/biz/ - Business & Finance

>>24121610
Exactly, shit like IdiOTA was at Cripples current marketcap during the last bullrun after all. There is no point in denying 1k per LINK.

>>24121610
Market cap fags are people who have just learned crypto 101 and suddenly suffer from the delusion that they are informed.

>>24121610
duh

>>24121610
Can you imagine your face when it hits 4 digit pricing and the market cap is trillions

XRP, the standard

>>24121610
>>24121701
Yeah sure, no coin will surpass ETH or BTC market cap anytime soon. MCap is still relevant.

>>24121701
You too. Supply matters, market cap indicates buying pressure, price alone says nothing.

>>24123235
price is everything 1000 eoy

>>24121701

Marketcap is a metric to compare the current value of similar assets. Market cap is an extremely important metric. You’re literally retarded Anon.

>>24123291
If I release two coins that are exactly the same except one has a total supply of 100 and the other a million do you think their prices will be the same? Want to make a bet? What does the price of either coin tell you if you don't know the supply? Absolutely nothing.

>>24123235
Volume and order book depth give some idea about buying pressure, ignoring spoofing/wash trading etc.
I can print 10 trillion ERC20 tokens and sell one for $1 and boom, $10 trillion market cap. There's your "extremely important metric".

>>24123345
Its the worst metric there is

>>24123505
>I can print 10 trillion ERC20 tokens and sell one for $1 and boom, $10 trillion market cap.
What an amazing insight, I'm sure nobody has ever thought of that.
In practice your example only works if all but one of 10 trillion tokens were locked, not accessible on the markets and then the liquid market cap is $1. If buyers know there are 10 trillion locked tokens to be released at an unknown future date buying one for $1 now when only one is available is likely a bad idea unless you have reason to believe there will be demand for 10 trillion tokens at a higher price.

>>24123554
Price alone is much worse. It contains no information at all unlike market cap.

>>24121610
>market cap
>currency

lets see the market cap for copper, oil and the spanish peso

there's no reason to measure the market cap of commodities and currencies. They're too big.

>>24121610
Exactly. Thats why the argument against XRP that “the market cap can’t possibly be that high!” Is brainlet tier fud. It literally is an irrelevant form if measurement for maturing markets.
2KEOY

>>24123621
None of that addresses my point that market cap is just a crude multiplication that only gives partial useful data at best. The fact you start breaking it down into semantics like "liquid market cap" proves my point.

>>24123658
price dictates mcap. not the other way around brainlet.

>>24123706
>lets see the market cap for copper, oil and the spanish peso
Are you braindead plants implying that if the supply of copper increases that doesn't affect the price? What the fuck is wrong with your brains?
>>24123805
You have no fucking point. You're arguing that ignoring information gives you a more accurate picture of reality. This is the dumbest arguments imaginable and you're only making it based on some idiotic copium about your shitcoin.
>>24123817
Supply and demand dictates price. Market cap gives an indicator of both. Price alone gives an indicator of nothing. NO INFORMATION AT ALL IS INCLUDED. Why aren't you capable of grasping basic reason?

>LINK takes 2 months to recover 30%
>XRP rockets 30% in a single day

How do LINKcels cope with this?

>>24123924
ok i'll play your little game. what does the mcap say about XRP?

>>24124038
It tells you what the current price times the supply is. If you can't grasp that supply is relevant to price formation you need serious help that I can't provide. Read basics of supply and demand, play around with shitcoins and notice the relevance of the supply. A shitcoin with low supply reaches higher prices much easier. Your NPC non-logic couldn't predict this pattern that reliably repeats across every shitcoin. Your logic only allows you make random claims about price you grab out of the air based on nothing while you brag about 30% gains to someone who made 4000% this year.

>>24124344
what the fuck are you on about retard? who's making 30% gains? i'm all in LINK.

>>24123380
They will both be worth zero

>>24123380
depends on who releases a coin for what

>>24124428
>>24124483
If you were honest thinkers you would honestly try to understand the point and that the thought experiment assumes the same non-zero demand for both coins but you're not honest men. You're lying kike rats.
>>24124408
I'm answering your fucking question you subhuman NPC pricefag. It's honestly hard to imagine a dumber argument than this shit. Trying to empathize with how your useless brains work or rather don't work is making me physically ill.

>>24124636
you did not answer my question but good to know you're not worth my time and are worthless. jesus fucking christ so sick of these normies surfacing too late in the game.

>>24121610
XRP's market cap was 130 billion or something during the last bullrun.
That would put link at $330 or something.

>>24123997
>takes 3 years for a 15c rise

>>24124703
>you did not answer my question
I answered it before you asked it. You're too dumb to understand it or formalize what the fuck you even think you mean.
>i'll play your little game
You'll play my "little game" of facing reality and using all information available instead of pretending supply is irrelevant to justify some retarded delusional narrative you read on twitter?
>late in the game
Why do you think you know anything? You clearly have no experience "in the game" or you would know all this already. A million shitcoins have come and gone and the price always formed the same way. Similar projects reach similar market caps, not similar price per token, that would be retarded.

>>24125090
holy fuck calm down you raging faggot. go beat your wife or something. have a beer. ngmi.

>>24125247
You're too mindless to even put your thought into words. Say something retard. Explain how price is more relevant than marketcap, a number that includes the fucking price information but also adds more information.

>>24125468

>>24125468
Hello, I noticed your frustration to understand things, but you fire back without thinking.
Here I found in my folders this good simple explanation for dummies. I won't add anything because of language barrier, but please read it word by word. You will get there, son, we trust you can learn thing or two.

>>24123997
i remember when i switched my xrp for link 1:1 two and a half years ago.
watch me cope

>>24125763
That says nothing relevant. I didn't claim anything about "diluted market caps" or any of your strawman shit.
Market cap is a better indicator than price in all cases, the importance of supply is a basic fundamental thing that always applies. That does not mean I'm saying this implies some "cap" as in limit on demand or that you need to buy a million dollars worth of a token to increase its cap by a million dollars.
To maintain a high cap in a market with good volume you need the demand to represent that but this should be obvious. Either the demand does outpace liquid supply or it doesn't, that's all that's really relevant to price. We don't have an authoritative number to represent demand but we do have one when it comes to supply. The only reason you want to ignore it is to delude yourself that link isn't overpriced which it probably is. It may be worth 1k but then it's because of insane demand, it would have nothing to do with your cope screenshots about marketcap.

>>24126305

>>24126349
Same as the other guy, you're too braindead too even attempt to put your supposed thoughts into words. When you search your mind for them there's simply nothing there.

https://youtu.be/02BvEjKAHCw