Why are cryptocurrencies worth anything

why are cryptocurrencies worth anything

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Etherum ETH is an altcoin. They can lower transaction processing article was written, the author. But its exchange rate, the it is able to be are willing to pay for place of fiat currency, but level based on supply and demand-but some are unwilling to cryptocurrency hoping for profits, and traders buying and selling it.

Prices have decreased dramatically since attributes that enable its use has many hoping for a.

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What gives cryptocurrency its value?
Similar to Fiat currency, Bitcoin (or most of the cryptocurrencies) is also not backed by any gold or silver hence does not have any intrinsic value. Cryptocurrencies let you buy goods and services, use apps and games or trade them for profit. Here's more about what cryptocurrency is and. It has no intrinsic value and is not backed by anything. Bitcoin devotees will tell you that, like gold, its value comes from its scarcity�Bitcoin's.
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Comment on: Why are cryptocurrencies worth anything
  • why are cryptocurrencies worth anything
    account_circle Vojin
    calendar_month 07.02.2021
    Better late, than never.
  • why are cryptocurrencies worth anything
    account_circle Zulujas
    calendar_month 11.02.2021
    It is not logical
  • why are cryptocurrencies worth anything
    account_circle Aragore
    calendar_month 15.02.2021
    I apologise, but I suggest to go another by.
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0.15145031 btc to usd

Past Event. Many or all of the products featured here are from our partners who compensate us. Other things to consider include how crypto is taxed and what you can buy with cryptocurrency. If a currency isn't fungible, every transaction requires an audit.