Topic: [2017-08-03] DCEBrief - Bitcoin Cash Third in Market Cap (Read 3595 times)
Another perfect example of how market caps don't hold any value at all. I have been reading through various articles where they basically praised BCC for achieving such a market cap, but they completely ignore the fact that its market cap is based on the total number of circulating coins connected to the latest exchange rate. Other thing they also discard is the fact that 95% of the people aren't yet in the position to deposit their BCC's into their preferred exchanges. Wait for the moment exchanges start allowing deposits -- people calculating profits already will end up with a big disappointment.
Simply because of the free distribution of BCC among Bitcoin holder and setting the initial price to 0.2 BTC. With this they got huge volume so does the marketcap. But soon when everyone will claim their free BCC and would be able to trade it on major exchanges. This all bubble will burst out and we will see a sharp decline in price and hence the marketcap.
Jump to: