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/biz/ - Business & Finance

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3951308 No.3951308 [Reply] [Original]

what does supply have to do with a coin I'm new to this shit

>> No.3951317

Lurk more
Saged

>> No.3951321

How much would the MonaLisa cost is there 100000000 of them

>> No.3951332

>>3951321
0.001 MONA

>> No.3951390

Depends, if you are talking about a burn of coins that are not in circulation, it just alleviates the fear of the market being flooded in the future. If you are taking the circulating supply, and everything else remains the same, price will rise.

>> No.3951412

OP i'm always glad to help:

Okay the market cap is tied to the ammount of coins/tokens you have.
If you have a coin that has 100 million market cap and has 1 million coins one token/coin is worth 100 million / 1 million = 100 bucks.
So now you must look if the entire supply is
1. growing because its minable
2. the ammount of coins is at maximu
3. the developers have more tokens/coins in their backups and what will they do with them

If you want to know more i will provide newbie information so you wont repeat the mistakes i made

>> No.3951417
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3951417

supply * price = market cap

>> No.3951448

A child knows price depends on supply and demand

>> No.3952054
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3952054

>>3951308
Low supplyerino means you buy and hodlnino

>Now leave this board and accumulate a folio out of newssites, unless you have a bagholding fetish that is.

>> No.3952111

>>3952054
here you see the exact kind of retard that give you free money
also the worse greentext I've ever seen

https://coinmarketcap.com/currencies/bit20/

This coin has a supply of 1, it should be the best of them right ?

>> No.3952149

>>3951412
More newbie info, please

Also is there a bitcoin trading platform where I can deposit funds from my personal bank account? Every platform so far has denied my country, it's been a week since I decided to get into crypto.

>> No.3952192

>>3952149
buy on localbitcoins.com via bank or paypal
go to an exchange that doesn't ask ID like binance

don't chase pumps that have no real life reasons, that's gambling
be patient
compare marketcaps between coins that have the same product to look for potential

>> No.3952409

>>3952192
Thank you, localbitcoins seems to support my country and its currency.

If you have anything more to share I'm more than willing to listen. If you don't have anything popping up then thanks again for the information, I will definitely remember it.

>> No.3952443

>>3951308
Supply and demand nigger. If a lot of people want something but there's not enough to go around then it becomes more valuable.

Likewise if there's too much of something and no one wants it the value goes down.