Sorry but i do not fully agree with you. On the one hand if you are looking for short term trading you are totally right - in this case market cap would be more important than the price of a coin
But on the other hand long term investors should not care about it (or at least don't use it as key indicator)
The market cap is rising over time and so it is still possible that high value coins doubles their prices.
Just think about what the market cap was like a year before and what it is now
I see - could be that i misunderstood your point :-p
It is just kind of an emotional topic because people always saying this or that coin never reach 1$ because of the supply - what is simply wrong ;-)
Not a problem mate. It's always good to have a discussion about it... and, despite what the internet tells you, a discussion doesn't always have to be an argument haha :)
Simple math really. It's just really hard to think of something being valuable apart from fiat currency like dollars since everything in life is thought of in such a light. Such as, "how much is this couch going to cost me in $", "ouch, I just broke my foot, how much is this going to set me back", etc...
It's just better to think about things in the age-old saying of "Supply & Demand" :)
Market cap is good when you assume a coin can increase 1000x for example. Because you know other coins have touched waters that a 1000x increase of a similar project. Example are forks like bitcoin cash. We could straight away assume its price would be quite similar to bitcoin... so if it had started at a given price, there were huge chances it could see an increase to similar values of bitcoin.
In fact, prices are not important at all, because if i had 10 bitcoins today i would have 100.000 dollars. But the thing of price is that it gives the idea you can make more money because low price coina allow you to hold thousand of coins even with 10 dollars ivestment.
Just look at Hush. Started with 2.5mil market cap now its 1b i guess. Thats 500x increase. And really the price doesnt matter if it had started from 20 a coin. These coins can be had in fractions. So a 100 dollars would have always given you a 50.000 dollars return no matter if u would hold 3 coins or 15.000 coins.
This is Fake News. Think about this. According to the Market Cap prediction of price, its almost a perfect prediction of the highest price any crypto can get to. UNTIL you look closer. Lets take Ripple. According to the Fake Market Cap position it can not really go past 15 dollars. So what that means is Once it gets near $15.00 everyone will sell. That will KILL Ripple XRP. Price depends SOLEY on Demand. PERIOD NOT Market Cap!
Execelent article
Sorry but i do not fully agree with you. On the one hand if you are looking for short term trading you are totally right - in this case market cap would be more important than the price of a coin
But on the other hand long term investors should not care about it (or at least don't use it as key indicator)
The market cap is rising over time and so it is still possible that high value coins doubles their prices.
Just think about what the market cap was like a year before and what it is now
no worries
I see - could be that i misunderstood your point :-p
It is just kind of an emotional topic because people always saying this or that coin never reach 1$ because of the supply - what is simply wrong ;-)
Not a problem mate. It's always good to have a discussion about it... and, despite what the internet tells you, a discussion doesn't always have to be an argument haha :)
Well explained.
succinct and deserving of exposure
Thanks a lot for simple explanation
This post has received a 4.78 % upvote from @booster thanks to: @heavey.
Simple math really. It's just really hard to think of something being valuable apart from fiat currency like dollars since everything in life is thought of in such a light. Such as, "how much is this couch going to cost me in $", "ouch, I just broke my foot, how much is this going to set me back", etc...
It's just better to think about things in the age-old saying of "Supply & Demand" :)
Nice one.
In fact, prices are not important at all, because if i had 10 bitcoins today i would have 100.000 dollars. But the thing of price is that it gives the idea you can make more money because low price coina allow you to hold thousand of coins even with 10 dollars ivestment.
Just look at Hush. Started with 2.5mil market cap now its 1b i guess. Thats 500x increase. And really the price doesnt matter if it had started from 20 a coin. These coins can be had in fractions. So a 100 dollars would have always given you a 50.000 dollars return no matter if u would hold 3 coins or 15.000 coins.
matchcoins.info is good for comparing coins this way
This is Fake News. Think about this. According to the Market Cap prediction of price, its almost a perfect prediction of the highest price any crypto can get to. UNTIL you look closer. Lets take Ripple. According to the Fake Market Cap position it can not really go past 15 dollars. So what that means is Once it gets near $15.00 everyone will sell. That will KILL Ripple XRP. Price depends SOLEY on Demand. PERIOD NOT Market Cap!