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> I’m curious to hear what you guys think—-and how you determine the value of crypto. The value at any point in time is determined on the exchanges. I think a
by bestnameever 4y ago
> I’m curious to hear what you guys think—-and how you determine the value of crypto.
The value at any point in time is determined on the exchanges. I think a better question is what changes the value, creates the volatility, and so forth.
- datashaman 4y agoBuy and sell pressure.
- mellavora 4y agoNo, the clearing price is determined by the exchanges. The value is the net benefit (including future benefit) that it provides. McDonalds creates value by providing convenient and consistent hamburgers, and entry-level jobs. Bitcoin, I've been told, creates value by allowing easy transfer of funds. Thus the value of Bitcoin should be based on how Bitcoin transaction costs and externalities (lack of regulation is both a plus and a minus) stack up against other money transfer systems.