Cryptocurrency
Cryptocurrency
Out of context: Reply #68
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- NBQ001
Dogecoin (a meme coin) has a market cap of nearly $20 Billion.
Companies like Suzuki, Nissan, Kellogg’s, Lyft, HP Enterprise, Nokia are about the same market cap.
- For a few days. Doesn't mean much anyway, ie. all dogecoin holders cannot sell their coins at current pricedrgs
- With shares its different, stock value represents expected dividend yield into the futuredrgs
- to the moon!hardhat
- Exactly drgs. It’s pretty ignorant to compare market caps of a crypto and a stock as if they were equivalents that fills be compared.monospaced
- Mono, your highness. I apologize.NBQ00
- @ drgs, huh? Cannot sell at current price, what?NBQ00
- >All< dogecoin holders who are currently in profit, cannot sell at current pricedrgs
- Some can and will, the rest will lose, game of musical chairsdrgs
- If a company is healthy, but someone is trying to dump their stock, it will be bought up because the dividends which the company generates are more attractivedrgs
- wat? all dogecoin holders who are in profit can't sell? why? what are you talking man :)NBQ00
- >at current price<
Because the price will go downdrgs - Its a zero sum game. The real market cap is not its current price x all dogecoins, but this total cash pool that every dogecoin holder has chipped in intodrgs
- it's called a ponzi scheme lolgrafician
- Jesus christkingsteven
- yeah cryptos don't have market cap they have "cash pool" ahahhasted
- lol, of course not everyone can sell at the same high price. That’s not how the market works. Wowmonospaced
- Brokerage has to find buyers. Derpmonospaced
- That is why trading sometimes halts.monospaced