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Author Topic: Inflow of money to BTC  (Read 124 times)
traderperspective
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October 23, 2017, 04:52:00 PM
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Looking at marketcap graphs, it looks like altcoins have been staying at a somehow stable market cap in the last month (around 60-70B$). In the same time BTC market cap has gone from $60B to $100B. Where does all these money come from, and where is it possible to find an answer to this?
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October 23, 2017, 05:44:24 PM
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I'm not a crypto-expert but I'd say there's currently a massive inflow of fiat money into Bitcoin. Especially the upcoming hardfork (BTG) and the resulting rumors of "free money" attracts an unprecedented amount of people to Bitcoin. I am however surprised that the market cap of altcoins as a whole indeed hasn't changed much in the past month; I thought it was declining rapidly in the past few weeks!
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October 23, 2017, 08:03:16 PM
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Most countries use the fiat money printing system and every year they print more and this is the reason why we have every year an inflation of around 10%.

Billions of billions of this digital created money went into derivatives trading, the casino for capitalists and when they fear a crash or consider crypto currencies as more profitable or secure, then they move a little bit of their derivates volumen to crypto currencies.

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