Post
Topic
Board Economics
Re: question on long term prices
by
fasdorcas
on 18/12/2017, 11:46:10 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?
If you are afraid about the price of bitcoin, then remember that till now the price of bitcoin was between 6000 and 7000 USD but after a long time its price jumped, the same case can occur again but if you want invest in bitcoin then you must be sharp minded and must keep an eye on the digital currency market and must be patient because in bitcoin patience is the key to success.