Oh god, you have to keep explaining the same fucking thing here over and over again.
Market capitalization is a useless metric for measuring the value of a commodity or currency. Market cap is also incorrectly used to tell what a company is really worth. The market cap formula is simply this: The amount of dollars per share of a company x the total number of shares of that company. Market capitalization is about the price of a company. It only tells other companies what they are likely to need to pay to gobble up another company. The economic pigmies that set up these bitcoin price sites years ago started using market cap like they are describing the value of a company because they’re dumbasses. All the “follow the leader” dumbasses copied what they were doing on other sites so it spread. Bitcoin has a fixed number of “shares” so all market cap is telling you is the current price of bitcoin. The number of “shares” will increase slightly until all 21m are mined and then it will be fixed forever. It would be more useful to discuss the effect of monarch butterflies landing on superheated bitcoin mining equipment as it relates to increasing the user base of bitcoin.
Topic: What happend if total capital market of cryptocurrency reach $ 1T - page 2. (Read 233 times)
January 13, 2018, 11:51:20 AM
January 13, 2018, 11:36:32 AM
Once it reaches $1T there will be a huge correction, the market is hugely based on psychological Biases. Nothing fundamentally would change.
January 13, 2018, 11:30:37 AM
nothing will happen.
but hopefully as this magical number grows too big more people understand how fake it is. specially when someone creates 100 billion tokens out of thin air and that adds 100 billion dollar to total market cap if it is worth only $1 per useless token.
but hopefully as this magical number grows too big more people understand how fake it is. specially when someone creates 100 billion tokens out of thin air and that adds 100 billion dollar to total market cap if it is worth only $1 per useless token.
January 13, 2018, 11:21:26 AM
at the moment...
Cryptocurrencies: 1426 / Markets: 7908
Market Cap: $751.147.896.740 / 24h Vol: $37.250.473.688 / BTC Dominance: 32.5%
What your opinion?
Cryptocurrencies: 1426 / Markets: 7908
Market Cap: $751.147.896.740 / 24h Vol: $37.250.473.688 / BTC Dominance: 32.5%
What your opinion?
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