many crypto believers always poke fun at fiat currencies and their devaluation over time due to inflation. However, it seems extremely hypocritical to me to see them HODL-ing utility tokens like ethereum or xrp just because they believe one day the price would go up.
Utility tokens are never designed as a form of investment like stock. It's designed as a "medium of exchange", kinda like your fiat currencies. and to be honest, nobody actually invest in fiat currencies except for hedge against their own currencies (for example people invest in USD because they believe their local fiat currencies are crappy)
But, the success of ethereum project will not help ETH's price, because ethereum success means lower transaction fees and therefore ETH will have to go lower
The same with XRP. the success of xRapid cannot be achieved if XRP price keeps going higher. why would you bet against the project's best interest? china success directly or indirectly is affected by their cheap currency. if yuan is very expensive, do you think people would still outsource their manufacturing jobs to china? Be honest with yourself.
If ethereum foundation release a security token that represent the valuation of the project, then i might be interested. but ETH as "gas" in ethereum blockchain does not interest me as investor because everybody wants the gas price to be cheaper
Same argument against XRP, EOS, and all these other so-called utility tokenssubmitted by /u/fabzo100
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