors who are primarily focused on generating profits rather than eradicating memecoins ^^

[Aanuoluwatofunmi]

Its possible, making value out of thin air with cryptocurrency, but only those who knows how to go about it will also enjoy on what it gives, though nothing comes as easy as that, but we keep on striving and trying our best till we achieve the best in cryptocurrency, we can make value with crypto by what we do, how we understand it and the insight we have about the networks in it.

We've witnessed the creation of NOT, HMSTR, and DOGS within the Ton ecosystem, as well as the thousands of memecoins on Solana and Tron that have ignited the market with their price surges. These tokens, essentially minted out of thin air, have nevertheless captured significant investor attention and capital flows. While their liquidity may not match that of BTC or ETH, they possess a market price solely driven by speculative demand.

This phenomenon is unsurprising. A majority of tokens in the market are primarily valued based on investor faith in their future prospects. Their intrinsic value is often minimal or significantly below their market price. This reality, while not ideal, is widely accepted by many investors who are primarily focused on generating profits rather than eradicating memecoins ^^

Lets keep on with the expectation that many of the crypto projects will be as productive as the once that have once existed before them, but we also have our own role to play in making the right decision over which of them to use, we need time to make the right selection, choose the right part and make the effective decision that could be a productive one on us in other to see them rewarding as we have expected.

[Faisal2202]

Many years ago, I already had this feeling that the biggest reason why we are seeing a lot of volatility and in addition scams and frauds in the cryptocurrency market is all because people are seeing that in this industry we are just making money out of thin air...hence there is really no big value to what we are doing here and indeed we are witnesses to many crypto platforms that come and go as if gone with the wind for good.

And with resurgence of memecoin in this cycle of the crypto era, we are again seeing investors looking not for value but for one that can give them x10, x100 and even x1000, of course. So this has become like a gambling thing.

Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?

You are right many people really don't understand at first how the crypto market came into place and they think someone is controlling it and putting money in it and thus that money is being traded, etc. Although it's partially true that not one person is adding liquidity but millions of people are adding. The scams and hacks are the result of bad actors who want to make quick and more money, they don't care about the way they are following they just care about money, which is so evil.

Therefore we all should learn the moral lesson that stealing money from others can't give them peace of mind.

In the end, the market is huge, and we will see a lot of things although right now due to ETFs and government entrance in this field, the chances for getting something at the end of the rainbow has been increased.

[albon]

I saw the boom in crypto in 2017 and there were very few scam projects. In fact, there needs to be a commitment to punish those who do scams by law, then the number of scam projects will decrease. But that's a different story because crypto is still banned in many countries. Meme coin on the other hand it can make you rich or poor. It is also possible that you have not made any profit after holding a lot of meme coin.
Moreover, there are reasons why some crypto coins disappear because these instances are rare and unique to that particular coin. There are plenty of bright ideas in the crypto world, but not every blockchain innovation will find its way to mainstream use. So if you are planning to invest in cryptocurrency, proceed with a healthy dose of caution.

[Sim_card]

Many years ago, I already had this feeling that the biggest reason why we are seeing a lot of volatility and in addition scams and frauds in the cryptocurrency market is all because people are seeing that in this industry we are just making money out of thin air...hence there is really no big value to what we are doing here and indeed we are witnesses to many crypto platforms that come and go as if gone with the wind for good.

And with resurgence of memecoin in this cycle of the crypto era, we are again seeing investors looking not for value but for one that can give them x10, x100 and even x1000, of course. So this has become like a gambling thing.

Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?

You cannot make money in crypto if you don't invest fiat into it and for this reason you are not making value out of thin air, but you only allow your money to work for you just like normal traditional investment. Those that gets profits from airdrops took their time and resources to work for the project. If you buy bitcoin, you need to hodli for many years for you to have a good profit, and if you are into altcoins, they is a big risk because it is similar to gambling due to pump and dump. The volatile nature of crypto makes it very risky to deal with and a lot of people have run at big loss without making any profit.

[PrivateKayla]

It's usually critics of crypto who would say this, mainly because crypto doesn't operate traditionally. Crypto isn't tied to assets like gold and is decentralized. Its value comes from use cases or utility, market demand, user consensus, and potential for innovation and adoption.

[Stompix]

it’s no secret crypto gives off money and profit but i don’t see it as money created out of thin air we invest our money, time, and effort into crypto which gives us results it is almost the same as other assets where you invest and you see its value grow over time

It's definitely not like other assets!
First is the virtual thing, you have nothing tangible, and your crypto assets can evaporate into thin air along with their value just like the value was created, if nobody wants to buy your coins then their value is zero! With a house you still have the house even if nobody wants it, with precious metals, you still have the metals, cryptos are more like a version of a real estate on Minecraft!

Exactly, that's what i wanted to say. Crypto don't just gain it's value from thin air. It values comes from the agreement between every individual in making it a general language/acceptable medium of exchange.

That's the definition of thin air!