Minereum BSC Contract Address (MNEB)
Minereum BSC Token ($MNEB) Contract Address
Minereum BSC Contract Address
0xd22202d23fe7de9e3dbe11a2a88f42f4cb9507cf
Related Video:
Crypto Value
Transcription (Autogenerated):
what makes Bitcoin and cryptocurrencies
go up in value isn’t it hype or is there
real value I think it’s a bit of
everything you mentioned hype which is
kind of the news flow in the headline
and media coverage
it certainly has got a fair amount of
that recently what’s also happening is
it’s a supply and demand and essentially
we have something that’s pretty small
but quite potentially the future and
then we have a very bloated in
indigested old man fiat currency that
has to leak out a lot of its PS into the
new exchange system so I think we’re in
a transition and as a result there’s a
wall of money and whenever you have a
wall of money in the demand area you get
these extremely volatile but generally
upward moving markets that doesn’t mean
the wall of money is always coming in at
always the same rate and it doesn’t mean
that perception of valuation doesn’t get
overextended so it’s quite feasible that
we are quite overextended in perception
of over-over valuation in terms of how
far the technology and the proliferation
has got but there is still scope for us
to become more so in the longer run that
we will have to align with practical use
proliferation and there will be a
balancing off so I think while there’s a
wall of money you you don’t want to be
out of the game so are we experiencing a
cryptocurrency rush is this a bit like
the dot-com bubble or so interesting
analogy it’s an interesting analogy I
avoid the word bubble so the tulip mania
was a bubble so I differentiate I think
bubble is a bit of an annoying phrase
that gets over utilized tulip mania was
a bubble essentially you win from
something that was worth you know very
few fraction of a few guilders it went
to the moon and went all the way back
down to what it was before and in some
certain colors of bulb it means a little
lower than it was before
so that was just a flash in a pan that
returns
dot-com slightly interesting essentially
we there was a lot of businesses that
got listed for which there was not a
great deal to them in other words the
you know Bridal kombu com
they were a business plan an idea about
a website and then selling all the
wedding dresses of the world nothing
didn’t happen but out of that error and
the internet we totally changed how we
go about doing business it was a key
pivotal moments I mean Amazon has 42% of
US retail now people were telling you to
short Amazon throughout the dot-com boom
they never made a profit he just took
all his money and reinvested reinvested
he now owns a massive slice of online
retail and is a unicorn company that
traded through $1,000 not so long ago
sure it may sell off in any tech
sell-off and may still have quite some
way but that company is not going away
and has changed retail then you’ve got
the the googles and the Netflix and all
of these elements that came out Cisco
they were slightly on the hardware side
there are companies that have done tens
of hundreds of percents appreciation and
there’s in a whole new way of doing
business
so I do think there is a parallel to the
dot-com that doesn’t mean it’s all of a
bubble as in it’ll just go back and
disappear and go away like nothing ever
happens I think there’s high for
valuation there so you have to
acknowledge that the money sometimes
gets ahead of the delivery aspect for a
while and you will have a reset back but
then eventually you know those changes
are coming
[Music]
yeah ninety billion is a juicy market
cap and the case is it’s accurate if
that’s what the market says it is so
this is a case of where there isn’t easy
mannerism for valuation if the amount of
money that is moving in bids it up to
that level then that’s because of that
money that is entering into the system
so it’s a balancing of supply and demand
however if a lot of that money is only
coming in for the speculative bigger
idiot narrative when things go bad a lot
of it could exit and would be an you
know be birds in essence and be scared
money
so if valuation is a bit of a tenuous
discussion in such an early industry in
the same way how did we value Amazon
have never made any profit initially but
it just kept taking that revenue and
reinvesting it in owning industries so
it’s a bit of a tough one do people use
the currency for anything other than
speculation a good question because
that’s going to be the sustainability I
think initially the bulk of the people
are the store of a store of appreciation
value hopefully for them in other words
it’s a capital appreciation Damon a lot
of them are getting in it some people do
buy their cannabis maybe all other
aspects certain people that have you
know when Silk Road used to exist
Bitcoin was the the medium of exchange
and it was you know supposedly
untrackable etc so there have been
purchases made Bitcoin has got a real
legitimate you know you take payment
some of the others as yet best case is
yet to be made and so people are
transacting in the point for items and
it is expanding in the others I think
it’s the case is still to be made