Bitcoin Forum
May 23, 2024, 04:31:36 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: $200,000,000,000 scam in Bitcoin ??  (Read 111 times)
First77 (OP)
Member
**
Offline Offline

Activity: 266
Merit: 32


View Profile
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 ??  Huh

Rule says not more than 21,000,000 Bitcoins will mined
OmegaStarScream
Staff
Legendary
*
Offline Offline

Activity: 3486
Merit: 6144



View Profile
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.

█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
cosmoo
Hero Member
*****
Offline Offline

Activity: 729
Merit: 502



View Profile
January 19, 2018, 02:20:04 PM
 #3

21,000,000 bitcoins x $20,000 = $420,000,000,000

How did market capitalization of Bitcoin was shown as $650,000,000,000 ??  Huh

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
Full Member
***
Offline Offline

Activity: 420
Merit: 110


View Profile
January 19, 2018, 05:01:24 PM
 #4

21,000,000 bitcoins x $20,000 = $420,000,000,000

How did market capitalization of Bitcoin was shown as $650,000,000,000 ??  Huh

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.
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!