Topic: What do you consider when calculating a value of a coin? (Read 698 times)
been watching DOGE go downhill in value with a heavy heart, hope it bounces back
Had not seen coingecko before... looks good!
Poor doge is not doing too well at the moment though
Poor doge is not doing too well at the moment though
Look in the OP. The chance that it is a worthless pump-->dump-->abandoned-by-dev coin increases with each of the following words/phrases being present: revolutionary, investment opportunity, premine for development/promotion, the next bitcoin, the next dogecoin.
You're right, coins have no intrinsic value and they are priced at whatever someone is willing to pay. People saying a coin is "cheap atm" or "overpriced atm" are attempting to lure you into helping them make a profit. It's hard to judge to value of a coin, but I think that CoinGecko does a good job of weighing in the important factors.
You're right, coins have no intrinsic value and they are priced at whatever someone is willing to pay. People saying a coin is "cheap atm" or "overpriced atm" are attempting to lure you into helping them make a profit. It's hard to judge to value of a coin, but I think that CoinGecko does a good job of weighing in the important factors.
was going to take coingecko seriously till I saw doge higher then litecoin.
Look in the OP. The chance that it is a worthless pump-->dump-->abandoned-by-dev coin increases with each of the following words/phrases being present: revolutionary, investment opportunity, premine for development/promotion, the next bitcoin, the next dogecoin.
You're right, coins have no intrinsic value and they are priced at whatever someone is willing to pay. People saying a coin is "cheap atm" or "overpriced atm" are attempting to lure you into helping them make a profit. It's hard to judge to value of a coin, but I think that CoinGecko does a good job of weighing in the important factors.
You're right, coins have no intrinsic value and they are priced at whatever someone is willing to pay. People saying a coin is "cheap atm" or "overpriced atm" are attempting to lure you into helping them make a profit. It's hard to judge to value of a coin, but I think that CoinGecko does a good job of weighing in the important factors.
solid dev team . high daily volume (like millions not thousands) and fair distribution
I've noticed lots of people saying 'this coin is cheap atm' or 'it's overpriced atm'.
All in all, I believe that only thing that gives these 'numbers in computers' any value is the agreement between everyone that they are actually worth something. Similar to fiat mostly being numbers on a computers in a bank or just paper. However, I can also see that people have put much time, effort and energy into the production of cryptocurrencies and feel the the value cryptos it is more 'real' then fiat because it's backed by that time effort & energy.
Different factors obviously effect the value of a coin. From what I can tell, the price of a coin can depend on a lot of things. From the coin supply and mining factors to whether or not there is a pump or dump happening. Even emotions seem to make a difference.
I made this post because I am curious about how people decide on the value of a coin. Do some people use a particular calculation to say a coin should be worth more/less and ignore other factors? Maybe you consider things like community to be the most important when deciding value? Perhaps some people just follow their emotions? A little bit of everything maybe?
Do we mostly use a particular way or does everyone do it their own way?
How do you feel your method works out for you?
Please discuss!
All in all, I believe that only thing that gives these 'numbers in computers' any value is the agreement between everyone that they are actually worth something. Similar to fiat mostly being numbers on a computers in a bank or just paper. However, I can also see that people have put much time, effort and energy into the production of cryptocurrencies and feel the the value cryptos it is more 'real' then fiat because it's backed by that time effort & energy.
Different factors obviously effect the value of a coin. From what I can tell, the price of a coin can depend on a lot of things. From the coin supply and mining factors to whether or not there is a pump or dump happening. Even emotions seem to make a difference.
I made this post because I am curious about how people decide on the value of a coin. Do some people use a particular calculation to say a coin should be worth more/less and ignore other factors? Maybe you consider things like community to be the most important when deciding value? Perhaps some people just follow their emotions? A little bit of everything maybe?
Do we mostly use a particular way or does everyone do it their own way?
How do you feel your method works out for you?
Please discuss!
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