Quote from: xianbits on January 19, 2018, 03:15:57 PM

Quote from: JumboCactuar on January 18, 2018, 06:58:50 PM

I like XLM but its one of those coins with such a huge supply, its never gonna reach an high value say $100

This has a good sense. When investing, looking into the total supply matters. As per xlm with more than 17 billion circulating supply, even reaching 10$ per coin is almost impossible to me coz it would mean it will surpass some other good coins' current marketcap.

But you forgot that BTC works like a benchmark (at least nowadays). If it rises, the altcoins tend to rise. If it falls, the altcoins tend to follow. If it crashes, like this week...well, you got it!

If you see BTC going to USD 100k, for example, you can expect that altcoins tend to go up much more from current levels. Of course not all will follow up or down along the time, but anyway I think you got my idea.

Currently, BTC has MK Cap of USD 200 Bn, with a USD 11,5k value. Multiple that by 10....USD 2 Trillion in MK Cap...

And so what? FX daily trade market accross the globe is much much much larger than USD 2 Trillion. Most people don´t see this already and think MK Cap works like a wall....if a crypo has a large MK cap than it can´t go further. Or it can´t go beyond BTC MK cap...

Why not?

Everything is new on this environment and MK Cap isn´t a barrier, soon this will be perceived...

Companies has a MK Cap and makes sense to compare them, because you can evaluate a company by its cash flow projection (one of the possible ways) and as such you can compare if a company is over or underevaluated compared to a peer. But crypo is another class...some think it like a commodity, others like a currency.

I just see it as a new class, and it has its own way to be evaluated. For sure a lot of the coins we see today will disappear. Maybe the coin we will all use in the future doesn´t even exist today. But we can expect some coins to have more projects to bet and this would translate in more adoption by the market and as such its value would rise.

Even if the market understand no crypo can surpass BTC MK Cap (which I think it´s stupid...), we all must expect this to rise along the time and this would allow more price rise for alt coins.

ppbastos

Posts

Merits