strawbs
Legendary
 Offline
Activity: 875
Merit: 1362
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January 11, 2018, 12:52:19 AM |
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Btc won't stop or won't go down because there is a big hunt for 1 trillion marketcap. At 1 trillion btc will be probably worth around 20-25k
These market caps are a joke. I can wipe millions of dollars of value from a shitcoin by dumping a few thousand dollars worth. Anytime you can move a market cap with 1000x leverage, the market cap is not real. Market cap has always been a useless indicator, not just in crypto but in more traditional markets too. Of course all of the coins/shares/commodity cannot be sold at the current price. I really wish there wasn't so much focus on market cap, it's such a meaningless figure. |
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Dabs
Legendary
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Activity: 3416
Merit: 1920
The Concierge of Crypto
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January 11, 2018, 01:05:59 AM |
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It's the only metric they have. When you have a large percentage in volume, then the marketcap can be "real", even though you know you can't sell it all. In Bitcoins case, there's about 4 million BTC that is never going to move; perhaps more.
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HairyMaclairy
Legendary
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Activity: 1442
Merit: 2284
Degenerate bull hatter & Bitcoin monotheist
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January 11, 2018, 01:25:10 AM |
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Is there any site that charts price velocity over time?
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HairyMaclairy
Legendary
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Activity: 1442
Merit: 2284
Degenerate bull hatter & Bitcoin monotheist
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January 11, 2018, 02:03:13 AM |
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Great thank you. Even if I feel dirty going there. |
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xhomerx10
Legendary
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Activity: 4396
Merit: 10528
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January 11, 2018, 02:14:11 AM |
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Great thank you. Even if I feel dirty going there. Just close your eyes and think of England. Works for me  |
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infofront (OP)
Legendary
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Activity: 2688
Merit: 3094
Shitcoin Minimalist
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January 11, 2018, 02:21:14 AM |
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cAPSLOCK
Legendary
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Activity: 4200
Merit: 6750
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January 11, 2018, 02:40:49 AM |
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What is that picture in that article? An old mother board with a memory module crammed in a pci slot and some burned up video card? |
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xhomerx10
Legendary
Offline
Activity: 4396
Merit: 10528
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January 11, 2018, 03:24:54 AM |
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bitserve
Legendary
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Activity: 2044
Merit: 1740
Self made HODLER ✓
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January 11, 2018, 03:30:41 AM |
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So congrats, and just fucking cash out a little more so you can keep riding this wave without remorses with the rest of your (huge) stash.
Ok. Extracted just north of $1M @ $14,500 USD/BTC. Once the wire hits my account, I'll load up for round 2. Great. Now you have also bought some additional time to reconsider your position and next steps... using only a small part of your stash. Wherever the price goes now you did the right thing in the path of balancing your portfolio and securing your (wealthy) retirement. |
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gentlemand
Legendary
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Activity: 2604
Merit: 3089
Welt Am Draht
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January 11, 2018, 03:51:00 AM |
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Let us slice out Korea, chuck it in a bucket and move on. It is even more irrelevant a market than China and run in an even ropier manner if that's possible.
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nikauforest
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January 11, 2018, 04:00:37 AM |
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I noticed Counterparty (XCP) on the BTC blockchain was up big time today. Any news? I bought some of these tokens years ago on my Counterwallet.
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Rosewater Foundation
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January 11, 2018, 04:02:44 AM |
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I feel like I just got viciously attacked in my sleep.  |
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lightfoot
Legendary
Offline
Activity: 3360
Merit: 2449
I fix broken miners. And make holes in teeth :-)
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January 11, 2018, 04:04:15 AM |
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Eh, shit happens.
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bitserve
Legendary
Offline
Activity: 2044
Merit: 1740
Self made HODLER ✓
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January 11, 2018, 04:06:31 AM |
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Phuck.
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gentlemand
Legendary
Offline
Activity: 2604
Merit: 3089
Welt Am Draht
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January 11, 2018, 04:07:58 AM |
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ivomm
Legendary
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Activity: 1929
Merit: 3319
All good things to those who wait
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January 11, 2018, 04:11:42 AM |
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Just woke up to see how on Bitfinex 6k 8K BTC were sold from 15K down to 13K in less than an hour and a half. This is not a normal trading. Someone desperately wants BTC to be stopped, but who? Cripple and Eth are going down, only bcash is up... hmmm. Ver is one of the suspects for sure. Or some whale with a low futures bid may be...  |
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