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How does someone come up with the value? Reddit has 300 million users and worth 6 billion, truth has 3 million and worth 3 billion?? Doesn’t make sense
One of the things Trump got charges for IS overinflating value of what he owns
Oh I thought there was a scientific method which calculates the value using concrete, verifiable metrics... I didn’t realize it was created out of thin air. Seems perfect for money laundering.
This is something to learn. All value is created out of thin air.
Or another way of putting this, is that a price only exists when someone is willing to pay it.
Theoretically it is the present value of future profits. Way overinflated.
Ostensibly there are methodologies to do this properly but really you can say whatever you want.
Corruption. The stock market is a scam
The stock market is pure speculation and hype. There's no science or method to it. It's straight up gambling. Some people are better at it than others. But it's still gambling. Not to mention, I'm sure there are some foreign interests involved helping to push it.
So the original cryptocurrency?
Initially no. But post Friedman and Reagan, absolutely.
Well think of the qualities of the users. One platform filled with chaotic contrarians, the other with people who will do anything you tell them to including rising up against the government.
Same way you price anything else. The market will determine what it's value will actually end up being.