Cryptocurrency
- Thread starter Playboi Carti
- Start date
The only thing market cap measures is the amount of money that is tied up in cryptos. That's it. And it doesn't even make sense to use it like that if they are supposed to be currencies. Nobody talks about the Market cap of Pesos or Euros.
FIFY.
Also, I'll do better than BC, and sell you guys HariMadMoney for $1.90 per coin.
My grandpa told me to never take wooden nickels...wait a minute, you said wooden circles, not nickels? I'm in!
I never would have predicted this thread would go this way with BDK griping about losing his money.
Okay, I'll admit it, this is exactly what I thought would happen.
Okay, I'll admit it, this is exactly what I thought would happen.
Well when the market cap increases tipically so does the value of cryptoccurrencies. Pesos or Euros are fiat currency backed by a government.
Just lol, using Market Cap as if it is a thing that is important in one breath and then screaming that Crypto is a currency and not a speculative bubble in the next one.
I think you should look up some Youtube videos about what Market Capitilization is and where it matters.
So what is a better indicator on where the market is at? Do you know how the price of a cryptocurrency is measured? Market cap of a certain coin/ circulating supply. NEO has a market cap of $3,279,965,000 divid that by 65,000,000 NEO *= $51.46
I'll give you a hint: Market Cap is used when discussing stocks, not currencies.
Another hint: "In circulation" implies that people are using Cryptocurrencies primarily to buy things as opposed to purchasing and holding them in the hopes they increase in value. Maybe look up some youtube videos on "speculation" as well.
Special deal on the MDKoin for CF members only. $1.50/coin. Get in before its too late!
And yesterday it was zero? That's an increase of $1.5 billion in just one day! Hot damn, sounds like your the real deal. We all better get in. MDKcoin can only go up!
The problem with market cap is this: I have a 100 coins. I sell 1 to a guy for $1. Market cap is now $100. Another guy says I want to buy 1, I’ll pay $2! Market cap just doubled to $200. Yet 98 of those coins sit in the founders lap and only $3 has been spent. It’s a horrible judge of what something is worth in this space, especially across all crypto
And this isn't even mentioning the part where the extreme volatility of crypto means it's "market cap" can flucuate by the millions daily. That's why it's a useless measurement -- it varies wildly.
Right, but that’s why it can fluctuate like that as well. That 3rd coin could only sell for $.50 and now our market cap is $50. It’s stupid.
And at that lowest point, when you have all the pogs you can handle, SELL SELL SELL!