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bathrobehero
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Activity: 2002
Merit: 1051
ICO? Not even once.
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 07, 2015, 05:50:00 PM |
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$7,967,960 marketcap with $23 trade volume. Shows nicely why marketcap is nothing but a useless number in crypto. BCT thread: https://bitcointalk.org/index.php?topic=1066093.050% (or 100%) premine coin: Release and distribution
A): 50%: 500 million shares are held by the development and operation teams; B): 30%: 300 million shares are reserved for the strategic investors in order to stay market-ready, and for an important strategic mergers and acquisitions; C): 15%: 150 million shares are reserved for YBCoin exchange and integration of other Yuanbao virtual assets; D): 5%: 50 million shares are reserved for distributing gifts, marketing and public relations activities. ____________________________________________________________________ 100 %: 1.000.000.000 (one billion) shares
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Not your keys, not your coins!
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nextgencoin (OP)
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Activity: 1106
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 07, 2015, 05:52:44 PM |
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Yeah I saw that. Have a look at the website, I do like the idea of a Chinese based coin though. IF anyone can produce a coin to rival even Bitcoin and have the volume to push it is China...even if this one is a complete scam.
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spartak_t
Legendary
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Activity: 1960
Merit: 1176
@FAILCommunity
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 07, 2015, 05:59:44 PM |
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nextgencoin (OP)
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Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 07, 2015, 06:09:28 PM |
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hahha. Before I dismiss it though and please don't think I'm trying to push it but it seems like its related to YBcoin which actually does have a high marketcap AND volume on coinmarketcap. I don't like the dismiss something till I know for sure its junk.
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spartak_t
Legendary
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Activity: 1960
Merit: 1176
@FAILCommunity
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 07, 2015, 06:14:44 PM |
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hahha. Before I dismiss it though and please don't think I'm trying to push it but it seems like its related to YBcoin which actually does have a high marketcap AND volume on coinmarketcap. I don't like the dismiss something till I know for sure its junk. They clearly state that @YBCoin is their official Twitter account. That is why it is included in the tweet.
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nextgencoin (OP)
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Activity: 1106
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 07, 2015, 06:35:11 PM |
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hahha. Before I dismiss it though and please don't think I'm trying to push it but it seems like its related to YBcoin which actually does have a high marketcap AND volume on coinmarketcap. I don't like the dismiss something till I know for sure its junk. They clearly state that @YBCoin is their official Twitter account. That is why it is included in the tweet. Exactly so if they do actually have a successful coin then maybe this new 'asset' coin isn't a complete scam and maybe something is being lost in the translation.
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bathrobehero
Legendary
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Activity: 2002
Merit: 1051
ICO? Not even once.
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 07, 2015, 06:54:32 PM |
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hahha. Before I dismiss it though and please don't think I'm trying to push it but it seems like its related to YBcoin which actually does have a high marketcap AND volume on coinmarketcap. I don't like the dismiss something till I know for sure its junk. They clearly state that @YBCoin is their official Twitter account. That is why it is included in the tweet. Exactly so if they do actually have a successful coin then maybe this new 'asset' coin isn't a complete scam and maybe something is being lost in the translation. How is that (lack of) distribution can possibly be considered anything but a scam? Having to trust the devs with that amount is pretty much a form of centralization.
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Not your keys, not your coins!
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dadingsda
Legendary
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Activity: 1310
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 07, 2015, 07:03:40 PM |
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The chart looks like stairway to heaven da moon... ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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INVALID BBCODE: close of unopened tag in table (1)
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Trouble821
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 07, 2015, 07:36:32 PM |
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The chart looks like stairway to heaven da moon... ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I'm putting a screenshot of it here for posterity to show how easily a market cap can be manipulated by someone who holds a coin's entire distribution. Nobody can dump yet because the dev holds all the coins. He can buy a few dollars worth off himself at such high prices it pumps it to the top of coinmarketcap. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs7.postimg.org%2Fp99w5sq0b%2Fasset.png&t=663&c=whT2Um8IiEeDHQ)
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NorrisK
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Activity: 1946
Merit: 1007
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 07, 2015, 07:42:55 PM |
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The chart looks like stairway to heaven da moon... ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I'm putting a screenshot of it here for posterity to show how easily a market cap can be manipulated by someone who holds a coin's entire distribution. Nobody can dump yet because the dev holds all the coins. He can buy a few dollars worth off himself at such high prices it pumps it to the top of coinmarketcap. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs7.postimg.org%2Fp99w5sq0b%2Fasset.png&t=663&c=whT2Um8IiEeDHQ) That also shows the importance of trading volume when evaluating the graphs and price movements of a coin. I wouldn't touch this piece of crap if I was any of you.
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montaga
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 616
Merit: 264
Freedom, Natural Law
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 07, 2015, 08:28:01 PM |
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There are alternatives to coinmarketcap https://bitcointalk.org/index.php?topic=1083240.0coinmarketcap is a joke not worthy to check anymore. $ 20 trade volume a major global crypto lol
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bathrobehero
Legendary
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Activity: 2002
Merit: 1051
ICO? Not even once.
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 07, 2015, 10:26:47 PM |
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Coinmarketcap is fine, you just have to click the Volume (24h) to sort coins in that order.
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Not your keys, not your coins!
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hack_
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 07, 2015, 10:54:16 PM |
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$7,967,960 marketcap with $23 trade volume.
Shows nicely why marketcap is nothing but a useless number in crypto.
Finally, someone who realizes that these figures are shit. in crypto liquidity is whats important.
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maki
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June 08, 2015, 12:19:47 AM |
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Nice. $23 volume. LOL. I can make a coin today, premine it, and set the price to whatever I want. Need an exchange? Yobit will list any crap. CoinMarketcap doesn't mean shit, unless you filter for premine and mineable. Their main list should not include all of the pre-mine junk (including Ripple). Non-mineable and premined filter is the only worthwhile CMC list. http://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/
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I collect and trade rare and lost cryptocurrencies and blockchains. Prefer fair launch/no premine, pre-2014 coins.
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spartak_t
Legendary
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Activity: 1960
Merit: 1176
@FAILCommunity
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 08, 2015, 06:10:53 AM |
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Nice. $23 volume. LOL. I can make a coin today, premine it, and set the price to whatever I want. Need an exchange? Yobit will list any crap. CoinMarketcap doesn't mean shit, unless you filter for premine and mineable. Their main list should not include all of the pre-mine junk (including Ripple). Non-mineable and premined filter is the only worthwhile CMC list.http://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/Why not filter Bitcoin too? There is nothing wrong with mining, it's fun and it is securing the network of the given coin.
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Trouble821
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 08, 2015, 02:00:10 PM |
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The chart looks like stairway to heaven da moon... ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I'm putting a screenshot of it here for posterity to show how easily a market cap can be manipulated by someone who holds a coin's entire distribution. Nobody can dump yet because the dev holds all the coins. He can buy a few dollars worth off himself at such high prices it pumps it to the top of coinmarketcap. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs7.postimg.org%2Fp99w5sq0b%2Fasset.png&t=663&c=whT2Um8IiEeDHQ) That also shows the importance of trading volume when evaluating the graphs and price movements of a coin. I wouldn't touch this piece of crap if I was any of you. It's gone down from place 10 to place 578 on coinmarketcap in the space of one day. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs21.postimg.org%2Fyvplkyhrb%2Fasset2.png&t=663&c=DRbIMyTwInIItg) They seem to have drastically changed the total number of coins available so the marketcap dropped right down. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs14.postimg.org%2Fosir6zd5t%2Fasset3.png&t=663&c=edbsAKKcQ8aUnA)
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shanem
Legendary
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Activity: 1344
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 08, 2015, 02:46:10 PM |
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This proves that any random shitcoin can go to the top ten of the market cap by increasing the number of coins to infinity. I am waiting for an altcoin to have a supply of quadrillions.
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Trouble821
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 08, 2015, 03:03:07 PM |
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This proves that any random shitcoin can go to the top ten of the market cap by increasing the number of coins to infinity. I am waiting for an altcoin to have a supply of quadrillions.
Cryptotarget's already done that. It has a coin supply of 100 quadrillion coins (100,000,000,000,000,000 CRT). The block reward is 4 Billion Coins (4,000,000,000 CRT) plus block height bonus. https://bitcointalk.org/index.php?topic=1078787.0A cap of one quadrillion would have been over the top, but 100 quadrillion is plain stupid. If someone pays one sat for one cryptotarget coin it will have a marketcap bigger than bitcoin.
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FurianSun
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 08, 2015, 03:57:17 PM |
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Market cap number is not really worth much of anything other than a nice reference number.
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