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RE: Bitcoin will go to $1M / Why other cryptos won't (part 2)

in LeoFinance3 years ago

Well, I don't see crypto as shares. Just like fiat currency you own it to derive utility in other ways (buy property, pay bills) I think the same applies to crypto.

Price is usually set via the interaction of demand and supply. Why is one currency valued than the other? Simple: one is in demand than the other.

However, I agree that a lot of crypto projects just exist. They do nothing. People hold them to speculate. That has to change in the nearest future.

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Yes, I understand the market part of it; why they're trading for the price they're trading. I'm just trying to figure out how to measure that price against something tangible to come up with an actual value. Still looking...

Thanks for the reply. I appreciate it!

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