Topic: Why certain coins are worth more per dollar? - page 2. (Read 294 times)
First of all, crypto is not stocks. Just remember that. Stocks is ownership of a company. It gives you dividends it even gives you voting rights if you have enough, to decide where company goes next. Crypto? Either it is decentralized and you cannot decide, or it is completely centralized but you have no say even if you are a big hodler.
The price of a coin is not too dependent on the total number of coins. A much larger role is played by the utility of a coin, that is, it should have a real field of usage. Coin popularization is also important.
If you are looking for coins for investment, look at those that have real applications in real life.
If you are looking for coins for investment, look at those that have real applications in real life.
Not exactly. The amount of coins available doesn't relate with the price being high but it's just that bitcoins has been in the market since 10+ years and it's value started from less than 0.01. It took it years to even reach $1000 when its demand increased. Also, bitcoins are being accepted as a payment gateway now at many online stores while other coins aren't which is why the price differs.
Yes, the demand of bitcoin is so high and the market cap is the center of attraction here. 2nd, yes in this market the law of supply and demand is applicable so whether the demand for a coin that has hundreds of millions to billions of supply is high, yet the price of it ends up to centavos to a buck.
One example of that coin that you are looking for is ethereum. It has a hundred millions of supply but it has reached $1.4k during its peak.
One example of that coin that you are looking for is ethereum. It has a hundred millions of supply but it has reached $1.4k during its peak.
There was a lot of coins with a very small supply and it's worth thousand dollars for each coin and i can say that has already proven if that theory is true but not at all. Remember about the inflation and total supply doesn't give a huge impact on the price of coin.
I have seen so many coins with very low supply got high price at its early FOMO but it was going to the bottom caused by the coin and team can't defend the value.
The price determined by the market and it can't be disrupted.
I have seen so many coins with very low supply got high price at its early FOMO but it was going to the bottom caused by the coin and team can't defend the value.
The price determined by the market and it can't be disrupted.
Hey everyone I’m pretty new to the crypto currency stocks. Just a few quick questions I’d like to ask:
Is the reason that bitcoins price is around 15k per coin because the demand is so high but there is only 18 million coins availiable. Is this why there are other coins which are very high in demand but is only worth 1 dollar or less because they have billions of coins so even though there is high demand there is just an abundance of coins which means price is less? If that case is correct is there any other coins which will have potential to be worth many thousands of dollars because of high demand and low supply or was bitcoin the only real worth investment for holding because it will be the only one which multiplied from start to finish around 29000x?
Is the reason that bitcoins price is around 15k per coin because the demand is so high but there is only 18 million coins availiable. Is this why there are other coins which are very high in demand but is only worth 1 dollar or less because they have billions of coins so even though there is high demand there is just an abundance of coins which means price is less? If that case is correct is there any other coins which will have potential to be worth many thousands of dollars because of high demand and low supply or was bitcoin the only real worth investment for holding because it will be the only one which multiplied from start to finish around 29000x?
As the user @CryptoBry noted: it all depends on the demand and recognition of the project, for example, everyone wants to have bitcoin due to this, it costs quite a lot of money. And about other projects that are better, the one here is more dependent on the developers. They attract users and developers to their project with interesting functions, ethereum did it and due to this, the project, although it does not cost as bitcoin, is considered cryptocurrency No. 2.
Just like anything like commodities or even services, things are boiling down to supply and demand. When there is a demand and the supply is slow we can expect the price to go up but if there is no demand even if there is a low supply then things will not be looking good. With Bitcoin, the demand is steady though being volatile the price can go up and down dramatically. There are actually other good platforms (even say they can better than Bitcoin) but the demand is not there or maybe the market has not been that much interested with them.
Hey everyone I’m pretty new to the crypto currency stocks. Just a few quick questions I’d like to ask:
Is the reason that bitcoins price is around 15k per coin because the demand is so high but there is only 18 million coins availiable. Is this why there are other coins which are very high in demand but is only worth 1 dollar or less because they have billions of coins so even though there is high demand there is just an abundance of coins which means price is less? If that case is correct is there any other coins which will have potential to be worth many thousands of dollars because of high demand and low supply or was bitcoin the only real worth investment for holding because it will be the only one which multiplied from start to finish around 29000x?
Is the reason that bitcoins price is around 15k per coin because the demand is so high but there is only 18 million coins availiable. Is this why there are other coins which are very high in demand but is only worth 1 dollar or less because they have billions of coins so even though there is high demand there is just an abundance of coins which means price is less? If that case is correct is there any other coins which will have potential to be worth many thousands of dollars because of high demand and low supply or was bitcoin the only real worth investment for holding because it will be the only one which multiplied from start to finish around 29000x?
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