Post
Topic
Board Speculation
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
by
Amph
on 06/08/2016, 15:09:34 UTC
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
Im not like you in 100% cjmoles " economically minded noob " (but you made me laugh buddy Cheesy) but i
still dont know too what actually market cap means.
Anyone up to help me understand it?

bitcoins that exists * value of bitcoins

(value can be dollars or shekel or grandpa cookies, w/e)

How is the value calculated if each exchange has his own rate and sometimes there is a big gap between them? Usually Huobi is $20 ahead of btc-e

remove "can" it was proven multiple times that the volume there is totally fake, just to manipulate the price

That could be volume weighted average. But you have to exclude lots of volumes in the Chinese exchanges.

The trading volume in China is useless as the trading fee is 0%. The volume can be artificially high there.