Market cap loss over last 3 days? - page 2.

megynacuna

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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?

stompix

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Blackjack.fun

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.

szpalata

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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.

Yes and I think the loss was inevitable so we shouldn't ride on these market gymnastics to predict doom for Bitcoin because in no time theprices will recover again and hopefully the trading maker cap will pick up too.

krisnt80

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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.

Iranus

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Quote from: freebutcaged on May 28, 2017, 09:34:49 AM

If I had a coin listed on yobit and then I was trading it with myself pumping it's price up to $100 and if it had a total supply of 1 coin then the market

Share for my coin would be $100 I hope now you understand what market share means

market share
noun
the portion of a market controlled by a particular company or product.

So that's not the market share of anything, it's the market cap, which is unrelated. Bitcoin's market share is a percentage of the total cryptocurrency market (which counts pseudo-cryptocurrencies like Ripple), while its market cap is a consistent number, which is just the supply multiplied by the price.

Furthermore, there are several inherent flaws in the concept of market caps for currencies, including:

-Not all of these coins are actually traded, and it's difficult to compare how much the total supply would actually be worth. If I held all of the ETH in existence and I tried to sell it, I wouldn't actually get ETH's market cap for it - far from it.

-The scenario of having one coin on an exchange and selling it could be the same if the coin had an extremely high supply. Say that the altcoin Devs hold a majority of the coins like Ripple - then the market cap becomes meaningless because not all of it is available.

I could equally create an altcoin with a supply of ten octillion and list it on YoBit (shouldn't be too hard). I sell one to myself for 100 dollars and boom, the market cap is one nonillion. Not too hard, was it?

Mometaskers

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Quote from: Xester on May 27, 2017, 05:57:55 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.

This just implies that bitcoin is not yet distributed to millions of people it just means that majority of bitcoins are at the hands of the whale. Time will come when bitcoin vastly distributed to holders there will be a stable trading just like gold. And when that time comes bitcoin becomes a normal currency being used by the majority of the people in the world.

But wouldn't that take even much longer to happen now, considering that even after this dump, prices are still much higher than a few months ago? A large number of "independent holders" are people from poorer countries working abroad and using bitcoin to send remittances, buying a few bits every now and then. The increased transaction fee has already put off some and it's becoming even more unlikely they'll be buying some more with that rate.

ethereumhunter

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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.

unfortunately, bitcoin is only in internet so far and its not affect in the real world too serious but maybe if bitcoin is really used by all country, it can give big affect for the global economy.

Quote from: FractalUniverse on May 28, 2017, 12:34:13 PM

Quote from: Ayers on May 28, 2017, 09:29:52 AM

no no you can't count marketcap loss like that because the marketcap is based on all the 16M coins, and the calculation is off, because only a little fraction of 16M coins is used in all the exchange, or you really think that investors are trading with 16 millions coins? this is stupid to think you know

do you really think that investors are trading with 5 billions of Apple shares? (for instance) this is stupid argument you know Wink

and what about margin trading?

maybe its true that investors are trading with 5 billions of apple shares because we don't know what is the true with the news in out there and we only see the things that happen in market exchange. actually i don't know about margin trading and i think its too dangerous for me to play margin trading, its really need big capital to make good profit.

Mr

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people believe that they have earned a good profit from bitcoin and altcoin and they decided to sell all to get fiat. It caused a chain which makes panic people sell all their bitcoin. Anyhow, no need to worry, bitcoin will soon increase its prices

surus

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Total market capitalization of cryptoworld is still only a peanut compared to the even smallest sectors in finance. Even though the hype makes supporters to outrun themselves in the valuation of single projects, the general market will grow over time.

Fortify

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I'd say the rise up to the recent peak was more staggering. Whenever you see those phenomenal price rises (100%+) it is natural to see a correction. People will get nervous when the peak starts dropping and there is a domino effect - landing around the $2,000 per bitcoin like right now is still a great thing.

yoseph

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Since the market is supported by no countries economy, it's understandable why it didn't cause any financial problems but it really bounced back almost immediately showing how strong it really is.

FractalUniverse

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Quote from: Ayers on May 28, 2017, 09:29:52 AM

no no you can't count marketcap loss like that because the marketcap is based on all the 16M coins, and the calculation is off, because only a little fraction of 16M coins is used in all the exchange, or you really think that investors are trading with 16 millions coins? this is stupid to think you know

do you really think that investors are trading with 5 billions of Apple shares? (for instance) this is stupid argument you know Wink

and what about margin trading?

dothebeats

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Cashback 15%

Quote from: FractalUniverse on May 27, 2017, 06:32:13 AM

panju1: thanks for the link, interesting charts.

20-25% loss of total market cap is not that bad yet. looks like bitcoin returned back above 50% of market share, and biggest market share losers were litecoin and ripple.
So bitcoin seems to be coming out as relative winner from this crash.

Xester> it will take probably several years. but if more people buy BTC for long term investment, supply of tradable coins on the market will become more dominated by trading whales. So maybe it needs to be not just distributed, but also much more widely used for buying stuff and other real life transactions.

Afaik, ripple is a privately-held coin and most people only use it as an investment and no one really bothers much to use it like bitcoin. Aside from that, only a few services use ripple as a payment method since its true value is only for investing. All the money lost from altcoin would be converted to bitcoin soon.

freebutcaged

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If I had a coin listed on yobit and then I was trading it with myself pumping it's price up to $100 and if it had a total supply of 1 coin then the market

Share for my coin would be $100 I hope now you understand what market share means, however if you look at the current market you'll see how

The dumpers a.k.a whales cashed out and dumped on unsuspected poor bastards, now they just hold some useless coins, if you are holding Bitcoins

then it's better if you keep holding them because unlike all the shitcoins you could actually sell later to profit on it.

Ayers

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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.

no no you can't count marketcap loss like that because the marketcap is based on all the 16M coins, and the calculation is off, because only a little fraction of 16M coins is used in all the exchange, or you really think that investors are trading with 16 millions coins? this is stupid to think you know

raven7886

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Quote from: Wandika on May 27, 2017, 08:30:15 AM

Quote from: raven7886 on May 27, 2017, 07:50:26 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.

Last three days ? I am sorry I am watching down fall only yesterday and today. Moreover what is the significant of this discussions ? We are all well aware of how quickly bitcoins do bounce back usually and market capitalization are just number for any comparisons. This discussion may create panic with beginners, I believe we should give room for that.

Bitcoin is always bounce back in quick time. So, we never need to worry about recent down falls.

Beginners may doubt now since they only invested on seeing the btc value this week,but soon they can realize that its part of btc every downfall will surely have arisen in time ,we just need to save more btc by then we can enjoy the hyoe again.

Yes, we must always work in favor of saving new innocent investors. Instead of showcasing some wired facts of bitcoin economics, we must focus on how quickly bitcoin may get back into another wave of appreciations which will be leading prices to reach $3000 and then $5000 levels.

Moreover, we may try explaining people about the advantages of trading bitcoins among these high fluctuations then they will start believing into bitcoins which might help them to keep their faith.

megynacuna

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Quote from: Lancusters on May 27, 2017, 07:34:18 AM

We see an example of speculation on the market of cryptocurrencies. I'm not going to pay attention to it. If there is no panic then the price will quickly return to 2000-2200 USD per 1 bitcoin. If the price will fall and then it will be a good opportunity to buy bitcoin and earn in the future.

That's precisely what's happening, it's gradually climbed beyond $2,200 and hopefully by Monday back to its peak or even better. I don't blame the panic sellers, they are mostly newbies and are easily misled by negative news in the media.

Wandika

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In CryptoEnergy we trust

Quote from: raven7886 on May 27, 2017, 07:50:26 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.

Last three days ? I am sorry I am watching down fall only yesterday and today. Moreover what is the significant of this discussions ? We are all well aware of how quickly bitcoins do bounce back usually and market capitalization are just number for any comparisons. This discussion may create panic with beginners, I believe we should give room for that.

Bitcoin is always bounce back in quick time. So, we never need to worry about recent down falls.

Beginners may doubt now since they only invested on seeing the btc value this week,but soon they can realize that its part of btc every downfall will surely have arisen in time ,we just need to save more btc by then we can enjoy the hyoe again.

Decoded

legendary

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give me your cryptos

Honestly, I hope the price drops more. The lower it is, the more stable it will be. There's no significant problems with Bitcoin at the moment besides the hype. We are having a price correction, and this will mean coins are even cheaper, for even longer. I'm personally waiting for a sub-$2000 price tag before buying a couple.

After a short period of stability, we will see stable growth, especially with the new positive news coming from miners and large Bitcoin players.

Who else is with me? Cheesy

raven7886

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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.

Last three days ? I am sorry I am watching down fall only yesterday and today. Moreover what is the significant of this discussions ? We are all well aware of how quickly bitcoins do bounce back usually and market capitalization are just number for any comparisons. This discussion may create panic with beginners, I believe we should give room for that.

Bitcoin is always bounce back in quick time. So, we never need to worry about recent down falls.

Topic: Market cap loss over last 3 days? - page 2. (Read 1749 times)