Bitcoin Forum

jes the marketcap and the social support could indeed be illusionary and faked.

people stil think its trustworthy and reliable however,

most traders dont use coinmarketcap anymore btw.

Your query is out of line. Marketcap isn't just related with whales, tether and so on...


Just don't. Whales aren't a bunch of fools. They are just waiting for the perfect opportunity to buy and turn a corner.


Yes, they might. Nobody knows what their next move is.
But that's irrelevant to your previous query.

Afterall, if you think marketcap is a metric for tracking the total valuation of Bitcoin, then you're wrong.

I know whales are not fools...but selling a huge part of what they hold is a way to manupulate the market. Causing more downfall. And with my little knowlege i believe that it will get a point when tether printing will bring fake marketcap. That was my reason for this topic. A friend of mine said that cryptocurrency was a joke. Sincerely i couldn't argue it. I just smirked.

And who said that Tether is printing money out of thin air? Do you really believe that one professor who wrote about it? It was just his prediction, and for now he hasn't been able to prove it beyond reasonable doubt, just like tether hasn't been able to prove that it's 100% covered. To be honest I trust Binance more than I trust a single whistleblower. It's easy to pay off one dude to write an article. It's much harder to pay all your employees and people who are covering for you as a company to keep the scam going.

Your subject and the question you are asking does not goes together. For the coinmarketcap of bitcoins, NO it is not false. It illustrates the total of bitcoins in circulations and represents the real amount of bitcoins on the market.

The tether was sued in court by the end of 2017. But until now, no problem.

then what do you think has been happening so far? and why did you just think about it now? do you think they are going to start now that we had a 70% drop?
what you need to know is that any manipulation also has its own power and will soon run out of. you can't manipulate the price from $20000 down to $1 there is  millions of other traders in the market too and they are also buying and selling bitcoin. at some point you reach a strong  resistance (which is most probably the $6000 that we saw tested 3 times and remain strong) that can not be broken so the reversal happens.

tether has nothing to do with market cap! 90% of the things you read about it online is pure bullshit created during the downtrend to create panic

yes we can say the maketcap is false if bitcoin have a more mistakes.

I don't get that sir

Whales do not exist as a single unit. Can all whales decide to pull out their money all at once? That's impossible because investors would never have a single mind in any form of business. While you're deciding to sell low, someone is also ready to buy and hold and sell it at a higher price.

That's not what they are doing by the way. You still seem to be confused again.

Just look at the dominance charts and you'll know that the involvement has lost by many folds when compared to the bullish times.
Its more of a psychological approach of various FOMO investors when Bitcoin reached $20k. That's what fueled the bearish trend.

well market cap is based on facts and figures so in order to disprove that,one has to conduct careful research to be able to say that the marketcap of btc is actually true or false.But until a systematic research is done,there will be no valid argument about this topic.

I do not know that. I only see the registered coin and volume amount in coinmarketcap. how anyone can manipulate data on coinmarketcap site?

If whales do convert bitcoin to fiat, there's nothing to be afraid of. Irrelevant to what you're talking about.

And yes, bitfinex will keep printing more tether, because they are shady as fuck.

Hmm. You like master Yoda of cryptocurrency. Always seeing sense in your view. #respect.
I hope to become like you one day.  When am done with school. I think am gonna face this shit squarely.

Lol...i think them fuckers got sued.

Tether print as much money people gave them.

I dont see a reason why any whale would convert their bitcoins to fiat at this point if they could exchange at double price not so long ago.


Yes the marketplace is false because 20% of Bitcoin s is lost so Bitcoins marketcap is 20% smaller.

Whales cannot completly manipulate btc or else they might lose the trade.  They are following the chart of btc.

Really?  Wow. Thanks. My questions been over answered

Lol and it's not asif they all gather at a place for a meeting or something.😁😁😂

If tether keep printing more thether, must be oversupply on market and bitcoin price must be increasing. If whales want to sell their bitcoin, they must be not selling all their bitcoin at same time because its affecting on tether supply and bitcoin price.

I don't think that it is false one because its NOT.

Frist thing, the whole market cap is not just made up of the whales, there is our money too. There is less number of whales (how many are richest?) and rest of the market constitutes of people like you and me.

I guess if they dump the bitcoins that they are holding then also there will be some value to bitcoin for which our money in the market cap will be responsible.

I think we are a little over worried. The price of bitcoin is now close to the cost of mining, and if whale continues to lower the price, the miners will collect bitcoin in the market.

Market cap is where you can see what value of a coin would be in a day in an hour, in a minute or in a seconds. We are to check in there how it is doing and since Bitcoin is on top of every coin in the market then it is TRUE vaue of Bitcoin whether a coin is on top or velow whatever value listed there is true.

It is very difficult to calculate the real market cap of Bitcoin. Because a huge number of Bitcoins are "lost", i.e no one is having the private key to spend them. This includes the BTC980,000 stash mined by Satoshi.

As long as bitcoin is trading at the value/coin that is currently making up the market cap, I wouldn't call it false.

Most must be scared if ever these whales converts their Bitcoins to Fiat. This would really make the market crash dramatically. However, I believe that we won't be seeing this in the near future. Most of these whales are already rich and are just making their money grow.

Tether could produce more if ever they believe that this is necessary but I think consensus is necessary before this happens.


If you are talking about the market cap reflected in CMC or alike, then I suppose they are true because the market cap is just a multiplication between the current price and the current circulating supply. There's no point faking them. However, market cap is irrelevant. Since it is just digits, it doesn't mean anything of significant to Bitcoin at all.

That is hilarious. I do not think they are able to convert Bitcoin into fiat and nor they meet up in particular places assigned. A technology like Bitcoin which is a decentralized as well cannot be easily put to an end. We have a lot of gap and Bitcoin is still to finish it as the demand will rise high when the prices starts rising. Besides, there are government regulations and the activity of the Whales that cause disturbance but the market ultimately recovers.

Assuming your right about the Marketcap, about the manipulation of Whales ? Do you think we can do something about it? Whales converted Bitcoin to Fiat, printing more FIAT? I see no reason pointing this topic in this forum, it create negative impression, and possible lost of confidence on crypto currency digital transaction. Crypto is Decentralized digital transaction, with support system, Blockchain in place, fundamentals are stable, market structure are clear on the market, one should always remember that Market is Volatile, anything can happened at any given time, with whales manipulation or not? marketcap is false? we can do nothing about it except to protect our investment.

Market capitalization is a illustration of the strength of a currency. So I can't say it is 100% correct and may be misleading sometimes. Let me give you an example,

Lets assume a coin named ABC has launched 1000 coins in the market. The coin is listed in an exchange and someone buys 1 coin with $5 price. The market cap of ABC coin will immediately become $5000 without the rest 999 coins hitting the market.

Also to your question, there is no corelation between bitcoin conversion to tether printing. So chill!

Convert bitcoin to fiat is not wise decision they should convert bitcoin into gold. That is the right way to save their wealth. Fiat will be useless,I think sell their bitcoin for fiat is their habbit, but they always buy it bitcoin again at lower price.

If whales converting their bitcoin to tether or fiat, its must be affecting on bitcoin price and maybe give big profits in short term for whales. They must be want make profits in long term and i think they will not selling all their bitcoin.

no, marketcap is already naturally like that, will not be able to update every second, because market cap just as a place of information at a glance only, different from the market that always update every second.

Thank you. This am following.👆👆

Although gold is kinda stable than btc but Is gold that much of a long term asset.  It's sinking day by day.

People's argument is always panic, yeah understand everyone wants panic in people but why do they want it? You'll say: to lower price. Then answer me, can you just give me one argument about why the hell do we need higher price of bitcoin? No, there is no way because bitcoin works well on 300$, 600$ and on 6000$ too as we see currently.
We can't say it's 100% sure. Btw here I remember coinmarketcup and how they manipulated price in minutes.

yes I think so it can be just an estimation of what is on the market but it is a big help in determining such effect can happen on the market with the volume forecasted there we can conclude our analysis on what will be going on the market if such news will be made and how will it react because just like the indicators its only the pass history of the movements of the market a accurate digits on time is hard to post when there is too many players in the market

But you are not giving a reason of why the whales will want to get out now. The price is very low, if they wanted to sell they could have done it at the top or close to the top of the market, also if they sold so many coins at the same time this will alert the markets and the price will go down even further, reducing their profits even more than before.

🤔 that's actually wise. You mean because exchanges might not have the liquidity isn't it?

I guess there is always the possibility of Satoshi's coins entering the market. If he is still around and has access to his private keys, he may still spend them. Even if he isn't attached to material wealth, there is the possibility of him transferring the coins to a Bitcoin Foundation or some charity.

Will in my own thought maybe whales are influencng people in the world of digital currency investment,but acting as main owner or the one who control the black chain market  i thinks thats is a foul,thats why dont scared,because whales did not do nothing  to make the cryptocurrency turns into fiat,while in the other hand the market caps of bitcoin is true,so therefore where did you get thats kind of news? maybe you can read and heard a fakes news about cryptocurrency.

In my own opinion yes. The market of bitcoin are false. Because the movement of his market is quetly unpredictable sometimes its up and tomorrow will be down

Something tells me that the whales are too wise to do that :)  for me it is a great sign that bitcoin is still alive, that they keeping their funds in Bitcoin, because if bitcoin would be dead, I think they would be the first to withdraw the money.

I think whales will never give up on this market and they think that if they sell Bitcoin and exchange fiat currency, then the crypto market will probably collapse as soon as the whale does it. They only sell Bitcoin when they no longer want to make money with this market

yes its true there is a lot local exchange that not listed on coinmarketcap. So we dont know exactly the capital but for sure marketcap do help us to watch the price and all altcoins. So i believe coinmarketcap still can be trusted. i think whales are invest in crypto for long term and they would not just turn all of their money into fiat like that and i do think if they do it big market crash will happen again.

Exactly what I thought... But someone gave justice to it already. Go to the first page of this discussion.

May. Whales can affect everyone in the world of digital money investing, but playing the role of the main owner or controlling the black market, I think that's a mistake, that's why. you are not afraid,
Because whales do nothing to make electronic money turn into fiat, so you have received the wrong kind of news.
Consider the good news not to lose the opportunity as well as money.

:o :o :o
Does Coinmartketcap fake ???. Is it a right information ???. If yes can you give us a webgite which give us a right information. Thank you so much.
I have used Coinmarketcap at the beginning when the first time I joined this market, I've very liked it and trusted it, so sad to hear it fake informations :(

Lol, you scared of something so illusionary and far from being a reality. Whales has nothing to do with the market cap of Bitcoin and so as the tether. All that's Bitcoin has achieved is due to the people patronizing it and not the whales.

No, I think that the market cap of bitcoin is real. Many exchange are controlling the amount of btc. The market situation is very transparent and you could track the every transactions that are made.

Lol he doesn't mean fake like that...i mean the calculations are extremely perfect. But the marketcap can't give perfect precision about liquidity unless it's added (not volume)

lemme give an instance. If I make coin of 10M total supply, if only 1000 of the coin is mined and sold on a market for 100$ that is 1 token 0.1$. If such coin is added on coinmarket it will have a total volume of $1M mean while only 1000 is in circulation.

market cap is nt wrong it is false media which create such rumors market cap is growing healthy and we can see more new money coming in

Its true, there are different cryptocurrency market and the highest price will be always at the top, that is the reason why coinmarketcap.com si the most trusted site by every investors.

I also think that the market capitalization of the entire cryptocurrency market is growing steadily over time and that has shown the trend of this market. Cryptocurrency is gaining a lot of investor attention so I believe that this development is inevitable in the present.

No you don't understand what I mean...am not saying its not trusted but the maths is a bubble. I made an example few weeks ago. Just read up previous discussion.

Not only the present even in the future. 😎
I mean this is the future

We can say that. We cannot rely on the market cap we see online as they also based it on different cryptocurrency exchanges not to mention that some of the  also provide false data such as volume and price to mislead the public. If we only have a regulated and well monitored market that is when we can see rhat the prices are true to its real value. If you look at BTC's market cap right now you will see different values that vary from site to site.

Probably, yes, but we should remember that the same situation with traditional stock markets. The thing is that we need some metrics to compare currencies, consider it as market cap not in dollars but in points.

I feel that we as a regular people are so we can manipulate it we are thinking that those things are really valuable and significant but they are just creating and imagining this value so this is not real or that you can feel and touch.

If we look at the market ,I think that the marketcap of bitcoin is through ansd so also to other cryptos in the coin market cap, the purpose of the coin market cap is to have guides and refetrence on what is going in the market,the value of the coins is always variable time after time.

It is very unlikely that the whales want to be out of the market, they are the ones that stand the most to lose if they do that, whales like most of us as well do not want to cash out, what they want is for the rest of the world to accept bitcoin so we can use our bitcoin directly without converting it to fiat first, so do not worry about it, besides if tether is found to be some form of scam, that is not related to bitcoin directly and at most the price will go down for some time but it will recover like always.

On my opinion, the market cap of bitcoin is real. Many exchange are controlling the amount of btc. The market situation is very transparent and you could track the every transactions that are made. Sounds good, right?

They somehow managed to get their audit a big success and were able to prove that they have more than enough funds to back tether.

And then again, I hear they printed 50 Million USDT couple of days ago. I don't trust those stupid cunts no matter what.

If they were indeed sued, did they settle or go for the trial?

precisely coinmarketcap is fake. the data is always different from other exchange sites. I actually trust the market exchanger website, where I directly sell or buy coins there. coinmarketcap is just an illusionary data.

of course because each site has its own analysis of the total marketcap that exists, they don't manipulate it and that is a real picture of the total marketcap that exists, the difference in each site is also not much different right, it proves that total marketcap doesn't false

that's an idea from a pope who is not good, if btc wants to be converted into fiat, so for what is btc so far created, isn't the main objective of btc made to replace fiat money, is that a market strategy? or just an issue that makes your eyes hurt when reading it, don't let this news change your position and make you not think long enough to release BTTC or you will regret it