Quote from: lokinator on August 17, 2017, 06:47:12 PM

Quote from: patroncito on August 17, 2017, 06:24:20 PM

Quote from: lokinator on August 17, 2017, 05:58:15 PM

Quote from: ShroomsKit_Disgrace on August 17, 2017, 12:50:11 PM

Nobody answered because your theory is retarded. Roll Eyes

That is my exact sentiment. To disregard the market cap is a huge mistake and completely without logic.

FK you both and your comments show how ignorant you guys are. It is not a theory. it is a FACT you pair of idiots....is ethereum a company? does ethereum or bitcoin have a book value? a building, equipment, land??? of course not. I bet you guys don't even know what valuation is you stupid

LOL. You are just making yourself look even more retarded.

You are missing the most basic concept of economics. A market cap is not determined based upon the valuation of a company or asset owned by an entitity. A market cap is determined based upon how many units of something exist, and how much each unit is worth. The "worth" is determined by how much someone is willing to pay for it. So if people are buying Sia (as an example) for $2/ea then the total market cap is $57,332,810,178 (2*28,666,405,089). With this particular example, you would have to be a moron to pay $2 for SC because there is so much of it -- hence nobody would pay that.

No matter how you slice it, SC could not be worth $2 a coin (at least in the near future) -- because it's total market cap value would be worth twice of what ETH is & just 23 billion less than BTC. SC would have to gain a lot of "value" before that would ever happen. Once again, value would be how much the community agrees to pay (based upon actual purchases) for each unit. When someone decides on a purchase, they always compare one like-thing to another. In crypto you would have to convince someone that SC had a worth/value of twice what ETH is worth.

To summarize, if you ignore market caps, and buy a bunch of SC hoping it will be worth $2 in the near future, then you sir, are a total friken retard. This concept applies to any crypto coin/asset btw.

That's what im saying you stupid faggit....that is market cap, but that's it. It is not backed with anything, thus you cant never know the REAL value of a coin you dumbass