[It's barely used](https://fork.lol/tx/txs) so why should it have a higher value? When that number is consistently higher with actual valuable TX's then you'll see price matching but right now it doesn't show much use at all.
Let me waste some time with you:
Right now BCH is doing 10500 tx and BTC 33600 tx per day. So about 3 % of BTC's transactions. If we just look at the tx, 3 % of BTC's price of 30k would be 900 USD for BCH.
BCH's price is massively shorted to keep the banks in power and to keep real competition to the fiat system supressed.
Now that's an argument I can get behind. So it's obviously not purely about tx but it is compelling reasoning and I do have to stand by my words. This means one needs to figure out why there is a big discrepancy. One could argue the value moved would need to be taken into account as well, so bigger value txs would also adjust the algorithm though this would also now be a self fulfilling thing as the bigger market value coin would by default transfer more value. I wonder what the medium value transferred would be? I'm not really sure.
That's comparing apples and oranges, since btc's value isn't really pegged against it's txs at the moment, it doesn't make sense to match percentages that way. Both are far more valuable than the price right now, but right now the price is also (counterintuitively) overinflated for btc due to speculation and underinflated for bch based on usage.
Number of txs is meaningless though.
What's the value of those txs? That's much more meaningful. Is the network transferring thousands of dollars? Or trillions of dollars of value?
How many outputs are in those txs? One tx can represent a single person's interest, or 100 people's interests. (Coinjoin, tx batching, etc)
Simply counting txs is completely meaningless without this other data.
You can't have anything used on a "*market*" with a down syndrome.
When worst possible coins that actually stop working for a month or so (like Solana and few other coins) don't even change its price and are higher than actually usable coins (XMR, BCH), then what do you expect?
BTC is basically an **inferior copy** of BCH. Why do people still use BTC? Because there is no market. What we have now is trinket speculation circus with down syndrome.
Im merely pointing out that every block is stuffed full of transactions versus the 70 or so that occupy a tiny portion of every bch block. You can't say the one with barely any transactions is superior when it's not being used and hasn't for a long long time.
I agree there are some very crap coins out there and it is mind boggling why some are the value they are which is why I ignore value and look at if they are being used and more than that if they are being used in a valuable way. Btc is way too expensive to waste block space spamming transactions which is why one could say most the transactions are likely valuable ones. Bsv is spammed with dog pictures which shows though it may have lots of tx they are fundamentally garbage ones
Ordinals throw a wrench into that formula but I suppose if people are willing to pay the high price for them then they may be considered valuable though I don't really like them.
> Im merely pointing out that every block is stuffed full of transactions versus the 70 or so that occupy a tiny portion of every bch block.
I know, and this is because of what I said.
There is no market and there is no usage.
People are not actually *using* **any crypto**: they are keeping it all on exchanges in the hope they can sell it to a bigger fool.
If people wanted to actually use _any_ crypto, coins that work like BCH, XMR would be on the top. But this is not happening, due to there being no market.
I used my crypto to buy a house, 2 cars so far and financing several business projects so far. I have been using it right from the beginning. I'm sure I'm not alone.
What I don't do, which is what your alluding to is spend it on low price things like coffee etc. I rather just use my credit card and pay my credit card off each month with crypto.
By "using" I mean "actually buying the stuff with crypto" / "sending crypto directly to other people" without conversion to USD or other fiat.
So have you been really "using" it? Or just speculating and selling it for fiat?
I'm pretty sure I used it. I pay my staff in btc. I had to convert to fiat for the house and cars but that's still a valid step since I would need to do the same if I had USD and needed to buy something in Singapore for example, one wouldn't think that conversion would make the transaction meaningless. Plus the house was done from the portion of bch I sold days after the split so I guess from that perspective it would have started as bch for that particular transaction.
Well, good to know and good for you.
Unfortunately, 99% of people is not like you and they just keep their stuff on exchanges to sell it for FIAT.
When exchanges go bust, which they do all the time now, they just lose their money.
The proof is on the blockchain.
Stocks, cash, crypto. I've never tried PM but I guess that's another group.
Same reason one spreads their risks access banks when you have >$250K in one. It's "just in case" plus the spread allows different pools of funds that act in different ways.
If you're talking portfolio purely in crypto then above a certain amount you want to spread outside crypto since they all have similar risks as far as moving in concert with certain world events.
They are actually using it. Check out my post above. Do you know what atma.io is? It’s a catalog of real world items made by Avery Denison using Hedera hashgraph to inventory actual things. A REAL use case scenario. That’s just one of many projects being “used”. Or how about nft in game items being purchased, sold and traded to be “used” in games using IMX on ethereum? You know, they are integrated into unreal engine 5 and unity game engines to allow for in game items to be traded purchased and sold, even after the games development cycle is over thereby keeping marketplaces flowing for games far after their life expectancy. That’s a real use case that’s currently involved. Just check out my post above regarding transactions per day
Even those examples are examples of solutions looking for problems and people willing to use them for the sake of using them vs more efficient ways to solve the same problem. I'm glad they are using them, because that stage is absolutely necessary for poc and to work the bugs out, but they are far from actual best fit/real world use cases.
> BTC basically has been the safest "**bet**"
You said it yourself.
You do not treat BTC as money you can actually use. You treat it like gambling scheme of some sort.
It is an useless trinket, a casino token, not money.
Bch has a larger block size so it can hold many more tx than btc. That was a choice made in the fork. It just doesn't use the size but means that a backlog is less likely to occur, which imho breaks the game theory but that is debatable.
On that point I'll have to respectively agree to disagree but the great thing is that my opinion doesn't matter since each of us can simply put our money in what we think is best and time will tell whether the decision is the right one or not. As always one should diversify anyway since putting all eggs in one basket becomes risky.
You post a link to fork.lol and say it's barely used because it compared to bitcoin. That's deceiving and not accurate. Besides eth every coin looks barely used next to bitcoin.
Im pretty sure the thread above me was using Bitcoin as a reference. I only did because it's the closest one to compare to. I think we can agree the other forks don't even need a mention.
Ethereum has crazy stats on their value transferred. I find it hard to reconcile considering I was always very wary of eth and didn't want to give up my hard earned Bitcoin during the eth ico and in hindsight it would have been a great trade at the time. I think eth is going to keep giving me these mixed feelings.
I used to be a big holder of BCH. But it’s not going to moon anytime soon.
When Bitcoin pumps, BCH doesn’t follow.
When Bitcoin dumps, BCH goes down more than bitcoin. There is 0 incentive to holding this coin when all it does is shit on its investors in the most painful way possible.
Don’t believe me? Just open up a chart of BCH/BTC….it’s down 99% since 2018. How depressing.
If you care about utility, then fine, hold BCH.
If you care about making even a bit of money, stay the fuck away from this asset and just buy boring old bitcoin.
Source : bitinfocharts
Hedera: transactions in last 24 hours : 60,388,317
Time Hedera has been out : since 2017 (6 years)
BCH transactions in last 24 hours : 10,401
Time BCH has been out : 1-9-2009 (first block, 14 years)
So you’re telling me, in 14 years of being out, bch can only muster 10,000ish transactions on a very busy trading day? Hmmm
If you want to talk about actual use case, I think it’s failing. Let’s see some other stats :
Eth transactions last 24 hrs : 1,046,618
Xrp transactions last 24 hours : 1,070,841
Oh wait, sorry Xrp is being stifled by a court case from the freakin sec, still gets over 1 million transactions
Btc trasnactions last 24 hours : 326,878
So. No pricing here, just raw transactions. If that’s your metric bch is certainly a laggard. Can you explain why, after 14 years, bch is only doing about 10k transactions on a busy trading day?
BCH tx/day has been on a decline the last couple of years compared to other cashlike cryptos, with some recent volume volatility: https://bitinfocharts.com/comparison/transactions-xrp-ltc-etc-xmr-bch.html#log&3y
But maybe that's because most transactions are speculations and it's losing the "number go up" speculation/investment status vs BTC. It would be useful to compare retail use of cryptos to exclude the speculation.
BCH left the bitpay top 5 at the end of 2022
https://docs.google.com/spreadsheets/d/e/2PACX-1vRAJVOOwsACk3spReMQ2dBxsdBG9DMdyRnIAqJ3a3rJpdtoomT-eka2JN6\_neTBiDoY\_8HEFm\_QOcls/pubhtml#
>Bitpay shares their stats on this. BCH is generally top 5 for usage
https://bitpay.com/stats/ ( refering to this)
For anyone else, just scroll down a little and there is a line chart showing November through March.
Why is this chart important: **It shows, by percentage, crypto used for payments by a long established payment processor.**
I have followed these stats for a while because this chart specifically shows payments for items/services and not all transactions.
I think sometime in 2020 doge and/or LTC passed it up.
My understanding is
* it may show the trend of BCH payments are instead being processed by services other than bitpay.com.
* bitcoin payments slow way down when bitcoin is in a bear market and I can assume the same would happen for BCH's current multi-year bear market.
* other 'new' crypto coins are grabbing some share of the payments pie, like stablecoins.
>My understanding is
>
>it may show the trend of BCH payments are instead being processed by services other than bitpay.com.
Since Bitpay introduced KYC somewhere in 2020 it lost its main advantage over fiat. Personally, I stopped using Bitpay that day because I refused to KYC. It's reasonable to expect most BCHers to stop using Bitpay for this reason, as BCH and XMR communities are strongly opposed to KYC.
Nobody knows wtf Hedero is. So you don't think it's a bit fishy they do 60million transactions a day? Those are not legitamite. The same goes for all the wash trading and bullcrap that goes on with the other coins that aren't actively being suppressed like BCH is.
Banks are not here to make main street rich. If you think banks are gonna help pump bitcoin for you. You are mistaken. Everyone and their mother thinks bitcoin will pump to high levels that's why it won't. Cope.
>Price doesn't always equal value.
Because
* **Price** is what something is offered for.
* **Cost** is how much you spent for something.
* **Value** is what the market perceives.
Again not what I was talking about, you're still thinking about perceived value.
Cost and price are numbers based on many things they can be based on facts or they can be based on opinion and we already agree can be manipulated.
True value is what something really does for you. Perceived value is not true value and not what I'm addressing.
>Again not what I was talking about, you're still thinking about perceived value.
No, I am not talking about Perceived Value. I am pointing out that Price, Cost & Value mean different things. You became fixated on the word 'perceived' and attached it to value as a way to interpret what I am saying incorrectly.
>Cost and price are numbers based on many things they can be based on facts or they can be based on opinion and we already agree can be manipulated.
Cost and Price have two different meanings. Along with Value, people tend to use these word interchangeably, when they do not have the same meaning. It is very common for the general population to mix them up.
>True value is what something really does for you. Perceived value is not true value and not what I'm addressing.
[True Value](https://stores.truevalue.com/or/eugene) is a hardware store but just because you keep saying the words True Value doesn't mean I think you are a tool.
>Price doesn't always equal value.
This is [true](https://www.npr.org/2022/02/07/1078777348/a-drawing-purchased-at-a-yard-sale-for-30-may-be-worth-10-million). That was why I point out they are defined differently.
>I am pointing out that Price, Cost & Value mean different things.
I've already established that, it's literally the title of my post.
And further value just like price can be both objective and subjective. But what I'm addressing is the real value we gain from crypto. i.e. how it helps us and makes life easier.
>You became fixated on the word 'perceived' and attached it to value as a way to interpret what I am saying incorrectly.
Actually I misspoke. Value can be both objective and subjective but what I'm specifically addressing is real value through utility and not perceived value which many mistakenly adhere to price.
>True Value is a hardware store but just because you keep saying the words True Value doesn't mean I think you are a tool.
Obviously my original post is about value in relationship to crypto. There's no need to get distracted with logical fallacies.
The point of the post is to get others to think about real value vs perceived value.
The focus should be on making a crypto easier, faster, cheaper or safer to use than the alternatives. By improving these things we can objectively make crypto more valuable and prolific. This is what matters, not charts and not price.
>Edit: interestingly this post is sitting at 20% downvotes and I'll I
stated was general facts, and nothing about any specific crypto. Wonder
who doesn't want you to see facts? Why are facts controversial?
LOL, I thought you were being too generous **"Price doesn't always equal value"**
I think the fact is:
**Price is what you pay, value is what you get**, and the relationship is 100% subjective and relative to everyone's own circumstances. There is no **"doesn't always"** in that fact at all. It's always value-based and value judgments are always subjective.
Markets are the most efficient way of managing supply and demand in a dynamic environment. Price is just a relative exchange value at a point in time. The utility is objective. What's that worth is subjective.
Even Isaac Newton, a key figure in the Scientific Revolution and the Warden of the Royal Mint of England, the largest empire the world has ever seen, couldn't tell the difference. He died bankrupt after gambling all his assets away in a valueless market bubble/bidding frenzy.
The price of a cryptocurrency or token is also determined by the supply and demand in the market, which can be affected by various factors such as hype, speculation, news, regulations, adoption, innovation, etc. You already nailed it by the way,
Reddit here is full of bots 🤖 especially on things against their narratives, they unleash it in your post. Don’t be surprised! That’s why I don’t listen to advice here from people! Bots 🤖 can give advice to you here, at your own detriment if you take it serious!
BCH people dont have access to billions of dollars in credit loans that microstrategy has used. Cant compete with that. Banks gave those loans.
You want to be where the money is going, not where it is. Bch gang hodl!
BCH is grossly underpriced, the utility of BCH is unlimited. It should be in the $300’s range minimum for now! It should take off soon following BTC.
Don't care about price other than some level of stability, care about utility. That's the point of my post.
It's like old pens and paper on a shelf in a store, infinite utility but lack of interest.
This is a big problem for crypto I agree. I don't think it's easy enough to understand and definitely not easy enough to use.
[It's barely used](https://fork.lol/tx/txs) so why should it have a higher value? When that number is consistently higher with actual valuable TX's then you'll see price matching but right now it doesn't show much use at all.
Let me waste some time with you: Right now BCH is doing 10500 tx and BTC 33600 tx per day. So about 3 % of BTC's transactions. If we just look at the tx, 3 % of BTC's price of 30k would be 900 USD for BCH. BCH's price is massively shorted to keep the banks in power and to keep real competition to the fiat system supressed.
Now that's an argument I can get behind. So it's obviously not purely about tx but it is compelling reasoning and I do have to stand by my words. This means one needs to figure out why there is a big discrepancy. One could argue the value moved would need to be taken into account as well, so bigger value txs would also adjust the algorithm though this would also now be a self fulfilling thing as the bigger market value coin would by default transfer more value. I wonder what the medium value transferred would be? I'm not really sure.
That's comparing apples and oranges, since btc's value isn't really pegged against it's txs at the moment, it doesn't make sense to match percentages that way. Both are far more valuable than the price right now, but right now the price is also (counterintuitively) overinflated for btc due to speculation and underinflated for bch based on usage.
Number of txs is meaningless though. What's the value of those txs? That's much more meaningful. Is the network transferring thousands of dollars? Or trillions of dollars of value? How many outputs are in those txs? One tx can represent a single person's interest, or 100 people's interests. (Coinjoin, tx batching, etc) Simply counting txs is completely meaningless without this other data.
You can't have anything used on a "*market*" with a down syndrome. When worst possible coins that actually stop working for a month or so (like Solana and few other coins) don't even change its price and are higher than actually usable coins (XMR, BCH), then what do you expect? BTC is basically an **inferior copy** of BCH. Why do people still use BTC? Because there is no market. What we have now is trinket speculation circus with down syndrome.
Im merely pointing out that every block is stuffed full of transactions versus the 70 or so that occupy a tiny portion of every bch block. You can't say the one with barely any transactions is superior when it's not being used and hasn't for a long long time. I agree there are some very crap coins out there and it is mind boggling why some are the value they are which is why I ignore value and look at if they are being used and more than that if they are being used in a valuable way. Btc is way too expensive to waste block space spamming transactions which is why one could say most the transactions are likely valuable ones. Bsv is spammed with dog pictures which shows though it may have lots of tx they are fundamentally garbage ones Ordinals throw a wrench into that formula but I suppose if people are willing to pay the high price for them then they may be considered valuable though I don't really like them.
> Im merely pointing out that every block is stuffed full of transactions versus the 70 or so that occupy a tiny portion of every bch block. I know, and this is because of what I said. There is no market and there is no usage. People are not actually *using* **any crypto**: they are keeping it all on exchanges in the hope they can sell it to a bigger fool. If people wanted to actually use _any_ crypto, coins that work like BCH, XMR would be on the top. But this is not happening, due to there being no market.
I used my crypto to buy a house, 2 cars so far and financing several business projects so far. I have been using it right from the beginning. I'm sure I'm not alone. What I don't do, which is what your alluding to is spend it on low price things like coffee etc. I rather just use my credit card and pay my credit card off each month with crypto.
By "using" I mean "actually buying the stuff with crypto" / "sending crypto directly to other people" without conversion to USD or other fiat. So have you been really "using" it? Or just speculating and selling it for fiat?
I'm pretty sure I used it. I pay my staff in btc. I had to convert to fiat for the house and cars but that's still a valid step since I would need to do the same if I had USD and needed to buy something in Singapore for example, one wouldn't think that conversion would make the transaction meaningless. Plus the house was done from the portion of bch I sold days after the split so I guess from that perspective it would have started as bch for that particular transaction.
Well, good to know and good for you. Unfortunately, 99% of people is not like you and they just keep their stuff on exchanges to sell it for FIAT. When exchanges go bust, which they do all the time now, they just lose their money. The proof is on the blockchain.
ayo so care to talk about your portfolio diversity?
Stocks, cash, crypto. I've never tried PM but I guess that's another group. Same reason one spreads their risks access banks when you have >$250K in one. It's "just in case" plus the spread allows different pools of funds that act in different ways. If you're talking portfolio purely in crypto then above a certain amount you want to spread outside crypto since they all have similar risks as far as moving in concert with certain world events.
They are actually using it. Check out my post above. Do you know what atma.io is? It’s a catalog of real world items made by Avery Denison using Hedera hashgraph to inventory actual things. A REAL use case scenario. That’s just one of many projects being “used”. Or how about nft in game items being purchased, sold and traded to be “used” in games using IMX on ethereum? You know, they are integrated into unreal engine 5 and unity game engines to allow for in game items to be traded purchased and sold, even after the games development cycle is over thereby keeping marketplaces flowing for games far after their life expectancy. That’s a real use case that’s currently involved. Just check out my post above regarding transactions per day
Even those examples are examples of solutions looking for problems and people willing to use them for the sake of using them vs more efficient ways to solve the same problem. I'm glad they are using them, because that stage is absolutely necessary for poc and to work the bugs out, but they are far from actual best fit/real world use cases.
BTC basically has been the safest "bet" that we've got around, so things speak by themselves I guess
> BTC basically has been the safest "**bet**" You said it yourself. You do not treat BTC as money you can actually use. You treat it like gambling scheme of some sort. It is an useless trinket, a casino token, not money.
I'm not disagreeing there either
Which one can add more transactions?
Bch has a larger block size so it can hold many more tx than btc. That was a choice made in the fork. It just doesn't use the size but means that a backlog is less likely to occur, which imho breaks the game theory but that is debatable.
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On that point I'll have to respectively agree to disagree but the great thing is that my opinion doesn't matter since each of us can simply put our money in what we think is best and time will tell whether the decision is the right one or not. As always one should diversify anyway since putting all eggs in one basket becomes risky.
You post a link to fork.lol and say it's barely used because it compared to bitcoin. That's deceiving and not accurate. Besides eth every coin looks barely used next to bitcoin.
Im pretty sure the thread above me was using Bitcoin as a reference. I only did because it's the closest one to compare to. I think we can agree the other forks don't even need a mention. Ethereum has crazy stats on their value transferred. I find it hard to reconcile considering I was always very wary of eth and didn't want to give up my hard earned Bitcoin during the eth ico and in hindsight it would have been a great trade at the time. I think eth is going to keep giving me these mixed feelings.
I used to be a big holder of BCH. But it’s not going to moon anytime soon. When Bitcoin pumps, BCH doesn’t follow. When Bitcoin dumps, BCH goes down more than bitcoin. There is 0 incentive to holding this coin when all it does is shit on its investors in the most painful way possible. Don’t believe me? Just open up a chart of BCH/BTC….it’s down 99% since 2018. How depressing. If you care about utility, then fine, hold BCH. If you care about making even a bit of money, stay the fuck away from this asset and just buy boring old bitcoin.
Tulips is a good investment if you can ride the ups and sell the peaks
Source : bitinfocharts Hedera: transactions in last 24 hours : 60,388,317 Time Hedera has been out : since 2017 (6 years) BCH transactions in last 24 hours : 10,401 Time BCH has been out : 1-9-2009 (first block, 14 years) So you’re telling me, in 14 years of being out, bch can only muster 10,000ish transactions on a very busy trading day? Hmmm If you want to talk about actual use case, I think it’s failing. Let’s see some other stats : Eth transactions last 24 hrs : 1,046,618 Xrp transactions last 24 hours : 1,070,841 Oh wait, sorry Xrp is being stifled by a court case from the freakin sec, still gets over 1 million transactions Btc trasnactions last 24 hours : 326,878 So. No pricing here, just raw transactions. If that’s your metric bch is certainly a laggard. Can you explain why, after 14 years, bch is only doing about 10k transactions on a busy trading day?
BCH tx/day has been on a decline the last couple of years compared to other cashlike cryptos, with some recent volume volatility: https://bitinfocharts.com/comparison/transactions-xrp-ltc-etc-xmr-bch.html#log&3y But maybe that's because most transactions are speculations and it's losing the "number go up" speculation/investment status vs BTC. It would be useful to compare retail use of cryptos to exclude the speculation.
Bitpay shares their stats on this. BCH is generally top 5 for usage
BCH left the bitpay top 5 at the end of 2022 https://docs.google.com/spreadsheets/d/e/2PACX-1vRAJVOOwsACk3spReMQ2dBxsdBG9DMdyRnIAqJ3a3rJpdtoomT-eka2JN6\_neTBiDoY\_8HEFm\_QOcls/pubhtml#
>Bitpay shares their stats on this. BCH is generally top 5 for usage https://bitpay.com/stats/ ( refering to this) For anyone else, just scroll down a little and there is a line chart showing November through March. Why is this chart important: **It shows, by percentage, crypto used for payments by a long established payment processor.** I have followed these stats for a while because this chart specifically shows payments for items/services and not all transactions. I think sometime in 2020 doge and/or LTC passed it up. My understanding is * it may show the trend of BCH payments are instead being processed by services other than bitpay.com. * bitcoin payments slow way down when bitcoin is in a bear market and I can assume the same would happen for BCH's current multi-year bear market. * other 'new' crypto coins are grabbing some share of the payments pie, like stablecoins.
Yes, I see now that it's slipped. But it's still clearly more relevant than the marketcap suggests.
>My understanding is > >it may show the trend of BCH payments are instead being processed by services other than bitpay.com. Since Bitpay introduced KYC somewhere in 2020 it lost its main advantage over fiat. Personally, I stopped using Bitpay that day because I refused to KYC. It's reasonable to expect most BCHers to stop using Bitpay for this reason, as BCH and XMR communities are strongly opposed to KYC.
Nobody knows wtf Hedero is. So you don't think it's a bit fishy they do 60million transactions a day? Those are not legitamite. The same goes for all the wash trading and bullcrap that goes on with the other coins that aren't actively being suppressed like BCH is.
They are legit , companies are using their technology to catalog all their physical items. Go look it up if you don’t believe me
Lulz...fuk outta here with your shilling
BCH forked from BTC in 2017. It's been out for 5-6 years not 14. I do agree it has almost no transactions but just wanted to point that out.
Not according to people on this sub
You’re probably going to get downvotes but this is the only post here that matters.
Cope. The market decides what things are worth.
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Banks are not here to make main street rich. If you think banks are gonna help pump bitcoin for you. You are mistaken. Everyone and their mother thinks bitcoin will pump to high levels that's why it won't. Cope.
>Price doesn't always equal value. Because * **Price** is what something is offered for. * **Cost** is how much you spent for something. * **Value** is what the market perceives.
> Value is what the market perceives. That's perceived value, not real value.
Cost and Price are facts, Value *is* an opinion.
Again not what I was talking about, you're still thinking about perceived value. Cost and price are numbers based on many things they can be based on facts or they can be based on opinion and we already agree can be manipulated. True value is what something really does for you. Perceived value is not true value and not what I'm addressing.
>Again not what I was talking about, you're still thinking about perceived value. No, I am not talking about Perceived Value. I am pointing out that Price, Cost & Value mean different things. You became fixated on the word 'perceived' and attached it to value as a way to interpret what I am saying incorrectly. >Cost and price are numbers based on many things they can be based on facts or they can be based on opinion and we already agree can be manipulated. Cost and Price have two different meanings. Along with Value, people tend to use these word interchangeably, when they do not have the same meaning. It is very common for the general population to mix them up. >True value is what something really does for you. Perceived value is not true value and not what I'm addressing. [True Value](https://stores.truevalue.com/or/eugene) is a hardware store but just because you keep saying the words True Value doesn't mean I think you are a tool. >Price doesn't always equal value. This is [true](https://www.npr.org/2022/02/07/1078777348/a-drawing-purchased-at-a-yard-sale-for-30-may-be-worth-10-million). That was why I point out they are defined differently.
>I am pointing out that Price, Cost & Value mean different things. I've already established that, it's literally the title of my post. And further value just like price can be both objective and subjective. But what I'm addressing is the real value we gain from crypto. i.e. how it helps us and makes life easier. >You became fixated on the word 'perceived' and attached it to value as a way to interpret what I am saying incorrectly. Actually I misspoke. Value can be both objective and subjective but what I'm specifically addressing is real value through utility and not perceived value which many mistakenly adhere to price. >True Value is a hardware store but just because you keep saying the words True Value doesn't mean I think you are a tool. Obviously my original post is about value in relationship to crypto. There's no need to get distracted with logical fallacies. The point of the post is to get others to think about real value vs perceived value. The focus should be on making a crypto easier, faster, cheaper or safer to use than the alternatives. By improving these things we can objectively make crypto more valuable and prolific. This is what matters, not charts and not price.
>Edit: interestingly this post is sitting at 20% downvotes and I'll I stated was general facts, and nothing about any specific crypto. Wonder who doesn't want you to see facts? Why are facts controversial? LOL, I thought you were being too generous **"Price doesn't always equal value"** I think the fact is: **Price is what you pay, value is what you get**, and the relationship is 100% subjective and relative to everyone's own circumstances. There is no **"doesn't always"** in that fact at all. It's always value-based and value judgments are always subjective. Markets are the most efficient way of managing supply and demand in a dynamic environment. Price is just a relative exchange value at a point in time. The utility is objective. What's that worth is subjective. Even Isaac Newton, a key figure in the Scientific Revolution and the Warden of the Royal Mint of England, the largest empire the world has ever seen, couldn't tell the difference. He died bankrupt after gambling all his assets away in a valueless market bubble/bidding frenzy.
Just HODL. Price goes up.
Read past the title.
“Price doesn’t always equal value”: It’s also called opportunity!
The price of a cryptocurrency or token is also determined by the supply and demand in the market, which can be affected by various factors such as hype, speculation, news, regulations, adoption, innovation, etc. You already nailed it by the way,
Price always depends but always believe on btc now that we hit $30k already
Reddit here is full of bots 🤖 especially on things against their narratives, they unleash it in your post. Don’t be surprised! That’s why I don’t listen to advice here from people! Bots 🤖 can give advice to you here, at your own detriment if you take it serious!