Crypto Question

Imagine that we are in the late 90s - early 00s.

Amazon is still just selling college text books. The main search engine of the internet is Yahoo and it's terrible.

Where we're at with crypto today is like trying to understand 20+ years ago what the internet would be capable of.

Many of these blockchain projects haven't even scratched the surface of what their potential and impact will be in 10-15 years.

Web3 is going to change the world again and some of the biggest players 10 years from now aren't even on the scene yet.

Trying to quantify it in terms of USD "market capitalization" is like trying to quantify our current economy in obsolete currency like furs and beads.

Last Edited by PirateMonkey on 10/28/2021 10:37 AM

The basic idea is that if the entire market capitalization is say 2 trillion, then you aren't likely to suddenly have a coin rise up that it would be more than the current total market cap or at least a huge portion of it.

It's not that it <can't> happen. It's just unlikely. However, that market cap changes all the time and has grown substantially.

If we're to assume that real institutional money isn't involved yet, then the total market cap could easily go from 2 trillion to 10 trillion or more.

So both are views are potentially correct, depending on time frame and a lot of unknowns.

So, from a technical standpoint, DOGE or SHIB, for example, could theoretically be worth $100 a coin someday. But, from a practical standpoint, the odds are astronomically low. At least in the next couple years, anyway.

Is this fairly accurate assessment?

And, thanks!

For now, they serve no purpose in the Web3 future... until they do.

I mean, tomorrow Elon could come out and say DOGE is the official currency of Mars. Well, now it has a purpose.

DOGE and SHIB are both technically sound projects. They're just not trying to solve a problem or serve a purpose yet.

Thank you for your insights.

So think about the idea of value when sold.

If a stock has a value of $100, and everyone sells it at once, the last person to sell it won't get $100. They'll get maybe pennies.

The same thing works for valuation of crypto currency.

It's not that the currency is worth that much, it means all of the holdings at one time are valued at the total valuation amount based on current sale price. It can go far above and beyond the total circulation based on the number of coins available to the crypto to mine. If it's unlimited, the valuation is theoretically unlimited.

There is a catch in that as the buying goes higher, the value goes higher. Meaning eventually the dollars needed to purchase it won't be enough for anyone to use. There is a limit to how high it can go, but it's many times that of circulating cash globally.

Don't let people tell you a crypto can't go in the may trillions of value, because it can.

If everyone sold it all off at the same time, it would proportionally drop in value to the point that it never was worth more than the total currency used to purchase it.

The purpose is to fleece you before you are too fleeced by someone else to a point that it makes fleecing anyone a waste of time and inconvertible resources.

How to buy crypto that is not listed on Coinbase and keep it safe?

Anyone who tells you this is not the truth is lying to you.

[imgur] [link to imgur.com]

If you can digest the massive gas fees than I would recommend looking into Saitama, Floki Inu, Dinger Token, and Ryoshi Token.

These can all 50x. Just investigate a bit. Not financial advice but I have packed a couple bags and just staying put.

If you're retarded, market cap doesn't matter.

buy shiba inu now... and forget about it

see a headline 2 years from now about shibu inu

cash in...

That is all.

what exchange did you use to execute?