Nice analogy. Like the image, crypto world is very big and yet to be uncovered. Its just the peak of the iceberg which is visible. Sure it will take time to stabilize, but its going to be the future.

A good opinion and idea, you have a great ability to create a brilliant ideology. Congratulations and success for the participation. Your ability to be praised.

great job

Amazing. Thak you for sharing

Yes, bitcoin grew more when we gave it that value !! Otherwise it was nothing once. So did steem !! 

We can’t touch love, thoughts, ideas, god or emotions, but we still have faith in these. Similarly we cant touch bitcoin, we can only believe it !! 

Nice work 👍🏻 

![9DC33273-A894-42DC-949D-E886F7BAB051.png](https://steemitimages.com/DQmSgQHu3EWhnjezUa5sz2zVB1gLjQ9bP6rR4mAsp9RTST2/9DC33273-A894-42DC-949D-E886F7BAB051.png)

Thank you for sharing! While I agree on a certain level regarding what you said about the value of objects, value can be determined in many ways. Diamonds and coal may be similar in term of molecules, but Diamonds are condensed under immense pressure, making them extremely durable. Diamond is used on the tips of many drills too, making it valuable.

The factors of value are made up of demand of course, but value then correlates with that _supply_ of something. Then, we must look at value As a factor of use cases too. Cryptocurrencies have outstanding use cases that people demand, and are limited in supply, which explains their value adequately.

Thanks for sharing!

@kyriacos
Indeed, value is only determined by demand and what the masses deem to be valuable. 

Not sure how masses can believe in value of Fiat but not in crypto, the difference is that we as the masses could have control over crypto values, and not be dictated to by a select few who end up minipulating fiat for their own gains, leaving everyone else out of the equation.

We actually have an opportunity to create our own wealth, but then also at the same time as much as we are able to control our own destiny with realised profits, we also have to be brave enough to take the responsibility for possible losses.

Bottom line is we as the masses want decentralised currency. so we can spread the worlds wealth more evenly, with being told what to do with our own money.

The belief is what metamorphoses intangible commodity into a tangible stuff of great value.
We can't see the air we breath yet it remains the most tangible gift for survival

If bitcoin is an iceberg, then who are we? passengers of the Titanic?

But problem is organizations like bitconnect, nicehash, etc they just  shut down their company,site ( whatever it called ) now millions of investers on the street.. we need to regulate atleast .. don't ask me how.lol
Thank you for the post it gives deep understanding about crypto currency.

Absolutely spot on! The real problem people have is not understanding why others see value in the thing in question (like cryptocurrency in this instance) not that it's intangible. They are just trying to rationalize their fear of the unknown or at least the non-understood.

Absolutely right and it's a good article 👍🏻

Lovely Cryptocurncy I like it

that's pretty cool to know....

Yes, value is subjective; I think most people who have conflict with this fact are too fearful to not accept that there can be values apart from what an authority or some tradition says it is.

Since I started investing in cryptocurrency, this question used to pop up from time to time. People who are investing in gold and shares have a very hard time grasping investment in cryptocurrencies cause of their intangibility. Nicely explained post :)

If one starts a conversation about cryptocurrencies, and someone inevitably brings up the subject of  tangibility, that's your cue to bring up the subject of religion.

Like the value we give to certain posts.