stompix (OP)
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July 16, 2017, 03:03:36 PM |
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Data from the last 24h:
Total market cap of bitcoin and some unnamed shitcoins in last 24 hours 72 billions > 64 billions 24 hours trade volume 3 billions(including trading between shitcoins)
Even assuming all the volume was from sold coins the market cap went down 3 times more.
So everybody concern with the fall in market cap and billions evaporated please take a break and breath. There is no Armageddon happening, no whales running with billions, no Chinese mafioso withdrawing trillions from the market.
There are 1 million coins with 100$ price. I sell 1000 coins and the market cap drops to 99$. I pulled out 100 000$ but the market cap dropped by 1 million.
Marketcap is irrelevant.
And this should scare the shit out of people who invested in coins based on their rank on coinmarketcap.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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webtricks
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July 16, 2017, 04:03:18 PM |
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Data from the last 24h:
Total market cap of bitcoin and some unnamed shitcoins in last 24 hours 72 billions > 64 billions 24 hours trade volume 3 billions(including trading between shitcoins)
Even assuming all the volume was from sold coins the market cap went down 3 times more.
So everybody concern with the fall in market cap and billions evaporated please take a break and breath. There is no Armageddon happening, no whales running with billions, no Chinese mafioso withdrawing trillions from the market.
There are 1 million coins with 100$ price. I sell 1000 coins and the market cap drops to 99$. I pulled out 100 000$ but the market cap dropped by 1 million.
Marketcap is irrelevant.
And this should scare the shit out of people who invested in coins based on their rank on coinmarketcap.
Although its true enough but it would be wrong to say that people shouldn't worry about drop in market cap. There is hardly any person who track the total cap of coins on CoinMarketCap, he/she is only concern to price and units hold by him/her. Also whenever there is significant fall in any coin, market cap shows real value of tokens at the moment no matter if fall was due to less units or more than estimated value of coin. So suppose I sold 1 BTC for $1800 which brings down BTC price to $1800 then it is true that present BTC value is 1800xtotal BTC until and unless someone raise the price by selling additional unit.
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DaMut
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 16, 2017, 04:15:19 PM |
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Data from the last 24h:
Total market cap of bitcoin and some unnamed shitcoins in last 24 hours 72 billions > 64 billions 24 hours trade volume 3 billions(including trading between shitcoins)
Even assuming all the volume was from sold coins the market cap went down 3 times more.
So everybody concern with the fall in market cap and billions evaporated please take a break and breath. There is no Armageddon happening, no whales running with billions, no Chinese mafioso withdrawing trillions from the market.
There are 1 million coins with 100$ price. I sell 1000 coins and the market cap drops to 99$. I pulled out 100 000$ but the market cap dropped by 1 million.
Marketcap is irrelevant.
And this should scare the shit out of people who invested in coins based on their rank on coinmarketcap.
Although its true enough but it would be wrong to say that people shouldn't worry about drop in market cap. There is hardly any person who track the total cap of coins on CoinMarketCap, he/she is only concern to price and units hold by him/her. Also whenever there is significant fall in any coin, market cap shows real value of tokens at the moment no matter if fall was due to less units or more than estimated value of coin. So suppose I sold 1 BTC for $1800 which brings down BTC price to $1800 then it is true that present BTC value is 1800xtotal BTC until and unless someone raise the price by selling additional unit. Actually there're no wrong and right(relevant or not), Everybody have their own concern regarding problem/situation and vision,some people using market cap for their tool and for some people they used sentiment.but none of them're wrong,because everything can be happen in cryptoworld.market cap created to monitoring price for every coin/project and many people use it to make a preparation and action,but you can see low cap coin had a good action. But for me,a change in market cap only show that 'something' will happen soon,which is will lead for further action
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Yakamoto
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July 16, 2017, 04:19:45 PM |
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Data from the last 24h:
Total market cap of bitcoin and some unnamed shitcoins in last 24 hours 72 billions > 64 billions 24 hours trade volume 3 billions(including trading between shitcoins)
Even assuming all the volume was from sold coins the market cap went down 3 times more.
So everybody concern with the fall in market cap and billions evaporated please take a break and breath. There is no Armageddon happening, no whales running with billions, no Chinese mafioso withdrawing trillions from the market.
There are 1 million coins with 100$ price. I sell 1000 coins and the market cap drops to 99$. I pulled out 100 000$ but the market cap dropped by 1 million.
Marketcap is irrelevant.
And this should scare the shit out of people who invested in coins based on their rank on coinmarketcap.
Ah, but you see, there is no point investing in the top 25 (or 50) coins since the market cap is too high and it is unlikely someone will come along and pump the value by buying the shitcoin. That's why you always keep your alts way out of charts and invest in ICOs or other coins that are targets for pumps on other websites. It's fine by me though, it's not like I have a stake in the market for right now. Let people invest how they may, there will always be bagholders and there's nothing that can be done about something like that.
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stompix (OP)
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July 16, 2017, 04:30:52 PM |
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market cap created to monitoring price for every coin/project and many people use it to make a preparation and action,but you can see low cap coin had a good action.
But for me,a change in market cap only show that 'something' will happen soon,which is will lead for further action
Market cap created the perfect tool to attract newbies by artificially inflating the numbers. They mine 1 million coins they release a thousand in reality which they can buy for 10$ a piece. And suddenly that crapcoin has a 10 million market cap and noobs flock. And in one week time most of them get fleeced.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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CowboyKiller
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 16, 2017, 04:45:47 PM |
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With me market cap just is a tool for check the price of crypto in this time low, high or stable. It not prove the crypto market have signal recovery the price, maybe can do that but slowly than 24h Volume! But I not check 24h Vol with market cap, check in exchange site the altcoin I follow better than coinmarketcap
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Idrisu
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July 16, 2017, 04:49:26 PM |
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I have noticed this also and I think market capitalization from https:// coinmarketcap.com is not much relevant to the way bitcoin price is dropping currently. I think we have this experience some months ago when we have this same hard forks issues. I will still said people should stop selling their coin out of panic because their will lose and the skills traders will buy and still sell for profit later.
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Yakamoto
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July 16, 2017, 04:56:24 PM |
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I have noticed this also and I think market capitalization from https:// coinmarketcap.com is not much relevant to the way bitcoin price is dropping currently. I think we have this experience some months ago when we have this same hard forks issues. I will still said people should stop selling their coin out of panic because their will lose and the skills traders will buy and still sell for profit later.
Based on the slip in the market, however, selling now and buying later is a far better choice since you end up with more Bitcoin in your pocket, assuming that the price keeps going down after you sell, and you buy later when the price of Bitcoin is lower. Sure it comes with some risks, but selling now isn't as bad as you may think it is. I know this is something I'm doing, and I'm already reaping the rewards of selling a while ago. Now I just wait for it to either plateau at a bottom or slowly start inching back up, either way I have a lot of time.
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Iranus
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July 16, 2017, 08:40:06 PM |
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This is mainly to do with altcoins. The smaller coins tend to get amplified market caps, because there is very little liquidity. There are coins on YoBit where the market cap can shift by tens of thousands with a volume of just a couple of hundred dollars.
So when BTC's dominance is "decreasing", its actual dominance in terms of money that has been put in remains quite high.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Hydrogen
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July 16, 2017, 10:42:42 PM |
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Imagine you own a rock that is worth $2,500. A few days later the same rock is valued at $1,800. It is clear the value of your holdings has decreased. I don't see what's "irrelevent" about that. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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stompix (OP)
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July 16, 2017, 10:47:11 PM |
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Imagine you own a rock that is worth $2,500. A few days later the same rock is valued at $1,800. It is clear the value of your holdings has decreased. I don't see what's "irrelevent" about that. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) And the value of the rocks has decreased because somebody has sold rocks x usd worth ? Your example lacks everything. What was the market cap of the rocks? How many rocks were sold? It only proves exactly my point. The value of the unit is relevant not the market cap.
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mcman
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July 16, 2017, 10:48:29 PM |
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Imagine you own a rock that is worth $2,500. A few days later the same rock is valued at $1,800. It is clear the value of your holdings has decreased. I don't see what's "irrelevent" about that. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Its not irrelevant, people just want to rationalize that they aren't really losing as much money as they really are.
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BigBall
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July 16, 2017, 10:55:48 PM |
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I will buy bitcoin when it reach less than 1000$ because now panic started and many persons are scared that their bitcoin wallets will be hacked but everything will be fine if they use some hardware wallets.I am sure that after painc bitcoin will worth more than 3000$ what is really great ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) .
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Croin
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July 16, 2017, 10:58:44 PM |
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Marketcap is the most relevat value at all!
Marketcap = Coin count x Price
so its the "real value" of the coin as the coin count is totally artificial and the price is also completly out of nowhere so only the combination of both makes the price of the coin!
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javalemcgee
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July 16, 2017, 11:11:27 PM |
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Because you don't see the math properly. 3 billion loss from the market cap does not mean that exactly 3 billion dollars exited from the market. Markets don't work like that.
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pitham1
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July 17, 2017, 12:43:17 AM |
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Until you come out with a better metric, market capitalization is going to stay. At least, it gives you an idea of the value of coins in circulation. It can be manipulated, but that doesn't take away its usefulness.
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The_prodigy
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July 17, 2017, 12:42:39 PM |
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Until you come out with a better metric, market capitalization is going to stay. At least, it gives you an idea of the value of coins in circulation. It can be manipulated, but that doesn't take away its usefulness.
Really the problem would be the panoc of people i d the steady decline of Bitcoin but I agree that it is not the armageddon yet and that this is just a trend in the stock that would come up once it gets there. The market cap is stable and I also believe that there is nothing going on behind it that is manipulating everything that we are thinking it should be.
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eternalgloom
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July 17, 2017, 12:56:36 PM |
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I will buy bitcoin when it reach less than 1000$ because now panic started and many persons are scared that their bitcoin wallets will be hacked but everything will be fine if they use some hardware wallets.I am sure that after painc bitcoin will worth more than 3000$ what is really great ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) . What are you even talking about? The price isn't dropping because 'people are scared that their wallet will be hacked'. Prices are dropping because people are scared of a possible split after August 1st. Those are two completely different things.
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Kotone
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July 17, 2017, 12:59:34 PM |
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The problem here is those who are using bitcoin and afrid to lose their profit there are turning there bitcoin into fiat currency they don't want to hold their bitcoins coz the profit they will make will become useless if they didn't turn it anyway. Honestly they actually panic and they sell it all for real and they will be waiting for the price to be come decrease at its maximum decreasment and then buy again and wait for the increasement will be happened.
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Conasse
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July 17, 2017, 01:27:44 PM |
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The OP made a good point with coinmarketcap and I agree with him/her when he is saying it's only good to catch newbie. Of course I don't deny there are some good datas we get as well
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Bouffe ma chatte, pas la planète!
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