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by tptacek 3061 days ago
Because...?
1 comments

Because it is based on supply and demand, it's just more volatile than what you're used to. Doesn't make it luck
The price is a function of the supply and demand.

The supply is mostly a function of time, as defined by the blockchain's algorithms.

The demand is a function of what, exactly?

Still looks mostly like luck to me.

you have hodlers which reduces supply even more.

demand is a function of greed.

blackjack tables are based on supply and demand. the margins on blackjack are ~51% in favor of house. if they don't get enough traffic, a swing could take the house. So if there isn't enough demand, than it's not financially feasible for the house to play those odds.