/biz/ - Business & Finance

I'm sick of muh market cap responses to price.
According to: https://bitconnect.co/bitcoin-information/10/how-is-the-price-of-cryptocurrency-defined

Price is defined by a variety of indicators:

- Limited Supply and supply/demand (here is where muh market cap people end their thinking)
- Energy put in in the form of electricity to secure the blockchain (increased energy means less profits for miners which means they're less likely to mine X token)
- Blockchain difficulty level (difficulty auto increases with increased mining which correlates with increased attention)
- The utility of the currency, and how easy it is to use and store (see utilitarianism: https://plato.stanford.edu/entries/mill-moral-political/))
- Perceptions on its value by the public (we're not yet at this stage and will have to figure out ways to make it acceptable to the larger public)
- Price of Bitcoin. (gateway into the market as a whole)
- Media (rumours, shills, and "facts")
- Investors (fudders et alia.)
- Scams (ponzi and others)
- Market dilution (how many of the same type of token exists for a given application)
- Innovation (how functional/innovative is this compared with existing applications? does it really need blockchain to function?)
- Confidence in traditional systems (centralization is being undermined by decentralization)
- Legal/Governmental issues (regulation has the capacity to stifle innovation to a degree but in practice it changes the way people invest / focus on viz. Monero and other anon "coins")

These are a combination of quantitative and qualitative factors (best thought of as a spectrum or being represented on a number line). Don't fall into the trap (meme) of valuing a single way to measure value.

> Also, they're not really currencies in a technical sense but bridge the gap between currency and asset through virtue of use. I prefer the term "token" but whatever.

Oh look!
Now it went up to 1995!
Incredible how my sell was the exact pinpoint of bitcoin breaking its pattern and shooting up!
Wow!
>>2802756
I didn't want to cash out. I wanted to get a little extra by selling at 1962(like I did) and buying back at 1940 or something.

>he fell for the inflationary Memethereum crypto-jew meme coin
>he's not just HODLing BTC for the long term
>ETH headed to ~$10

Feels good to have not bought into ETH at the peak, it's so regulated and controlled it went against the idea of crypto from day 1 desu