@AkadoSang Everytime they called "supply shock" and "exchanges are almost out of BTC" back in the days, exchanges got flooded with supply and price nuked. Usually when people were euphoric. Just saying. When price is high enough, people want to sell ๐คทโโ๏ธ
@AchillesVoid_@H564859@RipBullWinkle I dont think you got my point. I argue that market cap doesnt matter. On stocks yes. Crypto no. Price per coin times the amount of coins doesnt tell us anything of the actual value.
The problem with crypto and market cap, is that most people believe the marketcap is the amount of money thats invested in the project. Thats 100% false. Hence people think a certain market cap is impossible. Bitcoin could go to 1 million per coin with just one buy of 1 million if there werent any other sellers, but the market cap would go from 1,5 trillion to 20 trillion.