this is just sad

[nutildah]

Its not sad, it just means that there's more coins out there now.

[andyatcrux]

market cap is a meaningless number

i can create an alt tomorrow with 5trill coins.. get just 1 coin on an exchange and sell it to myself for $1.. and instantly my alt is market capped at $5trillion...

there are NOT $25billion fiat sitting around in bank accounts ear-marked to back the entire cryptocoin market.

anyone can make the market cap spiral up to trillions just by using small numbers.

this is partially true, there is no way to figure the exact amount of oney sitting in all the exchange, maybe they are not 16B like the bitcoin marketcap, but they are not only millions either

last time i've checked all exchange combined are sitting on a large amount of bitcoin, more than millions in number, so the real marketcap is not so far away from the one reported in coinmarketcap

It is completely flawed logic. Marketcap matters in congruence with market Volume. If the average holder can get their buy/sell orders filled at the asking price you have a real market. Furthermore, the average user should be able to sell all their holding without moving the market much if at all. Good luck selling 5 trillion coins at $1 a piece. There are many shitcoins out there where whales have socked away most of the coins and then conduct pump and dumps. In that case, I do agree, paying attention to marketcap would be unwise.

[Dorky]

In my opinion (everyone is entitled to his without solicitation, and that's acceptable as long as the opinion is not complete junk)...
1. The reason why people are buying Dash and Ethereum is not because Dash and Ethereum are better than Bitcoin, but because their prices are rallying. If the prices are not rallying, who would care if Dash and Ethereum are better (no, they are not). To say that Dash and Ethereum are better because of so and so is just finding justifications for buying into them.
2. The destiny/future/outcome of Bitcoin depends very much on the Powers That Be, specifically what the VC that invests $75 mil in Blockstream, wants for Bitcoin. Function as currency? Function as payment layer? I believe even if Bitcoin ultimately functions as just a payment layer, its investment prospect remain extremely large. Considering the fact that Core developers said transaction fee of $100 can be possible, this statement we can put into perspective on what the future value of Bitcoin could be. If transaction fee is fixed at 20,000 satoshis and this is equivalent to $100 (or maybe $50), then what may be the price of 1 Bitcoin in the future? $500,000 (or $250,000 for $50 fee)? This could be possible simply because if the price of Bitcoin does not follow the transaction fee, then NOBODY would use Bitcoin and the transaction fee of $100 would not even materialize. For it to materialize the price of Bitcoin will need to be at astronomical level for the whole thing to be commercially viable.

[jonald_fyookball]

In my opinion (everyone is entitled to his without solicitation, and that's acceptable as long as the opinion is not complete junk)...
1. The reason why people are buying Dash and Ethereum is not because Dash and Ethereum are better than Bitcoin, but because their prices are rallying. If the prices are not rallying, who would care if Dash and Ethereum are better (no, they are not). To say that Dash and Ethereum are better because of so and so is just finding justifications for buying into them.
2. The destiny/future/outcome of Bitcoin depends very much on the Powers That Be, specifically what the VC that invests $75 mil in Blockstream, wants for Bitcoin. Function as currency? Function as payment layer? I believe even if Bitcoin ultimately functions as just a payment layer, its investment prospect remain extremely large. Considering the fact that Core developers said transaction fee of $100 can be possible, this statement we can put into perspective on what the future value of Bitcoin could be. If transaction fee is fixed at 20,000 satoshis and this is equivalent to $100 (or maybe $50), then what may be the price of 1 Bitcoin in the future? $500,000 (or $250,000 for $50 fee)? This could be possible simply because if the price of Bitcoin does not follow the transaction fee, then NOBODY would use Bitcoin and the transaction fee of $100 would not even materialize. For it to materialize the price of Bitcoin will need to be at astronomical level for the whole thing to be commercially viable.

$100 fee? quite dubious.  who would pay $100 when there's so much competition that is orders of magnitude cheaper?

[xypos]

http://coinmarketcap.com/charts/#btc-percentage

Yeah, a lot of people have moved their wealth into altcoins recently which is really quite saddening to see as a bitcoin believer.

However, i am actually thinking of doing the same myself because I cannot cop the suspense of the price. I don't have that many bitcoins but i do have a little at least that i care about, as it is still hard earned money.

I'm going to probably try buying a few Ethereum just to hedge against the fork.

But anything that is 70% or less for bitcoin dominance, means something is wrong.

[Text]

It is not yet the end, I'm still and will always be a bitcoin believer. That is just for now and I know it will recover again. Don't be sad because sometimes it really happens. Just have faith on it, those user who are shifting will go back to BTC.