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by CraigRood 3278 days ago
You're gonna have a bad time if you are comparing cryptocurrency to metals. There are dozens of currencies that are widely used at the moment, and I'm willing to bet over the next 2-4 years we will get into the hundreds. Your cryptocurrency isn't valued because its rare, it's because everyone else is buying into the same coin. It only takes one new currency to come in and be better than YOURS to reduce its demand and subsequent value - no matter how rare your coins are. It's a stock market not a gold coin collection.
1 comments

Well, not me, because I use the analogy to metals to not invest in crypto currency either. They're non-productive assets. I stick to stocks, bonds, and real estate.