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/biz/ - Business & Finance

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26490325 No.26490325 [Reply] [Original]

how is a cryptocurrency even accurately valued?

>> No.26490350

>>26490325
it's not

>> No.26490357

It's a speculative bubble.

>> No.26490389

How is modern art valued?

>> No.26490434

>>26490325
wild speculation

>> No.26490477

>>26490325
its never accurately valued thats why the price is moving

>> No.26490520

>>26490325
NUMBER GO UP

>> No.26490537

>>26490357
It's been a bubble for a decade.

>> No.26490579

>>26490325
Market Cap - Trade Volume Weekly

>> No.26490624

>>26490325
It’s just high stakes musical chairs really

>> No.26490699

>>26490389

By the quality of the art

>> No.26490723

newfag spotted

>> No.26490750

>>26490537
agreed, there is no utility in the space whatsoever

>> No.26491282

>>26490750
Lmao get the fuck off this board this board you total newfaggots. You don't even know how far this thing goes.

>> No.26491326

>>26490750
And that's why I own Parsiq

>> No.26491393

>>26490325
By the market.

>> No.26491514

>>26490325
sell me all your BTC for $1
>muh how is anything valued

>> No.26491892

>>26490325
Same reason money is valued. They more people cling on to a financial instrument, the more value it gets, with its assigned number.
How it's assigned is a whole other topic.

>> No.26491927

You uhhh... You sell it high and ...uhh... Buy low and that spread is your profit.

It needs a cool logo I know that much

>> No.26491966

In many of the same ways that worthless piece of paper that claims it's worth "one dollar" does.

>> No.26491972

with chainlink-powered smart contracts

>> No.26492013

>>26490325
for one, there's price oracles like dia
another thing is its potential use cases and the present use cases and usage

>> No.26492040

>>26490325

Acurrately value THIS

*unzips dick*

>> No.26492068

>>26491972
What the fuck is a smart contract anyways?

>> No.26492101
File: 26 KB, 450x773, Royal-Red-and-Blue.jpg [View same] [iqdb] [saucenao] [google]
26492101

>>26490699
Pic related sold for 75 million

>> No.26492190

>>26491326
what's gonna happen with parsiq

>> No.26492233

>>26492101
Modern art is a way for jew to launder their money with other jews.

It's why when crypto becomes taxable or regulated, you'll see it's evaluation drop to fucking nothing.

>> No.26493210

>>26490350
Fpbp

>> No.26493308

>>26492233
>when crypto becomes taxable
It's taxable in my country, it's considered property.

>> No.26494098

>>26492068
Everyone puts their keys in a pot. The owner of the key you draw gets to fuck your wife.

>> No.26494660

How is the united states dollar even accurately valued? Gold is just a metal with a few usecases and the federal reserve prints it all the time

>> No.26494727

>>26490325
Supply and demand.
Supply is known
Demand is a sigmoidal function from 0 use to global use

>> No.26494736

>>26492068
they're like the smartphones of contracts

>> No.26494807

By the market

>> No.26495045

>>26490325
One person wants to sell and one person wants to buy. They agree on a price. Don't overthink it.

>> No.26495381

>Fundamentally
White paper / technology employed / intended usage / competitors
This can be learnt from their web page, and will allow you to compare it to other competitors. From there, you can compare and contrast pricing.

>Technically
Moving average / Bol bands / MACD / RSI / supply and demand (to estimate resistance and support ranges) / ADX

Also depends on your current attitude on going long and short. For example, HBAR goes from 0.002202 to 0.002300. That is the clear resistance and support it falls under and has done so for about 4 days. You could, buy at 0.002201 (which is current), hold till 0.002240 or wait till 0.002300 occurs later in the week. It usually swings back to the upper Bol band.

The Binance academy is okay, the investopedia forex section is relevant, any financial markets university level text book will let you estimate futures and swap values.

Note that we're in a bubble

>> No.26495454

>>26490325
Like gold except crypto has real world value