3 ms·
All valuations are “made up” numbers.
by lotsofpulp 5mo ago
All valuations are “made up” numbers.
- tasuki 5mo agoSome are more made up than others though!
- Retric 5mo agoPrice discovery isn’t “making up” a number it’s discovering a number that meets a specific criteria. Critically it’s not simply averaging a bunch of made up numbers. I may think gold is worth 1,000$/kg but if nobody is willing to sell me gold at that price then my “made up” number has zero effect on the market price.