4 ms·

"price" != "worth"

• xaduha 4y ago
  If someone is willing to pay that price, then that's what it is worth to them, simple as that. That's what market is there for.
  • strix_varius 4y ago
    As hinted by "price" != "worth," price and value ("worth") have specific economic meanings. A quick search will give you the Econ 101 explanation of these terms, so you can understand the difference: - https://www.forbes.com/sites/forbesfinancecouncil/2018/01/04/the-important-differences-between-price-and-value/?sh=19875e564237 https://www.forbes.com/sites/forbesfinancecouncil/2018/01/04... - https://www.investopedia.com/ask/answers/061615/what-difference-between-economic-value-and-market-value.asp https://www.investopedia.com/ask/answers/061615/what-differe... - https://keydifferences.com/difference-between-price-cost-and-value.html https://keydifferences.com/difference-between-price-cost-and...
    • deleted 4y ago
      [deleted]
    • xaduha 4y ago
      I'm not going to argue terms with you, I'm not an economist. But I do hope that rwaksmunski also harumphs the term "net worth" when used by more respectable publications than cited cryptoslate.com, because I would argue "worth" of bitcoin is closer to money in whichever sense of the word than "net worth" is when usually mentioned.