cryptos get their value from the demand and the number of people whom want to obtain some them, think diamonds, they are made of the same thing as coal or wood, the reason their price is high is the fact that the suppliers keep their supply lower than the demand.
we are quick to ask why the price doesn't go up when we should ask ourselves: what I can do to raise the demand?
RE: I can't live like this anymore; Crypto should go up!
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I can't live like this anymore; Crypto should go up!
I don't agree comparing diamonds with crypto. Demand doesn't connect them; diamonds functionality is in the industry, limited and not making it valuable. But the demand in jewelry is fake and it's a matter of marketing (De Beers company exclusively)
But cryptos have valuable functionality, helping transactions, freedom for financial systems etc.
Demand is important, but it's not everything. Cryptos will change the world's financial system, but not every demanded good would.
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