Topic: If I create my own crypto coin with a total supply of 1,000,000,000,000... - page 2. (Read 166 times)
June 28, 2018, 06:44:19 AM
what if the supply is reduced to 1,000,000, at a price of $ 10 or $ 5. see progress, if demands increase, then your coins will rise high at the same time supply is increasingly thinning.
June 28, 2018, 06:41:46 AM
actually market cap is not a good thing to keep in mind if you are dealing in crypto,
June 28, 2018, 06:39:45 AM
that is why everyone keeps on saying that you should not even be using "market capitalization" for cryptocurrencies. that is what you use for companies and it is used here by mistake.
you are pointing out a great flaw in Market Capitalization when used for cryptocurrencies and that is the fact that for a company you can not create shares out of thin air so your MC will be reasonable and real but for a coin/token you can easily create billions of coins (like shares) by click of a button and they don't even have to be in circulation and your coin's MC will be fake
you are pointing out a great flaw in Market Capitalization when used for cryptocurrencies and that is the fact that for a company you can not create shares out of thin air so your MC will be reasonable and real but for a coin/token you can easily create billions of coins (like shares) by click of a button and they don't even have to be in circulation and your coin's MC will be fake
June 28, 2018, 06:33:51 AM
You are joking
June 28, 2018, 06:27:53 AM
You are joking
June 28, 2018, 06:26:56 AM
...then initially mine half of the supply, and finally sell one coin for $10, then, by definition, the capitalization of my crypto is greater than the capitalization of Exxon Mobile. Does that mean I own something that is more valuable than multinational oil and gas corporation?
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