Topic: Bitcoin has lost 55% of its value - page 2. (Read 607 times)
How did you even come up with the idea that bitcoin would have the totality of the marketcap today if no other coins were created? Every time a new crypto is launched, it doesn't necessarily drain the value of other crypto, it creates a healthy competition.
At first,i was shocked on reading the topic.When i checked BTC price in preev.com,i found it to have increased to $8,236.OP is just having his own calculations which could not be understood by any one and simply states bitcoin to lave lost 55% of its value.If we check,already we could find ample of posts by OP just spreading negativity against bitcoin.He might be a promoter of BCH,but poor guy could not do it any more.
Many of us do not understand that the "scaling" rise and fall in value will always be experienced in currency. Only that it not expected to be with dangerous ranges and too consistent. Now that factors like decentralization, mining fee etc is involved, even other coexisting cryptocurrencies, if it falls in value with time , it will rise and if it doesn't. Well, advantage for other cypto to rise comes
Bitcoin currently has a marketcap of 135 bn$. But the whole collection of cryptocurrencies has a marketcap of 300 bn$. ( https://cryptocoincharts.info/coins/info )
If no-one had been able to create any other coins, Bitcoin would therefore have had a value of 300bn$, but is only at 135bn$.
This is a 55% drop in value
This is because it is easy to create more cryptocurrencies.
Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin.
The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue
It seems as though you have a serious misunderstanding of what a drop in value means.If no-one had been able to create any other coins, Bitcoin would therefore have had a value of 300bn$, but is only at 135bn$.
This is a 55% drop in value
This is because it is easy to create more cryptocurrencies.
Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin.
The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue
To assume that Bitcoin might has lost value because other coins exist is foolish.
While it may be true that bitcoin would have a higher market cap if it there was no competition, that doesn't mean Bitcoin's value is dropping. You can't correlate its value with the value of other cryptocurrencies with the assumption of them not existing. That's not how it works.
Forks don't take away from Bitcoin's value either. They are copies, not pieces of it.
Bitcoin currently has a marketcap of 135 bn$. But the whole collection of cryptocurrencies has a marketcap of 300 bn$. ( https://cryptocoincharts.info/coins/info )
If no-one had been able to create any other coins, Bitcoin would therefore have had a value of 300bn$, but is only at 135bn$.
This is a 55% drop in value
This is because it is easy to create more cryptocurrencies.
Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin.
The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue
If no-one had been able to create any other coins, Bitcoin would therefore have had a value of 300bn$, but is only at 135bn$.
This is a 55% drop in value
This is because it is easy to create more cryptocurrencies.
Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin.
The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue
OP,you should learn more about the market economy and finance instead of posting such threads.
And no,it`s not easy at all to create new cryptocurrencies.If it was so easy,every crypto enthusiast would build his own altcoin and his own blockchain.Don`t compare btc to all the other altcoins at once.Compare bitcoin with every separate altcoin.BTC remains the undisputed number 1.
this is a pretty piss poor attempt at spreading FUD at best, if this is even an attempt.
This argument makes no sense. This is in no way a drop of value, and you cant reliably call bitcoin's price in the hypothetical scenario with no other coins ever existing. Alts aren't 'draining away' money from Bitcoin, if anything they're helping cryptocurrencies become more mainstream and adopted worldwide.
exactly. if anything, the surge of popular alts such as ethereum only serve to spread awareness of cryptocurrencies overall, meaning more exposure for bitcoin.
This argument makes no sense. This is in no way a drop of value, and you cant reliably call bitcoin's price in the hypothetical scenario with no other coins ever existing. Alts aren't 'draining away' money from Bitcoin, if anything they're helping cryptocurrencies become more mainstream and adopted worldwide.
All these questions about future are really interesting... I think future of crypto overall is a very interesting and important topic.. and I want to learn more about it I found this one https://blockshowasia.com/
Bitcoin currently has a marketcap of 135 bn$. But the whole collection of cryptocurrencies has a marketcap of 300 bn$. ( https://cryptocoincharts.info/coins/info )
If no-one had been able to create any other coins, Bitcoin would therefore have had a value of 300bn$, but is only at 135bn$.
This is a 55% drop in value
This is because it is easy to create more cryptocurrencies.
Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin.
The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue
If no-one had been able to create any other coins, Bitcoin would therefore have had a value of 300bn$, but is only at 135bn$.
This is a 55% drop in value
This is because it is easy to create more cryptocurrencies.
Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin.
The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue
OP,you should learn more about the market economy and finance instead of posting such threads.
And no,it`s not easy at all to create new cryptocurrencies.If it was so easy,every crypto enthusiast would build his own altcoin and his own blockchain.Don`t compare btc to all the other altcoins at once.Compare bitcoin with every separate altcoin.BTC remains the undisputed number 1.
It's a silly argument really. Just because someone invested in an alt, instead of Bitcoin, doesn't mean that they'd invest in Bitcoin if no alts existed.
Fiat currencies are dropping. Cryptocurrencies are thriving. End of story.
Fiat currencies are dropping. Cryptocurrencies are thriving. End of story.
Bitcoin currently has a marketcap of 135 bn$. But the whole collection of cryptocurrencies has a marketcap of 300 bn$. ( https://cryptocoincharts.info/coins/info )
If no-one had been able to create any other coins, Bitcoin would therefore have had a value of 300bn$, but is only at 135bn$.
This is a 55% drop in value
This is because it is easy to create more cryptocurrencies.
Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin.
The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue
If no-one had been able to create any other coins, Bitcoin would therefore have had a value of 300bn$, but is only at 135bn$.
This is a 55% drop in value
This is because it is easy to create more cryptocurrencies.
Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin.
The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue
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