If you’re reading this then you probably have recognized by now that cryptoassets have value. The question needs to evolve into what value should each specific coin have?
The ultimate answer is “whatever someone is willing to pay for it.” However, in traditional markets, we have hundreds of years of analytical methods to determine value, something which has yet to emerge in this nascent industry.
To that end, I’d like to get the discussion started by sharing this simple video with you, where I discuss some of the basic concepts for evaluating cryptos.
Of course, all comments, questions, and insights are welcome so please feel free to reach out at any time.
eToro, Senior Market Analyst
- What the Fed Said (or didn’t)
- Dollar Surge
- Aye Aye Captain!
Please note: All data, figures & graphs are valid as of November 9th. All trading carries risk. Only risk capital you can afford to lose.
As expected, the Fed meeting last night was pretty vanilla. The statement released by the FOMC was very similar to the statement they handed down in August. There were only very minor changes to the text.
An email I received this morning from Bloomberg’s John Authers had an interesting take on this and pointed out that it’s not what the Fed said but what they didn’t say that’s interesting.
Here’s a list of omissions…
Of course, John’s point isn’t to criticize the Fed or not pointing out the obvious.