Quote from: Ibian on November 21, 2018, 09:15:20 AM

Quote from: Kylapoiss on November 21, 2018, 09:09:42 AM

Quote from: RivAngE on November 20, 2018, 10:19:37 PM

Quote from: Kylapoiss on November 20, 2018, 09:43:39 PM

I was trying to explain to one bloke that it doesn't matter if you buy 0.1 bitcoin or 100000 of some shitcoin for same amount of money, if it rises 50% the gains will be the same. He firmly believed that his 100000 coins will make him more money, as the numerical value of them is higher. Many know nothing about math, sad.

That's not right. If a project is young and its coin's market cap is low, then its upside potential is higher than a higher market cap coin.

To prove it with an example, say a small project has a market cap of 1mil $. An investor who will throw 1 million $ on this coin will increase its price by 100% (doubling the coin's price)
If the same investor would throw the same 1 million $ in BTC which has 66 billion $ market cap, the increase in price would be a drop in the bucket.

However, we can argue that BTC would draw more investors... the thing is that no matter how you look at it, we're speculating here! If someone is investing in small market cap coins which he has researched and believes that they have potential, then that's a high-risk high-reward play. It's definitely not the same thing as investing the same amount in BTC.

You seem to be in the same boat with the "smart" bloke. I wasn't talking about potential, but gains on a certain amount of money. Let me simplify for you. If you invest a 1000 dollars in any 2 coins (2x1000), amounts bought are 0.1 and 100000, you gain 50% on both, how much money do you make?

https://www.youtube.com/watch?v=sZHCVyllnck

Thanks for the laugh Cheesy