Why does ripple have the most retarted followers

>biggest normies -btc maximalists
unironically true

Why do none of them understand what a marketcap is?

what is market cap user, keep it simple

>That one retard who can't understand the irrelevance of marketcap in crypto

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twitter.com/swiftcommunity/status/1054612472571715584

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Like clockwork

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-> >he doesn't know

It is like clockwork because. . .

The only people who buy xrp q this point are boomers putting in 300 bucks waiting for $589 eoy!!!!! Seriously the biggest pseud group out there.

I issue 100 trillion coins. Sell one coin for $1. Now $100 trillion marketcap.

One day you retards will realize that marketcap is only the total amount of new money that would have to come in for all holders to cash out at the current price.

>boomers putting in 300 bucks waiting for $589 eoy!!!!!
me irl

Wow you should be a CEO.

woah...how r u so smart??...i never thought of it like that...

If you really want to feel bad for ripple followers go read the comments on any post from swift

>most
>retarted

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Ok which hospital did you escape

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I-I don't know what you're talking about, user...

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a dude at my old work literally doesnt have a computer, not even a laptop or something. he plays sports and shit and has a wife and kid. he bought xrp at $4 and was telling everyone how it's the next bitcoin at work. haven't heard him mention it since the crash

truly the normie's coin

Absolute retard

>everyone assblasted
>nobody refutes this

I assumed it was a sum of the actual dollar amount

gg

>falling for the "falling for the market cap meme" meme

>issue 100 trillion coins, sell one fo 1$

circulating supply of 1 coin x 1$ = MC of 1$

WOAH ITS ALMOST LIKE YOU'RE A FUCKING RETARD

It's probably
>muh bank coin
That tangentially seems safe for them because they trust jew banks
Just a guess

>Tronfags are some of the most delusional human beings I have ever encountered.
you must be new. Have you seen Linkies, 0xBTCucks and Derofags?

geebus user

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Normies are pure NPCs. Literally nothing going on up there. What a bunch of retards.

Wait I'm not sure if everyone is just trolling or serious about this market cap meme? Do you people actually think that if btc price today is 6500 then the mcap is supply x 6500?

Wtf how do u think mcap is calculated fucking stoopid

Marketcap is price * supply its number doesnt tell you how much money everyone would make if everyone sold.

The order book tells you how much money it takes to change the price.

Hey XRP user from like 6 months ago that argued with me forever about how it was better than ZRX. I really tried to help you

How heavy are those XRP bags?

t. ZRX user

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xrp coinbase

The hero you retards need

The most normie crypto-investor I know was all in on Ripple.

Not sure how XRP became the normie coin of choice, but it is.

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You really think if Satoshi would start dumping his all btc he would be able to sell it at the same price? With every btc sold demand goes down and so does the price. That's why marceptcap of all coins is a bullshit number because it assumes every coin will be sold at the current price which is impossible.
Nobody really knows the real marketcap of crypto, cmc says its 209million but it is somewhere way lower

It appeals to the crowd that wants to be "different," but still doesn't take much effort or research to discover. BTC and ETH are too exposed for them, and at under $1 feeds into a sense of being a shrewd early adopter. Note this has nothing to do about the quality of XRP as a project, but just how Normie's first crypto investment usually goes down.

8/8

dank uncle cliff meme user

>Do you people actually think that if btc price today is 6500 then the mcap is supply x 6500?
That's what I actually think

>one

Wait, how do u sell if nobody buys it from you?

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XRP and ZRX have both unironically been great holds this past couple months

>Marketcap is price * supply its number doesnt tell you how much money everyone would make if everyone sold.
That's the point. If everyone tried to sell the price would collapse. Which means the supposed marketcap of all these coins is an illusion.

>circulating supply of 1 coin x 1$ = MC of 1$
>WOAH ITS ALMOST LIKE YOU'RE A FUCKING RETARD

I can fix that. We'll actively trade 1% of the coins and pretend that the rest are circulating as well. That's basically what happens across the market right now.

How much bitcoin do you think is really circulating? If I'm a whale with 50,000 BTC in a cold wallet since 2010, that's as good as out of circulation. What about Satoshi's 1m+ BTC that may or may not be lost? Whether he still has access to his funds would swing the marketcap by more than $6.5 billion.

Your precious marketcap will evaporate the minute you make a real estimate of circulating supply instead of handwaving. Don't just criticize my $100T shitcoin because it's better than yours.

>not understanding the exchange liquidity problem
not gonna make it

Same as pretty much all the worlds wealth. so whats the point?

You don't see a difference between a crypto's system of rotating bagholders and a company creating wealth through the product/service they offer? Companies make real profit that doesn't requiring screwing over the next wave of investors, and they have underlying assets that can be sold off if they go broke.

Until there is real world use at a reasonable scale, we should admit that crypto is completely speculative. That's why the value can plummet so quickly.

I think because it's very easy to understand and seems to fulfill the promise that the general public thinks crypto has, i.e., it's for transferring money quickly and easily. The price per token also seems to confuse and entice people who have no experience in any other type of market so concepts like market cap and circulating supply are just not in their vocabulary.

>I can fix that. We'll actively trade 1% of the coins and pretend that the rest are circulating as well. That's basically what happens across the market right now.

Good job explaining what volume is. You are so fucking stupid, this exact argument could be made for all other markets.

Of all the USD in the world how much do you think is actively moved?

Of all the shares in a stock how much do you think is actively moved

You live in a fantasy bubble where magic behind the scenes protects a civilization that will last forever. Memes manifest egregores, companies manifest egregores, countries manifest egregores, they began with intended purpose in mind but over time they take a life of their own and do not remain faithful to their founding vision. Human activity is dictated by incentive, and in organizations there exist mythos, hierarchy, policy, and levers of power. Incentives are the true laws of behavior and regularly run contrary to the purpose of creation. In this complex mess, like the entrails of a great beast, disease takes hold and brings upon suffering and madness. Learn from history, the wars, the genocides, diseases, and famines. Mother nature is cruel and unbending to the whims of man. Mother nature is deceptive and will appear to entertain your fantasies long after she has cursed you and brought diabolial mechanisms of doom into motion.

Read my next post. I explained why other markets are different. If you can't grasp that I guess there is no hope for you.

Have fun flipping burgers with that shitty degree.

They don't dispense redpills at universities.

>retards and normies
unironically bullish as fuck

That is literally what market cap is.

The only difference is liquidity (and a few scams with a locked supply). A larger market has more liquidity who'd have though?

Seriously if you don't know that college is for reinforcing current egregores you obviously haven't been. It's to the point where you take a class on democracy, get taught it first got going as we know it less than 150 years ago, and by the end of it they want you to tell them how in the future democracy will be in more countries and everything will be more democratic as if democracy isn't most likely an anomaly, a spec of time in the history of civilization that will come to an end relatively soon.

market cap is only kind of a meme if the asset is evenly distributed you retards, which is not the case for xrp. there are many people with many millions if not even billions of coins. when these people decide to stop artificially supressing the supply and start dumping, you will finally understand why market cap is not a meme

abaolute brainlet holy shit
>what is volume
if you sell a bitcoin for $1 the market cap doesnt change to 21 million, youre just a retard that sold his bitcoin for $1. it will have absolute no effect in the current price

>The only difference is liquidity (and a few scams with a locked supply).
Sure, if you ignore the fact that crypto currently has no real world adoption. It is simply transferring money from new to old investors over and over (with a few billion every year sucked out of the economy by miners). No new wealth is being created, and there are no assets (inventory, factories, IP, etc) that can be liquidated after a crypto fails.

The exact numbers are not as important as the concept, which has clearly gone right over your head.

LOL... I'm pretty sure there was a Medium article posted on the Ripple sub from this guy asking what market cap is where the main thrust was why XRP was going to hit $700 or whatever!

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Yup. And I was wrong... 450GBP lol.

medium.com/@shawaeb/why-a-35p-cryptocurrency-can-hit-450-in-two-months-b3bb8d8ad6ec

Ripple seriously has one of the most retarded followings. The subreddit is delusional gold.

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Youre an ultra brainlet. It doesnt matter if it would go down more as people cash out, you apply the same calculation to all cryptos so you can compare how large valuations they have... BRAINLET

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