Market cap loss over last 3 days?

[Mr]

people believe that they have earned a good profit from bitcoin and altcoin and they decided to sell all to get fiat. It caused a chain which makes panic people sell all their bitcoin. Anyhow, no need to worry, bitcoin will soon increase its prices

[ethereumhunter]

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.

unfortunately, bitcoin is only in internet so far and its not affect in the real world too serious but maybe if bitcoin is really used by all country, it can give big affect for the 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

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?

maybe its true that investors are trading with 5 billions of apple shares because we don't know what is the true with the news in out there and we only see the things that happen in market exchange. actually i don't know about margin trading and i think its too dangerous for me to play margin trading, its really need big capital to make good profit.

[Mometaskers]

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.

But wouldn't that take even much longer to happen now, considering that even after this dump, prices are still much higher than a few months ago? A large number of "independent holders" are people from poorer countries working abroad and using bitcoin to send remittances, buying a few bits every now and then. The increased transaction fee has already put off some and it's becoming even more unlikely they'll be buying some more with that rate.

[Iranus]

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

market share
noun
the portion of a market controlled by a particular company or product.

So that's not the market share of anything, it's the market cap, which is unrelated.  Bitcoin's market share is a percentage of the total cryptocurrency market (which counts pseudo-cryptocurrencies like Ripple), while its market cap is a consistent number, which is just the supply multiplied by the price.

Furthermore, there are several inherent flaws in the concept of market caps for currencies, including:

-Not all of these coins are actually traded, and it's difficult to compare how much the total supply would actually be worth.  If I held all of the ETH in existence and I tried to sell it, I wouldn't actually get ETH's market cap for it - far from it.

-The scenario of having one coin on an exchange and selling it could be the same if the coin had an extremely high supply.  Say that the altcoin Devs hold a majority of the coins like Ripple - then the market cap becomes meaningless because not all of it is available.

I could equally create an altcoin with a supply of ten octillion and list it on YoBit (shouldn't be too hard).  I sell one to myself for 100 dollars and boom, the market cap is one nonillion.  Not too hard, was it?

[krisnt80]

This has nothing with global economy, its just a bad day day might turn into a bad week for trading, but in the general people does make money no matter the market cap at all, crypto is different other investments, with that said dont worry with those, because crypto started with few buck and now is worthing bilions.

[szpalata]

This has nothing with global economy, its just a bad day day might turn into a bad week for trading, but in the general people does make money no matter the market cap at all, crypto is different other investments, with that said dont worry with those, because crypto started with few buck and now is worthing bilions.

Yes and I think the loss was inevitable so we shouldn't ride on these market gymnastics to predict doom for Bitcoin because in no time theprices will recover again and hopefully the trading maker cap will pick up too.

[stompix]

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 it is not that big as you think.
The British pound lost close to 30% against the euro last year.
If we stretch the numbers we can get close.

Was the fall of the sterling a disaster for the global economy?
If it was I missed it.

And let's not even compare the two of them.

[megynacuna]

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 it is not that big as you think.
The British pound lost close to 30% against the euro last year.
If we stretch the numbers we can get close.

Was the fall of the sterling a disaster for the global economy?
If it was I missed it.

And let's not even compare the two of them.

So if the British pound lost more than 30% of its value does it mean we should neglect Bitcoin's loss of market cap? So why don't you want us to compare the two of them?

[stompix]

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 it is not that big as you think.
The British pound lost close to 30% against the euro last year.
If we stretch the numbers we can get close.

Was the fall of the sterling a disaster for the global economy?
If it was I missed it.

And let's not even compare the two of them.

So if the British pound lost more than 30% of its value does it mean we should neglect Bitcoin's loss of market cap? So why don't you want us to compare the two of them?

Because bitcoin is counted in billions and the pound if we refer only to the m3 in trilions.
Bitcoin does 300k transaction a day , the pound ... well there are 60 millions british who pay daily with the sterling.
Bitcoin is represented by a few millions userbase , the pound by a g7 country with nuclear weapons.

Should I keep going?

[avikz]

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.

True! the decrease in market cap in the real economy would have been disaster but in crypto market it means profit booking and happy customer. So the game is different here than the real world economy.

We have seen a huge increase in the market cap of most of the major cryptos in last week as people were investing heavily. Now that they have reached their profit goal, they are just pulling up their investment to book profit and again investing in lower price with the hope of the higher price again. But they are only a minor numbers of the investors. Most of the bitcoin investors like me, think of long term and hence they are invested in bitcoin since more than a year which make the difference.

[ktabb]

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 would not mean an epic disaster for the global economy at all. Billions are added to or lost from the stock market on a daily basis. Crypto is still tiny and insignificant compared to most stock investments, and a loss of that amount would not even make a blip in the s&p 500 or DJIA. All that said, it's no surprise that bitcoin crashed from $2800 to $2000 and had a rebound to roughly $2300 now. It was well overdue for a correction. I think it is still on its way up in a bubble, but not yet at its peak. I think it will crash somewhere around $5k, but possibly higher. However, I would be very surprised if it went significantly past $8k, which would reflect a larger bubble than the one we saw in 2013.

[stompix]

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.

True! the decrease in market cap in the real economy would have been disaster but in crypto market it means profit booking and happy customer. So the game is different here than the real world economy.
 

Not true at all.
The "market cap"  of S&P 500 is 21 trillions,  a 1% change means 210 billlions or 3 times all the market cap of all altcoins and bitcoin combined.
Throw in another 4 trillions for dow and a few trillions for FTSE.

In the dark week of the 2015 the us markets alone lost 2.1 trillions.
And there was no global disaster.

Brexit wiped off another 2 trilions.
And still nothing.

[malev]

$4bn in bitcoin i think. but to be honest that is rather profit taking. I would hope to see bitcoin back up around 3k per coin.

[olushakes]

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.

The losses you are referring to is not a real one rather a nominal one so it does not really change anything and the reason is because for example if I bought at $2600+ but now it has fallen to $2200+, in the face value, I have made a loss but in the real sense I haven't because the coin is still in my wallet which makes it unrealized gain. And the realized loss that was made, the gain on that was not made by people in mars just same traders who happened to be there at the time to buy low.

[BitFinnese]

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.

The losses you are referring to is not a real one rather a nominal one so it does not really change anything and the reason is because for example if I bought at $2600+ but now it has fallen to $2200+, in the face value, I have made a loss but in the real sense I haven't because the coin is still in my wallet which makes it unrealized gain. And the realized loss that was made, the gain on that was not made by people in mars just same traders who happened to be there at the time to buy low.

Well market capitalization is all about the market value of total coins, we cannot compare it to the quantity of coins we bought and the quantity of coin we are holding during the fall of value of that coins.  The decrease of bitcoin market capitalization simply means the value of bitcoin we are holding is getting lesser and it do matter if we aim to get profit when the value of coin increase.

[matrix zion]

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.

Why the "if"? ^^
It happens. And a lot.
And on real life goods and supplies, especially raw materials.
But you'll always see the traders and their dogs saying that "it's just the market" and that traders aren't at fault in any way because "without us there would be even more volatility" ahah

Sure
Because there is a rational explanation for 20% of loss of money invested in something that hasn't changed the slightest in the last couple months...

[Pettuh4]

$4bn in bitcoin i think. but to be honest that is rather profit taking. I would hope to see bitcoin back up around 3k per coin.

That's what we are all hoping for but the loss on the market cap seems to be making the news instead. Bitcoin has started recovering from the supposed dump and very soon we will head into higher heights.

[potatopower]

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.

I am pretty sure at the peak it was almost 90 billion dollars, while right now it is almost 80, so it wasn't too much compared to the fact that it went up from like 40 billion a few weeks back. To be honest I have no ideas how that much money can get into crypto that fast, the adoption can't be that massive and fast, there must something else be happening though I am afraid that the thing that is happening can bring the end of all the cryptocurrencies. Let's hope I'm wrong though. Also the thing that I noticed is that bitcoin gains back it's dominance, coming at 47% now while it was like 43% at one point.

[Weatherby]

This has nothing with global economy, its just a bad day day might turn into a bad week for trading, but in the general people does make money no matter the market cap at all, crypto is different other investments, with that said dont worry with those, because crypto started with few buck and now is worthing bilions.

Since we are seeing big time investors may be there is a link between global stock market and the alt coin market,people might book their profits in the alt coin market if they see a heavy correction in stock market so that they could buy some stocks at a lower price and average the entry point,who knows ,things are changing here as we are seeing huge investments coming into the alt coin market.

[CARrency]

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.

And hey, it is not happening in real world's market so don't need to be afraid. Market cap might be a big number, but the price are still good for me, especially bitcoin. It lost a $4 billion in market because of the price correction but it is still good. It may be a disaster in real world, but luckily it is the virtual world.