What determines the price of BTC/ETH/LTC?
What determines the price of BTC/ETH/LTC?
the market
which exchange offers this three-way pairing?
whoever can print more tethers.
demand, like pretty much everything in the world
the labor put into making one :^)
Speculation. Literally nothing
fucking sperg
normies on coinbase
satoshi sits at his desk and decides what the prices will be every hour.
Demand>Speculation>Demand>Fear>Speculation>Demand
They're calculated by bitcoin inc. and then sent over the main bitcoin server to the exchanges.
The oracle
Pajeets
Supply and demand, but prices are sticky, and so when prices are manipulated they stick.
Thank you for this, seriously
I'm a noob but if this is demand, shouldn't bitcoin fall in favor of other, better crypto in the future? Like isn't LTC supposed to be better than BTC?
..
this
user plz read a basic economics book
>BTC losing the newcoins
>Loving new coins this much
No coin can reach moon besides BTC
Build a time travelling machine cause no coin can rival
keynes plz leave.
rothbard plz arrive.
Of course rn btc is the bigger name but technically there are better cryptos right?
Just look at ltc
>4x as many coins (84 million vs. 21 million for Bitcoin)
1/4 the block confirmation time (2.5 minutes vs 10 minutes for Bitcoin)
Scrypt proof-of-work (simpler and less energy-intensive mining
so in the future, when this gets serious, why would people invest in a crypto like btc when there are better alternatives?
(this is actually a genuine question I'm not even sure myself)