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by stanmancan
3200 days ago
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actually you’re right, your stocks are worth $0, until you sell them. If the company went bankrupt tomorrow what would happen to the value of those stocks?
If there are 100 shares available and someone is willing to pay $500 for a share, but nobody else is willing to pay more than $5, is the company really worth $500*100?
Same idea goes for bitcoin cash. Just because there are a few people willing to pay $X00 doesn’t mean every single bitcoin is worth that much. |
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The $8B figure for BCH is using the exact same semantics that every other non-cash asset in the entire world uses. But because it's crypto we get pedantry like this.