I've come to terms to the reasoning of market cap just being an explanatory figure made by a website who wanted an understandable way to represent the value of a cryptocurrency. Ergo, this is not an actual amount or pool of money poured into some coin somewhere.
There is a demand? People who own then raises the price. Market cap is mostly irrelevant. This isn't the stock market. We don't have any assets, or bonds, or futures, or whatever the fuck it's used.
I came to this reasoning since this token, which I predicted to be around $0.78 by september, just reached and surpassed that in a matter of three days. I thought "how can the market cap grow so much?"... How can this surpass $2 this year? Well... It could be $10 by march.
You see, this market cap thing is irrelevant. If there is demand, there will be more people wanting it. That explains Ripple's grow. That also explain why BTC is coming down. Demand is everything.
This line of thought is true in the stock market too
Landon Adams
Its all big conspiracy! Or should I say cryptopiracy?
Jaxson Gomez
See? 10 mins difference. Market cap means nothing.
Owen Foster
user you should buy KIN, super cheap you can't go wrong, only $0.000389 currently.
Jacob Howard
stop thinking about it and just enjoy the ride
Brandon Ramirez
Circulating Supply 756,097,560,976 KIN
Total Supply 10,000,000,000,000 KIN
sure it
Benjamin Watson
OP said market cap didn't matter tho
Juan Bailey
Grats you learned the difference between investing in something like a stock and speculating on a speculative commodity.
Hunter Rodriguez
Think of Market Cap as the possibility of that market to generate money, if everyone cashed out. Obviously that's not possible, so you can extrapolate a percentage of it.
If more people cash out, the lesser chances are that it keeps growing more and more as people will take out that money.
but yeah , mcap is not the money poured into it.
but an higher mcap will have a much harder time to grow cause of the possibility so many have to take money out of it.
Julian Brooks
In other news water is wet.
Nathan Martin
market price is just last price paid x circulating supply
duh
Ryder Clark
I lost so money buying RIPPLE
should i sell at a loss?
Joshua Cook
When coins like verge reached top 20, I realize supply and marketcap is nothing.
Gavin Ramirez
Yes, that's better than losing it all.
Mason Ross
so buy some KIN while it's cheap user
Evan Sanchez
Use stop losses in the future... Figure out the bottom point, buy there, and set your stop loss at 2-3%
Caleb Powell
I like seeing cryptokiddies think on biz. It's like being 10 years old again
Jace Howard
market cap is literally just total coins times the price
>Release 100,000,000 coins >lock 99,999,999 up in cold storage >sell one for $10
Congratulations, you just created a $1B market cap coin!
Ethan Myers
KIN is actually a good buy because it will be used by Kik users
Tyler Morales
>bring this fucking new Please get the fuck out and go back to your shithole country.
Elijah Bailey
Bitcoin's market cap is not the ceiling. Unlike Bitcoin, XRP serves a real-world purpose, and Ripple speaks to an industry that is worth trillions of dollars.
. In 2018/2019 you will be using it to pay for everything online (pic related), and institutions are starting to jump on board too, this was just announced:
>In a precedent-setting moment, Cuallix became the first worldwide institution to use xRapid — Ripple’s solution that utilizes XRP as a liquidity tool — to reduce the cost of sending cross-border payments from the U.S. to Mexico.
