/biz/ - Business & Finance

Are you people just all slow? How is it that business forum dedicated to turning profit frequently has threads where people say

Buy muh coin. It's mooning

When the fuck has it ever been a good idea to buy something while it's mooning? You buy low. I mean holy shit, sometimes you degenerates surprise me.

>>9205173 CONT
>>it has nothing to do with market cap. as long as outside money isn't involved people are just shuffling money around. if someone comes in a buys everybody's bitcoin for a trillion dollars then the market cap is a trillion, he's out that trillion, and everybody else takes it as profit. the average is still zero
I think this logic is flawed because you are describing a single transaction. If said guy spends a trillion on btc while it stands at 156Bil right now, there would be a 844Bil difference in current price and price paid. That means holders of btc wouldn't be up a Tril, they would be up 844BIL because of how much they already paid, not a Tril.

To summarize, our buyer would be out 1 Tril and our holders would be up 844 Bil meaning the average would be -166Bil.

This is by a large margin the most civilized conversation I've ever had on 4chan. But I have to go for now. I'll revisit later, and read the rest of this thread. I appreciate your demeanor in defending your point.

Peace.