keeping in view the current dip in the crypto currency market. define how the economic principles of demand and scarcity relate to it?

Answers

Answer 1

cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.

Explanation:

KEY TAKEAWAYS

A cryptocurrency is a form of digital asset based on a network that is distributed across a large number of computers. This decentralized structure allows them to exist outside the control of governments and central authorities.The word “cryptocurrency” is derived from the encryption techniques which are used to secure the network.Blockchains, which are organizational methods for ensuring the integrity of transactional data, are an essential component of many cryptocurrencies.Many experts believe that blockchain and related technology will disrupt many industries, including finance and law. Cryptocurrencies face criticism for a number of reasons, including their use for illegal activities, exchange rate volatility, and vulnerabilities of the infrastructure underlying them. However, they also have been praised for their portability, divisibility, inflation resistance, and transparency.

Answer 2

The economic principles of demand and scarcity in relation to the current dip in the cryptocurrency market are the huge demand by whales who buy coins in bulk, which makes the market more volatile.

What is Demand?

This refers to the economic principle that states that the quantity of a good that a group of people wants, affects supply and price.

Hence, we can see that based on the current crypto dip, the use of demand and supply is shown as people who buy in bulk, affects the market at the expense of others which leads to the fall in the value of a coin.

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Related Questions

Explain why freedom of contract is not always beneficial to all contracting parties​

Answers

Answer:

A contract assignment occurs when one party involved in a contract, called the assignor, transferred the contract's performance duties and benefits to a third party, called the assignee. The obligations acquired by a contract cannot be transferred to an assignee without the consent of the other party involved (not the assignor), so the assignor can transfer duties to perform and benefits but not obligations.

In this case, Beneficial assigned its contract with Animal Feed to Crop Transport, and delegated its duties to perform and benefits to Animal Feed

Explanation:

To get ready to pull into the road and get out of the parking space.
which way do you need to lock the wheels?
Right or Left

Answers

Answer:

left

Explanation:

1. Which of these is NOT considered a stimulant?
O Cocaine
O Amphetamines
O Methamphetamine
O Oxycodone

Answers

Answer:

Its probably D. Oxycodone

Dont do drugs :v

Oxycodone is not considered a stimulant. Drugs in the stimulant family hasten the transmission of signals between the brain and body. They may awaken, alert, boost confidence, or energize a person. Thus, option D is correct.

Caffeine, nicotine, amphetamines, and cocaine are examples of stimulants. Overstimulation brought on by high dosages might result in agitation, hostility, panic attacks, seizures, migraines, stomach pains, and paranoia.

The prolonged use of strong stimulants may have negative repercussions. Stimulants come in a variety of forms, including pills, capsules, powders, small chunks of transparent crystals, and a white or brownish powder that resembles crystals and has a strong odor and unpleasant taste.

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A very serious crime that has a maximum possible sentence of more than one year in prison and that may have the death penalty it is called a ?

Answers

Answer:

A felony crime

victimisation refers to a person's violation of a human rights as well as a disturbance of their what​

Answers

......................bro....................

What is a Tort as it relates to basic law?

Answers

Answer:  A tort is an act or omission that gives rise to injury or harm to another and amounts to a civil wrong for which courts impose liability. In the context of torts, "injury" describes the invasion of any legal right, whereas "harm" describes a loss or detriment in fact that an individual suffers.

Explanation:

Hannah earned 140 prize tickets playing pinball at Gamer Grounds. She spends 85 tickets on a bracelet and the rest of her tickets on candies that cost 10 tickets each. At most, how many candies can Hannah get

Answers

The answer is 1190 candies

5 candies can Hannah get in exchange for 55 tickets. Typically, there are three balls in each pinball game, which correspond to your three turns.

What is a dummy ticket?

An itinerary for a round-trip flight from and back to the place of origin constitutes a dummy air ticket. Unlike a paid return ticket, a dummy ticket is not valid. It isn't a confirmed ticket; rather, it's just a document with the travel itinerary information.

Given

Total Prize tickets = 140

Tickets spend on the bracelet = 85

Tickets for candies that cost 10 each

Required to calculate how much candies get =?

Candies = 140 - 85 =55

Candies = 55 / 10 = 5 full candies Hannah gets.

Thus, Hannah gets 5 candies in exchange for 55 tickets. This cost, which is frequently referred to as "Face Value," is fully retained by the event organizer. Standard tickets make up the vast majority of Ticketmaster's sales.

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interviewing question
do you know what human rights are ​

Answers

Answer:

yes, human rights is what us humans need in life, for example one human right that we have is water, we NEED water to live

Explanation:

or education or put in any right

say what it is and that you know it then give an example

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