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Title: Price of coins Post by: Boxxl on January 01, 2014, 10:12:40 PM How is the price calculated from all the coins?
Is there a formula for the value of a coin? And is it the same for every coin? Title: Re: Price of coins Post by: undeadbitcoiner on January 01, 2014, 10:21:29 PM How is the price calculated from all the coins? Good QuestionIs there a formula for the value of a coin? And is it the same for every coin? Value of Coins are depended according to the trade happens, In coin market there are few coins directly traded with Dollar or Euro but almost all the coins are been traded with Bitcoin, Litecoin and other altcoins which are been already traded with Fiat so the value of altcoin is depended on them. IE. if Bitcoin Price is 1000$ and Litecoin value with Bitcoin is .03 then litecoin price is 30$ now lets think Bitcoin price goes up to 2000$ and litecoin is treding with bitcoin in .05 then litecoin price will be 100$ or lets think litecoin traded in .02 then litecoin price will be 40$ in that time. The same way applicable to all the alt coins. Title: Re: Price of coins Post by: Wilhelm on January 01, 2014, 10:21:43 PM Coin value is based on what someone is willing to pay for it.
If more people want coins they are willing to pay more and the price goes up. Title: Re: Price of coins Post by: colinfx on January 01, 2014, 10:27:31 PM Because BTC has value, all alt values are based on BTC rate as well as speculation. The fact that you can convert alts to BTC to USD makes them worth something as people are willing to pay for them - it gives them USD value. Add to the mix that you can trade with your alts, convert and cash out in USD. The presumption that they have value gives them value. Still learning myself though, not sure if it is possible to make 100% sense of value at this stage!
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