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Assigning value to currencies is into up to eight decimal. One of the biggest issues tend to rebound and overbought.
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binance invite friends bonusHow Does Bitcoin Work?
The value of cryptocurrency is determined by supply and demand, just like anything else that people want. If demand increases faster than supply, the price goes. Bitcoin derives its value in the same way any currency does: by fulfilling the six characteristics of money. Those characteristics are: durability. Short answer: Because the ´┐Żvalue´┐Ż ´┐Ż of anything ´┐Ż is what people believe and want it to be. ´┐Ż Put another way: Any object or service is ´┐Żworth´┐Ż exactly as much.