Topic: CAN WE SAY THE MARKETCAP OF BITCOIN IS FALSE?? - page 4. (Read 560 times)
yes we can say the maketcap is false if bitcoin have a more mistakes.
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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.
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
The tether was sued in court by the end of 2017. But until now, no problem.
Your subject and the question you are asking does not goes together. For the coinmarketcap of bitcoins, NO it is not false. It illustrates the total of bitcoins in circulations and represents the real amount of bitcoins on the market.
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
And who said that Tether is printing money out of thin air? Do you really believe that one professor who wrote about it? It was just his prediction, and for now he hasn't been able to prove it beyond reasonable doubt, just like tether hasn't been able to prove that it's 100% covered. To be honest I trust Binance more than I trust a single whistleblower. It's easy to pay off one dude to write an article. It's much harder to pay all your employees and people who are covering for you as a company to keep the scam going.
Your query is out of line. Marketcap isn't just related with whales, tether and so on...
Just don't. Whales aren't a bunch of fools. They are just waiting for the perfect opportunity to buy and turn a corner.
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.
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.
Your query is out of line. Marketcap isn't just related with whales, tether and so on...
Just don't. Whales aren't a bunch of fools. They are just waiting for the perfect opportunity to buy and turn a corner.
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.
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.
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
jes the marketcap and the social support could indeed be illusionary and faked.
people stil think its trustworthy and reliable however,
most traders dont use coinmarketcap anymore btw.
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
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