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A comment on A Cryptocurrency Website Changes Its Data, and $100B in Market Value Vanishes. Parent comment

Re:A Cryptocurrency Website Changes Its Data, and $100B in M... by frgtpsswrdlame on Tuesday January 09, 2018 @01:48PM (#16108637)
Isn't the worth of any crypto-currency down to market psychology though? By that metric any price movement is irrational.
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Re:A Cryptocurrency Website Changes Its Data, and $100B in M... by TheSpiceIsLife on Tuesday January 09, 2018 @06:04PM (#16111010)
Economics is a social science. It could be argued very few things have intrinsic value. It could be argued all markets are down to purely human psychology.

Birds, for example, don't really care how much you paid for those 3000 tonnes of wheat, only that there's a hole in one of the train carriages transporting it.

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