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Daily reminder that the market cap does NOT exist therefore it can not be "wiped off". Its imaginary nonsense. Market cap explained real simple: https://coil.c
by noxer 5y ago
Daily reminder that the market cap does NOT exist therefore it can not be "wiped off". Its imaginary nonsense.
Market cap explained real simple: https://coil.com/p/XRPFax/Understanding-the-Crypto-Market-Cap-and-why-it-does-not-limit-the-Price/eKrRCJ2Pc https://coil.com/p/XRPFax/Understanding-the-Crypto-Market-Ca...
- samatman 5y agoDo you agree that this applies to the market cap of everything? Because the argument is stated in terms of crypto but is in fact completely generic: no one can buy all of AMZN at the market cap price either.
- noxer 5y agoYes, but the market cap for companies serves a different purpose. Its a somewhat funny way to compare which companies people (shareholder) value higher. You cant compare share price ofc because of different numbers of shares so the market cap kinda corrects that. The number itself is meaningless but you can sorta compare it as financial size. It might be more relevant than comparing number of people hired or revenue or other metrics especially for companies form completely different branches.