Over 600K Bitcoins, currently worth almost $7 billion, is owned by public companies. This represents about 3.3% of the total circulating supply of BTC and 2% of the entire cryptocurrency market cap ! (x-post from /r/Bitcoin)
08-10 15:45 - 'Chain link is now the 6th largest crypto by market cap @ $4.8 billion with a price of $14. Its a total scam tho!! The developers (team) hold 80% of all the coins and they were pre mined. Chain link (being an ERC 20 toke...' by /u/WocketMan0351 removed from /r/Bitcoin within 100-110min
''' Chain link is now the 6th largest crypto by market cap @ $4.8 billion with a price of $14. Its a total scam tho!! The developers (team) hold 80% of all the coins and they were pre mined. Chain link (being an ERC 20 token) uses eth for gas prices and to make API calls which are insanely high right now. Unless you pay over $6-$7 in eth for “gas” or transaction fees, your tx isn’t going thru for weeks. It’s not surprising that Chainlink now has a market cap of $5 billion, because BCH and BSV are right around there to, both of which are total scams of a bitcoin hard fork and are 100% centralized garbage. Tether, another ERC-20 token also has a market cap of $10 billion and its $1 tokens are back by actual dollars as much as USD are backed by gold....it’s a scam but it’s used by lots of crypto traders. XRP.....3rd largest coin by market cap @ $13 billion. Totally centralized shitcoin that was premined and held by the company ripple. It’s absolute garbage. What does XRP do that bitcoin can’t? Why use a centralized coin like that? Bottom line, there is not demand for other crypto’s like there is for bitcoin. Go to any store that accepts crypto (very few) and tell how many stores will accept something other than bitcoin. They won’t. These other coins are fast and cool at face value, but what’s happening under the hood isn’t really any different than the digital currencies that happened before bitcoin. These centralized projects can be squashed, attacked, and shut down by anyone with enough computing power or the govt. bitcoin cannot. That’s what makes bitcoin revolutionary. It worked because no one thought it would, and now it’s so insanely large it’s pretty much too big to fail and it will ALWAYS dominate its ecosystem until something JUST AS REVOLUTIONARY as bitcoin was comes along. Until then, bitcoin will continue to be #1. If I need to be corrected, or someone has something else to add, please do. Criticize me. ''' Context Link Go1dfish undelete link unreddit undelete link Author: WocketMan0351
Bitcoin and the entire crypto market cap is likely to dump by mid-April.
So I recently had this, very interesting discussion with u/Nothink. He posted this log chart which shows that the entire crypto market cap is in a large descending channel. It also shows that the top of the descending channel for the entire crypto marketcap is intersecting with a long term ascending trendline. This suggests that we are reaching a critical point. Either the total crypto market cap will break our ascending trendline that we have followed for years or we will continue down our descending channel. We should not trust the crypto marketcap to continue to follow the ascending trendline. I've extended the trendlines from u/Nothink's chart out and this is what we find. In order for crypto to maintain the market cap growth shown on the ascending trendline, then we will have to have a minimum total market cap by July comparable to the market cap in in late October 2017. To put that in perspective, bitcoin's price was above 6k in late October. And that's just three months from now. Furthermore, in order to continue to maintain that trendline, the total crypto market cap has to have a comparable market cap by January 1st, 2020, to the market cap we had at the end of November, when we were in full bull run mode. And that is the minimum market cap necessary just to maintain our current logarithmic trend on the crypto market cap. Thus, if you believe the long term market market cap trendline will hold, you are basically making a bet. You are betting that by the end of the year, market conditions for crypto will be similar to market conditions (ie, a giant speculative bull run) in the 4th quarter of 2017. It is obvious that this will not happen. This is not March of 2017, this is March of 2019 and I would hope some people here can recognize the difference. Retail got massively burned at the end of 2017, and more people got burned at the end of 2018. Furthermore, it may take a very long time for institutions to even start going into crypto in large numbers, just look at how many times bakkt has been delayed. It is very unlikely that we will have a bull run comparable in intensity to the bull run of 2017 in 9 months. Thus, it is a good bet that the ascending trendline will break and the upper channel of our descending channel will hold. This bet, by the way, is identical to a bet I made five months ago when we were at 6k. We were faced with a similar ascending trendline on the logramithic price chart, that showed the price being at 20K by the end of 2019. I argued that it was a good bet that we would not have another bull run by the end of the year because retail had to recover, and thus, we had to break down from that trendline. The bet behind us dumping by mid-April is literally identical to the logic of that 6k breakdown prediction, and that prediction worked out pretty well. You have literally seen this movie before. One more thing. Let's just say we do dump in early April. Assuming we respect the descending channel we are in, and we bounce off the lower trendline of that channel, then by late April/early May, we should have a market cap that is about half the market cap we have now. If bitcoin follows the market cap and dumps by half its price, that should give us a price in the upper 1ks around 1900 dollars. I have argued several times in this sub that bitcoin is likely to test the long term moving averages like the 400 or 450 weekly ma's before the bear market is over. This is because have tested longer term moving averages in previous bear markets. If bitcoin follows the total crypto market cap, the we will dump to levels that will allow us to test those moving averages. Thus, betting that the crypto, and thus, bitcoin's, market cap will dump soon not only makes sense from a market cap trendline perspective, it also makes sense from an historical analysis of the moving averages. TL;DR: If you bet that the long term crypto market cap trendline will hold, you are betting that we will have another crypto bull run within the next 9 months. Do you really want to make that bet? Edit:. I’m getting a lot of flack for using the total crypto market cap instead of the total bitcoin market cap. However, if you look at the total bitcoin market cap on log view, you come to the same conclusion. Total bitcoin market cap: https://www.tradingview.com/x/u4SNEQRh/ And zoomed in: https://www.tradingview.com/x/SmMwkzC2/ Edit 2: I didn’t want to comment on sentiment, but someone has to say this. The comments below do not look like they’re from the despair phase of the market cycle.
I was curious what the scene was like back when Ethereum was first announced so I decided to dig up the old Ethereum announcement thread on Bitcointalk. https://bitcointalk.org/index.php?topic=428589.0 Back in January 23, 2014, the total bitcoin market cap was just 11 billion dollars. And Ethereum raised the equivalent of 18.4 million dollars of bitcoin (30,000) for their project. That meant Ethereum cost 0.16% of the market capital to bring into fruition. EOS has raised a total of 4 billion dollars, to the backdrop of a 333 billion dollar cryptocurrency marketcap. This mean EOS cost 1.2% of the market capital. This is almost 10 times more than Ethereum. On the bitcointalk forum, there was the usually FUD thrown at Ethereum: name-calling, personal attacks and other tactics we here are all so familiar with. Most of the senior bitcoin people were skeptical of the project and some even called it a fraud and a scam. The EOS bitcointalk thread is alot more positive in contrast. This might just because Ethereum has proven that there is room for alternative currencies and now users on bitcointalk are more open to the idea of alternative currencies. Take a look at the thread and let me know what you think. Correction: Original post said Ethereum raised 36 million USD. It was actually 18 million. credts u/drhex2c
Shame on you Binance for not changing the ticker symbol for Bitcoin Cash from BCC to BCH. It's been a year now and yet nothing happens. BCH is #4 total market cap. What are your reasons for leaving it as BCC?
Shame on you Binance for not changing the ticker symbol for Bitcoin Cash from BCC to BCH. It's been a year now and yet nothing happens. BCH is #4 total market cap and this alone should be enough reason to list it with its correct ticker which is BCH. There's already a lot of confusion regarding the BTC and BCH. Naming BCH as BCC just creates more for newcomers. Binance what are your reasons for leaving it as BCC? Jager_Binance
03-16 01:25 - 'Is there a site that calculates BTC dominance to include the forked coins? / [link] / Total market cap is 150,000,000,000 / BTC 90B / BCH 3.2B (would not exist without bitcoin obv) / LTC 2.3B (would not exist without bitcoi...' by /u/Just-a-girl3 removed from /r/Bitcoin within 5-15min
''' Is there a site that calculates BTC dominance to include the forked coins? [link]1 Total market cap is 150,000,000,000 BTC 90B BCH 3.2B (would not exist without bitcoin obv) LTC 2.3B (would not exist without bitcoin) BSV 2.2B BTC Dominance isn't 64% if BTC is the only reason these top forks exist ? There should be a BTC + Fork Calculation tracked somewhere no? ''' Context Link Go1dfish undelete link unreddit undelete link Author: Just-a-girl3 1: w*w.l**ecoi**atch.c*m/ Unknown links are censored to prevent spreading illicit content.
I always wondered what if in the near future the "Elite" begin seeing Bitcoin as a threat. Can't they do a 51% attack or buy all the coins in existence and just destroy the private key. For the "Elite" the entire total Bitcoin market cap is nothing.
Crypto market cap charts The charts below show total market capitalization of Bitcoin, Ethereum, Litecoin, XRP and other crypto assets in USD. You can also compare market cap dominance of various cryptocurrencies. Market capitalization (often shortened to market cap) is the approximate total value of a cryptocurrency, typically shown in US dollars. The market cap of a cryptocurrency is calculated by multiplying the number of coins or tokens in existence by its current price. $0.00 . 0.00%. 24hr Volume. Volume is defined as the number of digital coins that have been traded within the last 24 hours. $0.00 ... Linear Scale Total Market Capitalization Zoom 1d 7d 1m 3m 1y YTD ALL From To Oct 23, 2020 Market Cap 24h Vol coinmarketcap.com Loading... Created with Highcharts 7.1.3 Market Cap 24h Vol Bitcoin continues with the 2020 records and just a few hours ago marked a fresh high of above $13,350. Bitcoin Breaks New 2020 High As Total Market Cap Topped $400 Billion (Market Watch) The Bitcoin dominance metric shows how much of the total cryptocurrency market cap is represented by Bitcoin. Since it is the largest cryptocurrency by market cap, Bitcoin dominance is a useful metric that shows us if confidence in more speculative altcoins is growing or falling. We calculate Bitcoin dominance by dividing the total cryptocurrency market cap with the market cap of Bitcoin. For ...
Bitcoin - We May See a $9.5 Trillion Market Cap in 2 Years - Cryptocurrency
This video shows the Top 10 Cryptocurrency with highest market cap from 2013 to 2019 ----- Subscribe - https://www.youtube.co... No Altcoin can get in the way of a Bitcoin $1trillion market cap! There used to be drama between Monero and Dash fans. What a journey we are on! I am not sure where Amanda is now. A lot can happen ... #Bitcoin #Cryptocurrency #MarketCap https://CryptoCrow.io - Free Crow University https://CrowTrader.com - https://CrowMining.com By looking at the Total Cryptocurrency Market Cap's history, we can ... like comment subscribe This video is unavailable. Watch Queue Queue