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Title: Cryptocurrency Market Cap Post by: Oliver A on December 12, 2017, 10:31:52 AM Will the cryptocurrency market cap increase as speculated? What do you think will be the cause if it does increase?
Title: Re: Cryptocurrency Market Cap Post by: Pursuer on December 12, 2017, 10:53:22 AM Will the cryptocurrency market cap increase as speculated? only those who don't understand how useless market capitalization is for cryptocurrencies speculate about it ;)Quote What do you think will be the cause if it does increase? it will increase and the reason is pretty simple: they keep creating tokens out of thin air. 100 billion supply of some shitcoin that is worth 1000 satoshi is increasing the total market cap by $16.5 billion dollar and they create it with click of a button. and these days shit-tokens are worth a lot more than 1000 satoshi and have a lot more supply than that.Title: Re: Cryptocurrency Market Cap Post by: garet on December 12, 2017, 10:55:37 AM Well said Pursuer! I think no further answers are needed on this thread and we can end it there ;)
Title: Re: Cryptocurrency Market Cap Post by: DooMAD on December 12, 2017, 11:02:29 AM Will the cryptocurrency market cap increase as speculated? only those who don't understand how useless market capitalization is for cryptocurrencies speculate about it ;)Quote What do you think will be the cause if it does increase? it will increase and the reason is pretty simple: they keep creating tokens out of thin air. 100 billion supply of some shitcoin that is worth 1000 satoshi is increasing the total market cap by $16.5 billion dollar and they create it with click of a button. and these days shit-tokens are worth a lot more than 1000 satoshi and have a lot more supply than that.The same can be said about the notional value of derivatives. Those are made up tokens created out of thin air by banksters, but those who trade in them still ascribe value to them where many see none. That $1.2 quadrillion market capitalisation is equally useless, but people still sit up and take notice of it. The only way humans seem to be able to make sense of these things is to give them an arbitrary monetary value, even if it's completely meaningless in practice. Title: Re: Cryptocurrency Market Cap Post by: mOgliE on December 12, 2017, 12:16:46 PM Hi,
The trend is upwright and it won't change as long as bitcoin is created. It is logical to have some small drops from time to time but indeed, the value of bitcoin is ncreasing. It is part of the inner way it was thought in the first place! So indeed, the cap will increase and so will prices. Don't ask "how much", nobody knows! ;) Title: Re: Cryptocurrency Market Cap Post by: Qartersa on December 12, 2017, 12:25:13 PM Market cap is based on the price of bitcoins, so the higher it goes up then the higher the Market Cap is, I don't see any point in asking this question since logically you are just asking whether bitcoin prices will go up. The answer has always been yes, bitcoins will keep on going up and think about this, bitcoins has not yet even hit real mainstream usage nor has the whole world given access to an easy way to invest into bitcoins yet. Not to mention as well, that I don't think even 10% of the world has even a knowledge of what bitcoins are. So expect that prices will just keep on rising, so will the market cap.
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