>Implying that market cap is anything other than a number based on the current trading price for a crypto
While market cap is a decent indicator of the total value of the system, most of the time it is completely meaningless to compare what the market caps of things are. Bitcoin still has more than 3x the market cap of the next largest crypto, and that has been experiencing some impressive growth recently.
The second and third top market-cap cryptos make up only 1/3 of the biggest, and the fourth through nearly the rest of them makes up another third. The top 2 and 3 are concerning, but you also look at the rest of the market and see a ton of shitcoins that take up space and money.
Realistically, Bitcoin probably makes up more like 75% of all cryptos that are actually used.
Topic: this is just sad - page 4. (Read 2785 times)
Sad for all those people who moved their Bitcoin into Altcoin 
Not for all the scammers sitting on / selling their pre minted crap.
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.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Sad for all those people who moved their Bitcoin into Altcoin
how do you figure
Sad for all those people who moved their Bitcoin into Altcoin
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
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