What the hell is this so-called market capitalization?

Damn, this "Market Cap" thing in the crypto world is basically a way to measure how much the whole circus of a digital coin is worth. It gives an idea of how big this shit is in the general market.

How do they calculate this crap?

It's a bakery account:

Market Cap = Price of a coin × Amount of coins circulating around

Like, let's suppose:

• If Bitcoin is costing $ 30,000 (an absurdity!) and there are 19 million of them circulating out there, the calculation is:

$ 30,000 × 19,000,000 = $ 570 billion

Damn! And the big sharks say this matters because:

1. Shows the size of the beast:

   • Big cryptos: They are like the rich old folks in the neighborhood, more stable but damn boring.
   • The averages: They have more or less risk, you can take a chance
   • The small ones: It's a hell of a risk, but it can make us rich overnight.

2. Trust: The suckers with money usually prefer those with a larger market cap, they find it safer, you know?

3. Comparison: You can see who is bigger than whom. "Oh, Ethereum is smaller than Bitcoin" - big deal!

What this ridiculous metric does not show:

• Real value: There are many coins with high market cap that are good for nothing in real life!

• Future: A large market cap doesn't mean that tomorrow things won't go downhill!

In real life:

It's like the "total value" of a company. Apple is worth trillions because everyone buys those expensive junk. In the crypto world, Bitcoin is like the king of the black coconut for having the largest market cap.

Understanding this, you might lose a little less money in the cryptocurrency casino.

Finally, this metric is just a way for the whales to convince you to put money into the coins they have already bought. Don't fall for this nonsense of "it's big so it's safe" - the whole market is heavily manipulated!