Comment by joshgrib

Agree with this reasoning - NFTs seem like they clearly have little to no real value and I think the people buying them understand that and are just doing speculation (and we know how that ends up). BTC/ETH are a little harder to gauge because they market themselves as alternative currencies rather than a product in-and-of-itself, but I still get the same fear that it's entirely based on sentiment and nothing in the real world. One article (or Elon tweet) could cause it all to drop overnight.

The USD might fall the same way, but it'd be slower and would require real-world change to happen instead of people just deciding not to use something anymore, and it's so tied up in the global currency exchange that we'd have way bigger problems to worry about than "my investment account lost all it's money". I'm pretty risk averse so I get that other people would want to play that game, I'm just not much of a gambler.

Ethereum seems slightly better than Bitcoin for the reasons you stated as well - ETH could drop to almost zero value and smart contracts would still be cool, but ultimately I'm into the tech. Feels a lot like having a lot of reddit karma to me - it's cool to the people that think it's cool, but doesn't mean much outside of that, unless you can convince someone that does think it's cool to take your fake assets and trade them for "real" assets.