Torque
Legendary
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Activity: 3542
Merit: 5039
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BTC dominance is sinking and sinking.
I don't really like this.
Altcoins are thriving just as before the crash and it gets worst.
That's to be expected considering that there is only one Bitcoin and over a thousand altcoins. I don't really see an issue with that though, especially when considering that most altcoins are bound to eventually evaporate like dot com companies and the likes. Yeah, the % dominance thing on coinmarketcap is a complete farce. Since they count literally every new shitcoin they add to the list, then every time a shitcoin gets added to their listing, and then it wash trades a few coins up to a $1M market cap, Bitcoin's % dominance goes down. So '% dominance' is a meaningless metric now. There were 1000 coins listed in Jan 2017. There were 1400 coins listed in Nov. Now there are 1516. So 516 new shitcoins added in a year, and 116 new shitcoins added to coinmarketcap just in the last two months. What does that tell you?
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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BTCMILLIONAIRE
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February 10, 2018, 02:56:09 PM |
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BTC dominance is sinking and sinking.
I don't really like this.
Altcoins are thriving just as before the crash and it gets worst.
That's to be expected considering that there is only one Bitcoin and over a thousand altcoins. I don't really see an issue with that though, especially when considering that most altcoins are bound to eventually evaporate like dot com companies and the likes. Yeah, the % dominance thing on coinmarketcap is a complete farce. Since they count literally every new shitcoin they add to the list, then every time a shitcoin gets added to their listing, and then it wash trades a few coins up to a $1M market cap, Bitcoin's % dominance goes down. So '% dominance' is a meaningless metric now. There were 1400 coins listed in Nov. Now there are 1516. So 116 new shitcoins added to coinmarketcap in the last two months. What does that tell you? That Bitcoin has got to be one hell of a mighty beast to still have such a massive market share. The dominance metric should be removed or replaced though, perhaps only count the top 100 coins, or only coins that surpass a certain threshold.
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romneymoney
Full Member
Offline
Activity: 193
Merit: 117
HODL
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February 10, 2018, 02:56:27 PM |
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BTC dominance is sinking and sinking.
I don't really like this.
Altcoins are thriving just as before the crash and it gets worst.
That's to be expected considering that there is only one Bitcoin and over a thousand altcoins. I don't really see an issue with that though, especially when considering that most altcoins are bound to eventually evaporate like dot com companies and the likes. Yeah, the % dominance thing on coinmarketcap is a complete farce. Since they count literally every new shitcoin they add to the list, then every time a shitcoin gets added to their listing, and then it wash trades a few coins up to a $1M market cap, Bitcoin's % dominance goes down. So '% dominance' is a meaningless metric now. There were 1400 coins listed in Nov. Now there are 1516. So 116 new shitcoins added to coinmarketcap in the last two months. What does that tell you? I think that's a good fair point I hadn't considered before really. Many of these coins with small to mid "market caps" on cmc are probably worth a fraction of the reported value. I don't think it necessarily applies to the larger cap coins though. If you remove the "other" from the chart it's still a fairly major chunk of dominance that has shifted.
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BTCMILLIONAIRE
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February 10, 2018, 02:59:56 PM |
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BTC dominance is sinking and sinking.
I don't really like this.
Altcoins are thriving just as before the crash and it gets worst.
That's to be expected considering that there is only one Bitcoin and over a thousand altcoins. I don't really see an issue with that though, especially when considering that most altcoins are bound to eventually evaporate like dot com companies and the likes. Yeah, the % dominance thing on coinmarketcap is a complete farce. Since they count literally every new shitcoin they add to the list, then every time a shitcoin gets added to their listing, and then it wash trades a few coins up to a $1M market cap, Bitcoin's % dominance goes down. So '% dominance' is a meaningless metric now. There were 1400 coins listed in Nov. Now there are 1516. So 116 new shitcoins added to coinmarketcap in the last two months. What does that tell you? I think that's a good fair point I hadn't considered before really. Many of these coins with small to mid "market caps" on cmc are probably worth a fraction of the reported value. I don't think it necessarily applies to the larger cap coins though. If you remove the "other" from the chart it's still a fairly major chunk of dominance that has shifted. If you watch the charts very regularly you'll notice wash traded coins popping up and disappearing on a quite frequent basis. Part of me wants to just throw small bucks at every shitcoin just to sell the washed up pumps, but that gambling part of me can't compete with the part that seeks predictable metrics of value. I also don't feel like supporting their scammy little shit games just to turn some extra profits.
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El duderino_
Legendary
Online
Activity: 2492
Merit: 11985
BTC + Crossfit, living life.
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February 10, 2018, 03:01:05 PM |
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For me, bitcoin is the shitcoin. First of its kind, but useless. There is better coins for everything on the market. As soon as other coins will be traded agains USD instead of BTC, BTC will be dead.
Mmmm then go too Some alt threat or something
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Torque
Legendary
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Activity: 3542
Merit: 5039
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February 10, 2018, 03:03:52 PM Last edit: February 10, 2018, 03:39:32 PM by Torque |
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I think that's a good fair point I hadn't considered before really. Many of these coins with small to mid "market caps" on cmc are probably worth a fraction of the reported value. I don't think it necessarily applies to the larger cap coins though. If you remove the "other" from the chart it's still a fairly major chunk of dominance that has shifted.
The whole thing is just stupid. I could create a shitcoin today with a trillion coins (which I pre-mine 99.99% of them), wash trade one coin on an exchange for $1, and voilà my shitcoin has a $1T market cap and be #1 on the cmc listing.
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conspirosphere.tk
Legendary
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Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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February 10, 2018, 03:20:12 PM |
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Here come the bears. HODL!
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BTCMILLIONAIRE
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February 10, 2018, 03:23:06 PM |
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When did CMC re-add Korean exchanges to the average calculations?
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El duderino_
Legendary
Online
Activity: 2492
Merit: 11985
BTC + Crossfit, living life.
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Breaking 24777$ prediction game FINAL LIST 27/12/2017 bikerleszno 29/12/2018 cAPSLOCK 30/12/2017 digithusiast 31/12/2017 Raja_MBZ 01/01/2018 elg 02/01/2018 wachtwoord 03/01/2018 JimboToronto 04/01/2018 d_eddie 05/01/2018 BTCMILLIONAIRE 06/01/2018 HanvanBitcoin 07/01/2018 ghandi 08/01/2018 savetherainforrest 09/01/2018 explorer 10/01/2018 bicoinpsycho 11/01/2018 Bitcoinaire 12/01/2018 speedwheel 13/01/2018 undeadbitcoiner 14/01/2018 northypole 15/01/2018 ivomm 16/01/2018 maca068 17/01/2018 bitcoinvest 18/01/2018 last of the v8s 19/01/2018 mfort312 20/01/2018 1982dre 21/01/2018 flamast2 22/01/2018 RealMachasm 23/01/2018 willope 24/01/2018 kartala 25/01/2018 orpington 26/01/2018 rolling 27/01/2018 LFC_bitcoin 28/01/2018 jojo69 29/01/2018 CristiTCM 30/01/2018 rayX12 31/01/2018 realsteelboy 01/02/2018 twocorn 02/02/2018 mancroofer 03/02/2018 True Myth 04/02/2018 poolminor 05/02/2018 itod 06/02/2018 scheptan 07/02/2018 vapourminer 08/02/2018 alexeft 09/02/2018 siera 10/02/2018 AlcoHoDL 11/02/2018 Dunkelheit667 12/02/2018 yonton 13/02/2018 Wekkel 14/02/2018 Thekool1s 15/02/2018 starmman 16/02/2018 Globb0 17/02/2018 leveldkrypto 18/02/2018 olesh 19/02/2018 BitCoinBurger 20/02/2018 Paashaas 21/02/2018 flynn 22/02/2018 icygreen 23/02/2018 erisdiscordia 24/02/2018 phil_s 25/02/2018 sirazimuth 26/02/2018 Arriemoller 27/02/2018 yonton 28/02/2018 Muttley 01/03/2018 bones261 02/03/2018 heater 03/03/2018 soullyG 04/03/2018 InvoKing 05/03/2018 Notme 06/03/2018 sa_94 07/03/2018 NUFCrichard 08/03/2018 Imbatman 09/03/2018 Roombot 10/03/2018 STT 11/03/2018 badream 13/03/2018 erre 14/03/2018 julian071 15/03/2018 podyx 17/03/2018 fragout 18/03/2018 fabiorem 21/03/2018 dakustaking76 23/03/2018 nikauforest 31/03/2018 vroom 01/04/2018 somac. 02/04/2018 kurious 04/04/2018 fluidjax 05/04/2018 bitcoinbunny 08/04/2018 tyler1890 10/04/2018 ludwigvon 11/04/2018 hairymaclairy 16/04/2018 practicaldreamer 18/04/2018 free-bit.co.in 27/04/2018 drbrockoin 01/05/2018 sprinkles 02/06/2018 oblox 07/07/2018 IntroVert 03/08/2018 toxic2040 28/08/2018 bitserve 15/10/2018 Yefi 05/11/2018 mikenz 31/12/2018 melman2002 01/01/2019 Spaceman_Spiff_Original 12/02/2019 FractalUniverse 21/04/2019 gentlemand 20/02/2020 romneymoney 18/12/2021 luckygenough56 UPDATE AND GOOD LUCK !!! BITCOIN?? Just ———-> hodl that shit keep innovating/ adapting/ learning/buying/ not panicing/decentralize and So on ......... And get quick @24777 Just for new future list games getting bored on This one And Some say same old shit please like NEXT 24 h are critical or .......
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bitcoinPsycho
Legendary
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Activity: 2464
Merit: 2064
$120000 in 2024 Confirmed
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February 10, 2018, 03:52:52 PM |
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the next 10 years are critical
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cAPSLOCK
Legendary
Offline
Activity: 3738
Merit: 5127
Whimsical Pants
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February 10, 2018, 03:56:00 PM |
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The next few hours may also be interesting...
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BTCMILLIONAIRE
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February 10, 2018, 04:09:11 PM |
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There aren't all that many days in crypto that aren't interesting.
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bitserve
Legendary
Offline
Activity: 1820
Merit: 1464
Self made HODLER ✓
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February 10, 2018, 04:11:14 PM |
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Breaking 24777$ prediction game FINAL LIST [...] UPDATE AND GOOD LUCK !!! BITCOIN?? Just ———-> hodl that shit keep innovating/ adapting/ learning/buying/ not panicing/decentralize and So on ......... And get quick @24777 Just for new future list games getting bored on This one And Some say same old shit please like NEXT 24 h are critical or ....... I think the game will become very exciting again as much as we are closer to the target price. It's funny that even if the prize is worth a VERY considerable amount (more so when the price is reached) many people would prefer someone else to win if that means we reach the price sooner than our expected date. To put things in perspective, when the prize is claimed, it will have a worth in FIAT of more than $6000USD!... And everyone will be enjoying the party, probably still celebrating having broken $20K just a few days/weeks before. Really anxious for that day to come
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STT
Legendary
Offline
Activity: 3892
Merit: 1413
Leading Crypto Sports Betting & Casino Platform
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When did CMC re-add Korean exchanges to the average calculations?
Korea represents a large amount of volume by the people but I dont know about the exchanges. Maybe they did a deal between exchanges, a forthcoming authorised tie up after the recent CFTC surprise I think that's a good fair point I hadn't considered before really. Many of these coins with small to mid "market caps" on cmc are probably worth a fraction of the reported value. I don't think it necessarily applies to the larger cap coins though. If you remove the "other" from the chart it's still a fairly major chunk of dominance that has shifted.
The whole thing is just stupid. I could create a shitcoin today with a trillion coins (which I pre-mine 99.99% of them), wash trade one coin on an exchange for $1, and voilà my shitcoin has a $1T market cap and be #1 on the cmc listing. If this was stocks similarly this could happen however it never does because its so obviously a mistake. The only possibility is very short term inaccuracies which are noticed by the market and adjusted naturally by arbitrage. Such as BP stock is listed in New York and London (both holders are equal to each other) but obviously these two times of trading vary. Especially with large moves inaccuracy can occur which falsely lists the company value, traders will step in short sell mis-attributed value. The example you give cannot happen or should not because the market capital only relates to floated stock. If Bill Gates owns 10% of the company and its the same stock he held since the 1980's then its not part of the market cap. Same should apply to Bitcoin really, if the address is never used then its not part of the fairly rapid monetary velocity which makes up Bitcoin value. That guy who lost his laptop in a landfill doesnt count as value, theres HODL and theres lost to any practical use forever so clearly he and that address should not be popping up on TV screens as 'the value of:' So I assume all of Satoshi's money is quoted every time Bitcoin is discussed. We know he is never coming back to trade that though, the ironic effect if Satoshi did return I believe would be a drop in price. Just the new weight or equation of greater supply to the same demand. It might also be a positive of course longer term. Price is rebounding from an upper trend to the channel from ATH I think
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romneymoney
Full Member
Offline
Activity: 193
Merit: 117
HODL
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February 10, 2018, 04:16:48 PM |
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Breaking 24777$ prediction game FINAL LIST [...] UPDATE AND GOOD LUCK !!! BITCOIN?? Just ———-> hodl that shit keep innovating/ adapting/ learning/buying/ not panicing/decentralize and So on ......... And get quick @24777 Just for new future list games getting bored on This one And Some say same old shit please like NEXT 24 h are critical or ....... I think the game will become very exciting again as much as we are closer to the target price. It's funny that even if the prize is worth a VERY considerable amount (more so when the price is reached) many people would prefer someone else to win if that means we reach the price sooner than our expected date.To put things in perspective, when the prize is claimed, it will have a worth in FIAT of more than $6000USD!... And everyone will be enjoying the party, probably still celebrating having broken $20K just a few days/weeks before. Really anxious for that day to come Damn straight. I am on there for 2 years + 10 days from now. Would love to be very wrong.
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STT
Legendary
Offline
Activity: 3892
Merit: 1413
Leading Crypto Sports Betting & Casino Platform
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February 10, 2018, 04:19:52 PM |
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^^ Right now I would be very surprised to be correct in any March date. I should have added 6 months, same thinking just a rebuild takes longer to clear the previous debris. I think we'd rise faster to 24k then if we had never been close, kinda counter intuitive
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El duderino_
Legendary
Online
Activity: 2492
Merit: 11985
BTC + Crossfit, living life.
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February 10, 2018, 04:20:18 PM |
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Breaking 24777$ prediction game FINAL LIST [...] UPDATE AND GOOD LUCK !!! BITCOIN?? Just ———-> hodl that shit keep innovating/ adapting/ learning/buying/ not panicing/decentralize and So on ......... And get quick @24777 Just for new future list games getting bored on This one And Some say same old shit please like NEXT 24 h are critical or ....... I think the game will become very exciting again as much as we are closer to the target price. It's funny that even if the prize is worth a VERY considerable amount (more so when the price is reached) many people would prefer someone else to win if that means we reach the price sooner than our expected date.To put things in perspective, when the prize is claimed, it will have a worth in FIAT of more than $6000USD!... And everyone will be enjoying the party, probably still celebrating having broken $20K just a few days/weeks before. Really anxious for that day to come Damn straight. I am on there for 2 years + 10 days from now. Would love to be very wrong. Believe me i also do not wanna post This list for 2 years +10 days or more anymore....
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El duderino_
Legendary
Online
Activity: 2492
Merit: 11985
BTC + Crossfit, living life.
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February 10, 2018, 04:23:24 PM |
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I think the game will become very exciting again as much as we are closer to the target price. It's funny that even if the prize is worth a VERY considerable amount (more so when the price is reached) many people would prefer someone else to win if that means we reach the price sooner than our expected date. To put things in perspective, when the prize is claimed, it will have a worth in FIAT of more than $6000USD!... And everyone will be enjoying the party, probably still celebrating having broken $20K just a few days/weeks before. Really anxious for that day to come [/quote] Very true i also think When Closing in on the price iT Will be FUN
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oblox
Legendary
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Activity: 1442
Merit: 1018
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February 10, 2018, 04:24:40 PM |
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The example you give cannot happen or should not because the market capital only relates to floated stock. If Bill Gates owns 10% of the company and its the same stock he held since the 1980's then its not part of the market cap. Same should apply to Bitcoin really, if the address is never used then its not part of the fairly rapid monetary velocity which makes up Bitcoin value. That guy who lost his laptop in a landfill doesnt count as value, theres HODL and theres lost to any practical use forever so clearly he and that address should not be popping up on TV screens as 'the value of:'
As it relates to equity market cap, traditional market cap is simply outstanding shares x market price... what you are referring to is float-adjusted market cap. Generally speaking, indexes are float-adjusted, example, the S&P 500, whereas individual company market caps aren't. This obviously depends on the data provider but in most cases you are simply seeing OS x MP.
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El duderino_
Legendary
Online
Activity: 2492
Merit: 11985
BTC + Crossfit, living life.
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February 10, 2018, 04:54:08 PM |
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BTC other direction ——->>> Thanks
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