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RE: EOS Cryptocurrency ICO Market Capitalisation and Reasonable EOS Purchase Price Estimate

in #eos7 years ago (edited)

bitcoinbill, I never understood why do people talk about total token supply and price of each token. What matters is what % of market cap you own. You should not care if it's 10 cents or 1000 dollars per token or how many tokens are total. You should only care about your % of ownership multiplied by market cap and comparison of that marketcap to other networks marketcaps. That's it.

The only places where number of decimal places of each coin price vs USD matters is retail and exchange trading where people have to see prices with too many digits. In this regard current Bitcoin price around 2500 is quite inconvenient compared to EOS price - around 3. Currently I find it more convenient to trade ETH vs USD than BTC vs USD. So Bitcoin is weak compared to ETH and EOS even in those places where price per coin matters.

Of course, if people would agree to give names to certain fractions of % of ownership and all exchanges and retailers would price in those units then price per coin will become irrelevant too.

Let's name 0.00000001% of coin ownership with nano prefix + coin name and start comparing price of nanoEOS vs nanoBTC vs nanoETH. Now your statement translates to nanoEOS "will never hit a value as high as " nanoEth or nanoBitcoin. Today nanoEOS = 2USD, nanoETH = 22USD, nanoBTC = 42USD.
Are you sure that your statement is correct ?

I also believe that all exchanges should trade all coins in such units to make trading experience pleasant regardless of coin rarity. Currently trading in BTC units is not pleasant for me at all. It's convenient only for millionaires. bitcoinbill are you millionaire or billionaire ?

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