3 ms·
Besides it being completely different in other ways, the market cap is not value. You couldn't realize a tiny fraction of that without tanking the market cap.
by jacobush 7y ago
Besides it being completely different in other ways, the market cap is not value. You couldn't realize a tiny fraction of that without tanking the market cap.
- sword_smith 7y agoThe opposite also applies: You couldn't buy up a large proportion of Bitcoins without the price skyrocketing. Prices are determined at the margin, what the marginal seller (probably miners) will sell for and what the marginal buyer will buy for. They are the best measure of "fair value".