What actually determines the value of a crypto?

The price is determined by how many stupid cunts buy it

Yes I know, it's all "derived value" and as such has no real comparison to something that you can actually pick up and hold in your hand but even the value of those things are based on external factors, supply and demand, rarity value etc.

Good job to the early investors who made a killing but to me they're all ponzi schemes.

Even better question, aside from mining specifically how else can someone obtain crypto?

Another question, why do most of the popular crypto currencies follow similar trends in terms of currency stability?


I wonder if we will see another major shift in these markets including that of the central banks?

Fair point, but wasn't the whole point of crypto to create a hedge against inflation, the stock market, and the dollar?

Not only have they not provided protection, they're almost perfectly correlated with the dips in our economy.

Even gold and silver, the inflation hedge gold standard (no pun) has gone down significantly along with everything else which is strange.

Exactly, and just further proof the FED has definitely pumped trillions of newly printed money in crypto just so they can control that market too.

I legitimately didn't know, that's why I was asking.

Knowledge is pretty widespread bro, just bc you've read up on cryptography doesn't meant the entire world has.

Try taking a more humble approach when you respond and help people understand instead of yelling "dumbass"

Just a suggestion

Supply and demand.

More people want it, it goes up.

The amount of it that gets bought determines its value.

The value of a crypto is determined by a random number generator that exists thousands of feet below the Denver Airport. It is fueled by direct geothermal energy and is supposed to last 10,000 years.

Just burned a $100 bill.

I could have spent it on crypto but at least by burning it I had a remote chance of getting my money back…

Cryptos only value is transactional.

How many people actually use it to buy things. In that respect it has no more value than any other type of currency. And currencies are not a store of wealth.

Currencies which are not stable are also of little value transactionally.

So the vast majority of cryptos suck.

The closest way to value crypto is by market cap in my opinion. Wouldn't touch anything outside the top 50 in market cap.

Most that buy and hold crypto are speculators in something they do not understand. That usually does not end well.

The value depends on how many suckers buy it. A lot of suckers...value rises. Few suckers...value drops. Simple.

No and no. BTC is a beta test implemented by certain agencies. The derived values aren't the units of measure (i.e. 1BTC, 19 ETH, 1900 XRP) but the enclosed system itself. What determines the price, yes algorithm trading....but remember the price fluctuations are based on factors humans can't even begin to imagine. How?

One example, many of these systems are set up to promote Machine Learning. Data sets, data queries, images are all valuable to ai interfaces. They are A.I. to A.I. payment systems, Financial Institutions to A.I, Corporations to A.I. You get the drift.
The applications are in a nascent stage, thus subject to intense price fluctuations.

So is there a place for humans? I guess, that's what the IoV is and what interoperability will allow. Peace.

Ur mom