Declining Bitcoin market cap dominance - page 2.

oblivi

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Quote from: gustav on January 23, 2015, 01:01:19 AM

Inflation killed it. Can't hold the drink. Too high payout to miners, they control the market. Hashrate wants to be paid.
No incentive for investors but good incentive for miners (until it's not)
Bitcoin is broken at the fundamentals. Unobtanium deserves more attention as it presents a solution to the problem.

All money which is pumped into bitcoin bleeds out again instantly. That is a problem.

Litecoin is twice as doomed (30% inflation)

Bitcoin needs at 220$ price 5500$ every 10 minutes to run. (blockreward multiplied with marketprice = cost every 10 minutes)

How in hell do you want UNO to be adopted mainstream? UNO will never be mainstream, it just lacks everything that something needs to be mainstream. Bitcoin sounds soo much cooler, the network effect of Bitcoin is insanely big.

Q7

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And you make your conclusion solely based on ripple? I hope you are making a one to one comparison. xrp is a coin issued by a company and btc is owned by the community. So is that similar in any way? I will definitely hold on to bitcoin no matter what the price is.

Nxtblg

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Quote from: Eamorr on January 21, 2015, 12:36:35 PM

As of today, Bitcoin's market cap is only x6 its nearest competitor.

http://coinmarketcap.com/

As the days and weeks go by, I see us going x5, x4, x3...

Should we start getting worried at x2? What then?

Only Ripple, by the way.

If Ripple's reported market cap ever got above Bitcoin's, I wouldn't worry - I'd keep an eye out to see if it prompts a pile-in from Bitcoin to Ripple. It's be interesting to see if that happens - or if that doesn't.

Anotheranonlol

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Quote from: Eamorr on January 23, 2015, 04:23:22 PM

The x6 figure in the OP (from coinmarketcap) is not based on 100bn. It's based on the 30bn.

The x2 figure you quoted is based on 100bn.

Anyway, the ratio is converging slowly, but steadily.

How many XRP exist- 30bn or 100bn?

Eamorr

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Quote from: Anotheranonlol on January 23, 2015, 04:05:55 PM

Quote from: Eamorr on January 23, 2015, 01:07:04 PM

Ripple needs reserves to get big players on board (central banks, governments, banks)

I don't think it's fair to include the reserves.

Would you be worried at x2? I wouldn't be at all surprised if Ripple was 10 times BIGGER than Bitcoin by the end of the year. Some think this is a crazy belief, but from what I've seen, heard and from the people I've met; global finance is in for a shakeup on a scale not seen since the introduction of credit cards by American Express, BankAmericard, Diners Club, etc.

You're asking me if I'd be worried at x2, as I wrote we are already at x2. It's not just XRP reserves held by RL, but privately held XRP interests, sweetheart deals, bulk buyers, forthcoming business allocations not included in the figures you reference. The market cap of the XRP anti-spam token/bridge-currency. (of which even a major bank does not need more than a modest amount) is now half that of mastercard at IPO. That's the reality.

They are not 'blacklisted' by the protocol, they are not unspendable. Either the markets priced that supply in or they haven't. I wager they haven't. The well understood facet of bitcoin is the hard cap of 21 million total supply. As blocks are mined the total supply increases until it hits this wall. No entity owns another 40 million this second that aren't included in common market cap calculations and aren't taken into account by market participants valuations. The idea is ludicrous.

Just because a significant amount of BTC that was privately brought in marshals auction, or held by a hedge fund, exchange etc doesn't mean we erase them from the available supply. Right now you are simply pretending only 30 billion XRP exist in the world when there is 100 billion, based on the presumption they aren't available for 'public' purchase.

The x6 figure in the OP (from coinmarketcap) is not based on 100bn. It's based on the 30bn.

The x2 figure you quoted is based on 100bn.

Anyway, the ratio is converging slowly, but steadily.

Anotheranonlol

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Quote from: Eamorr on January 23, 2015, 01:07:04 PM

Ripple needs reserves to get big players on board (central banks, governments, banks)

I don't think it's fair to include the reserves.

Would you be worried at x2? I wouldn't be at all surprised if Ripple was 10 times BIGGER than Bitcoin by the end of the year. Some think this is a crazy belief, but from what I've seen, heard and from the people I've met; global finance is in for a shakeup on a scale not seen since the introduction of credit cards by American Express, BankAmericard, Diners Club, etc.

You're asking me if I'd be worried at x2, as I wrote we are already at x2. It's not just XRP reserves held by RL, but privately held XRP interests, sweetheart deals, bulk buyers, forthcoming business allocations not included in the figures you reference. The market cap of the XRP anti-spam token/bridge-currency. (of which even a major bank does not need more than a modest amount) is now half that of mastercard at IPO. That's the reality.

They are not 'blacklisted' by the protocol, they are not unspendable. Either the markets priced that supply in or they haven't. I wager they haven't. The well understood facet of bitcoin is the hard cap of 21 million total supply. As blocks are mined the total supply increases until it hits this wall. No entity owns another 40 million this second that aren't included in common market cap calculations and aren't taken into account by market participants valuations. The idea is ludicrous.

Just because a significant amount of BTC that was privately brought in marshals auction, or held by a hedge fund, exchange etc doesn't mean we erase them from the available supply. Right now you are simply pretending only 30 billion XRP exist in the world when there is 100 billion, based on the presumption they aren't available for 'public' purchase.

bitcoin_bagholder

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Quote from: EvilDave on January 23, 2015, 08:24:17 AM

Quote from: spinnel on January 23, 2015, 06:36:16 AM

Quote from: e-coinomist on January 23, 2015, 12:44:59 AM

You have to sort on trade Volume 24h. Market Cap means nothing

.......

+1

I have witnessed a few shitcoins that briefly showed as having a bigger market cap than bitcoin. They all had low volume and their devs used the cheap trick of buying a small quantity at an exorbitant price. During one of the doge coin pumps someone stated it off by buying a small amount at the price of one doge = one bitcoin. That briefly gave doge coin the appearance of having a bigger market cap than bitcoin.

Just watch MarineCoins movements for a few days:
http://coinmarketcap.com/currencies/marinecoin/

(Do NOT, for the love of God, buy any)

You'll notice that MC is now down at # 53 on CMC (-54%, $18 24hr trade), sometime in the next couple of days the MC dev will pump it with a $200 buy-in all the way back up to around #20, and then it'll slide back down until the next pump.

This is a perfect n00b trap, btw, because it's very easy to look at the % price rise, think "Wow, thats going up" and then buy in. The problem is that because there is no real trade volume, an investor will not be able to sell out and ends up as a bag holder immediately.

Always check the trade volume: anything under $1000 per day is not really tradeable. Might be a good long term investment, but in the short term: avoid.

Another classic example of this was Neutrinocoin.

Friggin' joke!

unusualfacts30

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I think people who should've been worried already cashed out majority of their BTC.

People who bought now won't get worried till it reaches $100 and then they'll sell

then people who buys at $100 won't get worried until it reaches $20

so on and so forth.

circle of life and btc.

Eamorr

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Quote from: Bit_Happy on January 23, 2015, 01:11:47 PM

Ripple should not be on the list, it is not a decentralized "Alternate cryptocurrency".

Ripple Labs marketing folks certainly would not want to be ranked alongside geek coinz, ponzi coinzs, hippie coinz, black market coinz and terrorist coinz.

It would be wrong to say Ripple is centralised. It's not. It's distributed.

Bit_Happy

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A Great Time to Start Something!

Ripple should not be on the list, it is not a decentralized "Alternate cryptocurrency".

Eamorr

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Quote from: Anotheranonlol on January 23, 2015, 11:19:56 AM

Quote from: Eamorr on January 21, 2015, 12:36:35 PM

As of today, Bitcoin's market cap is only x6 its nearest competitor.

http://coinmarketcap.com/

As the days and weeks go by, I see us going x5, x4, x3...

Should we start getting worried at x2? What then?

No it is not, it Is already only x2..
https://www.ripplecharts.com/#/

Coinmarketcap shows you <14 million BTC are in circulation. If an extra 26 Million BTC existed right now at protocol level-- in the hands of corporations, private entities, HNWI's etc it would probably make sense to factor those coins into your calculation of market cap unless everyone else is pretending they don't exist as well.

Ripples (XRP) exist in large quantities outside of the bounds of "available supply" given by coinmarketcap. I'd argue even factoring in lock-up agreements and such, 'non public' coins are still very much available supply, Ultimately At your intepretation of x2, ripple will have already have fully surpassed btc

Ripple needs reserves to get big players on board (central banks, governments, banks)

I don't think it's fair to include the reserves.

Would you be worried at x2? I wouldn't be at all surprised if Ripple was 10 times BIGGER than Bitcoin by the end of the year. Some think this is a crazy belief, but from what I've seen, heard and from the people I've met; global finance is in for a shakeup on a scale not seen since the introduction of credit cards by American Express, BankAmericard, Diners Club, etc.

Anotheranonlol

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Quote from: Eamorr on January 21, 2015, 12:36:35 PM

As of today, Bitcoin's market cap is only x6 its nearest competitor.

http://coinmarketcap.com/

As the days and weeks go by, I see us going x5, x4, x3...

Should we start getting worried at x2? What then?

No it is not, it Is already only x2..
https://www.ripplecharts.com/#/

Coinmarketcap shows you <14 million BTC are in circulation. If an extra 26 Million BTC existed right now at protocol level-- in the hands of corporations, private entities, HNWI's etc it would probably make sense to factor those coins into your calculation of market cap unless everyone else is pretending they don't exist as well.

Ripples (XRP) exist in large quantities outside of the bounds of "available supply" given by coinmarketcap. I'd argue even factoring in lock-up agreements and such, 'non public' coins are still very much available supply, Ultimately At your intepretation of x2, ripple will have already have fully surpassed btc

EvilDave

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Quote from: spinnel on January 23, 2015, 06:36:16 AM

Quote from: e-coinomist on January 23, 2015, 12:44:59 AM

You have to sort on trade Volume 24h. Market Cap means nothing

.......

+1

I have witnessed a few shitcoins that briefly showed as having a bigger market cap than bitcoin. They all had low volume and their devs used the cheap trick of buying a small quantity at an exorbitant price. During one of the doge coin pumps someone stated it off by buying a small amount at the price of one doge = one bitcoin. That briefly gave doge coin the appearance of having a bigger market cap than bitcoin.

Just watch MarineCoins movements for a few days:
http://coinmarketcap.com/currencies/marinecoin/

(Do NOT, for the love of God, buy any)

You'll notice that MC is now down at # 53 on CMC (-54%, $18 24hr trade), sometime in the next couple of days the MC dev will pump it with a $200 buy-in all the way back up to around #20, and then it'll slide back down until the next pump.

This is a perfect n00b trap, btw, because it's very easy to look at the % price rise, think "Wow, thats going up" and then buy in. The problem is that because there is no real trade volume, an investor will not be able to sell out and ends up as a bag holder immediately.

Always check the trade volume: anything under $1000 per day is not really tradeable. Might be a good long term investment, but in the short term: avoid.

H.W.Z

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I am not worry! Probably it is a good sign to shift ur investment to other promising altcoins! We know that crypto technology is evolving and we should keep our mind open!

spinnel

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Quote from: e-coinomist on January 23, 2015, 12:44:59 AM

You have to sort on trade Volume 24h. Market Cap means nothing

.......

+1

I have witnessed a few shitcoins that briefly showed as having a bigger market cap than bitcoin. They all had low volume and their devs used the cheap trick of buying a small quantity at an exorbitant price. During one of the doge coin pumps someone stated it off by buying a small amount at the price of one doge = one bitcoin. That briefly gave doge coin the appearance of having a bigger market cap than bitcoin.

kelsey

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btc/ltc are both deflationary so the above points are moot.

gustav

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Inflation killed it. Can't hold the drink. Too high payout to miners, they control the market. Hashrate wants to be paid.
No incentive for investors but good incentive for miners (until it's not)
Bitcoin is broken at the fundamentals. Unobtanium deserves more attention as it presents a solution to the problem.

All money which is pumped into bitcoin bleeds out again instantly. That is a problem.

Litecoin is twice as doomed (30% inflation)

Bitcoin needs at 220$ price 5500$ every 10 minutes to run. (blockreward multiplied with marketprice = cost every 10 minutes)

e-coinomist

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Money often costs too much.

You have to sort on trade Volume 24h. Market Cap means nothing, a coin isn't worth that value. If you sell all coins, last one goes away for zero. If you multiply that with number of all existing coins you get the "real value"
What is done there is multiplying all coins with price of the very first coin getting sold.

Back on your question: Then, POW mining finally bites the dust.

Eamorr

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As of today, Bitcoin's market cap is only x6 its nearest competitor.

http://coinmarketcap.com/

As the days and weeks go by, I see us going x5, x4, x3...

Should we start getting worried at x2? What then?

Topic: Declining Bitcoin market cap dominance - page 2. (Read 3333 times)