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Markecap is a meaningless value for a "currency". Comparing it to the marketcaps of companies is even more meaningless. And comparing Bitcoin trade volume with
by noxer 7y ago
Markecap is a meaningless value for a "currency".
Comparing it to the marketcaps of companies is even more meaningless.
And comparing Bitcoin trade volume with stock trade volume is another meaningless thing.
It's very common in the crypto space to use all kinds of correctly calculated nonsense.
- account73466 7y agoBitcoin is not a currency in its common sense, it is a speculative asset. Call everything meaningless is pretty meaningless as well. >> Comparing it to the marketcaps of companies is even more meaningless Wrong. >> And comparing Bitcoin trade volume with stock trade volume is another meaningless thing. Wrong.
- noxer 7y agoIt doesn't matter if it' a currency in your definition or if it isn't. Gold is also not a currency by todays definition. Still no one care about the mcap of gold an certainly no one compares it to mcap of companies because gold isn't a company and neither is bitcoin. >Wrong. Good argument