/biz/ - Business & Finance

>>12621367
Surely a bunch of boomers who have difficulty mastering the intricacies of email will pull their retirement money out of stocks and invest in internet monies soon. R..right?

>>12621367
>Hundreds of billions of dollars
You don't even know how market cap works.

>>12621407
this

>>12621407
>>12621411
Educate us

>>12621424
Market cap is a b/c if everyone sold @ that price, the price would drop...
Look where we are now compared to a year ago! people sold & now the price is lower!

>>12621424
okay you low IQ cunt.
Mcap = Price x Circulating supply

Mcap is a meme b/c you can create a useless shitcoin with 100 billion supply and have it trade at 0.01 cent through wash trading and manipulation(ahem chink scams) and make it have a mcap of 1 billion. when in reality there isn't nearly as much liquidity to cover it's valuation.

Mcap only works on Bitcoin, Litecoin, Xmr b/c their supply isn't just printed out of thin air like these chink scams.

>>12621367
>How could this garbage ever recover
>this time there is really no reason for it to get better

Loving it. This is exactly the kind of sentiment that signals the market bottom. If you go in hard now you'll ride the crest of success my friend.

>>12621399

I'm so glad I have most of my money in boomer stocks, if I went all in on crypto I'd be suicidal now.

>>12621499
>Mcap is a meme b/c you can create a useless shitcoin with 100 billion supply and have it trade at 0.01 cent through wash trading and manipulation(ahem chink scams) and make it have a mcap of 1 billion.

You're a complete idiot. You're referring to trading volume, market cap is the hard amount of fiat that has poured into crypto assets.

Crypto has done nothing but bled money as people pulled out hard dollars by selling their shitcoins.

>>12621407
No he just about got it right, there was so much selling in 2017 and 18 that most people took real loses of at least 70%. Collectively normies lost 6-700billion dollars.

I work in a hospital and I remember seeing a pharmacist looking at his coinbase app in the checkout line, looked as if he bought 20k worth of LTC when it was $280ish. I'm sure he didn't make a profit because I still see his miserable ass on in the cafeteria a few times a week.

>>12621629
>market cap is the hard amount of fiat that has poured into crypto assets.
Everyone laugh at this guy

>>12621629
The market cap you see on cmc is a big fat sham anon, you can thank tether for this. You will know when the real crypto correction happens, there will be actual necking making the news everyday.

>>12621629
Jesus you are dumb.

>>12621713
>>12621742
>>12621770

You people are retarded, and have no answers.

There has to be hard FIAT currency entering the market for the MC to increase. It doesn't come out of thin air you shit for brains.

>>12621877
kek

There was never such as crypto, only Bitcoin.