The absolute state of Reddit right now

The absolute state of Reddit right now

How come normies have such a hard time understanding market cap. The number of times I've had to explain why ripple or other 69 billion supply shitcoins can't have the same price as bitcoin is unbearable.

It's people who invested with little thought or research usually. They see Ripple near the top of lists, they hear about it from some news site, then they see the price and realize they can own a shitload of "Ripples" versus less than one ETH or Bitcoin

It's human psychology at its finest. Having 1000 of something feels better than having 0.1 of something, and they don't get much further than that. Then they get high off the idea of what happened to bitcoin ("hurr durr it used to be a dollar!!") being able to happen to Ripple.

All this thinking takes place without looking at or considering the meaning behind the circulating supply.

market cap doesn't mea anything. XRP is going to the moon, maybe not $1500, but definitely moon.

market cap is nonsense.

Meanwhile non brainlets people will be millionnaire with monero, neo and zencash

You guys missed the threads last night about the ripple insider?

He predicted multiple things about ripple and was right each time.

His prediction is 589+ eoy

This

good tabs but you should learn to crop better

>maybe not $1500
yeah because that would require three times the american national debt, or 100 times the amount of money in the entire crypto market right now, to be invested in it, when only the ripple platform and not necessarily the coin is useful to anyone

you are so smart, we are all so proud of you.

As long as the dollar value of every coin is tied to BTC the market cap is somewhat of a social construct that could be subject to change.
Of course it's not likely, and if things did unhinge from BTC the value is more likely to go down than up.

Have an upboat

lol@this brainlet. god this board went to shit.

you are all going to die poor

...

are you illiterate? what is stopping you from googling "market cap" and reading the investopedia article?

Market cap means shit, retard.

thanks just bought 1.1K

this

It does mean shit but Ripple being 39+ bil marketcap in 2/3 years sounds retarded.

you roasties are all right in your own special way

Thanks dad for supporting me.