Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
phoenix9110
on 06/09/2016, 05:30:48 UTC
There has been an influx of 600.000.000 fresh $ to the crypto market within the past days.
http://imgur.com/4l00TB4

I don't want to be the bad guy, but i think i have to say something, after it seems noone else is willing to tell it you ....

It's often a common misunderstanding from new bitcoin users, and i'm sure the old guys in here know it exactly, but noone is telling it, for some reason they are even telling you that you are right ...

An 600 million $ marketcap increase for sure does not mean that there were 600 $ dollar invested in bitcoin .... marketcap = total number of coins * current market price ... an increase in the marketcap is not an indicator of how much new money is invested. (You could say that there is new money, but for sure you could not tell that it is 600 millon $.)

Most in here know that, and you seem to be new in here (from your post count) ... i realy can't understand that noone is explaining that to you, instead they are cheering your numbers, what the hack is wrong with you guys? noone? realy?

It's stock price times the number of shares, is it not?