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/biz/ - Business & Finance

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6575723 No.6575723 [Reply] [Original]

Anyone else amazed at how such a small group of total investors even know what a market cap is or understand it?

This isn't just normies, it's like 60% of /biz/ too. I see faggots on here making price predictions that would put their shitcoins at a $4 trillion market cap and they're 100% serious

>> No.6575779

>>6575723
This

>> No.6575787

>>6575723
>implying total market cap won't be trillions EOY

>> No.6575804

>>6575787
Total market cap, yes

Your shitcoin, no

>> No.6575833

>>6575723
wait you mean the board where people are shilling a coin for casinos, a fake venmo clone, a korean undeveloped blockchain, a coin that was used in a mickey mouse toy, and a skateboard coin has a swarm of fools on it?

>> No.6575847
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6575847

>>6575723
I made 6 figures on crypto before learning what marketcap was. Should I laugh or cry?

I know that (((ripple))) could never reach $500 due to circulating supply, but yeah..

>> No.6575850

>>6575833
>and a skateboard coin

If you're referring to OMG you're a retard

>> No.6575856

It's a stupid way of valuing crypto, that's for sure. We need a better metric.

>> No.6575861

Dude my $0.01 cent shitcoin with 500 billion circulating supply just has to reach $1 and I'll be a millionaire!! It just needs to gain a dollar!!!

>> No.6575879
File: 57 KB, 401x450, 98746513156987469.png [View same] [iqdb] [saucenao] [google]
6575879

>>6575723
>find out what marketcap is 2 days ago
>im better than normies now

>> No.6575885

>>6575847
>I made 6 figures on crypto before learning what marketcap was. Should I laugh or cry?

Should buy a lottery ticket with that luck

>> No.6575914
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6575914

>>6575723

>Implying there's a mass market for meme coins in the first place

>> No.6575926

>>6575723
4T? Pffft, IMO by 2021 if you stack all the (((derivatives))) and company related stock on top of it you will probably hit above 20T.
A flash crash like the one from this month will probably send the world economy into a 5 year depression

>> No.6575945

>>6575723

When I first bought Ripple for under 0.03 cents I found Biz shortly after. I said in my first post that I couldn’t wait till XRP hit 50 cents and I’d become a crypto millionaire. Every single faggot here laughed and said “muh market cap too much not possible kek newfag”.
I sold my last 500,000 XRP at about $2.25 last month.

>> No.6575985

>>6575945
It would have been impossible without bankers manipulating the price

>> No.6575997

>>6575723
imagine cryptocurrency will replace fiat. there is a total amount of $84 trillion of fiat money in the world.

>> No.6576038

>>6575914
That picture depicts the bull market on so many levels, i am literally crying right now.

>> No.6576064
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6576064

YESTERDAY THIS FUCKING PIECE OF SHIT SAID RIPPLE WOULD BE $10 BY FEBRUARY.

I wanted to kill him.

>> No.6576089

>>6575997

this subreddit makes me laugh so hard sometimes.

>> No.6576119

>>6575985

What?

>> No.6576169

>>6575833
yeah because when we were shilling meme coins at the time like BTC, LTC, and ETH that didn't work out right
Next time think before hitting Post

>> No.6576213

>>6575997

>t. Retard
USD in circulation are about 5t. for the whole world and thats the most used currency.
Perhaps what you are looking there at 84t. is some other monetary aggregate like M2?

>> No.6576266

>>6576119
>Banker coin
>Bankers want it to replace BTC so they dominate the market
>Put billions of dollars into it

>> No.6576415

>>6575945
so many millionairs on a board. dont know if u all are larping or mentally ill

>> No.6576592

>>6576415
These are the people that got in before 800 billion dollars poured in the market. We, my friend, are losers.

>> No.6576604
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6576604

Hey biz,

I know all of you are fucking pissed. The market has gone to shit, I fucking get it.

I’m also pissed. I’m pissed because I didn’t go all in on Ethercraft before this catastrophe occurred.

I don’t want to shill this but I’ll share one key insight about this game.

>you can make money by mining gold(eth) while you’re playing the game
>can literally make money to play the game
>RPG permadeath

You figure it out.

We have come to make an offering of Bread to you.

“Take this and eat it, for this is my body."

>> No.6576622

>>6576604
Fucking shit sorry biz didn’t mean to post this here. High as shit