Sentences with phrase «fundamental value of a cryptocurrency»
Not exact matches
Experiencing firsthand the absurdity of the Bitcoin ecosystem had only made me more certain that this particular cryptocurrency had no fundamental value, and had long ago outlived its intended purpose.
http://www.canadianbusiness.com/
According to Neha Narula, Director of the MIT Digital Currency Initiative, to understand why Bitcoin and other cryptocurrencies are rising, we need to understand the fundamental nature of money: it is only a piece of paper that we decided has value and therefore it does.
Investing in memes has done phenomenally well to date, but we think memes are fleeting and the underlying fundamentals need to be strong for the value of cryptocurrencies to persist over time.
The fundamental flaw in how all cryptocurrencies are valued — the amount of bitcoins and thus the amount of fiat — is revealed when the price begins to plummet.
A fundamental analysis only considers the intrinsic value of a cryptocurrency or asset to predict its long - term outlook and see if it's currently over or undervalued.
Every new cryptocurrency that has shown decent odds of success inherently has a unique function, role, or feature backing its fundamental value.
Investing in memes has done phenomenally well to date, but we think memes are fleeting and the underlying fundamentals need to be strong for the value of cryptocurrencies to persist over time.
Moreover, Fundstrat has recommended that clients buy into Bitcoin's recent dip, citing the flagship cryptocurrency's long - term fundamentals and potential to replace gold as a store of value among millennials and other younger investors that are far more comfortable with the concept of digital assets than their elders.
The fundamental flaw in how all cryptocurrencies are valued — the amount of bitcoins and thus the amount of fiat — is revealed when the price begins to plummet.