Where do these coins gain their value?

Where do these coins gain their value?

I have been mining coins for a long time (started with BTC/LTC years ago, moved to altcoins recently) and have realized I am not clear on the actual source of the value.

Do the exchanges deem the value of these coins? With all of these new alt-coins, do they not actually have a BTC/USD value unless they are added to an exchange?

How do buy/sell orders affect the coin price? If someone bought X amount of , that would cause the value to increase correct? Wouldn't they then just be able to turn around and resell what they just bought plus any they already had for a higher value?

http://ift.tt/2jGQHZn

Comments

Post a Comment

Popular posts from this blog

Antminer D3 Blissz Modified Firmware For Improved Performance

Image
Antminer D3 Blissz Modified Firmware For Improved Performance It is not a secret that the default firmware and even settings for many of the ASIC miners that come out from the manufacturers are hardly with the best/optimal settings and often they are also limited in what you can tweak yourself. So some more advanced users take the matter in their hands in order to further optimize for performance and or stability and reliability and even add extra features that help owners of the devices to get better profit or higher profit for example. One such case is the Antminer D3 Blissz Modified Firmware for the X11 ASICs being produces by Bitmain that you might want to give a try if you have even at least one of these ASIC miners. The custom firmware promises up to 20% lower power usage and some extra features such as ASIC voltage settings per chain as well as the ability to overclock or underclock per chain as well as more control on fan operational speeds. There are some usability improveme...
Read more

ETH To The Moon / Bank of England Cryptocurrency? / BTC Dominance / More (The Crypt0 Minute)

Image
ETH To The Moon / Bank of England Cryptocurrency? / BTC Dominance / More (The Crypt0 Minute) ►Please LIKE This Post On Steemit: http://ift.tt/2qkh4Yb Piano Instrumental By Omar Bham (Crypt0) 👍 Thank You Very Much For Watching This Video! Don't forget to smash those LIKE & SUBSCRIBE buttons :D 🎩►Become a Crypt0's News Patron: http://ift.tt/2vDXHXD ⛄►Check Out Our New Crypt0's News Amazon Storefront For Recommendations: http://ift.tt/2Br4nPB 🙇HELPFUL LINKS ►ICOs Raise One Billion Dollars In A Month: http://ift.tt/2A91Qow ►Huobi Is Now Headed To Japan: http://ift.tt/2Cbqk27 ►Verge Transaction IP Addresses: http://xvg.keff.org/ ►ScienceGuy's ETH Price Target: http://ift.tt/2CuwgGW ►Long Blockchain Corp: http://ift.tt/2BTmAFw ►Why 2018 Will Be The Year Of The Blockchain: http://ift.tt/2A2Krha ►Ethereum's Scalability Subsidy Program: http://ift.tt/2qgDNnS 🌌►Grab A Crypt0 T-Shirt: http://ift.tt/2khihd5 🚩🚩🚩A MUST HAVE ►Ledger Nano S (Top Multi-Asset Hardware Wal...
Read more