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Same as with any asset or stock, to a lesser extent obviously given higher liquidity in regular markets.
by WXLCKNO 4y ago
Same as with any asset or stock, to a lesser extent obviously given higher liquidity in regular markets.
- acdha 4y agoTechnically true but Bitcoin is a very weak fiat currency with no innate demand so the comparison would be something like penny stocks rather than assets like property which have at least some innate value or stocks representing some portion of revenue from an ongoing business. Random hashes have no demand other than their future resale value, which means demand can fluctuate wildly and it’s highly correlated.