Topic: CAN WE SAY THE MARKETCAP OF BITCOIN IS FALSE?? (Read 547 times)
that's an idea from a pope who is not good, if btc wants to be converted into fiat, so for what is btc so far created, isn't the main objective of btc made to replace fiat money, is that a market strategy? or just an issue that makes your eyes hurt when reading it, don't let this news change your position and make you not think long enough to release BTTC or you will regret it
We can say that. We cannot rely on the market cap we see online as they also based it on different cryptocurrency exchanges not to mention that some of the also provide false data such as volume and price to mislead the public. If we only have a regulated and well monitored market that is when we can see rhat the prices are true to its real value. If you look at BTC's market cap right now you will see different values that vary from site to site.
of course because each site has its own analysis of the total marketcap that exists, they don't manipulate it and that is a real picture of the total marketcap that exists, the difference in each site is also not much different right, it proves that total marketcap doesn't falseAm 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?.
If whales do convert bitcoin to fiat, there's nothing to be afraid of. Irrelevant to what you're talking about. And yes, bitfinex will keep printing more tether, because they are shady as fuck.
Lol...i think them fuckers got sued.
And then again, I hear they printed 50 Million USDT couple of days ago. I don't trust those stupid cunts no matter what.
If they were indeed sued, did they settle or go for the trial?
On my opinion, the market cap of bitcoin is real. Many exchange are controlling the amount of btc. The market situation is very transparent and you could track the every transactions that are made. Sounds good, right?
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
It is very unlikely that the whales want to be out of the market, they are the ones that stand the most to lose if they do that, whales like most of us as well do not want to cash out, what they want is for the rest of the world to accept bitcoin so we can use our bitcoin directly without converting it to fiat first, so do not worry about it, besides if tether is found to be some form of scam, that is not related to bitcoin directly and at most the price will go down for some time but it will recover like always.
If we look at the market ,I think that the marketcap of bitcoin is through ansd so also to other cryptos in the coin market cap, the purpose of the coin market cap is to have guides and refetrence on what is going in the market,the value of the coins is always variable time after time.
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
I feel that we as a regular people are so we can manipulate it we are thinking that those things are really valuable and significant but they are just creating and imagining this value so this is not real or that you can feel and touch.
Probably, yes, but we should remember that the same situation with traditional stock markets. The thing is that we need some metrics to compare currencies, consider it as market cap not in dollars but in points.
We can say that. We cannot rely on the market cap we see online as they also based it on different cryptocurrency exchanges not to mention that some of the also provide false data such as volume and price to mislead the public. If we only have a regulated and well monitored market that is when we can see rhat the prices are true to its real value. If you look at BTC's market cap right now you will see different values that vary from site to site.
No, I think that the market cap of bitcoin is real. Many exchange are controlling the amount of btc. The market situation is very transparent and you could track the every transactions that are made.
I also think that the market capitalization of the entire cryptocurrency market is growing steadily over time and that has shown the trend of this market. Cryptocurrency is gaining a lot of investor attention so I believe that this development is inevitable in the present.Not only the present even in the future. 😎
I mean this is the future
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
Its true, there are different cryptocurrency market and the highest price will be always at the top, that is the reason why coinmarketcap.com si the most trusted site by every investors.
No you don't understand what I mean...am not saying its not trusted but the maths is a bubble. I made an example few weeks ago. Just read up previous discussion.
No, I think that the market cap of bitcoin is real. Many exchange are controlling the amount of btc. The market situation is very transparent and you could track the every transactions that are made.
I also think that the market capitalization of the entire cryptocurrency market is growing steadily over time and that has shown the trend of this market. Cryptocurrency is gaining a lot of investor attention so I believe that this development is inevitable in the present. Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
Its true, there are different cryptocurrency market and the highest price will be always at the top, that is the reason why coinmarketcap.com si the most trusted site by every investors.
market cap is nt wrong it is false media which create such rumors market cap is growing healthy and we can see more new money coming in
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
CAN WE SAY THE MARKETCAP OF BITCOIN IS FALSE??
CAN WE SAY THE MARKETCAP OF BITCOIN IS FALSE??
Tether print as much money people gave them.
I dont see a reason why any whale would convert their bitcoins to fiat at this point if they could exchange at double price not so long ago.
Yes the marketplace is false because 20% of Bitcoin s is lost so Bitcoins marketcap is 20% smaller.
Really? Wow. Thanks. My questions been over answered
[/quote
Wow, Why do you think that Bitcoin Market cap is False? You have no supporting data presented, on the thread, your statement is different? i am confuse... Market is Volatile, anything can happen at any given time, Whales can simply manipulate the crypto market, it has some effects on their investment, they may loss or gain profits? Bitcoin is still stable even with the ups and down of its price value on the market. there is a lot of indicators that affect the market of Crypto.
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.
Does Coinmartketcap fake
. Is it a right information . If yes can you give us a webgite which give us a right information. Thank you so much.I have used Coinmarketcap at the beginning when the first time I joined this market, I've very liked it and trusted it, so sad to hear it fake informations
Lol he doesn't mean fake like that...i mean the calculations are extremely perfect. But the marketcap can't give perfect precision about liquidity unless it's added (not volume)
lemme give an instance. If I make coin of 10M total supply, if only 1000 of the coin is mined and sold on a market for 100$ that is 1 token 0.1$. If such coin is added on coinmarket it will have a total volume of $1M mean while only 1000 is in circulation.
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.
Does Coinmartketcap fake
. Is it a right information . If yes can you give us a webgite which give us a right information. Thank you so much.I have used Coinmarketcap at the beginning when the first time I joined this market, I've very liked it and trusted it, so sad to hear it fake informations
Lol he doesn't mean fake like that...i mean the calculations are extremely perfect. But the marketcap can't give perfect precision about liquidity unless it's added (not volume)
No, I think that the market cap of bitcoin is real. Many exchange are controlling the amount of btc. The market situation is very transparent and you could track the every transactions that are made.
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
Lol, you scared of something so illusionary and far from being a reality. Whales has nothing to do with the market cap of Bitcoin and so as the tether. All that's Bitcoin has achieved is due to the people patronizing it and not the whales.
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.
Does Coinmartketcap fake
. Is it a right information . If yes can you give us a webgite which give us a right information. Thank you so much.I have used Coinmarketcap at the beginning when the first time I joined this market, I've very liked it and trusted it, so sad to hear it fake informations
It is very difficult to calculate the real market cap of Bitcoin. Because a huge number of Bitcoins are "lost", i.e no one is having the private key to spend them. This includes the BTC980,000 stash mined by Satoshi.
I guess there is always the possibility of Satoshi's coins entering the market. If he is still around and has access to his private keys, he may still spend them. Even if he isn't attached to material wealth, there is the possibility of him transferring the coins to a Bitcoin Foundation or some charity.
Because whales do nothing to make electronic money turn into fiat, so you have received the wrong kind of news.
Consider the good news not to lose the opportunity as well as money.
In my own opinion yes. The market of bitcoin are false. Because the movement of his market is quetly unpredictable sometimes its up and tomorrow will be down
Exactly what I thought... But someone gave justice to it already. Go to the first page of this discussion.
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.
I think whales will never give up on this market and they think that if they sell Bitcoin and exchange fiat currency, then the crypto market will probably collapse as soon as the whale does it. They only sell Bitcoin when they no longer want to make money with this market
i think whales are invest in crypto for long term and they would not just turn all of their money into fiat like that and i do think if they do it big market crash will happen again.
I think whales will never give up on this market and they think that if they sell Bitcoin and exchange fiat currency, then the crypto market will probably collapse as soon as the whale does it. They only sell Bitcoin when they no longer want to make money with this market
Something tells me that the whales are too wise to do that 
for me it is a great sign that bitcoin is still alive, that they keeping their funds in Bitcoin, because if bitcoin would be dead, I think they would be the first to withdraw the money.
for me it is a great sign that bitcoin is still alive, that they keeping their funds in Bitcoin, because if bitcoin would be dead, I think they would be the first to withdraw the money. 
In my own opinion yes. The market of bitcoin are false. Because the movement of his market is quetly unpredictable sometimes its up and tomorrow will be down
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
Will in my own thought maybe whales are influencng people in the world of digital currency investment,but acting as main owner or the one who control the black chain market i thinks thats is a foul,thats why dont scared,because whales did not do nothing to make the cryptocurrency turns into fiat,while in the other hand the market caps of bitcoin is true,so therefore where did you get thats kind of news? maybe you can read and heard a fakes news about cryptocurrency. 
It is very difficult to calculate the real market cap of Bitcoin. Because a huge number of Bitcoins are "lost", i.e no one is having the private key to spend them. This includes the BTC980,000 stash mined by Satoshi.
I guess there is always the possibility of Satoshi's coins entering the market. If he is still around and has access to his private keys, he may still spend them. Even if he isn't attached to material wealth, there is the possibility of him transferring the coins to a Bitcoin Foundation or some charity.
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.
🤔 that's actually wise. You mean because exchanges might not have the liquidity isn't it?
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.
yes I think so it can be just an estimation of what is on the market but it is a big help in determining such effect can happen on the market with the volume forecasted there we can conclude our analysis on what will be going on the market if such news will be made and how will it react because just like the indicators its only the pass history of the movements of the market a accurate digits on time is hard to post when there is too many players in the market
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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
We can't say it's 100% sure. Btw here I remember coinmarketcup and how they manipulated price in minutes.
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
Convert bitcoin to fiat is not wise decision they should convert bitcoin into gold. That is the right way to save their wealth. Fiat will be useless,I think sell their bitcoin for fiat is their habbit, but they always buy it bitcoin again at lower price.Although gold is kinda stable than btc but Is gold that much of a long term asset. It's sinking day by day.
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
Most must be scared if ever these whales converts their Bitcoins to Fiat. This would really make the market crash dramatically. However, I believe that we won't be seeing this in the near future. Most of these whales are already rich and are just making their money grow.
Tether could produce more if ever they believe that this is necessary but I think consensus is necessary before this happens.
Quote
CAN WE SAY THE MARKETCAP OF BITCOIN IS FALSE??
If you are talking about the market cap reflected in CMC or alike, then I suppose they are true because the market cap is just a multiplication between the current price and the current circulating supply. There's no point faking them. However, market cap is irrelevant. Since it is just digits, it doesn't mean anything of significant to Bitcoin at all.
Thank you. This am following.👆👆
no, marketcap is already naturally like that, will not be able to update every second, because market cap just as a place of information at a glance only, different from the market that always update every second.
If whales converting their bitcoin to tether or fiat, its must be affecting on bitcoin price and maybe give big profits in short term for whales. They must be want make profits in long term and i think they will not selling all their bitcoin.
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
Convert bitcoin to fiat is not wise decision they should convert bitcoin into gold. That is the right way to save their wealth. Fiat will be useless,I think sell their bitcoin for fiat is their habbit, but they always buy it bitcoin again at lower price. 
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
Market capitalization is a illustration of the strength of a currency. So I can't say it is 100% correct and may be misleading sometimes. Let me give you an example,
Lets assume a coin named ABC has launched 1000 coins in the market. The coin is listed in an exchange and someone buys 1 coin with $5 price. The market cap of ABC coin will immediately become $5000 without the rest 999 coins hitting the market.
Also to your question, there is no corelation between bitcoin conversion to tether printing. So chill!
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
CAN WE SAY THE MARKETCAP OF BITCOIN IS FALSE??
CAN WE SAY THE MARKETCAP OF BITCOIN IS FALSE??
Tether print as much money people gave them.
I dont see a reason why any whale would convert their bitcoins to fiat at this point if they could exchange at double price not so long ago.
Yes the marketplace is false because 20% of Bitcoin s is lost so Bitcoins marketcap is 20% smaller.
Really? Wow. Thanks. My questions been over answered
Assuming your right about the Marketcap, about the manipulation of Whales ? Do you think we can do something about it? Whales converted Bitcoin to Fiat, printing more FIAT? I see no reason pointing this topic in this forum, it create negative impression, and possible lost of confidence on crypto currency digital transaction. Crypto is Decentralized digital transaction, with support system, Blockchain in place, fundamentals are stable, market structure are clear on the market, one should always remember that Market is Volatile, anything can happened at any given time, with whales manipulation or not? marketcap is false? we can do nothing about it except to protect our investment.
Whales cannot completly manipulate btc or else they might lose the trade. They are following the chart of btc.
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
Lol and it's not asif they all gather at a place for a meeting or something.😁😁😂
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
Most must be scared if ever these whales converts their Bitcoins to Fiat. This would really make the market crash dramatically. However, I believe that we won't be seeing this in the near future. Most of these whales are already rich and are just making their money grow.
Tether could produce more if ever they believe that this is necessary but I think consensus is necessary before this happens.
Quote
CAN WE SAY THE MARKETCAP OF BITCOIN IS FALSE??
If you are talking about the market cap reflected in CMC or alike, then I suppose they are true because the market cap is just a multiplication between the current price and the current circulating supply. There's no point faking them. However, market cap is irrelevant. Since it is just digits, it doesn't mean anything of significant to Bitcoin at all.
As long as bitcoin is trading at the value/coin that is currently making up the market cap, I wouldn't call it false.
It is very difficult to calculate the real market cap of Bitcoin. Because a huge number of Bitcoins are "lost", i.e no one is having the private key to spend them. This includes the BTC980,000 stash mined by Satoshi.
Market cap is where you can see what value of a coin would be in a day in an hour, in a minute or in a seconds. We are to check in there how it is doing and since Bitcoin is on top of every coin in the market then it is TRUE vaue of Bitcoin whether a coin is on top or velow whatever value listed there is true.
I think we are a little over worried. The price of bitcoin is now close to the cost of mining, and if whale continues to lower the price, the miners will collect bitcoin in the market.
I don't think that it is false one because its NOT.
Frist thing, the whole market cap is not just made up of the whales, there is our money too. There is less number of whales (how many are richest?) and rest of the market constitutes of people like you and me.
I guess if they dump the bitcoins that they are holding then also there will be some value to bitcoin for which our money in the market cap will be responsible.
Frist thing, the whole market cap is not just made up of the whales, there is our money too. There is less number of whales (how many are richest?) and rest of the market constitutes of people like you and me.
I guess if they dump the bitcoins that they are holding then also there will be some value to bitcoin for which our money in the market cap will be responsible.
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
If tether keep printing more thether, must be oversupply on market and bitcoin price must be increasing. If whales want to sell their bitcoin, they must be not selling all their bitcoin at same time because its affecting on tether supply and bitcoin price.
Whales cannot completly manipulate btc or else they might lose the trade. They are following the chart of btc.
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
Lol and it's not asif they all gather at a place for a meeting or something.😁😁😂
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
CAN WE SAY THE MARKETCAP OF BITCOIN IS FALSE??
CAN WE SAY THE MARKETCAP OF BITCOIN IS FALSE??
Tether print as much money people gave them.
I dont see a reason why any whale would convert their bitcoins to fiat at this point if they could exchange at double price not so long ago.
Yes the marketplace is false because 20% of Bitcoin s is lost so Bitcoins marketcap is 20% smaller.
Really? Wow. Thanks. My questions been over answered
Whales cannot completly manipulate btc or else they might lose the trade. They are following the chart of btc.
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
CAN WE SAY THE MARKETCAP OF BITCOIN IS FALSE??
CAN WE SAY THE MARKETCAP OF BITCOIN IS FALSE??
Tether print as much money people gave them.
I dont see a reason why any whale would convert their bitcoins to fiat at this point if they could exchange at double price not so long ago.
Yes the marketplace is false because 20% of Bitcoin s is lost so Bitcoins marketcap is 20% smaller.
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
If whales do convert bitcoin to fiat, there's nothing to be afraid of. Irrelevant to what you're talking about. And yes, bitfinex will keep printing more tether, because they are shady as fuck.
Lol...i think them fuckers got sued.
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.
That's not what they are doing by the way. You still seem to be confused again.
Just look at the dominance charts and you'll know that the involvement has lost by many folds when compared to the bullish times.
Its more of a psychological approach of various FOMO investors when Bitcoin reached $20k. That's what fueled the bearish trend.
Hmm. You like master Yoda of cryptocurrency. Always seeing sense in your view. #respect.
I hope to become like you one day. When am done with school. I think am gonna face this shit squarely.
Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
If whales do convert bitcoin to fiat, there's nothing to be afraid of. Irrelevant to what you're talking about. And yes, bitfinex will keep printing more tether, because they are shady as fuck.
I do not know that. I only see the registered coin and volume amount in coinmarketcap. how anyone can manipulate data on coinmarketcap site?
well market cap is based on facts and figures so in order to disprove that,one has to conduct careful research to be able to say that the marketcap of btc is actually true or false.But until a systematic research is done,there will be no valid argument about this topic.
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.
That's not what they are doing by the way. You still seem to be confused again.
Just look at the dominance charts and you'll know that the involvement has lost by many folds when compared to the bullish times.
Its more of a psychological approach of various FOMO investors when Bitcoin reached $20k. That's what fueled the bearish trend.
Whales do not exist as a single unit. Can all whales decide to pull out their money all at once? That's impossible because investors would never have a single mind in any form of business. While you're deciding to sell low, someone is also ready to buy and hold and sell it at a higher price.
yes we can say the maketcap is false if bitcoin have a more mistakes.
I don't get that sir
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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