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/biz/ - Business & Finance

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28123875 No.28123875 [Reply] [Original]

Can someone provide a simple explanation of what causes the value of a cryptocurrency to rise or fall?

Thank you

>> No.28123953

>>28123875
the total money in the pool. money go in = crypto rise. money go out = fall

>> No.28123996

>>28123875
sometimes people buy, but others time people sell
hope this helps

>> No.28124059

>>28123875
If it rises it's Elon.
If it falls it's Elon.
Either way Elon wins.

>> No.28124187
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28124187

>>28123875

>> No.28124329

>>28123953

So volume completely determines value?

>> No.28124358

>>28123875
i would like to cleave her buttocks if you know what i mean...

>> No.28124452
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28124452

>>28124187

I raise you.

>> No.28124510

it's a confidence game or ponzi scheme

>> No.28124770

>>28123875
if someone needs to buy a woman they sell crypto to buy her. but selling makes the price go down

>> No.28124873

>>28124452
brief rundown on this fella?