Sad for all those people who moved their Bitcoin into Altcoin 
actually those people are quite happy i'd imagine, they made a lot of money.
Topic: this is just sad - page 2. (Read 2785 times)
actually those people are quite happy i'd imagine, they made a lot of money.
Recently, there has been so much trouble with bitcoin. The bitcoin market is volatile and tends to deteriorate. The hardfork is being oriented and will proceed in the near future, presently bitcoin is branching, and the separation will definitely occur with bitcoin. Although every trading platform sees the BTU as an altcoin, there are still a lot of people hoping for it, which makes things worse, market turbulence and the value of bitcoin decline dramatically.
BTC losing market cap dominance doesn't mean anything, nor would it if it lost its position as "first" in the market cap listings.
Sure it does it what makes news and influences decisions and spend
I wonder where the altcoin market increase went.
Doesn't look like dash, ethereum nor any alt coin prices shifted.
Is it sustaining a massive sell off of alt coins?
Exacta.
Could be a good time to short dash, eth, whatever alts are selling at high volume.
What do you think everybodys been doing all this time when the signal of eth showing to push sudden past 35% in a day.Doesn't look like dash, ethereum nor any alt coin prices shifted.
Is it sustaining a massive sell off of alt coins?
Not for all the scammers sitting on / selling their pre minted crap.
Exacta.
Could be a good time to short dash, eth, whatever alts are selling at high volume.
Those kind of days what else is one to do while watching all these #2 and #3 right behind the top dog are increasing their pace like a dog chasing a car's bumper?
They don't know they'll never catch up to that car and get to chew that bumper unless it gets a flat.
Since bitcoins price is decreasing many have panicked and sell their bitcoins in exchange for dollars and some for Ethereum and DASH. But it was not limited only to bitcoins but other altcoins were also affected including monero whose value drops as bitcoins price drops. This is a sign that if bitcoin will go down all of the crytpcurrency world will go down.
[1] Tech reasons and lack of consensus dev now and the implications for the future
[2] People want to get more, eg 1btc in eth launch is now circa, $100K or 100 BTC, does BTC offer this over the same time frame? So people will continue to buy in to ICO's thus sort of becoming a self fulfilling prophecy
[3] Eth and Dash mayface issues of succession, once ED or VB leaves moves on or whatever, then they will fall into inter-cine deleterious warfare over various tech and other issues, much as BTC has now, so in someways BTC is goingi through this phase much much earlier
[4] The trend is clear, and never faultered only down, you have to diversify in to alts or loose value, and as a hedge against BTC.
[2] People want to get more, eg 1btc in eth launch is now circa, $100K or 100 BTC, does BTC offer this over the same time frame? So people will continue to buy in to ICO's thus sort of becoming a self fulfilling prophecy
[3] Eth and Dash mayface issues of succession, once ED or VB leaves moves on or whatever, then they will fall into inter-cine deleterious warfare over various tech and other issues, much as BTC has now, so in someways BTC is goingi through this phase much much earlier
[4] The trend is clear, and never faultered only down, you have to diversify in to alts or loose value, and as a hedge against BTC.
I wonder where the altcoin market increase went.
Doesn't look like dash, ethereum nor any alt coin prices shifted.
Is it sustaining a massive sell off of alt coins?
Exacta.
Could be a good time to short dash, eth, whatever alts are selling at high volume.
What do you think everybodys been doing all this time when the signal of eth showing to push sudden past 35% in a day.Doesn't look like dash, ethereum nor any alt coin prices shifted.
Is it sustaining a massive sell off of alt coins?
Not for all the scammers sitting on / selling their pre minted crap.
Exacta.
Could be a good time to short dash, eth, whatever alts are selling at high volume.
Those kind of days what else is one to do while watching all these #2 and #3 right behind the top dog are increasing their pace like a dog chasing a car's bumper?
They don't know they'll never catch up to that car and get to chew that bumper unless it gets a flat.
Basically up and down altcoin or familiar bitcoin in trading, that I have seen to this day there is a price increase on a bitcoin. I am sure bitcoin must have gone up again, it is now is a good time to buy (that if you) because if seeing history bitcoin from first launched until now the price rises continue to
It depends on whether or not you are a speculator. If you are not a speculator, then it really doesn't matter. If you are a speculator, then you really don't matter. 
I'm a relatively small Bitcoin investor but I also actually pay my employees in Bitcoin. It saves me thousands of dollars a year vs Paypal. The recent network congestion was a firsthand exposure of the dangers of failing utility as transactions started getting stuck and fees became dangerously uncompetitive.
Hence it really is using utility for employers like you who found a haven in bitcoin for avoiding those fees imposed by Paypal and the likes. Until we can come up with a solid solution as to how we're going to fix this problem, that is the time we can, at the least try to chill out.
Is market cap not the Current value of bitcoins in circulation X Current price of bitcoins???
Is it just "Volume" that you are saying??? Because if these numbers are baseless, then what is the base that should be used to calculate the actual worth of Bitcoins' cap???
Is it just "Volume" that you are saying??? Because if these numbers are baseless, then what is the base that should be used to calculate the actual worth of Bitcoins' cap???
the answer is simple there is no actual "worth" of bitcoins cap...
simply you dont base bitcoins infrastructure and economy on the market cap.
i can make an alt tomorrow with 5trill coins. put just 1 coin on an exchange and sell it to myself for $1.. and suddenly my alt has a $5trillion market cap, all for the cost to myself of 1cent(1% exchange fee of the $1 trade)
you base bitcoins "value" on its UTILITY
but that involves not using stupid todler level maths. but actually look at the bigger things like monetary value of combined asics. the real audited worth of companies actively in bitcoin and other things.
but thats too complex for some people to understand/measure
I agree. Bitcoin's value is not measured by the dollars / coin, it's actually more than that. What keeps it afloat is the millions of dollars companies spent to mine these coins in the first place.
Is market cap not the Current value of bitcoins in circulation X Current price of bitcoins???
Is it just "Volume" that you are saying??? Because if these numbers are baseless, then what is the base that should be used to calculate the actual worth of Bitcoins' cap???
Is it just "Volume" that you are saying??? Because if these numbers are baseless, then what is the base that should be used to calculate the actual worth of Bitcoins' cap???
the answer is simple there is no actual "worth" of bitcoins by measuring the cap vs price...
simply you dont base bitcoins infrastructure and economy on the market cap.
i can make an alt tomorrow with 5trill coins. put just 1 coin on an exchange and sell it to myself for $1.. and suddenly my alt has a $5trillion market cap, all for the cost to myself of 1cent(1% exchange fee of the $1 trade)
you base bitcoins "value" on its UTILITY
but that involves not using stupid todler level maths. but actually look at the bigger things like monetary value of combined asics. the real audited worth of companies actively in bitcoin and other things.
but thats too complex for some people to understand/measure
legendary
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this could never become a dominance of ETH over bitcoin
...because ______________ ?
Wait until the panic when BTU is forking, everyone is fleeing BTC and buying ETH, then the real bubble of 2017 starts...
Its not BTC this time, just wait...
BTC loses dominance to ETH.
Make it clear. The ongoing price deflection felt on Bitcoin is just a impact generated due to the forking and the iniation to the splitting of chain. We may experience ETH may grow parallel to bitcoin, but this could never become a dominance of ETH over bitcoin. A panic situation might arise due to the price change. Its not BTC this time, just wait...
BTC loses dominance to ETH.
legendary
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But without a solution/consensus nor innovation in the bitcoin protocol this won't be forever.
...and the longer we wait, the more risk we assume.
Yeah this is just sad but all this thing will help bitcoins price to rise up this price drop is just normal and it is a part of coming pump on price
Well it was to be expected. Alt's have been years in the market now, grown up and become steady projects.
No project can compete with BTC's adoption however.
But without a solution/consensus nor innovation in the bitcoin protocol this won't be forever.
market cap is a meaningless number
Its not entirely meaningless. It may not be entirely accurate, buts not stick our heads in the sand.
Every day, ethereum is gaining users, and Bitcoin is losing too many because our network cant scale
and is losing utility.
Meh. Not real users. Rage quitters, traders, hedgers, gamers. They ll come back because of the real scarcity.
The potential higher velocity of ETH is bad for the monetary value. But even this can collapse once ETH scaling is reached as well..
Yeah and they will come back regretting it.
They will have to pay more than what they have sold and could make them rage more.
There will always be new buyers.
Looking back at the chart. Try to browse up. Look how high all altcoin market cap is. That website sure makes a good lie.
What do you expect, Bitcoin losing its MarketCap automatically altcoin will gain it. That is just in an equilibrium. Anyway, I agree that we shouldn't look at the market cap and worries. Even franky1 said is true, they are all estimation, not an actual fund in its market
Yeah this is just sad but all this thing will help bitcoins price to rise up this price drop is just normal and it is a part of coming pump on price
BTC losing market cap dominance doesn't mean anything, nor would it if it lost its position as "first" in the market cap listings.
while Ethereum is very popular, it's not going to get close to Bitcoin
"Never underestimate your opponent" - Sun Tzu
Exactly! However we'll see what will these people that are migrating to ETH will do when they saw that bitcoin is getting back up again with loads and ready to climb up again to the uphill.
Sad for all those people who moved their Bitcoin into Altcoin
Just like what I'm saying, they will regret what they did but as long as btc's price is still low they can still had chance to come back again.
market cap is a meaningless number
i can create an alt tomorrow with 5trill coins.. get just 1 coin on an exchange and sell it to myself for $1.. and instantly my alt is market capped at $5trillion...
there are NOT $25billion fiat sitting around in bank accounts ear-marked to back the entire cryptocoin market.
anyone can make the market cap spiral up to trillions just by using small numbers.
i can create an alt tomorrow with 5trill coins.. get just 1 coin on an exchange and sell it to myself for $1.. and instantly my alt is market capped at $5trillion...
there are NOT $25billion fiat sitting around in bank accounts ear-marked to back the entire cryptocoin market.
anyone can make the market cap spiral up to trillions just by using small numbers.
Yes....That's an accurate observation. In cases such as the one you described, the volume of trade needs to be factored into the speculation when considering marketcap. However, wise traders pay attention to volume. If you look more closely, you will find that some of the alts have huge volumes, and according to the charts, those which do have large volumes of trade are on the top, right?
until you take away the bot trading by 2 people every few seconds
10btc traded by 2 bots can equal thousands of "volume" a day just playing tennis with 10btc back and forth
yep 100k volume does not mean 10,000 separate coins were bought or sold.
it means maybe
10btc played tennis back and forth 1000 times
meaning even volume doesnt represent real transaction desires, or even show how much actual different coins changed hands
Is market cap not the Current value of bitcoins in circulation X Current price of bitcoins???
Is it just "Volume" that you are saying??? Because if these numbers are baseless, then what is the base that should be used to calculate the actual worth of Bitcoins' cap???
Sad for all those people who moved their Bitcoin into Altcoin
Yeah, they are fucking rueful.
market cap is a meaningless number
i can create an alt tomorrow with 5trill coins.. get just 1 coin on an exchange and sell it to myself for $1.. and instantly my alt is market capped at $5trillion...
there are NOT $25billion fiat sitting around in bank accounts ear-marked to back the entire cryptocoin market.
anyone can make the market cap spiral up to trillions just by using small numbers.
i can create an alt tomorrow with 5trill coins.. get just 1 coin on an exchange and sell it to myself for $1.. and instantly my alt is market capped at $5trillion...
there are NOT $25billion fiat sitting around in bank accounts ear-marked to back the entire cryptocoin market.
anyone can make the market cap spiral up to trillions just by using small numbers.
this is true, but the bitcoin real marketcap, based on how many coins where actually traded, and not on simple math, is still high enough, there is a way to calculate this number maybe?
saves me rewriting...
The whales are now dumping their coins and it has caused a major fall in the bitcoins price.
Whales??
lol
remember the prices and bitcoins are measured in mBtc (1 thousandth's)
it took only ~99btc (99,392mbtc) to move the price from $931 to $926
for all you fake market cap lovers out there..
under $100k to turn
$15,114,878,100 market cap
down to
$15,033,702,600 market cap
thats a drop of $81,175,500 using under $100k
edit few minutes later
less than $302(324mbtc) to drop the price from $935 to $933⇘
yep $302 to make the markt cap change by $32,470,200.00
then ~$50(54mbtc) to ramp the price from $933 to $935⇗
yep $50 to make the market cap change by 32,470,200.00
... one of the reason on why others tends to panic sell.
Users panic because .. blah blah.. Therefore, only calmness is needed.its not about panic.. its market manipulation by the markets own programming and order limits.
if the only orders you can make are in $1 increments.. then thats $16m-ish market cap change every time an order line is filled. even if that order line only contains 1mbtc (0.0001)
the fix is to allow more increments
EG not 0.934-0.935
but
0.93401-0.93402-0.93403-0.93404-0.93405
that way the price doesnt move by the whole dollar (volatile with no pressure needed/much coin needed).. but instead in cent amounts more smoothly
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