4 ms·
Market cap is the better metric.
by jejeyyy77 4y ago
Market cap is the better metric.
- illiarian 4y agoIt's a useless metric if no one is using it. It's a magical purely speculative number.
- jejeyyy77 4y agoMarket cap is by definition people using it. They’ve exchanged their money for it.
- illiarian 4y ago> Market cap is by definition people using it. You and I have very different dictionaries it seems > They’ve exchanged their money for it. A thousand people trading magical tokens they pretend cost trillions of dollars doesn't make it: a) worth trillions of dollars and b) any significant usage
- jejeyyy77 4y agoEh? The fact that people have exchanged trillions of “real” dollars for them means precisely that’s what they are worth lol.
- lottin 4y agoMarket cap is meaningless. Using market cap as a metric anyone can become the richest person in the world. See here: https://www.youtube.com/shorts/igENXZRECOs https://www.youtube.com/shorts/igENXZRECOs
- the_gastropod 4y agoThat is not how market cap works. I start a company: SquidSoft, LLC. I sell you equity: 0.000000001% of SquidSoft, LLC for $1. Bam, SquidSoft, LLC’s market cap is $1T even though only $1 has traded hands.
- agumonkey 4y agousing has many meanings here, and store of value was only one of them
- yao420 4y agoWhy when USDT is printing a billion in tether several days a week. They are artificially pumping the price. https://twitter.com/whale_alert/status/1649159592520085507?s=20 https://twitter.com/whale_alert/status/1649159592520085507?s...