Topic: Something of note... The slow decline of the crytpocurrency market cap (Read 673 times)
February 12, 2014, 01:19:17 AM
omg after a 50000%increase in the cryptocurrency markets last year we arent going up another 50000% this year??WHAT THE FUCK THIS IS ALL A SCAM EVERYBODY SELL
February 12, 2014, 01:18:16 AM
Every dollar value is based on Bitcoin, and BTC price has been down sharply recently.
It's as simple as this...
It's as simple as this...
February 12, 2014, 01:18:14 AM
all the coins are match to bitcoin's value, so when bitcoin drops, most of them drops too... that's the big difference in the market cap value
February 12, 2014, 01:18:03 AM
all alts combined is less then 1/8th of bitcoin's market cap. (currently) Generally 1/12th of bitcoin's market cap
If bitcoin says to sit, all alt-currencies will obey and sit.
A no, ripple is not an alt-currency or digital currency
If bitcoin says to sit, all alt-currencies will obey and sit.
A no, ripple is not an alt-currency or digital currency
February 12, 2014, 01:15:37 AM
I just thought this is something to ponder over. On the website: http://coinmarketcap.com/ at the bottom is currently displayed: Total Market Cap: $ 10,884,292,471.
Now this seems 'Wow', but in the last 2 months it has slowly gone from over 14Bil Market Cap to 11Bil, and this is despite the fact that the list of coins was (very roughly) 60, they've since added 40 more alt-coins but the total cap has dived by 50%.
Does this mean the market is diversifying to a massive extent (including the many coins not listed), or has apathy hit the market and people are slowly removing themselves from the cryptocurrency market?
* please note my figures are very rough, but the point still stands.
Now this seems 'Wow', but in the last 2 months it has slowly gone from over 14Bil Market Cap to 11Bil, and this is despite the fact that the list of coins was (very roughly) 60, they've since added 40 more alt-coins but the total cap has dived by 50%.
Does this mean the market is diversifying to a massive extent (including the many coins not listed), or has apathy hit the market and people are slowly removing themselves from the cryptocurrency market?
* please note my figures are very rough, but the point still stands.
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