Do you think this market has legs? | Bitcointalksearch.org

crypto_elle

newbie

Activity: 14

Merit: 0

Quote from: Tilbrook007 on April 11, 2018, 11:23:01 AM

40 percent of Bitcoin is owned by 1000 people and 53 percent of daily volume is Japanese. Did you know 95 percent of Cardono is in Japanese hands?

crypto is very popular in Japan and in Asia overall. much more popular than in Europe or US, even though Asian countries are introducing tougher regulations now. So no wonder

Tilbrook007

jr. member

Activity: 294

Merit: 3

Quote from: Tilbrook007 on April 11, 2018, 11:29:16 AM

Quote from: Hughesy26 on April 11, 2018, 11:26:43 AM

As a currency market bitcoin, and cryptos more generally, are currently tiny. Currencies have circulating valuations in the 10s - 100s of trillions of dollars

It's not that helpful to compare market caps to companies in my opinion. Companies market caps are calculated as the share price x total shares, and is very indicative of how much profit/dividend the company will generate. Cryptos are not shares, so you are not coparing apples with apples when looking at market caps

Yes, the dire hard bitches on this forum think that BTC will go mainstream: just educating them with reality!

You are a bitch, Market cap and daily volume tell all. BTC is a small entity that could be crushed by legislation. Also the alts, Ripple could be deemed as a security and have a zero price! Monero could be banned completely! I love Crypto but have to face reality!

Tilbrook007

jr. member

Activity: 294

Merit: 3

I love BTC but have to look at the facts!

Tilbrook007

jr. member

Activity: 294

Merit: 3

Quote from: Hughesy26 on April 11, 2018, 11:26:43 AM

As a currency market bitcoin, and cryptos more generally, are currently tiny. Currencies have circulating valuations in the 10s - 100s of trillions of dollars

It's not that helpful to compare market caps to companies in my opinion. Companies market caps are calculated as the share price x total shares, and is very indicative of how much profit/dividend the company will generate. Cryptos are not shares, so you are not coparing apples with apples when looking at market caps

Yes, the dire hard bitches on this forum think that BTC will go mainstream: just educating them with reality!

Hughesy26

jr. member

Activity: 182

Merit: 1

As a currency market bitcoin, and cryptos more generally, are currently tiny. Currencies have circulating valuations in the 10s - 100s of trillions of dollars

It's not that helpful to compare market caps to companies in my opinion. Companies market caps are calculated as the share price x total shares, and is very indicative of how much profit/dividend the company will generate. Cryptos are not shares, so you are not coparing apples with apples when looking at market caps

Tilbrook007

jr. member

Activity: 294

Merit: 3

40 percent of Bitcoin is owned by 1000 people and 53 percent of daily volume is Japanese. Did you know 95 percent of Cardono is in Japanese hands?

Tilbrook007

jr. member

Activity: 294

Merit: 3

General Electriic has about the same market cap as BTC so I don’t think it has the legs at the moment

Tilbrook007

jr. member

Activity: 294

Merit: 3

Do you really thing the crypto market can advance to a market cap of 700 Billion Plus by Christmas.
I have my doubts but I hope I am wrong!
I don’t believe the media.
I only believe in daily volume and the positive news that can make market participants and potential market participants more positive.
Currently daily volume is LOW and the talk of George Soros and institutional investors coming into the market is talk.

The EU will make regulatory issues diificult but England will not.
The US will drag out their decision making process.

Tread carefully boys and girls!

If you are a trader it is not a big deal but if you are a long term holder be careful!

In my opinion BTC will go 8500 USD from here and then crash to 5200 USD and then it will rise with dignity!

Topic: Do you think this market has legs? (Read 128 times)