I would like to think I’m a self-aware adult, but I’m not. I’m just a dumb kid.
It’s a simple concept, I guess, but it has always confused me. The fact that I was able to predict what a coin will be worth at a specific date/time, but I failed to predict what its price will be, is somewhat unsettling to me.
There are three main forces that influence the price of a coin in the real world. One is supply and demand. The second is a government, and if that government has a monopoly on coin production, it will set the price of a coin at a high. The last is supply and demand. The government will set the price of a coin at the highest it can be, or at least as high as it needs to be to meet demand.
I’ve been watching the price of coins for a while now, and I think that supply and demand is the most important factor in determining the price. It’s worth noting that as supply and demand rise, so will the price. I think I have a pretty solid grasp of this, and I have a feeling that I’m on the right track. I’m not a mathematician, but I have a suspicion that I’m getting close, just need to do some more digging.
Well, this is definitely a problem we face in our cryptocurrency industry.
We would like to think that we have a good grasp on supply and demand, but as the price of all cryptocurrency rises, we see the demand for it fall. For example, the price of Bitcoin fell from $19,000 in January to $11,000 in March. The price of Litecoin fell from $32 in January to $18 in February and the price of Dash fell from $37 in January to $27 in March.
The problem is, how do we know what’s wrong and how to fix it? We have some very rough ideas, but we don’t have a very great handle on what the overall situation is. We have some very rough ideas, but we don’t have a very great handle on what the overall situation is.
The general consensus is that the price of Bitcoin is likely to fall, and in particular, the price of Bitcoin Cash (BCH) is likely to fall. Both are altcoins that are very much being driven by an influx of Bitcoin believers into altcoins. In March Bitcoin Cash has a market cap of over $5.5 billion and the market cap of Litecoin is over $2.7 billion.
I’m sure we’re all aware that the price of Bitcoin fell last year when everyone realized that one of the largest altcoins could be doing much better than it is right now. Well, this is one of the altcoins where that lesson has been lost. The only good thing that can come from this particular price movement is that Litecoin will rise and Bitcoin Cash will fall.
Now, you may not be aware of this, but it’s actually a very well understood fact that altcoins are all over the place. Every altcoin is a little above or a little below the price of its nearest competitor. This makes sense when you realize that there are only two things in this world, Bitcoin and Litecoin, that are not altcoins. The only other thing that is not altcoin is Bitcoin.
