Re:Why you can’t cash out part 1: Bitcoin’s “price” is large...
by scott00 on Monday December 18, 2017 @09:49AM
(#15951945)
Your criticisms about it not being the amount that came in or that can come out also apply to stocks.
If all I know about a crypto asset is that it has a market cap of $100 million, I know it's a very niche asset in comparison to bitcoin or ethereum. It's small enough it's reasonably likely to be a scam. For me personally, it's small enough that I'm not interested in learning any more, which has practical use because my time is finite.
If all I know about a crypto asset is that it has a market cap of $100 million, I know it's a very niche asset in comparison to bitcoin or ethereum. It's small enough it's reasonably likely to be a scam. For me personally, it's small enough that I'm not interested in learning any more, which has practical use because my time is finite.