What do you think and respond when someone rightfully points out that cryptocurrency is just a "medium of exchange" used to set the relative value of different goods and services? It has no intrinsic value.

Crypto-currencies are virtual items and their value is based on perception.

As crypto-coins are listed on crypto-exchanges worldwide there is a support for the perception from a large group of people.

If it was a virtual currency for ex. in a game it may lose value and disappear but the crypto-currencies (as a group) while they may lose value they will not disappear…

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