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There is no new money in flow or out flow in bitcoin. It's a zero sum game. If someone buys bitcoin his money goes to the person(s) who sold. Nothing goes "in B
by noxer 7y ago
There is no new money in flow or out flow in bitcoin.
It's a zero sum game. If someone buys bitcoin his money goes to the person(s) who sold. Nothing goes "in Bitcoin".
I agree mcap is meaningless just like they mcap of USD/EUR/GOLD etc. It doesn't matter if is large or small it just has no meaning just like the price per unit has no meaning. Mcap is just a multiplication of the price.
- account73466 7y ago>> Mcap is just a multiplication of the price. Who claimed the opposite?
- noxer 7y agoNo one? But why would anyone "see" any information in the mcap value if the price value doesn't have that info a multiplication of it certainly doesn't have it either. Mcap is literally the price tag on all coins while the price tag on a single coins already is arbitrary and has no meaning.