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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.
by 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 agoAs 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 agoI'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.