A correction was inevitable, so we will just have to accept that and move on to the next ATH.
Topic: Where is 600 billion? (Read 226 times)
Market capitalization is a meaningless metric, but we cannot deny that some money shifted away from Bitcoin and that the price suffered as an result. Usually when a commodity rise to a ATH, people will take profit and they will start selling some coins and a lot of that money are converted to Fiat currency.
A correction was inevitable, so we will just have to accept that and move on to the next ATH.
A correction was inevitable, so we will just have to accept that and move on to the next ATH.
illusions never last long. even a dream doesn't last until eternity, you have to wake up from it sometime!
the altcoin bubbles had to burst eventually and that bursting means the total market cap that you were being promised by the pumpers also vanished into thin air as they started dumping their coins on those who were happily bag holding these coins while dreaming about being a millionaire
in this market as a rule of thumb you should always consider altcoin market caps as fake unless proven otherwise. a coin that has premine or an ICO also has fake market cap but a real coin with its circulating supply being large (like Doge for instance) will decline in the long run and can not remain high like XRP or ETH with fake huge supply.
the altcoin bubbles had to burst eventually and that bursting means the total market cap that you were being promised by the pumpers also vanished into thin air as they started dumping their coins on those who were happily bag holding these coins while dreaming about being a millionaire
in this market as a rule of thumb you should always consider altcoin market caps as fake unless proven otherwise. a coin that has premine or an ICO also has fake market cap but a real coin with its circulating supply being large (like Doge for instance) will decline in the long run and can not remain high like XRP or ETH with fake huge supply.
I think it's back in fiat waiting to get back into cryptocurrencies it will leave the crypto scene and go towards something else like stocks. Many people who sold in bear market is still waiting for a good moment to go in. A confirmation of the reversa.l will be that sign for sure. Maybe some of this money is in future in the world.
Part of that money is in the value of the cryptonondas themselves and also in the hands of investors and the public in general, the more people decide to invest, a huge capitalization will be achieved.
We all know that BTC's and altcoins price depends on the market capitalization. What you really think about where is that amount of money - 600 billion, as we know in December were 800 billion, right now is 200. What happened, and do we really can achieve that number?
Suppose you are Usain Bolt and you just set a new record in 2009 for 100 meters in 9.58 seconds, but in 2013 your time is 9.77 seconds. Where is the 0.19 seconds?
We all know that BTC's and altcoins price depends on the market capitalization.
not at all. no offense but it is only you and bunch of newbies who visit coinmarketcap.com who think market capitalization is real valuable metric. otherwise everyone else knows that it is just a meaningless number.in less than an hour you can easily create a completely useless token with only $1 price but $100 billion market cap. you just have to put the supply value of it to 100 billion tokens and only release a handful to pump it to $1
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What you really think about where is that amount of money - 600 billion,
it is not "amount of money", it is market capitalization which is again a meaningless metric.Quote
as we know in December were 800 billion, right now is 200. What happened, and do we really can achieve that number?
nothing happened, altcoins started getting dumped about 8 months ago and have not stopped. that coin i mentioned above, you can create it and you can pump it to $1 ($100 billion M.C.) but it won't stay there because of being useless. it pops and drops down eventually.
I think it's back in fiat waiting to get back into cryptocurrencies or if it doesn't play out well it will leave the crypto scene and go towards something else like stocks. Many people who sold in bear market is still waiting for a good moment to go in. A confirmation of the reversal will be that sign for sure. Maybe some of this money is in futures?
There are many possibilities where is that portion is right now, But you can sure not determine where can it be right now, I am pretty sure it is tough to be known where can it be, And right now it can be on trade, other offline wallets i really think there is no need to worry about bitcoin is going to be empty or gone because there is a series of transaction on where it can be found, To cut the story short it is still in the blockchain ledger and in the series of transaction made with bitcoin, and many are gone floating in mid air.
We all know that BTC's and altcoins price depends on the market capitalization. What you really think about where is that amount of money - 600 billion, as we know in December were 800 billion, right now is 200. What happened, and do we really can achieve that number?
That money has gone to where it has come from. We should first discuss how did the total market cap reach 800 billion dollar.
maybe in gold or stock
the blockchain and cryptocurrency market has been known for its volatility which drives its market capital up and down affecting the total market capitalization of the coinmarketcap. the volatility of the market does not mean that the price of 600 billion is lost, it only means that coins got devalued and will still appreciate.
I think that because of the fact that the crypt is sold outside the stock exchange, this market is not up to priced, as minimum can be multiplied by two capitalization!
as we already know, the market as it concerns the crypto currency is highly volatile and the volatility affects the coinmarketcap both in positive and in negative ways depending on the price value of various tokens and coins. but it is not lost but only devalued but it will still appreciate. thanks
We all know that BTC's and altcoins price depends on the market capitalization. What you really think about where is that amount of money - 600 billion, as we know in December were 800 billion, right now is 200. What happened, and do we really can achieve that number?
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