@TateTheTalisman@tamkhan Extremely respectfully, I didn’t know about your situation and who you were, I do not connect with media/social media, because the military and the past 3 years building the base blocks of my wealth, but you two are truth tellers, thank you for bringing that to the zombies on 🌍
@OmarJosef @cryptochristinn Oh, I think I got now, after re-reading your comment. Basically it ensures volatility is as minimal as posible, so it become deflationary and helps to maintain its value. Thanks for teaching something I didn’t fully understand🙏🏽🙏🏽🙏🏽
@OmarJosef @cryptochristinn Please, tell me more, I would like to understand the mechanism. If it works as everyone states, I know I must be missing the most important piece of the process, sadly. Please, if possible, could you explain to me why the MC becomes irrelevant at that point?
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@OmarJosef @cryptochristinn the only way of giving it value. If I tell somebody I’ll sell you 1BTC that’s worth 475k,given it’s MC, at 2Million because there’s only 100,000 in circulation, when the person receives their 1BTC it will still be worth 475k and no investor will give more than its value anywhere.
@OmarJosef @cryptochristinn When you buy Crypto or a Stock, what moves the price is the Market Cap. If I tell somebody that I will sell 1 BTC at a 10Trillion MC, and there’s only 100,000 in circulation, given it’s Market Cap it’s value is around 475k, I cannot sell that BTC for higher, because it’s MC it is
@OmarJosef @cryptochristinn True, however, what gives value to a project is the Market Cap, whether it is Crypto or the Stock Market. Prices will always be set by its Market Cap. A Pokemon Card or any other rare collection gains value over time if well kept. Buying does not add to anything to no Market Cap
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@cryptochristinn Not sure why CZ said something like that, but burning only gives Market Cap to the burned wallet, if they burn 6 Trillion tokens, and keep 1 million in circulating supply, over 99% of the Market Cap will not be accessible and on the burnt wallet. Out of $100 only $1 accessible…
@cryptochristinn Burn will do nothing, the Market Cap is still shared within all coins, burned or not burned. Luna it’s at over 6 Trillion Coins, he has to do the same thing that ETH did, and DoKwon clearly said that they will be giving the proportionate correspondent amount of Luna to holders rn
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