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/biz/ - Business & Finance

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52377392 No.52377392 [Reply] [Original]

out of the 356 billion market cap of all crypto, only about 5% of that is backed by money, the rest is just bullshit values from "trading pairs" crypto to crypto.

>> No.52377446
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52377446

>>52377392
Most likely.

>> No.52377516

Market cap doesn't really mean anything. It's just price * theoretical supply which most times isn't accurate.

>> No.52377528

>>52377392
yes

>> No.52377615

>>52377392
Yes and no.
All major coins have a Bitcoin trading pair.
Not to mention p2p traders and CEX liquidity.

>> No.52377617

>>52377392
That's every market

>> No.52377620 [DELETED] 
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52377620

>>52377392

>> No.52377638

>>52377392
wait until you realize that 'money' isn't backed by anything either.

>> No.52377706

>>52377392
Said the guy who sends his monthly pay check to some e-thot with extra steps to spend on his boyfriend's condoms while she gets fucked on stream.
You really can't talk much about managing financials, either.

>> No.52379348

AWKWARD BILINGUAL SEX WITH PIKAMEE SOU DESU YO