Anon on Nostr: Bitcoin vs Monero Price for Dummies! Imagine you have two types of fruits: apples and ...
Bitcoin vs Monero Price for Dummies!
Imagine you have two types of fruits: apples and oranges. Apples are very popular and everyone knows them, so they are sold in all markets and stores. Moreover, the government and big companies support apples and help them spread all over the country.
Oranges, on the other hand, are less known and some stores don't sell them because they are not as popular. Moreover, the government and big companies don't support oranges and, in fact, prohibit them from being sold in many places. This means that oranges have to be sold in secret, in underground markets.
Now, imagine you want to compare the price of apples and oranges. If you just look at the price, it may seem that apples are more valuable than oranges. But this doesn't take into account the context in which each fruit is sold. Apples have all the support of the financial system and big companies, while oranges are prohibited in many exchanges and don't have the same level of support.
Similarly, when you compare the price of Bitcoin and Monero, you need to consider the different conditions under which each currency is traded. Bitcoin has all the support of the financial system and big companies, while Monero is prohibited in many exchanges and doesn't have the same level of support. Moreover, Monero is more independent and not controlled by the system, while Bitcoin has already been "captured" by the system and is easier to control.
This means that the price of Bitcoin is influenced by the support of the system, while the price of Monero is influenced by the lack of support and prohibition in many places. Therefore, it's essential to consider these differences when comparing the prices of the two currencies.
In short, comparing the price of Bitcoin and Monero is not as simple as looking at the numbers. You need to understand the underlying factors that affect each currency's value, and consider the different environments in which they are traded.
#nostr
#Monero
#bitcoin
Imagine you have two types of fruits: apples and oranges. Apples are very popular and everyone knows them, so they are sold in all markets and stores. Moreover, the government and big companies support apples and help them spread all over the country.
Oranges, on the other hand, are less known and some stores don't sell them because they are not as popular. Moreover, the government and big companies don't support oranges and, in fact, prohibit them from being sold in many places. This means that oranges have to be sold in secret, in underground markets.
Now, imagine you want to compare the price of apples and oranges. If you just look at the price, it may seem that apples are more valuable than oranges. But this doesn't take into account the context in which each fruit is sold. Apples have all the support of the financial system and big companies, while oranges are prohibited in many exchanges and don't have the same level of support.
Similarly, when you compare the price of Bitcoin and Monero, you need to consider the different conditions under which each currency is traded. Bitcoin has all the support of the financial system and big companies, while Monero is prohibited in many exchanges and doesn't have the same level of support. Moreover, Monero is more independent and not controlled by the system, while Bitcoin has already been "captured" by the system and is easier to control.
This means that the price of Bitcoin is influenced by the support of the system, while the price of Monero is influenced by the lack of support and prohibition in many places. Therefore, it's essential to consider these differences when comparing the prices of the two currencies.
In short, comparing the price of Bitcoin and Monero is not as simple as looking at the numbers. You need to understand the underlying factors that affect each currency's value, and consider the different environments in which they are traded.
#nostr
#Monero
#bitcoin