The Crypto J-Curve

I've just read this article which was posted by Chris Burniske (@cburniske): http://ift.tt/2hUehjU

In my own words, it explains how the price of a cryptoasset is composed of two factors. The current value (CV) & the speculative value (SV) (potential future value). Over time the ratios of CV & SV change, as speculators are first bullish about a given asset, but then lose faith. Once the cryptoasset is worked on for a while longer, the CV increase along with the SV (once again): creating a J shaped curve.

The article uses bitcoin as an example. Well worth checking out!

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