Re:Stock Market Returns Are Anything but Average
by pradn on Friday April 30, 2021 @12:09PM
(#26995293)
Proof-of-work crypto prices are based on 1) mind-share 2) sentiment/momentum 3) institutional backing (hedge funds and companies legitimizing them) 4) price of electricity 5) cost per hash 6) hardware supply 7) legality/illegality/regulation. Proof-of-stake currencies only lack #5, cost per hash. What I'm trying to say is that there's components to the price that can drive purchase/sell decisions.
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Re:Stock Market Returns Are Anything but Average
by thehappypm on Monday May 03, 2021 @11:24AM
(#27026290)
No, proof-of-work crypto prices are based on supply and demand. Simple as that.