Post
Topic
Board Economics
Re: question on long term prices
by
akram143
on 15/12/2017, 05:59:01 UTC
Hi, I am new to all this, but help me understand this. If there is a crypto coin that is very useful and has functional value, not just speculative, say it becomes very expensive. What is to stop someone from just creating their own coin that is the almost identical to it, and using it instead, so high prices are not paid for the other coin? How can all these coins maintain high values, when people can just create as many new coins as they want?

Actually the price of crypto currency is based on it's demand so bitcoin having more demand than any other cryptos so the price is high even some cryptos have same functionality as bitcoin.If the new coin get enough support then the price of new coin will also increase.