Quote from: franky1 on February 11, 2022, 08:34:13 PM

Quote from: Antithesis on February 11, 2022, 06:31:36 PM

The level of your reality denial is stunning. Stock holder own capital. Capital is not nothing. Stop flogging a dead horse.

i gotta laugh

there have been people that went to retail closing down sales and literally bought 100k of their branded plastic carrier bags, treating them as a collectable(after the brand was closed) by selling a few of them for $10 each, thus valuing their 'stock' at $1m even though the actual cost was just $1k

as long as you can pretend you are able to sell all products in a year at a given price you pretend exists. you can pretend anything as part of the inventory section of capital valuation.

..
take elon musk. supposedly he is worth over $1trillion.. but do you think he could ever be able to scrape together $1trillion in only 365 days if he was requested to.. no way will he be able to.

alot of people think bitcoins marketcap means something.. it doesnt
its just a multiplication of the current price of a coin multiplied by how many coins there are. capital is not based on anything real. so dont think that 'capital' is meaningful. its not.. its just math.
same with any company, stock, share

Yes, people behave stupid. That's why we have ponzi-like schemes and market bubbles. But that's off topic. Here we talk about the fact that by holding bitcoin you own nothing. Regardless if price of a particular stock is hundred times above it's real value that fact won't change. And of course, marketcap of bitcoin is the stupidest concert in this whole fantasy kingdom. There's zero capital owned by bitcoin holders, so zero shares in capital multiplied by markt price gives zero.