First Trading Mistake: Misunderstanding Market Cap
Tired of losing money by making stupid mistakes in cryptocurrency? Learn why market cap is a poor reflection of value in cryptocurrency.
This is the podcast accompanying my book.
-Jeff
Check out my book for more information on cryptocurrency trading. Free for Amazon Unlimited readers!
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I don’t see why ppl focus so much on cap, even I look at the cap it’s a super small portion of info that I want when looking at new coins
It's an easy analog from traditional investing. I think Chris Burniske has a better model with his MV=PQ, but that may not even be accurate...
When I first stated, I used market cap as a way to exclude certain coins from potential investment. If the market cap is too small, it only takes 1-2 people to pull off a decent pump and dump. As I continue to spend more time looking into different projects, I have moved away from looking at market cap.
I don't understand anyway that why price is too low.. It's really making hamper and unavailable.....I hope so, it will be increasing as quickly as possible...
What you talkin about exactly?