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
192 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
11 recasts
62 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
6 reactions
Dan Romero
@dwr.eth
> people are irrational Yes, but no need to feed that
2 replies
0 recast
4 reactions
kenny 🎩
@kenny
they will remain irrational whether we feed it or not
1 reply
0 recast
1 reaction
Dan Romero
@dwr.eth
Agree with that
1 reply
0 recast
2 reactions