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How is it implied? You basically said going from $1 to $10 is easier than from $10 to $100. They are both a 10x increase in market cap. Why would one be easier
by IgorPartola 6y ago
How is it implied? You basically said going from $1 to $10 is easier than from $10 to $100. They are both a 10x increase in market cap. Why would one be easier than the other, aside from the mild psychological effect on retail buyers?
- gruez 6y ago>They are both a 10x increase in market cap. Why would one be easier than the other, aside from the mild psychological effect on retail buyers? Let's imagine we're in the future and bitcoin made up 5% of global wealth. In that case, do you think it would be easier for bitcoin to go up 10x than it was back in the early 2010s?
- IgorPartola 6y agoIt would be harder. But that would be regardless of the price. Going from $1 to $1.05 is the same as from $1000 to $1050. I am confused by how that’s confusing.
- fluffy87 6y agoBecause there is more poor ppl than rich ppl, and poor ppl can buy stonks at 1$, but they can’t buy stonks at 1000$. So if some idiot says that stonk X is hot at 1$, the amount of money that is available to buy that stonk and pump it’s price up is much higher than for a stonk that’s at 1000$ and that only 1% of the population can put money in.
- IgorPartola 6y agoThis isn’t WSB, we spell it stocks :) Lots of places offer the ability to buy partial stocks. Also, BTC and company all allow partial coins. Lastly, idiot retail buyers who can only afford a few bucks of anything won’t move the market.