Date: December 15th, 2018 10:56 AM Author: 180 stage codepig
Great projects out there already with marketcaps dropping below $1M...ERC 20 tokens getting obliterated, but what's going to stop a group of whale friends from buying the entire supply of a given coin for dirt cheap. Once shitcoin marketcaps drop into the $100K-500K range, things are going to get lulzy
Date: December 15th, 2018 12:36 PM Author: Crimson shivering persian pervert
quit using terms like “marketcap” to make beanie baby speculation seem more legitimate. market capitalization refers to the market’s view on the risk adjusted value of all future cash flows that will accrue to a firm’s shareholders. what the fuck does multiplying the marginal trading price of autistcoin by the total coins outstanding tell you?
crypto people are more like high chasing junkies than people with a serious investment idea
Date: December 15th, 2018 1:22 PM Author: Crimson shivering persian pervert
Imade lots of money during a historic bubble. i’m also an investor with an open mind that’s responsive to data, not a politician you can scream at for flip flopping lmao
Date: December 15th, 2018 4:04 PM Author: glassy beady-eyed corner french chef
so crypto is AOK as long as you personally are using it to make money, but when you don't have a position anybody who does is an imbecile. Quite an open mind you've got there brother
Date: December 15th, 2018 4:17 PM Author: 180 stage codepig
Jfc do you really not understand this. If the market cap is $100K, that's what it costs to buy every single coin (assuming you sit there and catch every coin as it gets dumped at that specific price.)
If me and four trustworthy friends each put up $20K to buy the entire supply of xyz shitcoin, then what stops us from selling off piece by piece until enough momentum is created to moon the coin? Please answer this specific question, finance masterman.
VCs have to be foaming at the mouth to start doing this very thing.
Date: December 16th, 2018 12:49 PM Author: Crimson shivering persian pervert
i’m always astonished by people that figure out how to be condescending and retarded at the same time. i’m picturing you in some intense investment committee meeting confusing the fuck out of people with “duhhhh just pick a good team that's advancing its project..Not hard to sell a handful of coins at a time to get price moving upward 🙄🙄🙄”
Date: December 16th, 2018 6:02 PM Author: 180 stage codepig
Sorry bro, but it's not hard to see there are actually catalysts that make people buy these things. Whether or not you agree with those buying decisions is beside the point. You are getting devastated in this thread
This is hopelessly naive and not how markets work. It's going to cost you a lot more than the market price times every coin to buy every single coin. Like 5-10x more.