Armando Pantoja
๐ค SpeakerAppearances Over Time
Podcast Appearances
If you, you told me you just bought a house.
So in your neighborhood, that's houses, right?
Let's just say you have a neighborhood of, let's say a hundred houses.
Each house is worth $500,000.
That's what five is 50 million.
So it's $50 million for the whole neighborhood.
Now, if I go into that neighborhood and I overbid for one of those houses because I really want it up to $1 million, the next day, this is not 100% right, but it's roughly.
The next day, the valuations of all those houses go up because of comp value.
So I put an extra $500,000 into that neighborhood, and all the houses go up.
So the entire market cap of that house would go up.
Let's say they all went to $1 million.
Market cap doubled with me only putting $500,000 into the house.
So that's how crypto works.
It's on CompFax.
Whatever the last price of a crypto sold, they all go up.
So it's not based on how much money goes in their crypto.
It's how much money in a short period of time and how much people want it, the demand.
Market cap is just a reputation of how much it's all possibly worth if everybody sold today, which...
It's not really true either, but it's just something people use to compare.
Yeah.