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It is the question since I first heard about bitcoin, ethereum and then many others. Most tokens or crypto currencies, usually offer a utility on their respective platforms. Bitcoin is to distrupt traditional payment networks. But if everbody holds bitcoin for speculative reasons and never makes transactions with it, then how can it become a payment network? In that case, how can we suggest that bitcoin has an intrinsic value at all? Same holds for ethereum and many ethereum based utility tokens. For example, insurex claims to decentralize insurance industry and people hold their token in hope for the network will indeed grow. But then if they dont use the tokens for insurance transactions how could it happen? Finally, if everybody holds ETH for speculative reasons and not develop decentralized platforms, how could it become of the new internet?
thanks for the usefull chart. but again, as you also mentioned we do not know for certain that those transactions are for P2P payment reasons. It is most probably one speculator buying BTC from another. I believe hoarding is the most dangerous problem for all crypto economy. :/ – Ziggystardust – 2018-01-31T09:11:42.063