What determines the value of a cryptocurrency and how can one use the knowledge to analyze?
>>3289698
Lol
Speculation
>>3289698
/biz/ does
The amount of shilling.
Previous experiences have shown me people don't care about actual features or anything. Shills are the only thing that matters.
>>3289698
whales
Shilling/ social mentions
Media / normie mentions
Shenanigans: pre-mining, shady dev's
Dev team quality
Business dev team quality
Project ambition
Timeline
Quality of website, logo, whitepaper
Whales
Daytraders
Bots
Price of BTC
Price of ETH
Interexchange and intercurrency price differences
>>3289790
So people buying more cryptos off an exchange increase its value?
>>3289859
A crypto is worth what someone is willing to pay for it
>>3290000
check'd
people will pay more when they can use it for something or when they thinkg others will pay more for it
nobody's paying moe for btc and there's no use aymore, thats whay it loses market every day even day when it went up
>>3290000
So people are shilling for a specific crypto like a person shilling in front of everyone about his new epic new invention, for example a fidget spinner or eatable soap that they should buy to increase his market and have more people willing to pay more for those he shills them correctly and convincingly?
>>3289698
Greater Fools and nothing more.