Seeing some market cap vs price arguments

[Shanyha]

seeing some market cap vs price arguments.  another way to look at it (TLDR: market cap people are correct)

BTC circulating supply: ~20,000,000
SHIB circulating supply: ~400,000,000,000,000

notice SHIB supply is 20million times greater than BTC.

so even if BTC and SHIB were valued equally (which of course they are not), then you would need to buy 20million SHIB tokens to equal one BTC.

remember that price per coin is meaningless, you are paying for a ownership of a percentage or proportion of the total currency/token, the actual number of coins you own is completely meaningless, it's the % of total supply that you own that counts. so owning 1 coin with 100 total supply (1%) is exactly the same as owning 1000 coins with 100,000 supply (1%).

another analogy if you still don't get it. Pretend BTC and SHIB are two precious metals worth the same. Then with the circulating supply above, it's like SHIB being only being sold in the market in 1 grams lots, and BTC only being sold in 20 tonnes lots. you could either purchase one 20 tonnes quantity, or purchase 20 million one gram quantities. you end up with the same amount either way (20 tonnes).

therefore if you ask will Shiba get to $1 it's like saying will BTC get to $20million per coin. No it wont (in my lifetime).
#Culled

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[WNTRjon]

I don't understand what the "arguments" are that you refer to. People are arguing that buying something that is cheaper per token, is inherently better than looking at the market cap of the project? Where are you seeing such arguments?

[Bttzed03]

~ People are arguing that buying something that is cheaper per token, is inherently better than looking at the market cap of the project? Where are you seeing such arguments?

That's the argument. You can actually see that all over especially in social media but it's worded differently. They say they do not want to buy BTC because it's already expensive that's why they shill their tokens with quadrillions of supply. They also ignore the the current market cap because of the periodic token burning as promised by the devs.

@OP, market cap used to be the standard or the measuring stick when evaluating a coin/token for investment until XRP and DOGE pumps happened.

[Coin_trader]

I don't understand what the "arguments" are that you refer to. People are arguing that buying something that is cheaper per token, is inherently better than looking at the market cap of the project? Where are you seeing such arguments?

Maybe he just want to emphasize the most common arguments of traders especially on decision making on what project to invest. Marketcap is the common metrics for determining whether project is already overbought or not but there's always an exception especially if the project is on hype or has real and profitable usecase. You will always saw this kind of topic on this section especifically on poll thread for potential token.

[Chuky92]

This argument has been around for a long time now, at least I have seen people doing so, with one party agreeing that supply doesn't matter while another says it does, but when XRP pump happened of which it got to All Time High, that perspective was changed I think that might be one of the reasons why many coins now have a lot of supplies (just assuming).
Also about market cap, most coins with many total supply finds it easier to pump as user will buy in large quantities thus making it possible for those with little funds to get involved, and the more it pumps and remove a "0" the more happy investors are, although some gets trapped, but same can't be said of most coins with small total supply. I have even noticed that most IEO on good exchanges, the tokens or projects in question always have a somewhat big total supply thus making the IEO price somehow attractive.
Nevertheless, the whole idea nowadays is, most projects are gradually going the route of having a very big total supply, which gives everyone a good fighting chance, but the funny thing is, at the end the profits made are being taken back to good coins like BTC. So I would say, that arguement doesn't matter anymore, once a coin have what it takes to be invested with and the person is okay with it, then go ahead.

[JeffBrad12]

I don't understand what the "arguments" are that you refer to. People are arguing that buying something that is cheaper per token, is inherently better than looking at the market cap of the project? Where are you seeing such arguments?

You must take a look at another thread, there are lots of shib holders were saying that if they do believe if shib will be reaching $1 for each shib which was impossible to be achieved. I think that you didn't get what OP means about that. OP means if he was also trying to give an explanation why shiba will never reach $1.
The marketcap will be more than bitcoin. Bitcoin is quite impossible to achieve 20 million for each bitcoin. Try to see how shib holders were keep saying it will touch $1 soon