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What 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
by robjan 6y ago
What 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.