Can we just be honest and note that crypto is basically the penny stocks of the 21st century? Their real world price is completely disconnected from the utility gained from them.
You mentioned it: The price is completely disconnected form the utility gained from them. With penny stocks you actually had a share in the company. And with that comes rights. The tokens deployed grant none of these rights. So no, they are not the penny stocks of our time, they are worse.
I believe some of the people in this thread are talking about tokens and some are talking about coins.
Are they not the same?
When the clerk at 7-11 is telling me to buy bitcoin it seems all too familiar...
I told him to cash out asap, hopefully he does. I know he won't.
at least bitcoin has some utility (you can buy drugs with it) over the shitcoins