/biz/ - Business & Finance

>its a bubble

what you guys don't understand is how the market capitalization is calculated:
price * circulating supply = mcap
for bitcoin:
$13,281.30 * 16,805,212 = $223,195,062,136

this is just theory and does NOT mean that there are $223 billions worth in bitcoin. you are not able to sell every single circulating bitcoin for $13,281.30, nor that $223 billions got invested.
the total market cap isn't that high as it seems and we are far from being in a bubble.

>>2936926

>>2936926
This works if you're willing to wait a few days for gains instead of make immediate gains, and stick to volatile but dependable coins, which is to say, Bitcoin and ETH only. If either of those drop a couple of percent, buy at the dip: they'll be back. It may be in hours, days, or sometimes weeks. But so far they're a very safe bet to always recoup any fall.