[English translation] Is a cryptocurrency portfolio completely worthless

This is an article with an interesting way of thinking. The “value assessment” of currencies (assets) is, in my view, less about the value of money as a means of business (for example, transfer speed) and more about branding by issuers and founders (or the community).

Personally, I don’t think one is more important than the other; I think both are equally important. If you compare it to a company, it’s like having both development/design departments and sales/PR departments. I’m tired of debates about which is more important, but to put it simply, it feels as pointless as arguing whether the right hand is more important than the left hand, haha.

Even if there is impact and momentum in branding, if the content isn’t exciting, the support from engineers and the community will likely fade over time, which would negatively influence market price in a straightforward way. From an investor’s perspective, it’s easy to grasp by watching price movements on charts and sensing the crowd’s psychology.

Conversely, even if there is technical innovation and strong means of doing business, if the public isn’t interested, branding-powered projects that are comparable or even superior may attract the masses, potentially causing a “mass migration.”

Moreover, if branding is weak and there are few interested engineers, development may slow, and correcting the course after problems becomes time-consuming. Even if a handful of core people remain, many engineers may move to projects in demand, severely reducing sustainability and making it painful.

I know this has been a long preface, but now let’s read the main translated article.

Is a cryptocurrency portfolio completely worthless?

It has been a while since I last posted a blog article.

The main reason is that I didn’t find topics that inspired me to write. However, there is a topic I’ve been thinking about recently. I’ve had many conversations with newcomers to the crypto industry, and the questions I’ve been asked lately tend to revolve around a common theme: What makes cryptocurrency valuable?

Some time ago, I wrote an article about the value of Bitcoin and compared Bitcoin to precious metals like gold.That article can be read here (in English)The intent of this article is to share my personal speculations and understandings about the invisible factors that I believe make cryptocurrencies valuable. This content is built on the clear premise that I myself am an observer watching the world economy undergo a stage-by-stage evolution before my eyes.