Re:Ask HN: Is buying a cryptocurrency a bet that the currenc...
by muzani on Monday December 18, 2017 @05:52PM
(#15956222)
Bitcoin's value comes from it being either a currency or a store of wealth (similar to gold).
Something like Ethereum can do more than that, like smart contracts. Of course it can do the same things as Bitcoin as well.
The value is similar to startup investments in that if you go in really early, it's risky and you get it for cheap, whereas if you go in later, the price is much higher but still good.
The mix of all this comes together and makes up the final price.
Something like Ethereum can do more than that, like smart contracts. Of course it can do the same things as Bitcoin as well.
The value is similar to startup investments in that if you go in really early, it's risky and you get it for cheap, whereas if you go in later, the price is much higher but still good.
The mix of all this comes together and makes up the final price.