Market cap is the only thing what we should care about.

abojamal

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Quote from: ansi on February 21, 2019, 08:48:44 AM

Market Cap in crypto isn't so accurate, just letting you know.
Market Cap in cryto doesn't reflect the REAL FIAT money coming in, most people don't know this FACT.
Market Cap can be manipulated by the same cryptos over & over again with the same FIAT money !!! YES that's so true & people still don't know this.
The real Market Cap of crypto is so ambiguous so far even though we're crypto is 9 years old now.
The real Market Cap will come once the real monetary institutions comes in & we know how much Real fiat got in & out, that's the only real market cap.

Your words may be true
But we are dealing within the available limits informations to us
The Market Cap number is a very vital and important figure.

trader34

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Quote from: lolgato1 on February 21, 2019, 08:38:49 AM

Hi, I have just realized, that crypto was really overvalued in 2017 and probably we will not see these prices again.

Look for example on Ethereum: https://coincheckup.com/coins/ethereum/predictions - Ethereum ATH price was 1500USD it equals 4% of all M1 money in the world, that is lot of money!

Or people think that Bitcoin can reach 100,000USD - it equals 10% of all M1 money in the world.

Don´t you think that the hype of crypto is over?

The market cap estimate does not actually show all the money that entered the market. It only indicates the value that the coin would have if all the circulating supply was sold at market price at a given time (which is unattainable, because when a lot of people decide to sell the price will collapse). So a relatively small amount of money is enough to raise prices and therefore the market cap.

HappyCaptain

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Quote from: chocopapaya on February 27, 2019, 04:14:19 PM

We will see the same thing with good projects.
Projects that have actually real world utility.
These are the ones that will end up bringing even more value.

this is so true! the market value always go up or down but the good projects will stay in the crypto industry while unworthy projects or no real-life use will be eliminated. when that time happens we will see the real value of any cryptocurrency.

romaleshc

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Why do you think we should only care about Market cap while there are so many things we need to care about like trading volume, exchanges listed on, team behind each cryptocurrency,.... A good cryptocurrency will have good team behind, be listed on good exchanges and has very high trading volume but as I can see on Coinmarketcap that not all high Market cap cryptocurrencies are good

.

bitcoin31

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I don't think the markte last 2017 is overvalued because I think they have higher price will cone compared to the 2017. Maybe it's not today but for sure it soon to happen. Market cap is what we care about because of this we can analyze if the market is good or bad.

chocopapaya

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A half agree with you, half disagree.
Yes, crypto was way overvalued in 2017.
When we look back, it was crazy to think that could continue.
The 2018 crash makes a lot more sense in retrospect.

however, I 100% believe crypto can reach it's previous value and exceed it.
Of course, it is impossible for all coins to reach those crazy values.
But what is more important is that crypto will be around forever.

Just like the dot.com bubble, the internet survived that.
Yes, many companies failed, but the good companies survived it and are even more valuable today than back then.

We will see the same thing with good projects.
Projects that have actually real world utility.
These are the ones that will end up bringing even more value.

Okity21

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you need to take care of market capitalization and constantly be in the top and up to date with all the news.
Only those market players who acquire valuable knowledge in the market will be guaranteed success.

DeadCoin

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The primary would be the marketcap. But the concern team who has to care about it and as a trader we need to keep looking into it along with thw volume tge coin us traded at. Based on the marketcap, number of traders go towards the concern coin. This confirms a certain move in trading.

Chinsmokers

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Market cap is just the basic informative for us to know and trace the trading volume of an specific token. And it is manipulated easily so it doesnt really matter and it doesnt affect the price

semobo

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In my opinion I will say just don't care about the market cap value because most of the time it gets manipulated so you can't decide what is the right thing for you, just Need to stick with your coin and its technology so you will make profits when your time comes.

xuv500

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Market cap is just like a alarm where you will get information of the current market value. Price manipulation is thing which makes us very frustrating if this happens then the value of every coin drops.

whaawh

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Quote from: adekogbe on February 27, 2019, 01:28:01 PM

This is not exactly correct because the real market cap value is not actually what we see because this market is still subject to a lot of manipulations and cryptocurrencies in general is not as transparent as it seems to be.

The values of the coin market cap does not really reflect the fiat holdings of cryptocurrencies that exchanges can easily manipulate figures just to get higher rankings and with a lot of shitcoins in the market this manipulation is even much easier

However with the presence of financial institutions making entry into the capital world and more regulation this can be put in check

It seems to me that if, after the berries, for the opportunity to remove unnecessary and bad coins from the cryptocurrency market, this will give the opportunity to concentrate all investors' funds into rating coins, as well as those Coins that are still in demand in society. Thus, we can improve the state of the cryptocurrency market by concentrating capitalization in promising projects.

adekogbe

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This is not exactly correct because the real market cap value is not actually what we see because this market is still subject to a lot of manipulations and cryptocurrencies in general is not as transparent as it seems to be.

The values of the coin market cap does not really reflect the fiat holdings of cryptocurrencies that exchanges can easily manipulate figures just to get higher rankings and with a lot of shitcoins in the market this manipulation is even much easier

However with the presence of financial institutions making entry into the capital world and more regulation this can be put in check

kentrolla

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Quote from: daarul50 on February 27, 2019, 12:38:30 PM

It is difficult to match crypto prices in 2017 and maybe the conditions for that year may not be met in the future. However, I feel that cryptocurrency is still too young in the investment world. Cryptocurrency is still growing and there is still the possibility that crypto prices will continue to improve along with the development of crypto, the most important of which will happen in the future is not just bubbles for investors and cunning traders to get instant profits.

Yes, it's not like before the top coins of the CMC chart is not as expected and there seems to be like market is unpredictable these days sometimes it pumps and drops again, it's not about giving priority to CMC chart all we need to look is the project and it's potential. CMC chart will just give you the information and status of a coin but not a solution to pump market.

daarul50

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It is difficult to match crypto prices in 2017 and maybe the conditions for that year may not be met in the future. However, I feel that cryptocurrency is still too young in the investment world. Cryptocurrency is still growing and there is still the possibility that crypto prices will continue to improve along with the development of crypto, the most important of which will happen in the future is not just bubbles for investors and cunning traders to get instant profits.

uyysidmc

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Quote from: lolgato1 on February 21, 2019, 08:38:49 AM

.
Don´t you think that the hype of crypto is over?

I think the crypto hype is not over because the adoption of Bitcoin on large companies and on other countries is becoming more. Like on here in Philippines we have now Bitcoin ATM. And Samsung are supporting Crypto now. There will be hype soon but not now.

baghdatis1990

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We should not forget that in the last two weeks, the prices of the main coins on the coinmarketcap have increased. Market share is getting better, so I think slowly but surely, prices will reach the target of 2017. We do not have to think about the market head alone. I think it is more important to choose a project according to its potential. Marketcap just brings some information and is not so precise.

bitgolden

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Quote from: lolgato1 on February 21, 2019, 08:38:49 AM

Hi, I have just realized, that crypto was really overvalued in 2017 and probably we will not see these prices again.

Look for example on Ethereum: https://coincheckup.com/coins/ethereum/predictions - Ethereum ATH price was 1500USD it equals 4% of all M1 money in the world, that is lot of money!

Or people think that Bitcoin can reach 100,000USD - it equals 10% of all M1 money in the world.

Don´t you think that the hype of crypto is over?

I personally have the belief that The last dose of hype really destroyed the market. It’s going to take time to fix this, and I Sincerely think What’s happening now is healthy. The market is resting and letting itself heal. People who bought in in November and December are leaving crypto and telling their colleagues and friends it’s not worth it and a fraud. This is also good.

Now, the market can recover organically and the next sphere will come in a while once the market is set. Perhaps this time it will be strong enough to maintain the surge, even with another round of hype that will be sure to follow.

chriseasan

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The amount of scam projects should be much lower and this is the main aspect right now. Due to the fact that there are so much fraud ICOs, people are holding their tokens and staying out of the market.

go4crypto

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Every big rally always has a pullback before the next rally. Market will go back to marketcap peak of 2017 later this year or next and will go much higher. Billionaire Tim Draper has forecasted a crypto market cap of $80 - $100 trillion in 10 years so there is huge upside ahead in the crypto bull. That implies that crypto market will be as big as global stock and bond markets.

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