Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
gentlemand
on 05/08/2016, 13:39:00 UTC

The market overreacted and, at peak, we got ~1/3 of the marketcap wiped out. You can't have a 60mn theft taking billions of the marketcap - it's irrational.


I don't believe market cap is a rational way to get the measure of anything, especially something as thinly traded as Bitcoin, let alone alts.