Question

The value of cryptocurrency is independent of market conditions such as supply and demand.Em than a private blockchain true or false

Answer 1

False. Crypto currency is limited in supply . The creator chooses to launch less currencies in market to maintain the price high . If it wasn't the supply and demand of it, then the currencies is of no value. Consider a normal currency of any country. The more is the supply (possession) of the currency , it's value decreases . The less people have the currency , it's value is much .

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