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Author Topic: Newbie and market caps  (Read 99 times)
huffer2100 (OP)
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January 29, 2018, 02:29:45 AM
 #1

So trying to self-educate and I've been reading a lot on this forum for a couple weeks now but looking for some specific answers;

I have been trying to understand market cap and I get how to determine if a 100x increase is feasable or not but I'm confused where there are a lot of members who say hodl a certain coin for long-term gains and price is under 0.10 with a market cap of 1 billion - doesn't that mean it will be very hard to see a huge return though growth may not be out of the picture? If it's already at 1 billion, that doesn't mean it will reach the prices of BTC, correct? Sorry if I sound dumb, just trying to put information together to make sense of how to evaluate coins
kamnibal
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January 29, 2018, 02:40:53 AM
 #2

at some point you are correct, it wont reach BTC price, but it can still make very good profit
timet678
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January 29, 2018, 02:59:52 AM
 #3

Depends on the coin, but yes you are correct. It's very unlikely that a $.10 coin with a billion dollar marketcap will ever be the price of bitcoin. I mean, a 112 trillion dollar marketcap is out of the question for any coin or even the market as a whole.

Just to be clear, I'm not saying that a billion dollar marketcap coin would be a bad investment. You just won't see the crazy returns that some small cap coins experience.

cryptogeek101
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January 29, 2018, 03:07:25 AM
 #4

It's good you study the coinmarketcap very well before you invest in any cryptocurrency. Most cryptocurrencies with high circulating supply of billions  will hardly reach $1. The coin performance sometimes depends on the concept of the coin project and its impact on the users in the society. Thus a careful study of the market situation of the coin is very important. Look before you leap!

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