Where do these prices come from? It reminds me of civil court payouts. Lol
In-demand NFT sells for $3,000 instead of $300,000 - BBC News
In-demand NFT sells for $3,000 instead of $300,000 - BBC News
Where do these prices come from?
All currencies will be non physical sooner or later and crypto currency’s are very real. There is about 2.1 trillion dollars in crypto currency’s and it has been as high as 3 trillion.I often feel the World is going mad. Stories like these just confirm it.
The guy sold non physical "art" using non physical "currency". None of it is actually real. His loss however is very real. I'm trying not to laugh but it's not easy.
How can it go down? I thought once coin's were mined, they'd be permanent?There is about 2.1 trillion dollars in crypto currency’s and it has been as high as 3 trillion.
It’s like any asset class it can go up and down.Or do you mean the value has dropped, not the coins etc?
I never said it doesn't exist. If I can't hold it in my hand it isn't real, as in reality.All currencies will be non physical sooner or later and crypto currency’s are very real. There is about 2.1 trillion dollars in crypto currency’s and it has been as high as 3 trillion.
Crypto’s are stored in ledger’s that are on blockchains and are open for public viewing.Apart from illegal transactions, is there really a need for it?
I understand that, but isn't it all down to public confidence? If that diminishes, it could totally collapse like a pyramid scheme?Also people are buying crypto’s as a hedge against inflation as with all currency’s they are losing their value due to inflation.
If you had bought 28 Bitcoins in 2010 at a cost of less than £2.
Today they would be worth just over a million pounds.
Crypto’s have outperformed ever asset class on the planet.
But at some point, it's going to lose it's appeal and everyone will try to jump ship before it completely sinks.
Just my amateur financial opinion. Lol
Retail Joe public don’t make the price move, it’s the massive adoption by the big financial institutions and billionaires.I understand that, but isn't it all down to public confidence? If that diminishes, it could totally collapse like a pyramid scheme?
At the moment it's at the height of fashion, with storeys of people making fortune's. Every time it goes down, a load buy in with that in mind, and back up it goes, like a yo-yo.
But at some point, it's going to lose it's appeal and everyone will try to jump ship before it completely sinks.
Just my amateur financial opinion. Lol
It has not really been adopted by the public as much as the big financial institute and billionaires. The more adoption the higher the prices will go. I will make you little bet as I believe that Bitcoin will over £100000 per coin buy 2024-2025 unless there is a nuclear warI know the billionaires etc have the biggest effect, but if Joe Public lose faith, there's enough of them to really flatten it.
I can't pay too much attention to the likes of El Salvador. They're likely to go down with it.
We use essential cookies to make this site work, and optional cookies to enhance your experience.