Pekelo use your brain for once! Your are incorrect about Onecoin. This one isn't like all other alts. This one is setup by design as a real Ponzi: no mining, no exchanges, no code, no nothing like a crypto-currency (other than it has "coin" in its name). Onecoin isn't even existing in the list of all 998 crypto-coins in the world: https://coinmarketcap.com/all/views/all/, for the reason that it is a real Scam! It is sold on seminars to unknowing people in pyramided schema's paying earlier people from the seminar before: a real Ponzi. And all over the world law enforcement is now hunting them down.
You are right, it is kind of funny: https://en.wikipedia.org/wiki/OneCoin That being said, things have as much value as people attribute to them.
As I said in another thread, I never claimed it wasn't tradable, or that it wasn't EASY to game. I think it is , and have called the direction right almost 100 % of the time, going back years. The bigger the con, the more the price action resembles pure supply and demand. I think J. Wadsworth Finkmore said that.
So why do we care about the underlying, fundamental issues of Bitcoin if we don't care in the case of Pets.com or Tesla? As long as it is tradable, just trade it and take advantage of it. We don't have to agree with the original purpose of the company/crypto, as long as we are right when we bet on it. The Navy used to have a saying: If it moves salute it, if it doesn't move, paint it. We could say the same: If it moves, trade it...
Look. Intrinsic value is whatever you can get for something right now. In a war situation, are you going to take payment for a loaf of bread or tank of gas, are you going to take bitcoin or gold? Or silver or copper or a bond? I would take precious metal. I would laugh at someone offering bitcoin.
A Gold/Silver coin or two or twenty. Otherwise I'd laugh at anyone who think they can lug much more. Anyway in wartime the real metal to possess is a gun and plenty of ammo.
The move will maximize ups and downs even in a widely volatile market and the development that could cause their price determinants to change over time.
This might soon: Bitcoin Options Will Be Available This Fall https://www.bloomberg.com/news/arti...-become-available-in-fall-after-cftc-approval