Mastercoin market cap of $90m??? how is it so high?

El Cabron

vip

Activity: 840

Merit: 1000

Quote from: udecker on December 26, 2013, 11:08:18 AM

Quote from: El Cabron on December 26, 2013, 02:11:37 AM

Quote from: MsCollec on December 26, 2013, 02:08:51 AM

so much innovation

like??

The distributed exchange for starters, portability, and the fact that the Mastercoin protocol is in its infancy yet already functions atop the Bitcoin blockchain with a variety of independent implementations. It will continue to be improved with its active developer base.

So the "distributed exchange" is working?? Or are you just pumping?

udecker

full member

Activity: 142

Merit: 252

Quote from: El Cabron on December 26, 2013, 02:11:37 AM

Quote from: MsCollec on December 26, 2013, 02:08:51 AM

so much innovation

like??

The distributed exchange for starters, portability, and the fact that the Mastercoin protocol is in its infancy yet already functions atop the Bitcoin blockchain with a variety of independent implementations. It will continue to be improved with its active developer base.

El Cabron

vip

Activity: 840

Merit: 1000

Quote from: MsCollec on December 26, 2013, 02:08:51 AM

so much innovation

like??

MsCollec

legendary

Activity: 1400

Merit: 1000

I'm sure this will soar higher when bitcoin price increases. so much innovation

El Cabron

vip

Activity: 840

Merit: 1000

so, this used for anything yet? or soon?

virtualaddict

newbie

Activity: 56

Merit: 0

Quote from: rebel24 on December 26, 2013, 01:02:45 AM

Where did the other $86m of investments come from??

($ 167.57)(563,162 MSC) = $94,369,056.34

If they included the 5000 bitcoin investment it would actually be more.

singula

sr. member

Activity: 462

Merit: 251

It's just a number.

If someone want to buy all the mastercoins, it will cost him much more than $90m, because the more he buys, the more the price will grow.
On the other hand, if people would want to sell (quickly) all the coins they have, the price will drop quickly to a fraction of the price, as there soon would be nobody interested in buying hem for some reasonable price. So perhaps few percent of the coins would be sold near the current price, but then the price will drop down to perhaps 1/10 or 1/100 of the current price (exact values depends on many things like quality of the coin, investor expectations, etc ... and are beyond my knowledge to at least estimate with some reasonable accuracy).

So the final number may be like "cost of buying all coins = $1000M, profit from selling all coins = $10M".

ak84

full member

Activity: 126

Merit: 100

There isn't 85$ million invested. Coinmarket cap takes the price of last trade made and multiplies that by the outstanding coins or shares.

fran2k

hero member

Activity: 784

Merit: 500

LOL.

Saw it yesterday too.

It came just from the mastercoin price rise...

Speculators having fun.

rebel24

member

Activity: 114

Merit: 10

5000 bitcoins were initially invested and at the time the price was close to $100, that makes it $500k.

Thats all the was initially invested!

With the price of bitcoin increasing, the value is at most 7x more which makes it $3.5m market cap today

Yet somehow the market cap is now $90M! Where did the other $86m of investments come from?? Surely with such a massive investment it's forum here would be way more busy and it would have an established quality website and forums.

Anyone have any idea where the other $85m came from? (look at Dogecoin, its market cap is $10m and its forum page is booming here at 350+ pages and increasing rapidly, thats just an example, but you should get the point that there should be massive attention and talking about mastercoin for it to have that much invested in it)

Topic: Mastercoin market cap of $90m??? how is it so high? (Read 963 times)