Bitcoin Forum
April 26, 2024, 05:43:49 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Inflow of money to BTC  (Read 202 times)
traderperspective (OP)
Member
**
Offline Offline

Activity: 94
Merit: 10


View Profile
October 23, 2017, 04:52:00 PM
 #1

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?
1714153429
Hero Member
*
Offline Offline

Posts: 1714153429

View Profile Personal Message (Offline)

Ignore
1714153429
Reply with quote  #2

1714153429
Report to moderator
"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
MissionPhailed
Hero Member
*****
Offline Offline

Activity: 583
Merit: 503



View Profile
October 23, 2017, 05:44:24 PM
 #2

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!
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!