Geez this thing is SO overvalued when compared to real world valuations of just about everything, $82,000,000 market cap on a meme coin. That's larger than 80% of all tech, mining, biotech, and e-commerce startup companies that are available on stock exchanges. This high of a market cap is usually reserved for biotechs that got FDA approval on their new drug, or mining companies that have found a precious ore, but here we have doge breaking it no problem. World's gone nuts. Whatever, my 195's look good. I'll take it.
That market cap it's just a bunch of numbers.
If everybody would be willing to exchange their doge to usd , I doubt we will all end up with more than 10 millions.
I get what you are trying to say, but you are wrong about it just being numbers. Market cap is the defacto way to valuate currency, stock, and now cryptocurrency. Besides you can apply your logic to the above startup companies that I mentioned as well, so in the end my point still stands.
Geez this thing is so overvalued, $82,000,000 market cap on a meme coin. That's larger than 80% of all tech, mining, biotech, and e-commerce startup companies that are available on stock exchanges. This high of a market cap is usually reserved for biotechs that got FDA approval on their new drug, or mining companies that have found a precious ore, but here we have doge breaking it no problem. World's gone nuts. Whatever, my 195's look good. I'll take it.
Yes, but you need to understand the incorrect value of the way all of these coins have a market cap determined. They put the value of the current price on each and every share. That means that each share would be worth the current market price, which we all know is not the way it works.
So, to inflate the value of a crap coin, or even BTC, you need to control a good portion of the coins, and simply deal with the other coins being sold more than bought. It's quite a simple process, assuming you have the funds behind it to control it. The hard part is it requires an extreme amount of patience, as time is what makes most people believe the current market value, and once they believe, that's when profit comes for the person manipulating.
So, before looking too closely at market caps for ANY coins, ask yourself how many coins would it actually take for the value to drop significantly? That, is much more important than market cap. In fact, look at what happened to BTC on BTC-e... Dropped to 100 with a 4000 coin fat finger. Be wary of illusion, and temper greed with logic.
Uhhh that's how it's done everywhere, including currencies and the stock market.... I'm assuming that cryptocurrency is most people's first trading venture. I've traded stocks for 10+ years and you can apply your false logic to anything including a company like Google. Ask just about anyone in the world of finance how a valuation of something is determined and they will point at the market cap. With that said, Doge is STUPIDLY overvalued even at 10 million. Another thing I learned from the stock market is buy fear sell cheer, buy the rumor sell the news.
i keep delaying my research, "no need to cash out yet i tell myself" as the value grows and grows... 
, mind to share your problem at bter.com. I am currently using bter too.
So, I dunno, it almost makes myself convinced to go buy some lol. It turned out later that all those mysterious buys way over current price were all some kind of omen lol.
