>>725189065
One thing trading for a decade has taught me is market cap literally does not matter. All speculative assets (stocks, crypto, metals) and all financial products (futures) rely on a single principle, which is to attract buyers.
Yes this seems obvious, but what this means is market cap literally does not matter as long as you still have buyers. I have done experiments where I traded a dead shitcoin and managed to push the market cap to several millions of dollars with like $0.20
Despite him supposed holdings being worth hundreds of thousands, I could only cash out the $0.20 I put in because there was no buyers aside from me.
The entire game is this:
1. Buy asset
2. Pump price
3. Attract buyers to buy at inflated price
4. Slowly dump on them, basically you sell into the volume spikes
Again, this is all very simple and seems obvious, but this is how a shitty company like Ubisoft can reach such exponential evaluations.
(Oh hey, everyone is home right now because of covid, that means they are going to be playing video games, I am going to now buy stocks in those video games and sell onto others)
All speculative markets are purely greater fool theory.
If you want a tip for trading crypto, look at transactions on chain. No transactions equals dead shitcoin. This is why Solana was able to run from like $8 to almost $300 per coin, despite being an inflationary scam coin that runs on AWS. The shitcoin bull run attracted traders who didn't care what the price of Solana was, they just wanted to buy the new hot shitcoin on the block. Additionally, let's say you cash out of your shitcoin. Most of the time, you are cashing out to Solana for the trading pair, even if you want to put the money into stable coins, you have a to cash out to Solana first for 99% of coins traded on Solana
Its a genius wealth extraction tool
