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/biz/ - Business & Finance

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21076930 No.21076930 [Reply] [Original]

Why is low mcap good?

>> No.21076962
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21076962

Because people think their altcoin will be the one that goes x100 when in reality they will be bagholding forever

>> No.21076966

>>21076930
Means something is more vulnerable to large price fluctuations over a short period

>> No.21076983

>>21076930
fundamentally it's not in the long term, but it can be pumped and dumped to crazy highs on the cheap.

>> No.21077049

>>21076930
Coin price= mcap/total supply
the only variable is the mcap, since the supply doesn't change, so low Mcap means potential for a higher mcap, and a higher Coin price

>> No.21077511

>>21076983
This. Buying into low mcaps is only viable if you're early in on it, and you NEVER hold onto one after it pumps. You do it to build capital, that's it.

>> No.21077818

>>21077049
not true. the circulating supply changes, the total supply doesn't.
mcap = coin price*circulating supply
coin price = mcap/circulating supply
the market cap is simply a product of the coin price and the circulating supply