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$200,000,000,000 scam in Bitcoin ??
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Topic: $200,000,000,000 scam in Bitcoin ?? (Read 111 times)
First77
(OP)
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$200,000,000,000 scam in Bitcoin ??
January 19, 2018, 02:09:57 PM
#1
21,000,000 bitcoins x $20,000 = $420,000,000,000
How did market capitalization of Bitcoin was shown as $650,000,000,000 ??
Rule says
not more than 21,000,000 Bitcoins will mined
OmegaStarScream
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Re: $200,000,000,000 scam in Bitcoin ??
January 19, 2018, 02:16:37 PM
#2
The marketcap is based on the current supply which is 16.8 million and not 21m so the marketcap is currently $200 Billion. The $650B you're currently reading is most likely the one of all cryptos combined.
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cosmoo
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Re: $200,000,000,000 scam in Bitcoin ??
January 19, 2018, 02:20:04 PM
#3
Quote from: First77 on January 19, 2018, 02:09:57 PM
21,000,000 bitcoins x $20,000 = $420,000,000,000
How did market capitalization of Bitcoin was shown as $650,000,000,000 ??
Rule says
not more than 21,000,000 Bitcoins will mined
650 billions it is market capitalization of all cryptocurrencies, not just Bitcoin. And where you get the price of 20,000 USD? LOL
1NV3ST0NM3
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Activity: 420
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Re: $200,000,000,000 scam in Bitcoin ??
January 19, 2018, 05:01:24 PM
#4
Quote from: First77 on January 19, 2018, 02:09:57 PM
21,000,000 bitcoins x $20,000 = $420,000,000,000
How did market capitalization of Bitcoin was shown as $650,000,000,000 ??
Rule says
not more than 21,000,000 Bitcoins will mined
You have been a bit wrong in calculation my friend. Current supply of bitcoin is just around 16,812,450 BTC while the price which floats now is near about 11811. Bitcoin until now hasn't even gone passed 300 when it comes to the maximum market cap. Which obviously went when it touched the price of as you said 20k or to be more price $19.6K. So chill out the capitalization you are talking about which obviously is show on the top of coinmarketcap is of all the cryptocurrencies combined.
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