Is trading cryptocurrencies actually destroying their intended purpose?

Recently I became interested in cryptocurrencies and have started trading. I enjoy it. I'm doing it for fun, and I am being careful, emotionless, and trying to make a small amount of profit at a time.

But then I had a conversation with my father that has made me rethink the entire concept of trading them. Bitcoin and altcoins exist because they were intended to function as a new type of currency. However, because they are now being traded like commodities for the mere sake of making a profit, they are extremely volatile. It seems to me that as long as they remain extremely volatile, they will never actually be useful as currency. If that is the case, won't they eventually all crash? Or will people's interest in them as something to trade somehow keep them a float, while changing their purpose altogether.

This question is really, really, bothering me. Part of me says: shut up, make some money because you need it, and see what happens. The other part of me (and my father) says: stop trading these currencies and instead, spend them on real things, help to give them ACTUAL VALUE, and don't ruin a fantastic idea for the sake of profit.

Sort:  

Congratulations @goldmandefender! You received a personal award!

1 Year on Steemit

Click here to view your Board

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @goldmandefender! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Congratulations @goldmandefender, you have decided to take the next big step with your first post! The Steem Network Team wishes you a great time among this awesome community.


Thumbs up for Steem Network´s strategy

The proven road to boost your personal success in this amazing Steem Network

Do you already know that awesome content will get great profits by following these simple steps, that have been worked out by experts?

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 60309.00
ETH 2342.16
USDT 1.00
SBD 2.55