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Author Topic: CAN WE SAY THE MARKETCAP OF BITCOIN IS FALSE??  (Read 285 times)
Lion_ashy
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July 10, 2018, 09:38:43 AM
 #21

Whales cannot completly manipulate btc or else they might lose the trade.  They are following the chart of btc.


Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.

Lol and it's not asif they all gather at a place for a meeting or something.😁😁😂
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July 10, 2018, 12:03:48 PM
 #22

Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.

If tether keep printing more thether, must be oversupply on market and bitcoin price must be increasing. If whales want to sell their bitcoin, they must be not selling all their bitcoin at same time because its affecting on tether supply and bitcoin price.



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July 10, 2018, 01:56:00 PM
 #23

I don't think that it is false one because its NOT.

Frist thing, the whole market cap is not just made up of the whales, there is our money too. There is less number of whales (how many are richest?) and rest of the market constitutes of people like you and me.

I guess if they dump the bitcoins that they are holding then also there will be some value to bitcoin for which our money in the market cap will be responsible.

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July 10, 2018, 02:00:45 PM
 #24

I think we are a little over worried. The price of bitcoin is now close to the cost of mining, and if whale continues to lower the price, the miners will collect bitcoin in the market.
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July 10, 2018, 02:11:16 PM
 #25

Market cap is where you can see what value of a coin would be in a day in an hour, in a minute or in a seconds. We are to check in there how it is doing and since Bitcoin is on top of every coin in the market then it is TRUE vaue of Bitcoin whether a coin is on top or velow whatever value listed there is true.
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July 10, 2018, 02:34:09 PM
 #26

It is very difficult to calculate the real market cap of Bitcoin. Because a huge number of Bitcoins are "lost", i.e no one is having the private key to spend them. This includes the BTC980,000 stash mined by Satoshi.


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July 10, 2018, 02:35:45 PM
 #27

As long as bitcoin is trading at the value/coin that is currently making up the market cap, I wouldn't call it false.

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July 10, 2018, 03:31:18 PM
 #28

Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.

Most must be scared if ever these whales converts their Bitcoins to Fiat. This would really make the market crash dramatically. However, I believe that we won't be seeing this in the near future. Most of these whales are already rich and are just making their money grow.

Tether could produce more if ever they believe that this is necessary but I think consensus is necessary before this happens.

Quote
CAN WE SAY THE MARKETCAP OF BITCOIN IS FALSE??

If you are talking about the market cap reflected in CMC or alike, then I suppose they are true because the market cap is just a multiplication between the current price and the current circulating supply. There's no point faking them. However, market cap is irrelevant. Since it is just digits, it doesn't mean anything of significant to Bitcoin at all.

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July 10, 2018, 09:30:43 PM
 #29

Whales cannot completly manipulate btc or else they might lose the trade.  They are following the chart of btc.


Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.

Lol and it's not asif they all gather at a place for a meeting or something.😁😁😂
That is hilarious. I do not think they are able to convert Bitcoin into fiat and nor they meet up in particular places assigned. A technology like Bitcoin which is a decentralized as well cannot be easily put to an end. We have a lot of gap and Bitcoin is still to finish it as the demand will rise high when the prices starts rising. Besides, there are government regulations and the activity of the Whales that cause disturbance but the market ultimately recovers.

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July 10, 2018, 09:58:09 PM
 #30

Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.

 CAN WE SAY THE MARKETCAP OF BITCOIN IS FALSE??

Tether print as much money people gave them.

I dont see a reason why any whale would convert their bitcoins to fiat at this point if they could exchange at double price not so long ago.


Yes the marketplace is false because 20% of Bitcoin s is lost so Bitcoins marketcap is 20% smaller.

Really?  Wow. Thanks. My questions been over answered

Assuming your right about the Marketcap, about the manipulation of Whales ? Do you think we can do something about it? Whales converted Bitcoin to Fiat, printing more FIAT? I see no reason pointing this topic in this forum, it create negative impression, and possible lost of confidence on crypto currency digital transaction. Crypto is Decentralized digital transaction, with support system, Blockchain in place, fundamentals are stable, market structure are clear on the market, one should always remember that Market is Volatile, anything can happened at any given time, with whales manipulation or not? marketcap is false? we can do nothing about it except to protect our investment.

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July 10, 2018, 10:18:28 PM
 #31

Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.

Market capitalization is a illustration of the strength of a currency. So I can't say it is 100% correct and may be misleading sometimes. Let me give you an example,

Lets assume a coin named ABC has launched 1000 coins in the market. The coin is listed in an exchange and someone buys 1 coin with $5 price. The market cap of ABC coin will immediately become $5000 without the rest 999 coins hitting the market.

Also to your question, there is no corelation between bitcoin conversion to tether printing. So chill!

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Nunoluck
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July 11, 2018, 02:09:15 AM
 #32

Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
Convert bitcoin to fiat is not wise decision they should convert bitcoin into gold. That is the right way to save their wealth. Fiat will be useless,I think sell their bitcoin for fiat is their habbit, but they always buy it bitcoin again at lower price.

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July 11, 2018, 05:42:37 AM
 #33

If whales converting their bitcoin to tether or fiat, its must be affecting on bitcoin price and maybe give big profits in short term for whales. They must be want make profits in long term and i think they will not selling all their bitcoin.

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July 11, 2018, 06:10:46 AM
 #34

no, marketcap is already naturally like that, will not be able to update every second, because market cap just as a place of information at a glance only, different from the market that always update every second.

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July 11, 2018, 09:35:59 PM
 #35

Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.

Most must be scared if ever these whales converts their Bitcoins to Fiat. This would really make the market crash dramatically. However, I believe that we won't be seeing this in the near future. Most of these whales are already rich and are just making their money grow.

Tether could produce more if ever they believe that this is necessary but I think consensus is necessary before this happens.

Quote
CAN WE SAY THE MARKETCAP OF BITCOIN IS FALSE??

If you are talking about the market cap reflected in CMC or alike, then I suppose they are true because the market cap is just a multiplication between the current price and the current circulating supply. There's no point faking them. However, market cap is irrelevant. Since it is just digits, it doesn't mean anything of significant to Bitcoin at all.

Thank you. This am following.👆👆
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July 11, 2018, 09:43:13 PM
 #36

Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
Convert bitcoin to fiat is not wise decision they should convert bitcoin into gold. That is the right way to save their wealth. Fiat will be useless,I think sell their bitcoin for fiat is their habbit, but they always buy it bitcoin again at lower price.

Although gold is kinda stable than btc but Is gold that much of a long term asset.  It's sinking day by day.
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July 11, 2018, 09:50:01 PM
 #37

~
I know whales are not fools...but selling a huge part of what they hold is a way to manupulate the market. Causing more downfall. And with my little knowlege i believe that it will get a point when tether printing will bring fake marketcap. That was my reason for this topic. A friend of mine said that cryptocurrency was a joke. Sincerely i couldn't argue it. I just smirked.

then what do you think has been happening so far? and why did you just think about it now? do you think they are going to start now that we had a 70% drop?
what you need to know is that any manipulation also has its own power and will soon run out of. you can't manipulate the price from $20000 down to $1 there is  millions of other traders in the market too and they are also buying and selling bitcoin. at some point you reach a strong  resistance (which is most probably the $6000 that we saw tested 3 times and remain strong) that can not be broken so the reversal happens.

tether has nothing to do with market cap! 90% of the things you read about it online is pure bullshit created during the downtrend to create panic
People's argument is always panic, yeah understand everyone wants panic in people but why do they want it? You'll say: to lower price. Then answer me, can you just give me one argument about why the hell do we need higher price of bitcoin? No, there is no way because bitcoin works well on 300$, 600$ and on 6000$ too as we see currently.
We can't say it's 100% sure. Btw here I remember coinmarketcup and how they manipulated price in minutes.

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July 11, 2018, 09:57:07 PM
 #38

I just think it's high time bitcoin investors stop comparing tether to bitcoin. The little similarities between these two won't be the fall of bitcoin. If bitcoin will ever crash (which I don't believe it will ever do) I still don't  think tether will be the cause of it. Moreover, there are indeed whale manipulators but they are not the sole determinate of the price of bitcoin cause bitcoin is now popular than before, anything can cause a price fall.

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July 11, 2018, 10:14:45 PM
 #39

yes I think so it can be just an estimation of what is on the market but it is a big help in determining such effect can happen on the market with the volume forecasted there we can conclude our analysis on what will be going on the market if such news will be made and how will it react because just like the indicators its only the pass history of the movements of the market a accurate digits on time is hard to post when there is too many players in the market

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July 12, 2018, 02:02:04 AM
 #40

Your query is out of line. Marketcap isn't just related with whales, tether and so on...

Am just scared if Whales decide to convert Bitcoin to Fiat.

Just don't. Whales aren't a bunch of fools. They are just waiting for the perfect opportunity to buy and turn a corner.

Will Tether keep printing more Tether to circulation?.

Yes, they might. Nobody knows what their next move is.
But that's irrelevant to your previous query.

Afterall, if you think marketcap is a metric for tracking the total valuation of Bitcoin, then you're wrong.

I know whales are not fools...but selling a huge part of what they hold is a way to manupulate the market. Causing more downfall. And with my little knowlege i believe that it will get a point when tether printing will bring fake marketcap. That was my reason for this topic. A friend of mine said that cryptocurrency was a joke. Sincerely i couldn't argue it. I just smirked.
But you are not giving a reason of why the whales will want to get out now. The price is very low, if they wanted to sell they could have done it at the top or close to the top of the market, also if they sold so many coins at the same time this will alert the markets and the price will go down even further, reducing their profits even more than before.
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