There likely is no good predictive statistic because the inherent value is whatever a group of irrational actors will pay for it.your good at avoiding the question
There likely is no good predictive statistic because the inherent value is whatever a group of irrational actors will pay for it.your good at avoiding the question
There isn't a good standardized indicator of success for an entity that doesn't apply itself to standard procedures and rules, and thus operates entirely different from all other entities it's being compared to.your good at avoiding the question
CopycatThere isn't a good standardized indicator of success for an entity that doesn't apply itself to standard procedures and rules, and thus operates entirely different from all other entities it's being compared to.
There's your answer.
Fair enough, I'm still going to use the data that's available to me, which is market cap and volume. Even tho it's not perfect.There isn't a good standardized indicator of success for an entity that doesn't apply itself to standard procedures and rules, and thus operates entirely different from all other entities it's being compared to.
There's your answer.
Seems to be working so far.Fair enough, I'm still going to use the data that's available to me, which is market cap and volume. Even tho it's not perfect.
Fair enough, I'm still going to use the data that's available to me, which is market cap and volume. Even tho it's not perfect.
Am I? I’m simply using market cap to judge where the market is at.You're misapplying things that you don't understand. I can't wait until you learn about the can't miss opportunities available in penny stocks. And I really wonder which MLM scheme you're going to get in to first.
Volume doesn't really matter because most coins have a set amount of coins and cap doesn't matter because it's based on an arbitrary price per coin. It has no predicctive valueFair enough, I'm still going to use the data that's available to me, which is market cap and volume. Even tho it's not perfect.
I hope that doesn't happen but it's very realistic.That particular marketcap chart is horrible because it includes ALL coins. There have been thousands and thousands of coins added in the last year. A billion in marketcap has been added these last 30 days alone. At the height of this bubble, I am sure it was way way more.
Bitcoin will be $2k this time next year, will float around there for 2019 before another rally in 2020 where it will be cut short because of government regulations. Stop using crypto as a serious invesment, use it as a currency as intended and to invest in the blockchain technologies.
Fair enough, I'm still going to use the data that's available to me, which is market cap and volume. Even tho it's not perfect.
Just because something can be measured easily doesn't mean it's worth measuring.
Money and "As there is no central authority or central bank, there has to be a way of gathering every transaction carried out with a cryptocurrency in order to create a new block. Network nodes that carry out this task called dubbed 'miners'. Every time a slew of transactions is amassed into a block, this is appended to the blockchain. Whoever appends the block gets rewarded with some of that cryptocurrency."I still don't understand the "mining" of coins. It seems like something from a video game. Is there any actual benefit to using all the computing power other than getting the coins?
Those coins turn into $$$
Basically, the miner is providing the labor of creating the coin -- it's performing work. The labor cost of that work is supposed to give the coin value. The process of mining (usually hashing) can be used for different things, both tangible and proprietary. Hashing at its basic level is just doing math and then verifying said math -- it just depends what the purpose of the math is, which I believe can vary among coin types.I still don't understand the "mining" of coins. It seems like something from a video game. Is there any actual benefit to using all the computing power other than getting the coins?