Anyone want to invest in crypto?
Here's my point of view as a small investor,i'm not a hedge fund manager holding a millions of dollars to invest. I'm not in a institutions who can invest billions of dollars in crypto. So basically i focus on crypto that has limited supply.
Why?simply because value of crypto is determine by supply and demand that is law of economics. For example in forex if us dollars go to a process of quantitative easing(it means that they're making more US dollars) so the value of us dollars will drop because it increase it supply while it lessen the demand.
Same in crypto,those crypto that has more supply will have longer period of time to raise it's value. One of the example is dogecoin and dime coin. Dogecoin has 114 billions available supply,it needs a market cap of 114 billion dollars to have a value of 1 DOGE = 1 USD
Dimecoin has 539 billion available supply,so it needs 539 billion market cap to have a value of 1 DIME = 1 USD which more than the market cap of bitcoin and ethereum combine.
Bitcoin is an example of limited supply because it only has 16 million supply and has 150 billion market cap as of this writing that is why btc price has skyrocket and another example is bitcoin cash it is now trading at 1,153 usd per coin and has 17 million available supply.
What do you think guys?
Tell me you're thoughts
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