What actually determines the value of a crypto? | |
The Tard Wrangler User ID: 81733079 Australia 07/19/2022 04:11 AM Report Abusive Post Report Copyright Violation | |
Mez353 User ID: 83745373 South Africa 07/19/2022 04:12 AM Report Abusive Post Report Copyright Violation | 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. |
Anonymous Coward User ID: 80853800 United States 07/19/2022 04:13 AM Report Abusive Post Report Copyright Violation | 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? |
Anonymous Coward User ID: 77566042 Germany 07/19/2022 04:15 AM Report Abusive Post Report Copyright Violation | How do we know those numbers that are changing every second aren't being manipulated by a computer algorithm? Quoting: E CaT PanTHer Someone invented crypto. Someone invented Blockchain. So who has the keys to these computer systems? And honestly, if you can't provide the actual formula for what determines the intrinsic value of a crypto at any given moment in time, then you can make the legitimate argument that there's definitely some manipulation happening in the back end, right? It's called CRYPTOGRAPHY you dumbass. You know when you encrypt your computer with an algorithm that takes over 1,000,000 years on a super computer to decipher... Go read it up on it before making an anti-crypto troll thread. |
E CaT PanTHer (OP) User ID: 82383567 United States 07/19/2022 04:21 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Mez353 83745373 Good job to the early investors who made a killing but to me they're all ponzi schemes. 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. |
E CaT PanTHer (OP) User ID: 82383567 United States 07/19/2022 04:24 AM Report Abusive Post Report Copyright Violation | Even better question, aside from mining specifically how else can someone obtain crypto? Quoting: Anonymous Coward 80853800 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? 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. |
E CaT PanTHer (OP) User ID: 82383567 United States 07/19/2022 04:29 AM Report Abusive Post Report Copyright Violation | How do we know those numbers that are changing every second aren't being manipulated by a computer algorithm? Quoting: E CaT PanTHer Someone invented crypto. Someone invented Blockchain. So who has the keys to these computer systems? And honestly, if you can't provide the actual formula for what determines the intrinsic value of a crypto at any given moment in time, then you can make the legitimate argument that there's definitely some manipulation happening in the back end, right? It's called CRYPTOGRAPHY you dumbass. You know when you encrypt your computer with an algorithm that takes over 1,000,000 years on a super computer to decipher... Go read it up on it before making an anti-crypto troll thread. 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 |
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Strate8 User ID: 80069283 United States 07/19/2022 05:36 AM Report Abusive Post Report Copyright Violation | 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. trolls vs bots - we live in a scifi world |
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Anonymous Coward User ID: 80594328 Belgium 07/19/2022 05:58 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Mez353 83745373 Good job to the early investors who made a killing but to me they're all ponzi schemes. 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. 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. |
PhiloSophiaZoso User ID: 83035327 07/19/2022 06:03 AM Report Abusive Post Report Copyright Violation | Ur mom Nature in human form. Everyone and everything is an aspect of self. Thread: Unseen Dimensions: Journals of an Interdimensional Traveler Thread: How To Get Into REAL Heaven VS. Yahweh's Deception Heaven We ride on the silver lining of a light beam which appeared from nothing out of nowhere somehow. It’s always been socialism for the rich and brutal individualism for the common folk. "Simplicity is complexity resolved" Constantin Brancusi Give love a chance. #BanWarProfits |