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What gives cryptocurrency its value?

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So basically they need enough suckers to agree that it’s worth something gotcha
Comment from : @Reeldeal818

Other words it has no value at all I’ll stick with Gold and Silver
Comment from : @twodogs7817

The value of crypto is not based on actual demand, unlike gold It’s a lie to say it’s a form of digital gold It’s a made up invisible thing we are told is valuable by the very people who claim it exists It is 100 bullshit
Comment from : @yodhin79

Crypto are like 40000 gold is one Currencies are all about the same and they are not thousands It cant replace money no matter what
Comment from : @SoulM4st3r

What group of people decided bitcoin was worth anything?
Comment from : @damonkatos4271

And when crypto crashes 70 again it’s currency because the usd crashes 70 right 😂
Comment from : @audiquagaming

I must be too old to understand crypto It isn't a promissory note, it isn't backed by the US government, it doesn't represent units of work, it doesn't have any valuable physical characteristics, it isn't insured by the FDIC, it is invisible and it can't be used to buy products Why do people think it has a value?
Comment from : @DAS-Videos

What is the best way of making money from cryptocurrency?
Comment from : @LiekeNinaisaak

Currency with the background value of bought graphic cards and a lot of electricity consumption creating massive enviromental footprint Wow
Comment from : @vadkani7279

Some ppl think it has some value and thts why its digital gold 😮 whats physical value of tht cyber money
Comment from : @FahadKhan-l1u

1929 stockmarket crash nothing real to back up the investments! People never learn Nothing is nothing
Comment from : @MontyFinch

FOOLS GOLD
Comment from : @whatarefriends4

Well that really said nothing about what actually determines the price
Comment from : @bright-noise

That was a really bad explanation I believe the price should be 3 million Why isn't it?
Comment from : @billiamklein7088

Nah, gold didn’t have value because people agreed that it has value, it has value because of its properties! It’s a rare material that is uniquely and extremely usable in various ways that generate even higher values
Comment from : @ArtificialJetleg

Shit video
Comment from : @williamemery732

So, a group of 2nd graders decide that crayons have value and, lo and behold, it’s traded in elementary schools world-wide?
Comment from : @marilynd3996

As far as I understand economics, any currency not backed by a physical asset can be disastrous to economy of a country, bitcoin seems to be a hallucinated currency
Comment from : @DanishAhmad-zq1do

Ponzi
Comment from : @Hustler4ever1774

Crypto can't be print
Comment from : @amitgreat975

What gives something value are two things: brbr1) Its availabilitybr2) Its use brbrTherefore crypto currency is just a scam
Comment from : @Ramstein31469

Ok, but you have the all these tokens that serve different purposes With Render eg I can buy decentralized render-services But on the other hand people need these services, but these people are not interested in the tokens
Comment from : @MrMarcoAlvarado

That's make sense now why many of creators promote to buy Bitcoin
Comment from : @Imakesomething-eg5bw

The real value of a currency is the stock product behind Without it the value is just speculation of the imagination
Comment from : @miller59753

its a speculative asset that has no value
Comment from : @NickBigsmoke

Its nothing like gold and this never answers anything brWhat gives crypto value brMoney if fiat but its traded and backed by governments and banks
Comment from : @funfunyo7523

Value comes from a list of several things, how useful it is, how durable it is, amongst a list of different other specific needed perametersgold has been knows to not oxodize so easiliy in the elements unlike other metals, for that and other properties it has such as for electrical technological uses yet it is so limited , its pretty versatile too and of course its distinct color besides copperdare I say if copper didint tarnish like gold did I guarantee it would probably be worth more despite its higher abundance
Comment from : @lagunacorona

the music is DISTRACTING, UNNECESSARY and ruins the video I couldn’t watch it
Comment from : @OMGWUNSIU

Sorry , I still don't understand how crypto has value without any ties to the real world or any legal entity backing brThe group of ppl who agreed currency has value are from the government and governments hold tons of forex and gold , therby giving value to their word Gold/ Silver has real world applications like any rare metal thereby having value brAs far as i know, there is no entity which has value without direct (fiat, gold, reits etc) or indirect (stocks, bonds etc) ties to the real world The only exception seems to be crypto , which I simply don't understandbrI am just honestly trying to understand how crypto gets its value
Comment from : @rajesha9842