Market cap loss over last 3 days?

[FractalUniverse]

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

[panju1]

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

~$25 Bn. Coinmarketcap gives the aggregate market cap of the crypto world.
It has dropped from $85 Bn to $60 Bn, and it is still going down. 

http://coinmarketcap.com/charts/

[Xester]

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

This just implies that bitcoin is not yet distributed to millions of people it just means that majority of bitcoins are at the hands of the whale. Time will come when bitcoin  vastly distributed to holders there will be a stable trading just like gold.  And when that time comes bitcoin becomes a normal currency being used by the majority of the people in the world.

[FractalUniverse]

panju1: thanks for the link, interesting charts.

20-25% loss of total market cap is not that bad yet. looks like bitcoin returned back above 50% of market share, and biggest market share losers were litecoin and ripple.
So bitcoin seems to be coming out as relative winner from this crash.

Xester> it will take probably several  years. but if more people buy BTC for long term investment, supply of tradable coins on the market will become more dominated by trading whales. So maybe it needs to be not just distributed, but also much more widely used for buying stuff and other real life transactions.

[BitHodler]

Bitcoin's market cap dominance versus the rest (i.e. altcoin industry) doesn't say anything ~ from there Bitcoin hasn't lost anything, nor gained.

If you look at all the altcoins that have seen their market cap increase with billions of dollars, and look at how their actual usage is doing, then nothing has changed.

The slight increase of their transactions comes solely from the fact that people send coins from their wallet to an exchange, and vice versa. All usage is purely speculative.

[X-ray]

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

Looks all of the chart will rebound in this time, the bitcoin chart get green candle and more people will be trying to grab more bitcoin and make the market cap will increase again.
Don't worry all of that just common thing in crypto. It's always bounce

[Lancusters]

We see an example of speculation on the market of cryptocurrencies. I'm not going to pay attention to it. If there is no panic then the price will quickly return to 2000-2200 USD per 1 bitcoin. If the price will fall and then it will be a good opportunity to buy bitcoin and earn in the future.

[webtricks]

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

You can easily ascertain market cap on CoinMarketCap for every cryptocurrency over any period.
By the way, this can never happen in real economy because estimated market caps as we measure in case of cryptocurrencies won't happen in real world. In real world, market cap is actually backed by equivalent money suppose if we say market cap of Google is $40 billion, it actually means total asset worth of Google is $40B. That is the reason why we don't see volatility as of Bitcoin in real world.

[raven7886]

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

Last three days ? I am sorry I am watching down fall only yesterday and today. Moreover what is the significant of this discussions ? We are all well aware of how quickly bitcoins do bounce back usually and market capitalization are just number for any comparisons. This discussion may create panic with beginners, I believe we should give room for that.

Bitcoin is always bounce back in quick time. So, we never need to worry about recent down falls.

[Decoded]

Honestly, I hope the price drops more. The lower it is, the more stable it will be. There's no significant problems with Bitcoin at the moment besides the hype. We are having a price correction, and this will mean coins are even cheaper, for even longer. I'm personally waiting for a sub-$2000 price tag before buying a couple.

After a short period of stability, we will see stable growth, especially with the new positive news coming from miners and large Bitcoin players.

Who else is with me?

[Wandika]

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

Last three days ? I am sorry I am watching down fall only yesterday and today. Moreover what is the significant of this discussions ? We are all well aware of how quickly bitcoins do bounce back usually and market capitalization are just number for any comparisons. This discussion may create panic with beginners, I believe we should give room for that.

Bitcoin is always bounce back in quick time. So, we never need to worry about recent down falls.

Beginners may doubt now since they only invested on seeing the btc value this week,but soon they can realize that its part of btc every downfall will surely have arisen in time ,we just need to save more btc by then we can enjoy the hyoe again.

[megynacuna]

We see an example of speculation on the market of cryptocurrencies. I'm not going to pay attention to it. If there is no panic then the price will quickly return to 2000-2200 USD per 1 bitcoin. If the price will fall and then it will be a good opportunity to buy bitcoin and earn in the future.

That's precisely what's happening, it's gradually climbed beyond $2,200 and hopefully by Monday back to its peak or even better. I don't blame the panic sellers, they are mostly newbies and are easily misled by negative news in the media.

[raven7886]

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

Last three days ? I am sorry I am watching down fall only yesterday and today. Moreover what is the significant of this discussions ? We are all well aware of how quickly bitcoins do bounce back usually and market capitalization are just number for any comparisons. This discussion may create panic with beginners, I believe we should give room for that.

Bitcoin is always bounce back in quick time. So, we never need to worry about recent down falls.

Beginners may doubt now since they only invested on seeing the btc value this week,but soon they can realize that its part of btc every downfall will surely have arisen in time ,we just need to save more btc by then we can enjoy the hyoe again.

Yes, we must always work in favor of saving new innocent investors. Instead of showcasing some wired facts of bitcoin economics, we must focus on how quickly bitcoin may get back into another wave of appreciations which will be leading prices to reach $3000 and then $5000 levels.

Moreover, we may try explaining people about the advantages of trading bitcoins among these high fluctuations then they will start believing into bitcoins which might help them to keep their faith.

[Ayers]

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

no no you can't count marketcap loss like that because the marketcap is based on all the 16M coins, and the calculation is off, because only a little fraction of 16M coins is used in all the exchange, or you really think that investors are trading with 16 millions coins? this is stupid to think you know

[freebutcaged]

If I had a coin listed on yobit and then I was trading it with myself pumping it's price up to $100 and if it had a total supply of 1 coin then the market

Share for my coin would be $100 I hope now you understand what market share means, however if you look at the current market you'll see how

The dumpers a.k.a whales cashed out and dumped on unsuspected poor bastards, now they just hold some useless coins, if you are holding Bitcoins

then it's better if you keep holding them because unlike all the shitcoins you could actually sell later to profit on it.

[dothebeats]

panju1: thanks for the link, interesting charts.

20-25% loss of total market cap is not that bad yet. looks like bitcoin returned back above 50% of market share, and biggest market share losers were litecoin and ripple.
So bitcoin seems to be coming out as relative winner from this crash.

Xester> it will take probably several  years. but if more people buy BTC for long term investment, supply of tradable coins on the market will become more dominated by trading whales. So maybe it needs to be not just distributed, but also much more widely used for buying stuff and other real life transactions.

Afaik, ripple is a privately-held coin and most people only use it as an investment and no one really bothers much to use it like bitcoin. Aside from that, only a few services use ripple as a payment method since its true value is only for investing. All the money lost from altcoin would be converted to bitcoin soon.

[FractalUniverse]

no no you can't count marketcap loss like that because the marketcap is based on all the 16M coins, and the calculation is off, because only a little fraction of 16M coins is used in all the exchange, or you really think that investors are trading with 16 millions coins? this is stupid to think you know

do you really think that investors are trading with 5 billions of Apple shares? (for instance) this is stupid argument you know

and what about margin trading?

[yoseph]

Since the market is supported by no countries economy, it's understandable why it didn't cause any financial problems but it really bounced back almost immediately showing how strong it really is.

[Fortify]

I'd say the rise up to the recent peak was more staggering. Whenever you see those phenomenal price rises (100%+) it is natural to see a correction. People will get nervous when the peak starts dropping and there is a domino effect - landing around the $2,000 per bitcoin like right now is still a great thing.

[surus]

Total market capitalization of cryptoworld is still only a peanut compared to the even smallest sectors in finance. Even though the hype makes supporters to outrun themselves in the valuation of single projects, the general market will grow over time.