Our knowledge of Scarcity from the above discussion can also be applied to Crypto dealings. Thus, Scarcity also plays a huge role (together with other core features) in the value of crypto coins like #Hive #Leo
#threadstorm
17/20
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Yes, it should play a role there too because crypto is still a currency right?
#threadstorm
Exactly 💯
When it comes to item that needs valuation in terms of its circulation, then scarcity is highly important.
Hmm, absolutely correct 👍😉.
I am a bloody newbie when it comes to Crypto currency, thanks to you now I can apply your theories to crypto
Well, at least you are earning #Hive #crypto, so that is a step.
You now know that sometimes the value of #Hive increases, and other times it decreases, such that whenever you want to withdraw Hive, it will be based on....
#threadstorm
...the current price. This is another step, and this is what we call #volatility in #crypto (price goes up and down).
You also know that the best time to #sell #Hive is when the value or price of #Hive is higher. hahahahah..
#threadstorm
...that is the rule of trading in #crypto: buy when it is low and sell when it is high.
To an extent, you are learning some crypto terms practically through #Hive.
I believe you will get better little by little
#threadstorm