i am mining bytecoin , darknote and dogecoin these days ... its my own thinking that if i mine total available supply of these 3 coins then this coins value will go up ... i dont know that i am right or wrong :/
so please tell me something guys that :
1. how cryptocurrency price goes up ??
2. does all cryptocurrency price changes when bitcoin price changes ??
3. when bytecoin , darknote and dogecoin price will raise ??
please give me a detailed answer plz ...
You asking the wrong questions my astute Newb.
1.Does price really determine the value of cryptocurrency? (no)
2.Does the price of Bitcoin and the relative prices of other Altcoins matter? (no)
3. Is the coin I am supporting worth supporting? (while removing the emotion of the bagholder syndrome) (and the answer is most probably no)
Fourthly do not get caught up in prices, because if you do, you become a speculative gambler. And most gamblers lose.
Do your research on the fundamental block chain technologies and technologies behind the coin you listed. In my humble opinion most coins are worthless and have little to no chance to change the world of economics.
Advice: Always support Bitcoin and hold and spend a little
BTC. Inform others of Bitcoin and its world changing implications. Secondly know that 99.999999999% of Altcoins are worthless but are valuable because someone with more money than you, makes its so. You and I are only in it for the ride. You can't not control the price, so don't go looking for answers about price. The hard part is finding worth while 0.000000001% coin alternatives to bitcoin.
Follow this advice and you might make out of this crypto scene without getting burned, swindled, scammed or wasted time. Good luck random guy on BitcoinTalk from another random guy on BitcoinTalk