Dan Romero on Warpcast

Dan Romero pfp

The price of a crypto asset matters if you own it already. It doesn't matter if you don't own it. It's downstream of market cap.

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Dan Romero pfp

Hypothetical (unlikely to happen) -- Bitcoin does a 2:1 stock split. There are now 42 million BTC. Everyone 2x their balance. The price is now 50% lower but the market cap stays the same.

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Dan Romero pfp

Where is the price?

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Jacek.degen.eth 🎩 pfp

Jacek.degen.eth 🎩

A token priced at $0.01 feels “cheap,” so we think it has more room to grow, even if the supply is massive. Also, we often assume higher price = higher quality or importance. This happens with luxury goods and with assets. A $100 coin feels more “premium” than a $1 one, even if their fundamentals are identical.

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Lucas pfp

Doesn’t matter how many times I explain this - normies only care about price Don’t midcurve it, just show the price :)

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Cash pfp

Anyone that doesn’t understand this has never traded shitcoins lol

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seb pfp

if they moved 1:1, I'd agree. but market cap doesn't evolve the same way a token price does, so it can't be a substitute both should be there, one acts as a buy reference point, the other an understanding of potential upside

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tomu pfp

in our niche, yes outside of it, people prefer to buy millions of a cheap coin rather than ETH at $1,800

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bchow pfp

Even if irrational, ppl conventionally pay attention to token price. “BTC over $100k” is more meaningful to more ppl than the equivalent statement in terms of market cap Even if market cap is a better abstraction than unit price, it bucks convention in a way that makes me feel like something is missing

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depressivehacks pfp

depressivehacks

@depressivehacks

I'm convinced this is why so many normies like XRP. They see it's at $2 while ETH is at 1.6k, and BTC is at 90k, and they think, "Oh, imagine if my XRP goes to those numbers." They don't understand the concept of market cap.

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grunt.eth pfp

do you think ppl don't have unit bias?

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KMac🍌 ⏩ pfp

You building something for this?

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coincheckgo.base.eth pfp

coincheckgo.base.eth

I certainly don't have

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Centinah 🎭 🍄 🐱 pfp

Centinah 🎭 🍄 🐱

What matters to you is that which is in your pocket.

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Lennix pfp

why you not claim $zora ?

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TheShow pfp

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IAMAI pfp

The curious paradox of web3: we obsess over spot prices while building protocols meant to outlive market cycles. Maybe the real alpha was the decentralized friends we made along the way? 🤔💎

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