Market cap loss over last 3 days? | Bitcointalksearch.org

AleSergio

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Quote from: azguard on June 07, 2017, 06:03:52 AM

Quote from: SingAlong on June 05, 2017, 08:38:54 PM

Quote from: X-ray on May 27, 2017, 07:18:19 AM

Quote from: FractalUniverse on May 27, 2017, 05:48:13 AM

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

Looks all of the chart will rebound in this time, the bitcoin chart get green candle and more people will be trying to grab more bitcoin and make the market cap will increase again.
Don't worry all of that just common thing in crypto. It's always bounce

Yep. The volatility in cryptocurrencies is natural. It might dump but also it has the ability to pump much higher than what we expect. It is true that the digital world's market is very different from real world's market. If somehow Bitcoin and also the other cryptocurrencies would attain great usage in the real world then it will be a table turner.

Things have started to turn around again price is slowly going again on 3000, will this time go over or we will see another break to lower its price.
But for now see that again exchanges are in full with lot of investors wanna to be there so they can sell when and if it goes over 3000.

But now i think we will see so much demand for buying and not for selling. Increase is like last month around 4% per day.

I think on this wave bitcoin will reach 3000 or maybe more and again we will see its fall to about 2500. Afterwards it will go up again, it will be cycling so to the end of summer i think.

azguard

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Quote from: SingAlong on June 05, 2017, 08:38:54 PM

Quote from: X-ray on May 27, 2017, 07:18:19 AM

Quote from: FractalUniverse on May 27, 2017, 05:48:13 AM

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

Looks all of the chart will rebound in this time, the bitcoin chart get green candle and more people will be trying to grab more bitcoin and make the market cap will increase again.
Don't worry all of that just common thing in crypto. It's always bounce

Yep. The volatility in cryptocurrencies is natural. It might dump but also it has the ability to pump much higher than what we expect. It is true that the digital world's market is very different from real world's market. If somehow Bitcoin and also the other cryptocurrencies would attain great usage in the real world then it will be a table turner.

Things have started to turn around again price is slowly going again on 3000, will this time go over or we will see another break to lower its price.
But for now see that again exchanges are in full with lot of investors wanna to be there so they can sell when and if it goes over 3000.

But now i think we will see so much demand for buying and not for selling. Increase is like last month around 4% per day.

SingAlong

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Quote from: X-ray on May 27, 2017, 07:18:19 AM

Quote from: FractalUniverse on May 27, 2017, 05:48:13 AM

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

Looks all of the chart will rebound in this time, the bitcoin chart get green candle and more people will be trying to grab more bitcoin and make the market cap will increase again.
Don't worry all of that just common thing in crypto. It's always bounce

Yep. The volatility in cryptocurrencies is natural. It might dump but also it has the ability to pump much higher than what we expect. It is true that the digital world's market is very different from real world's market. If somehow Bitcoin and also the other cryptocurrencies would attain great usage in the real world then it will be a table turner.

DOGE12321

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I believe this is the result of the uneven Bitcoin distribution. Hopefully, there will be a time when Bitcoin is distributed to users and this is the period in which Bitcoin would succeed.

FractalUniverse

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... and after only a week, we are back at new all time high market cap, nearing 92 Bln. what a madness Shocked

Schuyler

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Quote from: panju1 on May 29, 2017, 09:22:21 PM

Quote from: Weatherby on May 29, 2017, 05:24:29 PM

Quote from: krisnt80 on May 29, 2017, 08:18:09 AM

This has nothing with global economy, its just a bad day day might turn into a bad week for trading, but in the general people does make money no matter the market cap at all, crypto is different other investments, with that said dont worry with those, because crypto started with few buck and now is worthing bilions.

Since we are seeing big time investors may be there is a link between global stock market and the alt coin market,people might book their profits in the alt coin market if they see a heavy correction in stock market so that they could buy some stocks at a lower price and average the entry point,who knows ,things are changing here as we are seeing huge investments coming into the alt coin market.

The global equity markets are driven by institutional investors. Big pension funds and hedge funds pour in billions of dollars into equity markets. The investor base for crypto, especially marginal alt coins, is very different.

The total market cap for all these altcoins is still relatively small and wouldn't be felt in the real world of investments where billions of dollars are being moved every so often. It's not really a loss, but a transfer where people are just looking to move their money from one place to another where they deem it safer or if they think they can still squeeze profits from.

CheapVccSeller

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Coins rose by a lot in a short time. It's Just the market correcting itself.

panju1

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Quote from: Weatherby on May 29, 2017, 05:24:29 PM

Quote from: krisnt80 on May 29, 2017, 08:18:09 AM

This has nothing with global economy, its just a bad day day might turn into a bad week for trading, but in the general people does make money no matter the market cap at all, crypto is different other investments, with that said dont worry with those, because crypto started with few buck and now is worthing bilions.

Since we are seeing big time investors may be there is a link between global stock market and the alt coin market,people might book their profits in the alt coin market if they see a heavy correction in stock market so that they could buy some stocks at a lower price and average the entry point,who knows ,things are changing here as we are seeing huge investments coming into the alt coin market.

The global equity markets are driven by institutional investors. Big pension funds and hedge funds pour in billions of dollars into equity markets. The investor base for crypto, especially marginal alt coins, is very different.

CARrency

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Quote from: FractalUniverse on May 27, 2017, 05:48:13 AM

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

And hey, it is not happening in real world's market so don't need to be afraid. Market cap might be a big number, but the price are still good for me, especially bitcoin. It lost a $4 billion in market because of the price correction but it is still good. It may be a disaster in real world, but luckily it is the virtual world.

Weatherby

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Quote from: krisnt80 on May 29, 2017, 08:18:09 AM

This has nothing with global economy, its just a bad day day might turn into a bad week for trading, but in the general people does make money no matter the market cap at all, crypto is different other investments, with that said dont worry with those, because crypto started with few buck and now is worthing bilions.

Since we are seeing big time investors may be there is a link between global stock market and the alt coin market,people might book their profits in the alt coin market if they see a heavy correction in stock market so that they could buy some stocks at a lower price and average the entry point,who knows ,things are changing here as we are seeing huge investments coming into the alt coin market.

potatopower

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Quote from: FractalUniverse on May 27, 2017, 05:48:13 AM

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

I am pretty sure at the peak it was almost 90 billion dollars, while right now it is almost 80, so it wasn't too much compared to the fact that it went up from like 40 billion a few weeks back. To be honest I have no ideas how that much money can get into crypto that fast, the adoption can't be that massive and fast, there must something else be happening though I am afraid that the thing that is happening can bring the end of all the cryptocurrencies. Let's hope I'm wrong though. Also the thing that I noticed is that bitcoin gains back it's dominance, coming at 47% now while it was like 43% at one point.

Pettuh4

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Quote from: malev on May 29, 2017, 03:02:34 PM

$4bn in bitcoin i think. but to be honest that is rather profit taking. I would hope to see bitcoin back up around 3k per coin.

That's what we are all hoping for but the loss on the market cap seems to be making the news instead. Bitcoin has started recovering from the supposed dump and very soon we will head into higher heights.

matrix zion

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Quote from: FractalUniverse on May 27, 2017, 05:48:13 AM

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

Why the "if"? ^^
It happens. And a lot.
And on real life goods and supplies, especially raw materials.
But you'll always see the traders and their dogs saying that "it's just the market" and that traders aren't at fault in any way because "without us there would be even more volatility" ahah

Sure
Because there is a rational explanation for 20% of loss of money invested in something that hasn't changed the slightest in the last couple months...

BitFinnese

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Quote from: olushakes on May 29, 2017, 03:04:35 PM

Quote from: FractalUniverse on May 27, 2017, 05:48:13 AM

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

The losses you are referring to is not a real one rather a nominal one so it does not really change anything and the reason is because for example if I bought at $2600+ but now it has fallen to $2200+, in the face value, I have made a loss but in the real sense I haven't because the coin is still in my wallet which makes it unrealized gain. And the realized loss that was made, the gain on that was not made by people in mars just same traders who happened to be there at the time to buy low.

Well market capitalization is all about the market value of total coins, we cannot compare it to the quantity of coins we bought and the quantity of coin we are holding during the fall of value of that coins. The decrease of bitcoin market capitalization simply means the value of bitcoin we are holding is getting lesser and it do matter if we aim to get profit when the value of coin increase.

olushakes

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Quote from: FractalUniverse on May 27, 2017, 05:48:13 AM

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

The losses you are referring to is not a real one rather a nominal one so it does not really change anything and the reason is because for example if I bought at $2600+ but now it has fallen to $2200+, in the face value, I have made a loss but in the real sense I haven't because the coin is still in my wallet which makes it unrealized gain. And the realized loss that was made, the gain on that was not made by people in mars just same traders who happened to be there at the time to buy low.

malev

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$4bn in bitcoin i think. but to be honest that is rather profit taking. I would hope to see bitcoin back up around 3k per coin.

stompix

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Quote from: avikz on May 29, 2017, 02:43:28 PM

Quote from: FractalUniverse on May 27, 2017, 05:48:13 AM

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

True! the decrease in market cap in the real economy would have been disaster but in crypto market it means profit booking and happy customer. So the game is different here than the real world economy.

Not true at all.
The "market cap" of S&P 500 is 21 trillions, a 1% change means 210 billlions or 3 times all the market cap of all altcoins and bitcoin combined.
Throw in another 4 trillions for dow and a few trillions for FTSE.

In the dark week of the 2015 the us markets alone lost 2.1 trillions.
And there was no global disaster.

Brexit wiped off another 2 trilions.
And still nothing.

ktabb

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Quote from: FractalUniverse on May 27, 2017, 05:48:13 AM

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

This would not mean an epic disaster for the global economy at all. Billions are added to or lost from the stock market on a daily basis. Crypto is still tiny and insignificant compared to most stock investments, and a loss of that amount would not even make a blip in the s&p 500 or DJIA. All that said, it's no surprise that bitcoin crashed from $2800 to $2000 and had a rebound to roughly $2300 now. It was well overdue for a correction. I think it is still on its way up in a bubble, but not yet at its peak. I think it will crash somewhere around $5k, but possibly higher. However, I would be very surprised if it went significantly past $8k, which would reflect a larger bubble than the one we saw in 2013.

avikz

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Quote from: FractalUniverse on May 27, 2017, 05:48:13 AM

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

True! the decrease in market cap in the real economy would have been disaster but in crypto market it means profit booking and happy customer. So the game is different here than the real world economy.

We have seen a huge increase in the market cap of most of the major cryptos in last week as people were investing heavily. Now that they have reached their profit goal, they are just pulling up their investment to book profit and again investing in lower price with the hope of the higher price again. But they are only a minor numbers of the investors. Most of the bitcoin investors like me, think of long term and hence they are invested in bitcoin since more than a year which make the difference.

stompix

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Quote from: megynacuna on May 29, 2017, 02:27:47 PM

Quote from: stompix on May 29, 2017, 02:18:47 PM

Quote from: FractalUniverse on May 27, 2017, 05:48:13 AM

Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.

No it is not that big as you think.
The British pound lost close to 30% against the euro last year.
If we stretch the numbers we can get close.

Was the fall of the sterling a disaster for the global economy?
If it was I missed it.

And let's not even compare the two of them.

So if the British pound lost more than 30% of its value does it mean we should neglect Bitcoin's loss of market cap? So why don't you want us to compare the two of them?

Because bitcoin is counted in billions and the pound if we refer only to the m3 in trilions.
Bitcoin does 300k transaction a day , the pound ... well there are 60 millions british who pay daily with the sterling.
Bitcoin is represented by a few millions userbase , the pound by a g7 country with nuclear weapons.

Should I keep going?

Topic: Market cap loss over last 3 days? (Read 1749 times)