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That's the same with any stock, currency or crypto though. If you want to sell the whole market cap then it's worthless.
by robjan 6y ago
That's the same with any stock, currency or crypto though. If you want to sell the whole market cap then it's worthless.
- runeks 6y agoNo, it’s not the same with stocks. With stocks, as a majority holder, you can make the minority an offer that everyone is forced to accept if a majority of the minority accepts it. This is why market cap is relevant to the stock market, but not e.g. the forex or commodity market.
- robjan 6y agoWhat I was saying was if everyone wants to sell and nobody wants to buy, the value is zero. This is true of all markets. The market cap is always determined by the last matched order, not the total that you can sell the whole market for.
- runeks 6y agoI agree. And therefore market cap is useless as a measure of value, which is what I'm critiquing.