This is mainly to do with altcoins. The smaller coins tend to get amplified market caps, because there is very little liquidity. There are coins on YoBit where the market cap can shift by tens of thousands with a volume of just a couple of hundred dollars.
So when BTC's dominance is "decreasing", its actual dominance in terms of money that has been put in remains quite high.
Topic: Why market cap is irrelevant - page 2. (Read 913 times)
I have noticed this also and I think market capitalization from https:// coinmarketcap.com is not much relevant to the way bitcoin price is dropping currently. I think we have this experience some months ago when we have this same hard forks issues. I will still said people should stop selling their coin out of panic because their will lose and the skills traders will buy and still sell for profit later.
Based on the slip in the market, however, selling now and buying later is a far better choice since you end up with more Bitcoin in your pocket, assuming that the price keeps going down after you sell, and you buy later when the price of Bitcoin is lower. Sure it comes with some risks, but selling now isn't as bad as you may think it is. I know this is something I'm doing, and I'm already reaping the rewards of selling a while ago. Now I just wait for it to either plateau at a bottom or slowly start inching back up, either way I have a lot of time. 
I have noticed this also and I think market capitalization from https:// coinmarketcap.com is not much relevant to the way bitcoin price is dropping currently. I think we have this experience some months ago when we have this same hard forks issues. I will still said people should stop selling their coin out of panic because their will lose and the skills traders will buy and still sell for profit later.
With me market cap just is a tool for check the price of crypto in this time low, high or stable. It not prove the crypto market have signal recovery the price, maybe can do that but slowly than 24h Volume! But I not check 24h Vol with market cap, check in exchange site the altcoin I follow better than coinmarketcap
market cap created to monitoring price for every coin/project and many people use it to make a preparation and action,but you can see low cap coin had a good action.
But for me,a change in market cap only show that 'something' will happen soon,which is will lead for further action
But for me,a change in market cap only show that 'something' will happen soon,which is will lead for further action
Market cap created the perfect tool to attract newbies by artificially inflating the numbers.
They mine 1 million coins they release a thousand in reality which they can buy for 10$ a piece.
And suddenly that crapcoin has a 10 million market cap and noobs flock.
And in one week time most of them get fleeced.
Data from the last 24h:
Total market cap of bitcoin and some unnamed shitcoins in last 24 hours
72 billions > 64 billions
24 hours trade volume 3 billions(including trading between shitcoins)
Even assuming all the volume was from sold coins the market cap went down 3 times more.
So everybody concern with the fall in market cap and billions evaporated please take a break and breath.
There is no Armageddon happening, no whales running with billions, no Chinese mafioso withdrawing trillions from the market.
There are 1 million coins with 100$ price.
I sell 1000 coins and the market cap drops to 99$.
I pulled out 100 000$ but the market cap dropped by 1 million.
Marketcap is irrelevant.
And this should scare the shit out of people who invested in coins based on their rank on coinmarketcap.
Ah, but you see, there is no point investing in the top 25 (or 50) coins since the market cap is too high and it is unlikely someone will come along and pump the value by buying the shitcoin. That's why you always keep your alts way out of charts and invest in ICOs or other coins that are targets for pumps on other websites.Total market cap of bitcoin and some unnamed shitcoins in last 24 hours
72 billions > 64 billions
24 hours trade volume 3 billions(including trading between shitcoins)
Even assuming all the volume was from sold coins the market cap went down 3 times more.
So everybody concern with the fall in market cap and billions evaporated please take a break and breath.
There is no Armageddon happening, no whales running with billions, no Chinese mafioso withdrawing trillions from the market.
There are 1 million coins with 100$ price.
I sell 1000 coins and the market cap drops to 99$.
I pulled out 100 000$ but the market cap dropped by 1 million.
Marketcap is irrelevant.
And this should scare the shit out of people who invested in coins based on their rank on coinmarketcap.
It's fine by me though, it's not like I have a stake in the market for right now. Let people invest how they may, there will always be bagholders and there's nothing that can be done about something like that.
Data from the last 24h:
Total market cap of bitcoin and some unnamed shitcoins in last 24 hours
72 billions > 64 billions
24 hours trade volume 3 billions(including trading between shitcoins)
Even assuming all the volume was from sold coins the market cap went down 3 times more.
So everybody concern with the fall in market cap and billions evaporated please take a break and breath.
There is no Armageddon happening, no whales running with billions, no Chinese mafioso withdrawing trillions from the market.
There are 1 million coins with 100$ price.
I sell 1000 coins and the market cap drops to 99$.
I pulled out 100 000$ but the market cap dropped by 1 million.
Marketcap is irrelevant.
And this should scare the shit out of people who invested in coins based on their rank on coinmarketcap.
Total market cap of bitcoin and some unnamed shitcoins in last 24 hours
72 billions > 64 billions
24 hours trade volume 3 billions(including trading between shitcoins)
Even assuming all the volume was from sold coins the market cap went down 3 times more.
So everybody concern with the fall in market cap and billions evaporated please take a break and breath.
There is no Armageddon happening, no whales running with billions, no Chinese mafioso withdrawing trillions from the market.
There are 1 million coins with 100$ price.
I sell 1000 coins and the market cap drops to 99$.
I pulled out 100 000$ but the market cap dropped by 1 million.
Marketcap is irrelevant.
And this should scare the shit out of people who invested in coins based on their rank on coinmarketcap.
Although its true enough but it would be wrong to say that people shouldn't worry about drop in market cap. There is hardly any person who track the total cap of coins on CoinMarketCap, he/she is only concern to price and units hold by him/her.
Also whenever there is significant fall in any coin, market cap shows real value of tokens at the moment no matter if fall was due to less units or more than estimated value of coin. So suppose I sold 1 BTC for $1800 which brings down BTC price to $1800 then it is true that present BTC value is 1800xtotal BTC until and unless someone raise the price by selling additional unit.
Actually there're no wrong and right(relevant or not),
Everybody have their own concern regarding problem/situation and vision,some people using market cap for their tool and for some people they used sentiment.but none of them're wrong,because everything can be happen in cryptoworld.market cap created to monitoring price for every coin/project and many people use it to make a preparation and action,but you can see low cap coin had a good action.
But for me,a change in market cap only show that 'something' will happen soon,which is will lead for further action
Data from the last 24h:
Total market cap of bitcoin and some unnamed shitcoins in last 24 hours
72 billions > 64 billions
24 hours trade volume 3 billions(including trading between shitcoins)
Even assuming all the volume was from sold coins the market cap went down 3 times more.
So everybody concern with the fall in market cap and billions evaporated please take a break and breath.
There is no Armageddon happening, no whales running with billions, no Chinese mafioso withdrawing trillions from the market.
There are 1 million coins with 100$ price.
I sell 1000 coins and the market cap drops to 99$.
I pulled out 100 000$ but the market cap dropped by 1 million.
Marketcap is irrelevant.
And this should scare the shit out of people who invested in coins based on their rank on coinmarketcap.
Total market cap of bitcoin and some unnamed shitcoins in last 24 hours
72 billions > 64 billions
24 hours trade volume 3 billions(including trading between shitcoins)
Even assuming all the volume was from sold coins the market cap went down 3 times more.
So everybody concern with the fall in market cap and billions evaporated please take a break and breath.
There is no Armageddon happening, no whales running with billions, no Chinese mafioso withdrawing trillions from the market.
There are 1 million coins with 100$ price.
I sell 1000 coins and the market cap drops to 99$.
I pulled out 100 000$ but the market cap dropped by 1 million.
Marketcap is irrelevant.
And this should scare the shit out of people who invested in coins based on their rank on coinmarketcap.
Although its true enough but it would be wrong to say that people shouldn't worry about drop in market cap. There is hardly any person who track the total cap of coins on CoinMarketCap, he/she is only concern to price and units hold by him/her.
Also whenever there is significant fall in any coin, market cap shows real value of tokens at the moment no matter if fall was due to less units or more than estimated value of coin. So suppose I sold 1 BTC for $1800 which brings down BTC price to $1800 then it is true that present BTC value is 1800xtotal BTC until and unless someone raise the price by selling additional unit.
Data from the last 24h:
Total market cap of bitcoin and some unnamed shitcoins in last 24 hours
72 billions > 64 billions
24 hours trade volume 3 billions(including trading between shitcoins)
Even assuming all the volume was from sold coins the market cap went down 3 times more.
So everybody concern with the fall in market cap and billions evaporated please take a break and breath.
There is no Armageddon happening, no whales running with billions, no Chinese mafioso withdrawing trillions from the market.
There are 1 million coins with 100$ price.
I sell 1000 coins and the market cap drops to 99$.
I pulled out 100 000$ but the market cap dropped by 1 million.
Marketcap is irrelevant.
And this should scare the shit out of people who invested in coins based on their rank on coinmarketcap.
Total market cap of bitcoin and some unnamed shitcoins in last 24 hours
72 billions > 64 billions
24 hours trade volume 3 billions(including trading between shitcoins)
Even assuming all the volume was from sold coins the market cap went down 3 times more.
So everybody concern with the fall in market cap and billions evaporated please take a break and breath.
There is no Armageddon happening, no whales running with billions, no Chinese mafioso withdrawing trillions from the market.
There are 1 million coins with 100$ price.
I sell 1000 coins and the market cap drops to 99$.
I pulled out 100 000$ but the market cap dropped by 1 million.
Marketcap is irrelevant.
And this should scare the shit out of people who invested in coins based on their rank on coinmarketcap.
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