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Topic: $200,000,000,000 scam in Bitcoin ?? (Read 123 times)

full member
Activity: 420
Merit: 110
January 19, 2018, 12:01:24 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.
hero member
Activity: 729
Merit: 502
January 19, 2018, 09:20:04 AM
#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
staff
Activity: 3500
Merit: 6152
January 19, 2018, 09:16:37 AM
#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.
member
Activity: 266
Merit: 32
January 19, 2018, 09:09:57 AM
#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
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