Ask HN: What is the reason behind the rise of cryptocurrency?
I have been following the rise of value but I am still unsure about reason behind its rise.
Most of the discussions point on crypto sub-reddits are about buying and HODL-ing. I sort of understand that people are investing hoping someone (A greater fool?) buys it from them at a higher value.Holding also discourages people from using it in exchange for goods and services. Isn't that defeating the purpose of a currency?
Also, what justifies Bitcoin's value at ~17k ?
I am interested in reading any neutral posts or articles analysing the rise of Crypto and where it is headed.
Most of the discussions point on crypto sub-reddits are about buying and HODL-ing. I sort of understand that people are investing hoping someone (A greater fool?) buys it from them at a higher value.Holding also discourages people from using it in exchange for goods and services. Isn't that defeating the purpose of a currency?
Also, what justifies Bitcoin's value at ~17k ?
I am interested in reading any neutral posts or articles analysing the rise of Crypto and where it is headed.