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replied 2256d
Mktcap is highly misleading. Use coinfairvalue, its better. But even then by https://coinmarketcap.com/coins/views/filter-non-mineable/ mineable coins, we're 6th. That's a weak arg.
replied 2255d
Coinfairvalue is crap. The fair value is the current price. Market cap is misleading? LOL. Explain how they arrive at fair value. Please.. I got to hear this.
replied 2255d
*converge often, which means its a solid model with predictive power. If FV were 'crap' the number would be wildly off from the price and you'd only see convergence at random.
replied 2255d
The fair val. and the price are unrelated. 'Price' is an avg of exchange spot prices which can be manip'ed. Fair value comes from intrinsic fair values. They converge which means its
replied 2255d
There is no intrinsic value in Crypto. LOL. It's only what someone is willing to pay for it. Which is the current price. Warren Buffet thinks crypto should be worth 0. That's his IV.
replied 2255d
valuable because they are immutable, censorship free means of exch. That doesn't change regardless of the price, so you're def. wrong about there being no intrinsic value in crypto.
replied 2255d
Well you go ahead and believe there is intrinsic value. I guess you didn't see Roger Ver's video on intrinsic value. You are very ignorant to believe so.
replied 2255d
No I didn't, but I would probably disagree with it if its similar to your philosophy. That is clearly wrong.
replied 2255d
replied 2255d
You're confusing price and value. Price is what you pay, value is what you get. You can pay $1k for a suit and throw it in the mud if you don't value it. Cryptos are intrinsically
replied 2255d
False. Censorship free, instant, 24/7 irreversible txs have an intrinsic value. That can be determined by how the hodlers of coins use them. If they value it FV goes up, if not down.