Crypto currency has it's own value

>crypto currency has it's own value
>Is constantly compared to the USD
Explain???????

so that uninitiated mongs can comprehend it.

A lot of crypto traders measure other coins compared to eth or btc.

Because it isn't a national currency and anything you buy with it is going to be measured against the currency of the nation in which you purchase.

I was just asking the same question m8. Apparently the market is some quantum mechanics shit where you can't measure something or ask about it without impacting the value. I need recs for some good market psychology books

Both are fake money not valued in the real world. Makes sense.

>the Euro has its own value
>Is constantly compared to the USD

You're retarded

I can buy a can of monster with USD

All value is relative ya bender

Newfags need their usd value, once you’ve been trading for a while you start to u use sats. As it is far more useful.

Unfortunately most of things are still priced in Fiat so you need to convert your crypto into USD to have an idea of what you can buy with it.

the real crypto was the friends we made along the way :))))

How do you buy your first crypto ?
Fiat.
Even if you mine it you'll need the hardware which costs fiat too.

Everything is valued based on the supply and demand. Bitcoin is a currency like USD and an asset like Gold - but it's limited in supply. Let that sink in for a minute.

You're talking about Vitaliks Uncertainty Principle. The movement of a market is probabilistic in nature until the observer invests, in which case the market function converges to a down trend. The more you know about the current price, the more uncertainty there is on the market trend. That's why we can never properly predict where the market is going, exchanges are constantly showing us the price. This is why TA pattern matching never works.

>An entire economy is the same as people putting numbers in a computer

>Limited asset
>Any person can create their own blockchain, even on newer frameworks that work better

We are a small economy but the principle still applies.

First-mover advantage has an immense value ... when it works.

you could have just said if you buy it goes down if you sell it goes up, instead of this mumbo jumbo bullshit

Crypto has no value. It cannot be spent anywhere, it represents nothing, and arbitrarily pairing it to USD creates the illusion that it's worth something.

Crypto is arguably the most brilliant and successful ponzi scam to have ever been perpetuated...and it's still going.

>Both are fake money not valued in the real world. Makes sense.

All money is fake, but at least USD is backed by the productivity of the USA...and it's the petro-dollar...and it can be spent just about anywhere.

Tell us, with all the hype around crapto, which one has taken the lead as a USD replacement?

The level of stupid that cryptards exhibit never ceases to amaze me.

But at the end of the day ETH and BTC are still compared to the USD/

>Everything is valued based on the supply and demand. Bitcoin is a currency like USD and an asset like Gold - but it's limited in supply. Let that sink in for a minute.

How many BTC did you pay for that kool-aid? No crypto is an "asset" nor is it a currency. Show me any market of consequence that does all transactions in crypto only? They don't exist.

And limited supply? Are you fucking serious? You can literally faceroll and shit out a new "coin"...or do what the litecoin guy did and fork BTC, rename, rebrand, relaunch and voila...another stack of coins that are equally as worthless and useless as BTC.

I really don't care that people are GAMBLING with crypto, some of them even winning at it, but stop with the bullshit and just accept it for what it is...a well-devised ponzi scam which continues only because of a lack of regulation.

>he doesn't know the third postulate of quantum investing

>at least USD is backed by the productivity of the USA
>Brazil 2.0
>productive
Maybe the Yuan or the Ruble, but Federal Reserve notes are literally funny money for the goyim.

>But at the end of the day ETH and BTC are still compared to the USD

1) Make a digital coin dispenser that spits out valueless digital tokens.

2) Create a hamsterwheel activity that people must perform in order to receive a token or a portion of one.

3) Once enough people participate, arbitrarily pair it to something with perceived value to create an illusion that your token is now worth something.

4) Profit.

Your argument seems to be that crypto has no value because it's not accepted as currency everywhere. That's true for now, but could easily be different in the future as conditions worsen. Are you going to tell the people of Venezuela or Zimbabwe that crypto is a ponzi scheme because they prefer bitcoin to their nation's currency?

>Maybe the Yuan or the Ruble, but Federal Reserve notes are literally funny money for the goyim.

All money is worthless, bro. That's the SCAM of money...and the reason that replacing one currency with another doesn't change shit.

Prior to 1913, the US Treasury issued currency that was backed by gold, and did not represent debt. Post 1913, when the pedocrat woodrow wilson signed the fed reserve act, US monetary policy and control was handed over to the federal reserve bank, a foreign bank, which then prints money and LENDS it to the US Treasury. All USD today represents debt (to the central bank), and has an interest charge attached to it. This charge is often called "inflation", but in reality, it's you paying the fed for using THEIR money.

You are not going to beat this NWO system by creating a token (crypto) that represents fiat, and nobody is going to trust any "currency" that has no issuer, no authority behind it, no legal structure enforcing it, etc.

Only Normies compare the value of their cryptos to USD

>Not comparing your cryptos in Satoshi in 2018

>Your argument seems to be that crypto has no value because it's not accepted as currency everywhere. That's true for now, but could easily be different in the future as conditions worsen. Are you going to tell the people of Venezuela or Zimbabwe that crypto is a ponzi scheme because they prefer bitcoin to their nation's currency?

How is replacing one worthless currency with another going to help fails socialist states or african pseudo-nations? It won't.

Crypto is a ponzi scam because the new fiat money coming in pays the previous buyers, and without that steady flow of new money it implodes. Crypto is not creating value and it solves no problems.

>EUR/JPY/CAD have their own value
>Is constantly compared to the USD

Having a paper dollar backed by a gold brick doesnt mean anything either. In fact, its easier to buy an egg with a dollar than 1/3000th an ounce of gold.

I like u

>crude oil has it's own value
>Is constantly compared to the USD

Fuck up your far-right retard. Should we use satoshis to compare the value of BTC? Should we use ETH to gauge how valueble ETH is?
Oh that doesnt work because x/x=1 you absolute mongoloid.
Who would've thought using the most widely used currency in the western world is a good thing to measure against. Its kind of like how your bitch measures your dick as a fraction of mine (note the numerator is 1 and the denominator is >> 1)

theres no excuse for being this much of a dumb cunt OP