You are viewing a single comment's thread from:

RE: Why doubling the number of bitcoin users would more than double the price.

in #bitcoin7 years ago

OK so MC does not represent how much money everyone has put into it?

As a simple example, if someone paid 20k for BTC today then MC would become 20k multiplied by numberofcoins. If so, then I think I had it backwards where price is determined by MC.