价格本质

In the cryptocurrency world, you often hear that the cost for the market maker is X dollars, it can't drop further, the project's cost is X dollars, they will definitely pump and support the price, the miner's shutdown price is X dollars, a solid bottom, etc. But if you really believe these, you are not far from being harvested!

Price is never determined by cost; cost is just a psychological comfort. Miners need electricity costs, computing power requires equipment, and project parties need costs to issue tokens... These are indeed real money spent, but the formation of market prices depends solely on the willingness of buyers and sellers.

Simply put, if someone is willing to sell for 10,000 and someone is willing to buy for 10,000, the price is 10,000, even if the miner's cost is 30,000, as long as no one is willing to take over, the price can still drop to 1,000.