$130B wiped off crypto markets in 24 hours

Re:$130B wiped off crypto markets in 24 hours by samarama on Monday January 24, 2022 @09:49AM (#30058241)

That has nothing to do with its value.

It’s value is in how robust it’s value it is. It isn’t robust at all and has lost 30% or more of its value since the start of the pandemic if you look at commodities.

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Re:$130B wiped off crypto markets in 24 hours by immibis on Monday January 24, 2022 @12:35PM (#30060940)

So, in your eyes, value is proportional to the rate of change of value?

I plugged it into Wolfram Alpha and it showed some solutions. Some go up to infinity and some go down to zero. So the first guy was right after all!

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Re:$130B wiped off crypto markets in 24 hours by senkora on Monday January 24, 2022 @12:44PM (#30061085)

Value is a function of supply and demand. Taxation is guaranteed demand, so it does affect value.

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