Marketcap has no relation to the amount of money people invested. It is numberofcoins X lastpricepaid.
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Marketcap has no relation to the amount of money people invested. It is numberofcoins X lastpricepaid.
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.