Cryptocurrency Q&A
What is the fair market value of a cryptocurrency?
What is the fair market value of a cryptocurrency?
CryptoAlchemy
Sat Nov 30 2024
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6
answers
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I'm curious about the fair market value of a cryptocurrency. I want to understand what factors determine its worth in the open market, considering its volatile nature.
6 answers
EthereumElite
Mon Dec 02 2024
The fair market value of a cryptocurrency is a crucial aspect to consider during any transaction.
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CryptoElite
Mon Dec 02 2024
This value is determined at a specific point in time - the moment the transaction occurs.
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AltcoinAdventurer
Mon Dec 02 2024
It is not influenced by the price the day before or after the transaction.
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OpalSolitude
Mon Dec 02 2024
Nor is it an average of the prices throughout the day.
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DigitalDynastyGuard
Sun Dec 01 2024
Similarly, the closing price of the business day does not dictate the fair market value.
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