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My first crypto mistake was buying coins with multiple zeros.
$0.000003, $0.0000071. These were my favorite coins.
I used to tell myself that if those coins hit just $1, I would retire my bloodline.
But I was wrong. If you buy crypto coins and tokens based on such, this post is meant for you.
What I didn't understand back then was the concept of market capitalization.
A coin trading at $0.000003 with a supply of 1 trillion tokens already has a $3 billion market capitalization.
Meanwhile, a coin trading at $3 with 1 billion tokens in supply has the same $3 billion market cap.
Hypothetically, these two coins are the same.
For the former to hit $1, it needs to reach $1 trillion in market capitalization.
That's bigger than Ethereum at its all time high.
I learned my lesson hard cos none of those tokens cut the zeros I expected.
I refer to that as "the illusion of numbers." Let it not fool you at all.
In crypto, market cap is everything. Price per token means nothing.