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Title: Value of Alternative Cryptocurrencies Post by: lalakies23 on December 29, 2013, 02:12:45 PM Hey all.
I'd like to ask how the value of the Alternative Cryptocurrencies is defined. For example why the value of the Betacoin skyrockets one day and the other returns back to the initial value? Thanks Title: Re: Value of Alternative Cryptocurrencies Post by: odolvlobo on December 30, 2013, 05:29:45 AM The value is determined by the prices that the coin sells at on whatever exchanges that it sells on. I don't think there is any coin whose value is fixed to another currency.
As for what factors affect the value of a coin, the answer depends on the coin. For example, the value of Quark was supported by exposure (pumping, perhaps) by Max Keiser and Bill Still. The value of Dogecoin is a result of the humor associated with the meme. Title: Re: Value of Alternative Cryptocurrencies Post by: dc0ded on December 30, 2013, 12:22:06 PM The value is determined by the prices that the coin sells at on whatever exchanges that it sells on. I don't think there is any coin whose value is fixed to another currency. As for what factors affect the value of a coin, the answer depends on the coin. For example, the value of Quark was supported by exposure (pumping, perhaps) by Max Keiser and Bill Still. The value of Dogecoin is a result of the humor associated with the meme. A lot of good points here. I think the fall in price of the primary crypto currency- bitcoin definitely works as a powerful factor increasing prices of other alternate currencies like litecoin. Title: Re: Value of Alternative Cryptocurrencies Post by: brokedummy on December 31, 2013, 10:44:34 PM It's because all crypto-currencies start as a maniacal pump and dump scam until enough people buy-in to stabilize the price.
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