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/biz/ - Business & Finance

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7405730 No.7405730 [Reply] [Original]

>It will be the largest transfer of wealth in history.

>> No.7405786
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7405786

>>7405730
whos to say it wasn't? the market capitalization was around 800 billion before the crash. where did that half a trillion dollars go?

>> No.7405851
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7405851

>>7405786
How many times do I have to tell you people? It never existed in the first place. That's not what market capitalization is for. It's for valuating the entirety of a company/offering for sales purposes. Since bitcoin has no centralized owner market cap is 100% irrelevant.

>> No.7405916

>>7405730
All I know is someone transfered their wealth to me. Thanks whoever bought the top lmfao
>>7405851
We used it as a measure of money flow into the market. The number is irrelevant, it’s the trend that matters.

>> No.7405928

>>7405851
market capitalization is number of outstanding shares multiplied by the price. this is 9th grade economics retard

>> No.7405951
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7405951

>>7405928
>>7405916
You are the same kinds of ignorant fucks that make threads like this
>>7405865

>> No.7405957

>>7405851
yeh, the metric of supply*price is a useful one but we really should stop calling it market cap

>> No.7406022

>>7405951
you're an idiot. unless you explain your retarded ass definition of market cap in a sensible, rational matter, then i will just assume your portfolio went -900%

>> No.7406032

>>7405916
>We used it as a measure of money flow into the market.
Which is entirely wrong, because the price can change without new money coming in. if some bot or wash trader drives a price up 2x selling to themselves, market cap doubles without any new money coming in. do you understand now why it doesn't mean what most people think it does?

but, the trend does indeed matter especially because people *think* it's important

>> No.7406046

>>7406022
>muh gains
>muh dik
are shitcoiners the niggers of finance?

>> No.7406079
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7406079

>>7406046
>i own shitcoins
nice try lad

>> No.7406130

the crash that happened yesterday, whales were scooping it all up from normies. By the end of the year, if you don't own bitcoin you're dead.

>> No.7406158

>>7406022
market cap is the cost for whales to accumulate the entire supply at the current price, which in itself is just an abstract idea, but which has actual importance when looking at price action and understanding price

>> No.7406216

>>7405730
it was
>from millenials to other millenials
the boomers stood at the outside and laughed at us knowing what was happening. face it, were the jews now.

>> No.7406219

>>7405730
I think so. I mean, look at tokens or coins like Moria or ShipChain. They are or were open only to accredited investors.

There's big money moving in and they're buying certain things.