Dan Romero
@dwr.eth
The price of a crypto asset matters if you own it already. It doesn't matter if you don't own it. It's downstream of market cap.
17 replies
33 recasts
177 reactions
Dan Romero
@dwr.eth
Hypothetical (unlikely to happen) -- Bitcoin does a 2:1 stock split. There are now 42 million BTC. Everyone 2x their balance. The price is now 50% lower but the market cap stays the same.
7 replies
13 recasts
60 reactions
agrimony↑🎩
@agrimony.eth
Correct, but also people are irrational and just like looking at price because make brain feel good
1 reply
0 recast
7 reactions
Preator
@fourvork
Unless it's someone's first days in crypto, I think it's pretty much the standard to assess coins based on mcap/FDV.
1 reply
0 recast
2 reactions
Tayyab - d/acc
@tayyab
The math I’ve always done is: What percentage of this total asset do I own? How much is this total asset worth? Multiply for value held. Yes it’s the same at the end, but those are the important metrics over the long run.
0 reply
0 recast
1 reaction
Erik
@eriks
wonder if there is a crossover point psychologically where high price = good, for the avg investor who doesn't understand the relationship between price and mc low price = good mid price = eh high price = good seems most ppl who started investing more actively over the last 5 yrs still don't understand the relationship between price and mc, pretty common i get asked "do u think ____ can get to $_____" - with no mention of mc, and usually an asset w a low price - every time i go straight to talking about mc, but idk if it ever sticks lol
0 reply
0 recast
0 reaction
DV
@degenveteran.eth
Psychological factor via price point
0 reply
0 recast
0 reaction
Ramsey 🎩🤝
@ramsey
Can we get the BTC CEO to do that?
1 reply
0 recast
0 reaction
Koolkheart
@koolkheart.eth
A $2.23 XRP doesn't mean it's cheaper than a $606 BNB. Different supply, different math.
0 reply
0 recast
0 reaction
