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Maybe not meant to go up

Derek Hughes
Maybe not meant to go up

Price of al crypto assets is speculation right now. Later utility and network effects + value of assets on network will add to the value. We are no different.

But surely this is good news for the future real world utility of Hederas DLT which in turn will increase the demand and price of hbar? Or am i missing something?

Phil
But surely this is good news for the future real w...

Totally.... And I do hope that some big announcement will create a narrative that a price appreciation could build upon.... It's just that the current market has nothing to do with fundamentals. It's built on fantasy and manipulation. If big players can plug Hedera into the fantasy/manipulation game, then might see a big gain... I've also said that we might have to wait through another crypto winter for the market to switch to a fundamentals valuation looking at real-world utility, but a market based on fundamentals may come to very different valuations than the current bubble market.

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