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Market cap is a terrible measure. If i make a my on crypto coin mine 100 of them and convince one person to buy one for 1000 euro, my coins market cap is sudden
by lawlessone 9y ago
Market cap is a terrible measure. If i make a my on crypto coin mine 100 of them and convince one person to buy one for 1000 euro, my coins market cap is suddenly 100,000 euros.
- ceejayoz 9y agoFor example: https://signalvnoise.com/posts/1941-press-release-37signals-valuation-tops-100-billion-after-bold-vc-investment https://signalvnoise.com/posts/1941-press-release-37signals-...
- JohnJamesRambo 9y agoIt's terrible but it's all we have and the market moves by it. Ignore that at your own peril. Just a little bit more and it will rapidly close the gap due to FOMO.