Quote from: the_poet on May 28, 2016, 10:13:27 PM

Quote from: cjmoles on May 28, 2016, 10:06:28 PM

I'm an economically minded noob. What does the market cap mean for me and the value of the bitcoin I hold personally? How is it a good thing? Will it increase adoption, value, distribution? Can it answer some of the questions I outlined here in the following thread? https://bitcointalk.org/index.php?topic=1489137.new#new

The market cap is basically a measure of how big the Bitcoin market is in comparison with other markets, be it other cryptos or gold, for example. Plus it is a great indicator of how much the adoption has grown over the years.

The other day I was watching the ticker movement on some other asset (some off the wall alt) as it was introduced; the very first bid was for 450 BTC and it was quickly closed on....that made for a very skewed market capitalization marker. So, I wonder how reliable a market cap figure might be in relation to supply and demand....could the bitcoin market cap be skewed also? I mean, if everybody started trading off their coin at current price, would the market cap really mean anything or is there some other number in which it would achieve an equilibrium?