Bitcoin Forum

As of today, Bitcoin's market cap is only x6 its nearest competitor.

http://coinmarketcap.com/

As the days and weeks go by, I see us going x5, x4, x3...

Should we start getting worried at x2? What then?

You have to sort on trade Volume 24h. Market Cap means nothing, a coin isn't worth that value. If you sell all coins, last one goes away for zero. If you multiply that with number of all existing coins you get the "real value"
What is done there is multiplying all coins with price of the very first coin getting sold.

Back on your question: Then, POW mining finally bites the dust.

Inflation killed it. Can't hold the drink. Too high payout to miners, they control the market. Hashrate wants to be  paid.
No incentive for investors but good incentive for miners (until it's not)
Bitcoin is broken at the fundamentals. Unobtanium deserves more attention as it presents a solution to the problem.

All money which is pumped into bitcoin bleeds out again instantly. That is a problem.

Litecoin is twice as doomed (30% inflation)

Bitcoin needs at 220$ price 5500$ every 10 minutes to run. (blockreward multiplied with marketprice = cost every 10 minutes)

btc/ltc are both deflationary so the above points are moot.

+1

I have witnessed a few shitcoins that briefly showed as having a bigger market cap than bitcoin. They all had low volume and their devs used the cheap trick of buying a small quantity at an exorbitant price. During one of the doge coin pumps someone stated it off by buying a small amount at the price of one doge = one bitcoin. That briefly gave doge coin the appearance of having a bigger market cap than bitcoin.

I am not worry! Probably it is a good sign to shift ur investment to other promising altcoins! We know that crypto technology is evolving and we should keep our mind open!

Just watch MarineCoins movements for a few days:
http://coinmarketcap.com/currencies/marinecoin/

(Do NOT, for the love of God, buy any)

You'll notice that MC is now down at # 53 on CMC (-54%, $18 24hr trade), sometime in the next couple of days the MC dev will pump it with a $200 buy-in all the way back up to around #20, and then it'll slide back down until the next pump.

This is a perfect n00b trap, btw, because it's very easy to look at the % price rise, think "Wow, thats going up" and then buy in. The problem is that because there is no real trade volume, an investor will not be able to sell out and ends up as a bag holder immediately.

Always check the trade volume: anything under $1000 per day is not really tradeable. Might be a good long term investment, but in the short term: avoid.

No it is not, it Is already only x2..
https://www.ripplecharts.com/#/

Coinmarketcap shows you  <14 million BTC are in circulation. If an extra 26 Million BTC existed right now at protocol level-- in the hands of corporations, private entities, HNWI's etc it would probably make sense to factor those coins into your calculation of market cap unless everyone else is pretending they don't exist as well.

Ripples (XRP) exist in large quantities outside of the bounds of "available supply" given by coinmarketcap. I'd argue even factoring in lock-up agreements and such, 'non public' coins are still very much available supply, Ultimately At your intepretation of x2, ripple will have already have fully surpassed btc

Ripple needs reserves to get big players on board (central banks, governments, banks)

I don't think it's fair to include the reserves.

Would you be worried at x2? I wouldn't be at all surprised if Ripple was 10 times BIGGER than Bitcoin by the end of the year. Some think this is a crazy belief, but from what I've seen, heard and from the people I've met; global finance is in for a shakeup on a scale not seen since the introduction of credit cards by American Express, BankAmericard, Diners Club, etc.

Ripple should not be on the list, it is not a decentralized "Alternate cryptocurrency".

Ripple Labs marketing folks certainly would not want to be ranked alongside geek coinz, ponzi coinzs, hippie coinz, black market coinz and terrorist coinz.

It would be wrong to say Ripple is centralised. It's not. It's distributed.

I think people who should've been worried already cashed out majority of their BTC.

People who bought now won't get worried till it reaches $100 and then they'll sell

then people who buys at $100 won't get worried until it reaches $20

so on and so forth.

circle of life and btc.

Another classic example of this was Neutrinocoin.

Friggin' joke!

 You're asking me if I'd be worried at x2, as I wrote we are already at x2. It's not just XRP reserves held by RL, but privately held XRP interests, sweetheart deals, bulk buyers, forthcoming business allocations not included in the figures you reference.  The market cap of the XRP anti-spam token/bridge-currency. (of which even a major bank does not need more than a modest amount) is now half that of mastercard at IPO. That's the reality.
 
They are not 'blacklisted' by the protocol, they are not unspendable. Either the markets priced that supply in or they haven't. I wager they haven't. The well understood facet of bitcoin is the hard cap of 21 million total supply.  As blocks are mined the total supply increases until it hits this wall. No entity owns another 40 million this second that aren't included in common market cap calculations and aren't taken into account by market participants valuations. The idea is ludicrous.

Just because a significant amount of BTC that was privately brought in marshals auction, or held by a hedge fund, exchange etc doesn't mean we erase them from the available supply.  Right now you are simply pretending only 30 billion XRP exist in the world when there is 100 billion, based on the presumption they aren't available for 'public' purchase.

The x6 figure in the OP (from coinmarketcap) is not based on 100bn. It's based on the 30bn.

The x2 figure you quoted is based on 100bn.

Anyway, the ratio is converging slowly, but steadily.

How many XRP exist- 30bn or 100bn?

Only Ripple, by the way.

If Ripple's reported market cap ever got above Bitcoin's, I wouldn't worry - I'd keep an eye out to see if it prompts a pile-in from Bitcoin to Ripple. It's be interesting to see if that happens - or if that doesn't.

And you make your conclusion solely based on ripple? I hope you are making a one to one comparison. xrp is a coin issued by a company and btc is owned by the community. So is that similar in any way? I will definitely hold on to bitcoin no matter what the price is.

How in hell do you want UNO to be adopted mainstream? UNO will never be mainstream, it just lacks everything that something needs to be mainstream. Bitcoin sounds soo much cooler, the network effect of Bitcoin is insanely big.

Good for you. Belligerence will not bring you fortune.

Ownership distribution is another discussion. Bitcoins's ownership distribution isn't much different to Ripple's.

Even if we gave every man 3 acres and a cow (pure Distributism (http://en.wikipedia.org/wiki/Distributism)), it wouldn't be long before rich and poor emerge. The currency in use is irrelevant to human nature.

(Red colorization added.)

Your statement is not entirely accurate.

Is username for real? You write like a bot, plus it doesnt make sense, Eamorr is completely right. Distribute everything equally, then after a while those that are more genetically gifted/lucky will be above the rest and create new monopolies.
Might as well have our beloved friend satoshi as the rothchild (in terms of wealth) of bitcoin.

If Ripple Labs marketing folks had any knowledge they would know starting by the name they already lost against something as cool sounding as Bitcoin. Enjoy bag holding.

i think thats not alwayas accurate but close with real chart .

Have you ever marketed anything in your life?

You do know that the "Bitcoin" brand is toxic, right?

You should have a look at the LinkedIn profiles of the non-technical folks at Ripple Labs.

Oh wait, you won't bother, because YOU know better.

Best of luck with everything.

Oh yeah, its so toxic that Microsoft and Paypal just partened with Bitcoin related businesses. Dude we are on the early days and Bitcoin is already lightyears from what Ripple will ever try to amount. Ripple will always be a boring knockout, Bitcoin is the real shit, deal with it.

Why would large companies only look at Bitcoin and exclude newer developments such as Ripple? (not to mention the NXT community and Stellar)

Good old Bitcoin will be around for a bit longer, but don't think that Bitcoin is the silver bullet for solving the world's currency problems. It isn't. It's debatable whether the Bitcoin is up to the task at all. Instead of arguing how best to fix Bitcoin, others have already done it and are demonstrating the capabilities to the big fish.

That can be read in two ways. On the one hand, they may have gotten the idea that Bitcoin will be huge. On the other hand, they could have decided just to use Bitcoin as a payment processor in the hopes of getting that whale money for their products. If the latter, all they'll do is provide more selling pressure.

I think Eamorr is making the point that the "Bitcoin brand" isn't that enticing for ordinary folks to buy Bitcoin, for the reason he stated.

At least for now, anyways."The public's memory is short."

There are coins, that you can barely say are coins, that were issued and 90%+ are held by few and those never hit any market. So those few coins that are on market are priced quite high and then when you multiply with whole coin number you get huge capitalization.

Thing is, there should be separate list of crypto coins. Mine able like Bitcoin should be on one list, then can be several other lists.

When I see Bill Gates big upping Ripple i'll buy some:

https://www.youtube.com/watch?v=e6KRp91YAw8

I don't think Bill Gates is the Bitcoin zealot you think he is. He's much smarter than that.

Have a look at the articles quoted here: https://xrptalk.org/topic/5226-i-think-bill-gates-just-outed-himself-as-a-ripple-supporter/

Finally:

(real) Market cap ratio is nearly 8:1 right now...

coinmarketcap.com takes into account these reserves. The theoretical market cap of Ripple (for example, and has been pointed out above) is much higher.

Regarding your stubborn interest in mineable-only coinz: https://www.coingecko.com (there you can exclude un-minable coinz to your heart's content)

I can issue 1000 coins i name Apple. and i keep 990. 10 i slowly place on sale. 1 a month. This Apple will get huge price since few will just be hungry and want it so bad. Capitalization will be that apple sold *1000

Good for you.

Lulz, yeah get a brain transplant.  Meanwhile I'll happily take all your value.

Lulz, the essence of a Ripple bagholder.  But his bag probably isn't half as heavy as yours would be should you take it.

Your deficiencies do not dictate the general intelligibility of a statement (https://bitcointalk.org/index.php?topic=932009.msg10245140#msg10245140).

The deficiencies of Bitcoin are not strong enough for any other alt(shit)coin to replace it anytime soon(ever).

At least we have you now admitting that there are some deficiencies.

We're making progress. We'll eat the elephant eventually - one bite at a time.