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Be kind to your elders (lemmy.world)

submitted 15 hours ago by [email protected] to c/[email protected]

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[–] [email protected] 13 points 14 hours ago (1 children)

It's a speculative asset that fluctuates based on the whims of billionaire hedge funds and early crypto investors. There is zero value in owning it unless you got in early enough. And even then it's a situation of the last man holding the bag. Someone will end up losing their asses.

[–] [email protected] 1 points 10 hours ago

On average the value of any crypto token is less than 0 because of the high cost to produce and transfer them. Ironically it seems people find the most wasteful tokens more valuable. "It's hard to make so it must be valuable" or some such nonsense.