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RE: What creates the value of Bitcoin and other cryptocurrencies?

in #bitcoin7 years ago

Well-written article! Thanks for sharing. It is very true that Bitcoin's value is hugely related to the amount of people interested in them. That explains why the Bitcoin and other crytocurrency went up huge after the wannacry virus came out. The more people join the market, the more value the object carries. More demand, price goes up. Simple econ

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True and it will keep going up b/c demand is for these crypto tokens are higher and higher.