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I wish someone more knowledgeable could explain how this is currently valued at $25 billion. Is that legitimately $25 billion “on paper”, or is that like an in
by chrisbrandow 2y ago
I wish someone more knowledgeable could explain how this is currently valued at $25 billion.
Is that legitimately $25 billion “on paper”, or is that like an initial “stated value”? I don’t even have the precise language for the question.
Regardless, I’m sure it’s a big grift almost certainly, but I don’t understand the valuation.
- nabaraz 2y agoLike any tradeable product, valuation = supply * current price. 1B supply * 25 current price = 25 billion. Important to note - it doesn't mean there is 25B of value created.
- baxtr 2y agoRe your note: I disagree. I think value is what people are willing to pay for. So yes, for now, he created 25B of value. You can argue that this value is in part based on his reach, so it was already there. He is monetizing it now.
- shombaboor 2y agoit's really not. the instant some insider starts selling the price will crash instantly dropping the price for other buyers. theres probably some momentum calculation when that happens but its not 25B
- fuzzfactor 2y agoI'm not more knowledgable, so I looked it up. Trading is well underway, already up over 2000%. With each Trump coin now worth almost 9 US pennies. Just about a tenth of a dollar but not quite. For recent quotes: https://coinmarketcap.com/currencies/trump-coin/ https://coinmarketcap.com/currencies/trump-coin/
- droptablemain 2y agoWrong sh*tcoin. https://coinmarketcap.com/currencies/official-trump/ https://coinmarketcap.com/currencies/official-trump/
- fuzzfactor 2y agoThanks for that correction. I must say, a much more disappointing performance :(
- 9283409232 2y ago80% of the pool is was allocated before the public was able to buy. In 3 months, about 30% of the coins will vest. I assume that 30% is held by Trump and his inner circle. Once they sell in 3 months the price will crater and people will panic.
- ttyprintk 2y agoThe quantity in circulation X market price = $7.5B. For reference, that’s close to the total market cap of all NFTs.
- rsynnott 2y agoIt is, obviously, a grift, and the ‘market cap’ is part of the standard meme coin grift. If you print a billion Schrutebucks at home and sell one to an idiot for a dollar, then, well, do you have a billion dollars? This is _not_ really a valuation approach which would be accepted in traditional finance, but it’s standard in cryptononsense world.