It has no intrinsic value.
Let's say that an enormous civilisation-destroying quake hits tomorrow and you have food to trade. There is no electricity and no refrigeration, just dead bodies and rubble everywhere. The nation will take 10 years to rebuild at least.
Four men offer to buy your food: one offers cash, one offers gold, one offers bitcoin, and the last offers to trade for different tinned foods.
Now you list which offer is best in order of being beneficial to you. This is how you'd prioritise selling:
1st, food trade.
2nd, gold.
3rd, cash.
4th bitcoin.
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $177.3M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6274000 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 2537187 | 6 |
View Market Depth
| Last trade - 16.12pm 20/06/2025 (20 minute delay) ? |
| NMG (ASX) Chart |
Day chart unavailable