Bitcoin has lost 55% of its value

[freightjoe]

Bitcoin currently has a marketcap of 135 bn$. But the whole collection of cryptocurrencies has a marketcap of 300 bn$. ( https://cryptocoincharts.info/coins/info )

If no-one had been able to create any other coins, Bitcoin would therefore have had a value of 300bn$, but is only at 135bn$.

This is a 55% drop in value

This is because it is easy to create more cryptocurrencies.

Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin.

The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue

[HeRetiK]

It's a silly argument really. Just because someone invested in an alt, instead of Bitcoin, doesn't mean that they'd invest in Bitcoin if no alts existed.

Fiat currencies are dropping. Cryptocurrencies are thriving. End of story.

[davis196]

Bitcoin currently has a marketcap of 135 bn$. But the whole collection of cryptocurrencies has a marketcap of 300 bn$. ( https://cryptocoincharts.info/coins/info )

If no-one had been able to create any other coins, Bitcoin would therefore have had a value of 300bn$, but is only at 135bn$.

This is a 55% drop in value

This is because it is easy to create more cryptocurrencies.

Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin.

The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue

OP,you should learn more about the market economy and finance instead of posting such threads.
And no,it`s not easy at all to create new cryptocurrencies.If it was so easy,every crypto enthusiast would build his own altcoin and his own blockchain.Don`t compare btc to all the other altcoins at once.Compare bitcoin with every separate altcoin.BTC remains the undisputed number 1.

[Futureblnr]

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[Saifher]

This argument makes no sense. This is in no way a drop of value, and you cant reliably call bitcoin's price in the hypothetical scenario with no other coins ever existing. Alts aren't 'draining away' money from Bitcoin, if anything they're helping cryptocurrencies become more mainstream and adopted worldwide.

[subSTRATA]

Bitcoin currently has a marketcap of 135 bn$. But the whole collection of cryptocurrencies has a marketcap of 300 bn$. ( https://cryptocoincharts.info/coins/info )

If no-one had been able to create any other coins, Bitcoin would therefore have had a value of 300bn$, but is only at 135bn$.

This is a 55% drop in value

This is because it is easy to create more cryptocurrencies.

Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin.

The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue

OP,you should learn more about the market economy and finance instead of posting such threads.
And no,it`s not easy at all to create new cryptocurrencies.If it was so easy,every crypto enthusiast would build his own altcoin and his own blockchain.Don`t compare btc to all the other altcoins at once.Compare bitcoin with every separate altcoin.BTC remains the undisputed number 1.

you dont need to be an expert in economics to understand that op's statements are completely retarded. its like saying that dogs are now worthless because cats exist, and if there were no cats dogs wouldnt be worthless. the value of bitcoin itself is very much rising, and altcoins will always be created. does a stock of a company become devalued because there's a competitor? not necessarily, the company's stock could be tripling for all i care.
this is a pretty piss poor attempt at spreading FUD at best, if this is even an attempt.

This argument makes no sense. This is in no way a drop of value, and you cant reliably call bitcoin's price in the hypothetical scenario with no other coins ever existing. Alts aren't 'draining away' money from Bitcoin, if anything they're helping cryptocurrencies become more mainstream and adopted worldwide.

exactly. if anything, the surge of popular alts such as ethereum only serve to spread awareness of cryptocurrencies overall, meaning more exposure for bitcoin.

[Emoclaw]

Bitcoin currently has a marketcap of 135 bn$. But the whole collection of cryptocurrencies has a marketcap of 300 bn$. ( https://cryptocoincharts.info/coins/info )

If no-one had been able to create any other coins, Bitcoin would therefore have had a value of 300bn$, but is only at 135bn$.

This is a 55% drop in value

This is because it is easy to create more cryptocurrencies.

Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin.

The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue

It seems as though you have a serious misunderstanding of what a drop in value means.
To assume that Bitcoin might has lost value because other coins exist is foolish.

While it may be true that bitcoin would have a higher  market cap if it there was no competition, that doesn't mean Bitcoin's value is dropping. You can't correlate its value with the value of other cryptocurrencies with the assumption of them not existing. That's not how it works.

Forks don't take away from Bitcoin's value either. They are copies, not pieces of it.

[TIDOVEE]

Many of us do not understand that the "scaling" rise and fall in value will always be experienced in currency. Only that it not expected to be with dangerous ranges and too consistent. Now that factors like decentralization, mining fee etc is involved, even other coexisting cryptocurrencies, if it falls in value with time , it will rise and if it doesn't. Well, advantage for other cypto to rise comes

[ladydark]

At first,i was shocked on reading the topic.When i checked BTC price in preev.com,i found it to have increased to $8,236.OP is just having his own calculations which could not be understood by any one and simply states bitcoin to lave lost 55% of its value.If we check,already we could find ample of posts by OP just spreading negativity against bitcoin.He might be a promoter of BCH,but poor guy could not do it any more.

[Maveth13]

How did you even come up with the idea that bitcoin would have the totality of the marketcap today if no other coins were created? Every time a new crypto is launched, it doesn't necessarily drain the value of other crypto, it creates a healthy competition.

[Scorpion]

Yeah maybe but the whole concept behind Bitcoin is being decentralized and for the people, if the people can't create their own cryptocurrency or other blockchain platforms how appealing would Bitcoin be. It's not supposed to be a centralized one way street.

[LoyceV]

exactly. if anything, the surge of popular alts such as ethereum only serve to spread awareness of cryptocurrencies overall, meaning more exposure for bitcoin.

Altcoins, ICOs and forks are created for one reason: earn money for the creator!
On top of that, they give more trading opportunities: instead of just trading fiat<>Bitcoin, you can now trade hundreds or even thousands of different pairs. That also gives hundreds or thousands of possibilities to manipulate the market with pump and dump actions, all with the same reason: earn money, and get you to buy & sell at the wrong moment.

Many people join because of this, many people who are now traders, wouldn't be traders if there was only Bitcoin to trade. So no, Bitcoin didn't lose 55% of it's value, the value is higher than ever.

[eternalgloom]

How did it lose this value exactly then? Bitcoin never had a 300bn$ market cap to begin with, so it's incorrect to say that Bitcoin lost 55% of it's value.
You also can't be sure that investments are taken from Bitcoin and made with altcoins instead. You should try to back everything up with some studies or statistics.

Bitcoin's market cap is now at it's highest, you can check the data yourself here: https://coinmarketcap.com/currencies/bitcoin/historical-data/?start=20130428&end=20171124

[Rggadi]

how we can talk about lost of value while there is an increase in demand for Bitcoin rapidly across the world, and an increasing number of governments and countries are starting to recognize, acknowledge and adopt Bitcoin as a digital currency.  Most recently, Poland’s largest food delivery platform Pyszne that supports more than 5000 restaurants started accepting Bitcoin despite its rising fees.

Demand for Ethereum, Bitcoin, Litecoin, Ethereum Classic and other cryptocurrencies is rising at a rapid rate. Short-term market corrections are important to evaluate, but investors should not consider corrections as factors for long-term growth.

[damrianto]

in the previous year's time and to date now bitcoin is on the rise and it is unlikely that bitcoin loses 55%, it's just an unclear opinion or issue from some investments that deliberately lower the value of bitcoin.

[kier010]

when this cryptocurrencies pop in it helps reveal the real value of bitcoin and help its price increase therefore so you can't say it has lost its value. this cryptocurrencies have purpose and uses and this is the investor/user needed/want.

[btcprospecter]

It didn't lose value it lost potential for its value if it had of been the only coin in the market. It is good to have other coins in the market they all feed each other.

[pugman]

Bitcoin currently has a marketcap of 135 bn$. But the whole collection of cryptocurrencies has a marketcap of 300 bn$. ( https://cryptocoincharts.info/coins/info )

If no-one had been able to create any other coins, Bitcoin would therefore have had a value of 300bn$, but is only at 135bn$.

This is a 55% drop in value

This is because it is easy to create more cryptocurrencies.

Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin.

The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue

Why cryptocoincharts.info ,better use coinmarketcap.com it has the real crypto currencies and scam ones are not there in coinmarketcap, I don't use cryptocoincharts ,but their site does mention that there exists 4530 cryptocurrencies where as coinmarket cap says 1324. The percentage change doesn't affect the values of bitcoin much,new and new crypto currencies just adds up to the pile of garbage which causes the ratio to change ,and still bitcoin's dominance is way higher in terms of price,market cap and a few more factors. 

[stompix]

Bitcoin currently has a marketcap of 135 bn$. But the whole collection of cryptocurrencies has a marketcap of 300 bn$. ( https://cryptocoincharts.info/coins/info )
If no-one had been able to create any other coins, Bitcoin would therefore have had a value of 300bn$, but is only at 135bn$.
This is a 55% drop in value

So by your ....whatever, Apple has lost 25% and Google(Alphabet) has lost 20%.
And although the world economy has grown considerably in the last century , it has actuality lost value because we realized the universe is bigger than what we thought in 1900.
And of course Ford has lost 99% percent since it's model T which held 40% market share.


Why are you so butthurt in all your topics?
From your knowledge I can almost bet you were in this forum during the 2013 event.
Are you so angry that you didn't buy at 90$ or at 250$ that you want everyone to suffer?

[nemesis3]

t'is topic is sponsor by Roger Ver 

[no0dlepunk]

Bitcoin currently has a marketcap of 135 bn$. But the whole collection of cryptocurrencies has a marketcap of 300 bn$. ( https://cryptocoincharts.info/coins/info )

If no-one had been able to create any other coins, Bitcoin would therefore have had a value of 300bn$, but is only at 135bn$.

This is a 55% drop in value

This is because it is easy to create more cryptocurrencies.

Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin.

The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue

You must consider the pairings that the major exchanges has. So let's say a portion of the market cap went to altcoins, this doesn't really matter because they can not cash it out back to fiat unless they move back to BTC, LTC, ETH, or ETC... Also, please be informed that most of the altcoin traders are aiming to multiply their bitcoins that's why they trade. But to be honest, I don't get the whole point of this post. Are you impressing us to not patronize altcoins?

[TheQuin]

So by your ....whatever, Apple has lost 25% and Google(Alphabet) has lost 20%.
And although the world economy has grown considerably in the last century , it has actuality lost value because we realized the universe is bigger than what we thought in 1900.
And of course Ford has lost 99% percent since it's model T which held 40% market share.

Nicely pointed out, I'm afraid freightjoe and logic don't often coincide. The idea that if there wasn't competition in a new field that all of the value would go into the original doesn't stand scrutiny at all. Competition brings new innovation and adds value to the field as a whole.

Why are you so butthurt in all your topics?
From your knowledge I can almost bet you were in this forum during the 2013 event.
Are you so angry that you didn't buy at 90$ or at 250$ that you want everyone to suffer?

You could be onto something here, otherwise, he could just be a jealous gold bug.

[audaciousbeing]

Bitcoin currently has a marketcap of 135 bn$. But the whole collection of cryptocurrencies has a marketcap of 300 bn$. ( https://cryptocoincharts.info/coins/info )

If no-one had been able to create any other coins, Bitcoin would therefore have had a value of 300bn$, but is only at 135bn$.

This is a 55% drop in value

This is because it is easy to create more cryptocurrencies.

Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin.

The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue

I will want to take a contrary opinion on that simply because those other coins that you purported to have robbed bitcoin of such amount of dollars, actually contributed to that portion bitcoin got. For example, several people got to know about bitcoin because of one alt or the other that they want to invest in but could not do so directly so they had to come in through bitcoin.

Also, bitcoin is equally not doing badly considering one coin contributing 45% of the entire coins in the crypto world while the remaining others are  grappling for the balance, I think its something that shows that the position is not being threatened for whatever reason.

[tamawaelah]

yeap, bitcoin lost of its value because so many project that blewup and its based on ethereum, that's why bitcoin got decrease on his value rightnow.
and i think that will be a throwback knife for the bitcoin itselft, because people will leave bitcoin slowly and they are moving on ethereum, that will be a goodnews and badnews for the end. which is future on bitcoin ?

[Mezurit]

Bitcoin currently has a marketcap of 135 bn$. But the whole collection of cryptocurrencies has a marketcap of 300 bn$. ( https://cryptocoincharts.info/coins/info )

If no-one had been able to create any other coins, Bitcoin would therefore have had a value of 300bn$, but is only at 135bn$.

This is a 55% drop in value

This is because it is easy to create more cryptocurrencies.

Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin.

The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue

I agree that new cryptocurrencies lead away Bitcoin's investors. It's normal business fluctuation.

[Cazemiro]

I do not agree with your analysis, because the market is so young, and the technology is so revolutionary, you can't compare a 55% drop in value. Of course will be fought between BTC and Altcoins a great battle, the winer just the time will crown.

[A1exander]

Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin.

Value is definitely not created out of thin air, but it does not mean that any new crypto takes all its value from existing cryptos. It may drain value from stocks, gold, USD, or any other form of investment, not from bitcoin.

The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue

Many of newly generated cryptos are worthless. They can be created by thousands without any noticeable influence on major cryptos.

[mrayazgul]

Bitcoin currently has a marketcap of 135 bn$. But the whole collection of cryptocurrencies has a marketcap of 300 bn$. ( https://cryptocoincharts.info/coins/info )

If no-one had been able to create any other coins, Bitcoin would therefore have had a value of 300bn$, but is only at 135bn$.

This is a 55% drop in value

This is because it is easy to create more cryptocurrencies.

Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin.

The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue

I do not agree with your analysis. One of the reason why bitcoin is so popular and why bitcoin is gaining the value is because of altcoins trading. If there were no altcoins then there will be no trading, there will be no competition and therefore Bitcoin will be not as popular as it is now.

Also it does not mean that if there were no altcoins, people will invest all 300Bn$ in bitcoins. They could have kept in cash as well.

[eaLiTy]

Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin.

The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue

I am not sure how i am following with your views but there are money that comes out of thin air,see for example the times when there is a fork in a certain coin,you are not investing anything in it in the initial phase ,but you come up with a million dollar currency valuation and then people do invest their money in difference coins,some of the calculation you made are just off.

[junoreactor]

The value of Bitcoin is in its price, simple. Market cap is important to look at but it does not tell the value of a coin, the price does.