http://coinmarketcap.com/currencies/volume/24-hour/
ABC is the 9th place in the world!
http://coinmarketcap.com/assets/views/all/
TRMB is the second place in the world!
amazing!
Topic: What the hell is asset backed coin? Number 10 on coinmarketcap? (Read 2136 times)
September 15, 2015, 07:18:29 PM
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September 15, 2015, 07:04:44 PM
John, I just checked the exchange, it is amazing, you are right!
September 14, 2015, 05:55:07 PM
By the way, TRMB is one user defined coin in Asset Backed Coin blockchain, and now TRMB is the 16th in coinmarketcap.com
https://yuanbaohui.com/trade/trmb2cny
https://yuanbaohui.com/trade/trmb2cny
September 14, 2015, 05:46:37 PM
looks like Asset Backed Coin is not a scam，it has volume more than $15k today, and it is the second generation of Bitcoin, marketcap is 1billion x 0.5 CNY = 500 million CNY.
https://yuanbaohui.com/trade/abc2cny
https://yuanbaohui.com/trade/abc2cny
This isn't a new thing. The exact same thing has happened with heavily premined coins such as Solarcoin and Marinecoin where the devs buy a couple hundred dollars worth of coins every few months and this results in their market caps skyrocketing into the hundreds of millions to billions of dollars range.
In fact, you can see both of them in this recent screenshot:
In fact, you can see both of them in this recent screenshot:
The chart looks like stairway to heaven da moon... 
More like a stairway for lemmings
No, it's not a scam. Just a measuring algorithm that's questionable.
Market cap number is not really worth much of anything other than a nice reference number.
This proves that any random shitcoin can go to the top ten of the market cap by increasing the number of coins to infinity.
I am waiting for an altcoin to have a supply of quadrillions.
I am waiting for an altcoin to have a supply of quadrillions.
Cryptotarget's already done that. It has a coin supply of 100 quadrillion coins (100,000,000,000,000,000 CRT).
The block reward is 4 Billion Coins (4,000,000,000 CRT) plus block height bonus.
https://bitcointalksearch.org/topic/anncrtcrt100m-cryptotarget-dual-wallet-updated-v102-1078787
A cap of one quadrillion would have been over the top, but 100 quadrillion is plain stupid.
If someone pays one sat for one cryptotarget coin it will have a marketcap bigger than bitcoin.
This proves that any random shitcoin can go to the top ten of the market cap by increasing the number of coins to infinity.
I am waiting for an altcoin to have a supply of quadrillions.
I am waiting for an altcoin to have a supply of quadrillions.
The chart looks like stairway to heaven da moon...
I'm putting a screenshot of it here for posterity to show how easily a market cap can be manipulated by someone who holds a coin's entire distribution. Nobody can dump yet because the dev holds all the coins. He can buy a few dollars worth off himself at such high prices it pumps it to the top of coinmarketcap.
That also shows the importance of trading volume when evaluating the graphs and price movements of a coin. I wouldn't touch this piece of crap if I was any of you.
It's gone down from place 10 to place 578 on coinmarketcap in the space of one day.
They seem to have drastically changed the total number of coins available so the marketcap dropped right down.
Nice. $23 volume. LOL.
I can make a coin today, premine it, and set the price to whatever I want. Need an exchange? Yobit will list any crap.
CoinMarketcap doesn't mean shit, unless you filter for premine and mineable.
Their main list should not include all of the pre-mine junk (including Ripple).
Non-mineable and premined filter is the only worthwhile CMC list.
http://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/
I can make a coin today, premine it, and set the price to whatever I want. Need an exchange? Yobit will list any crap.
CoinMarketcap doesn't mean shit, unless you filter for premine and mineable.
Their main list should not include all of the pre-mine junk (including Ripple).
Non-mineable and premined filter is the only worthwhile CMC list.
http://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/
Why not filter Bitcoin too? There is nothing wrong with mining, it's fun and it is securing the network of the given coin.
Nice. $23 volume. LOL.
I can make a coin today, premine it, and set the price to whatever I want. Need an exchange? Yobit will list any crap.
CoinMarketcap doesn't mean shit, unless you filter for premine and mineable.
Their main list should not include all of the pre-mine junk (including Ripple).
Non-mineable and premined filter is the only worthwhile CMC list.
http://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/
I can make a coin today, premine it, and set the price to whatever I want. Need an exchange? Yobit will list any crap.
CoinMarketcap doesn't mean shit, unless you filter for premine and mineable.
Their main list should not include all of the pre-mine junk (including Ripple).
Non-mineable and premined filter is the only worthwhile CMC list.
http://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/
$7,967,960 marketcap with $23 trade volume.
Shows nicely why marketcap is nothing but a useless number in crypto.
Shows nicely why marketcap is nothing but a useless number in crypto.
Finally, someone who realizes that these figures are shit.
in crypto liquidity is whats important.
There are alternatives to coinmarketcap https://bitcointalksearch.org/topic/what-is-the-preferred-coin-indexing-side-these-days-1083240
coinmarketcap is a joke not worthy to check anymore. $ 20 trade volume a major global crypto lol
coinmarketcap is a joke not worthy to check anymore. $ 20 trade volume a major global crypto lol
Coinmarketcap is fine, you just have to click the Volume (24h) to sort coins in that order.
There are alternatives to coinmarketcap https://bitcointalksearch.org/topic/what-is-the-preferred-coin-indexing-side-these-days-1083240
coinmarketcap is a joke not worthy to check anymore. $ 20 trade volume a major global crypto lol
coinmarketcap is a joke not worthy to check anymore. $ 20 trade volume a major global crypto lol
The chart looks like stairway to heaven da moon...
I'm putting a screenshot of it here for posterity to show how easily a market cap can be manipulated by someone who holds a coin's entire distribution. Nobody can dump yet because the dev holds all the coins. He can buy a few dollars worth off himself at such high prices it pumps it to the top of coinmarketcap.
That also shows the importance of trading volume when evaluating the graphs and price movements of a coin. I wouldn't touch this piece of crap if I was any of you.
The chart looks like stairway to heaven da moon...
I'm putting a screenshot of it here for posterity to show how easily a market cap can be manipulated by someone who holds a coin's entire distribution. Nobody can dump yet because the dev holds all the coins. He can buy a few dollars worth off himself at such high prices it pumps it to the top of coinmarketcap.
The chart looks like stairway to heaven da moon...
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