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RE: Bitcoin $10k, Suppoman, Never Trust Market Cap, EU Battle

in #bitcoin7 years ago

I think what you are saying about the marketcap is really important. The marketcap isn't how much money is in a currency, all it is is the last trade price multiplied by the circulating supply.... People need to stop comparing a coins marketcap to the value of say google or Microsoft, that is not the same thing at all, and can't be used as a metric to determine if crypto is overvalued or not.