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Topic: Total crypto market is now worth HALF A TRILLION dollars - page 2. (Read 402 times)

legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
well that is great for bitcoin and it shows the growth that bitcoin has and the way adoption of a new technology which happens to be very good and useful is going to be like when it starts. the fast and big rise.
but still that is market cap and it is not really the best variable you can use for a cryptocurrency, it is more suitable for companies instead.
it becomes specially useless when you are talking about the "total market cap" which is including all the altcoins and useless tokens that have been created notstop every single day. each of them add ridiculous amounts to this total market capitalization and none of them mean anything. they just exist and a lot of them are not even used or even traded anymore!
full member
Activity: 266
Merit: 222
Deb Rah Von Doom
hero member
Activity: 1834
Merit: 759
Just because the market cap for cryptocurrencies have reached $500 billion doesn't mean cryptocurrecies are worth that much. Not many people seem to know this, but crypto market cap is only measured by ciruclating supply x price per unit. Crypto's value isn't that linear, because simple movement can cause the price to change.

You think someone with $500 billion can buy every cryptocurrency coin in existence? Nope. As the supply decreases, the value increases. This works the other way around too, because massive dumps cause massive dips.

I concede that it's a good metric to measure crypto's collective growth though.
sr. member
Activity: 602
Merit: 252
That is just a huge number right there and keep in mind that we're still in 2017, with Bitcoin growing from just below $1000 at the beginning of the year to over $16k right now and speculations said the five digit milestone would only be reached in 2018. That's a whopping 1500% growth and of course would make the market cap even higher.

Not to mention major altcoins like Ethereum, Monero, Dash, Ripple etc have also grown at their own exponential rates in the year giving a big pump to the overall cryptocurrency market cap.
full member
Activity: 298
Merit: 149
The amazing thing is we started 2017 off at 17.7 billion. What a great year!

https://coinmarketcap.com/historical/20170101/
full member
Activity: 924
Merit: 148
The number is ofcourse great but I've always been sceptical about market cap. Today btc is 16k bot a moment later someone bought one coin for 15.9k and BTC market cap lost thousands of dollars. You should also exclude all scamcoins from the total market cap. The only bitconnect should probably have a pretty big part in this number and there are also a lot of even more scammy coins.
hero member
Activity: 766
Merit: 509
BTC to break $300B cap. This just took the cryptocurrency market to an astonishing $500B!

Yay, 500 billion dollars are a lot of money, i just saw a lot of people on the TV talking bullshit about bitcoin, that it was a ponzi, and bla bla bla.

It is always the same, but no one is looking at all the money that is being invested on bitcoin, and i think that this is the most important thing about cryptos.

Without trust, there is nothing left in here, it just works like a relationship, without trust, we can not go anywhere.
legendary
Activity: 1137
Merit: 1035
Bitcoin accepted here
BTC to break $300B cap. This just took the cryptocurrency market to an astonishing $500B!
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