This is getting serious ... Total CryptoCurrency Market Cap to $30 billion !! - page 3.

Hydrogen

legendary

Activity: 2562

Merit: 1441

This infographic sums up my thoughts on this.

See that tiny dot above the words: "bitcoin $19 billion"?

That's bitcoin's market cap in comparison to the global economy which is pictured to the right of that.

Quote from: franky1 on April 20, 2017, 12:18:33 PM

market cap is bullcrap bubble number.

i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..

thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.

Be honest.

If it were that easy, everyone would do it.

Which means, its not that simple.

BrewMaster

legendary

Activity: 2114

Merit: 1293

There is trouble abrewing

stop looking at marketcap, it is completely useless.
instead look at how bitcoin is being adopted and how that is growing day by day. for now the biggest news of these days is Japan and how they have fully adopted bitcoin as a legal currency and they are already on their way to becoming a bitcoin haven!
and soon more countries will follow.

franky1

legendary

Activity: 4396

Merit: 4755

market cap is bullcrap bubble number.

i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..

thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.

now for the bubble bursting info that blow people minds they will not like to admit to.

1. there is not $29billion in FIAT sat in exchange bank accounts to 'back' the valuations of all the coins in existance.
2. the price of a coin can ba manipulated easily.

it does not take $16mill to raise the price of bitcoin by $1 to make the bitcoin market cap rise by $16m
infact many times i have seen the bitcoin price rise by $1 by trading very little. even if that very little actually spent made the bubble market cap jump by $16m

its time people started to get out their calculators and see reality

Visin

sr. member

Activity: 436

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

$30 billion is nothing, good progress for right now though.

ASHLIUSZ

hero member

Activity: 994

Merit: 502

Quote from: megashira1 on April 20, 2017, 12:05:49 PM

Once fiat can leave the system watch that drop to $24b

Recently the USD dollar fell in value. So this will cause a variation in the market capital, but the volume getting closer to $30 billion is something a good news to experience further growth. Fiat leaving the system is not a possible one as it's the base for every form of growth.

megashira1

legendary

Activity: 1146

Merit: 1000

Once fiat can leave the system watch that drop to $24b

bitpump

full member

Activity: 167

Merit: 101

This is getting serious ...
Total CryptoCurrency Market Cap approaching $30 billion !!
https://coinmarketcap.com/charts/

Topic: This is getting serious ... Total CryptoCurrency Market Cap to $30 billion !! - page 3. (Read 2245 times)