/biz/ - Business & Finance

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Anonymous Wed Jul 29 07:16:41 2020 No.20796641 [Reply] [Original]

Name a crypto phrase that is used or overused that you hate. I'll go first: 'Simple As'.

>>	Anonymous Wed Jul 29 07:18:50 2020 No.20796682 I want to puke after seeing that photo

>>	Anonymous Wed Jul 29 07:25:21 2020 No.20796770 >simple as >crypto phrase You dumb nigger. Your brain has rotted from being on /biz/ all day.

>>	Anonymous Wed Jul 29 07:26:19 2020 No.20796784 >>20796641 the king

>>	Anonymous Wed Jul 29 07:26:29 2020 No.20796789 >>20796641 >master race

>>	Anonymous Wed Jul 29 07:27:45 2020 No.20796804 >>20796641 Unironically

>>	Anonymous Wed Jul 29 07:30:03 2020 No.20796851 >>20796641 Unironically unironically unironically unironically unironically unironically unironically unironically... SHUT THE FUCK UP

>>	Anonymous Wed Jul 29 07:54:05 2020 No.20797240 >Gem OK we get it, literally every new coin is a gem.

>>	Anonymous Wed Jul 29 07:58:51 2020 No.20797313 >>20796641 >'Simple As' the XSN shillers did this for me too

>>	Anonymous Wed Jul 29 07:59:26 2020 No.20797320 >>20796851 >>20796804 >>20796789 >>20796641 >crypto phrases

>>	Anonymous Wed Jul 29 08:00:28 2020 No.20797347 Those are men

>>	Anonymous Wed Jul 29 08:03:51 2020 No.20797411 >>20796641 " i tend to agree" thanks for this, seriously. few understand this.

Anonymous Wed Jul 29 08:06:42 2020 No.20797453
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>>20796641
Marketcap, yet 99% of /biz/ doesn't know what the fuck it is and how useless of a metric it is. Anyone who uses it deserves to lose everything they have, fucking cunts.

the formula is LAST trade price TIMES circulating supply. So if person A buys 100 Bitcoins for $10K each, then the Market Cap is $10K TIMES ~17 million coins = $170 billion. Then person B comes along and buys 1 Bitcoin (just ONE) for $10.2K. That TIMES ~17 million = $173.4 billion. The Market Cap has increased by $3.4 BILLION DOLLARS because ONE person bought ONE Bitcoin for an extra $200!!! Yes, really! This is how it works!

This is how incredibly stupid and USELESS the calculation of Market Cap is in the first place. What the hell is it good for? It doesn't actually reflect the money behind the coin, it's absurdly large and can be exponentially manipulated by one simple small trade; I mean, I'm at a total loss to understand how it's possible that it has proliferated like it has.

http://galgitron.net/Post/The-Myth-of-Market-Cap---Version-2

>>	Anonymous Wed Jul 29 08:07:38 2020 No.20797471 >>20796641 >rival coin drops 1% BTFO BULLS BTFO

>>	Anonymous Wed Jul 29 08:07:45 2020 No.20797473 >he doesn't buy y >You're here

>>	Anonymous Wed Jul 29 08:21:58 2020 No.20797729 >im in it for the tech

>>	Anonymous Wed Jul 29 08:25:56 2020 No.20797801 >>20796641 Is this one of those “poly” relationships? Who are these low-T simps?

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