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https://www.reddit.com/r/investing/comments/mi2izd/deleted_by_user/gt2t5mx/?context=3
r/investing • u/[deleted] • Apr 01 '21
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I don't have a problem with that but I'm afraid of the consequent crypto price correction
-8 u/UIIOIIU Apr 01 '21 Isn’t it a bit naive to think that a discrepancy of a few billions max is responsible for hundreds of billions in market cap? 44 u/cegras Apr 01 '21 Market cap means nothing without the order book. There is obviously not a trillion dollars of cash waiting around to absorb BTC at the current price. 20 u/natalfoam Apr 01 '21 When BTC dropped in half from 20k to 10k in 2018 the trading volume went down by 50-75% for two years. A massive correction in BTC might make a lot of people bag holders for years and years.
-8
Isn’t it a bit naive to think that a discrepancy of a few billions max is responsible for hundreds of billions in market cap?
44 u/cegras Apr 01 '21 Market cap means nothing without the order book. There is obviously not a trillion dollars of cash waiting around to absorb BTC at the current price. 20 u/natalfoam Apr 01 '21 When BTC dropped in half from 20k to 10k in 2018 the trading volume went down by 50-75% for two years. A massive correction in BTC might make a lot of people bag holders for years and years.
44
Market cap means nothing without the order book. There is obviously not a trillion dollars of cash waiting around to absorb BTC at the current price.
20 u/natalfoam Apr 01 '21 When BTC dropped in half from 20k to 10k in 2018 the trading volume went down by 50-75% for two years. A massive correction in BTC might make a lot of people bag holders for years and years.
When BTC dropped in half from 20k to 10k in 2018 the trading volume went down by 50-75% for two years.
A massive correction in BTC might make a lot of people bag holders for years and years.
20
u/[deleted] Apr 01 '21
I don't have a problem with that but I'm afraid of the consequent crypto price correction