Quote from: Samadur on March 25, 2017, 05:35:29 PM

Quote from: Ayers on March 25, 2017, 05:06:17 PM

Quote from: franky1 on March 25, 2017, 03:01:27 PM

market cap is a meaningless number

i can create an alt tomorrow with 5trill coins.. get just 1 coin on an exchange and sell it to myself for $1.. and instantly my alt is market capped at $5trillion...

there are NOT $25billion fiat sitting around in bank accounts ear-marked to back the entire cryptocoin market.

anyone can make the market cap spiral up to trillions just by using small numbers.

this is true, but the bitcoin real marketcap, based on how many coins where actually traded, and not on simple math, is still high enough, there is a way to calculate this number maybe?

Bitcoin will raise its value only with the growth of its popularity. If users help raise demand for crypto currency, then bitcoin prices will go up. The main thing is not to panic when racing on stock exchanges prices. It always happens, that's just all react differently to this.

saves me rewriting...

Quote from: franky1 on March 25, 2017, 05:00:34 PM

Quote from: Xester on March 25, 2017, 02:39:40 PM

The whales are now dumping their coins and it has caused a major fall in the bitcoins price.

Whales??
lol

remember the prices and bitcoins are measured in mBtc (1 thousandth's)

it took only ~99btc (99,392mbtc) to move the price from $931 to $926

for all you fake market cap lovers out there..
under $100k to turn
$15,114,878,100 market cap
down to
$15,033,702,600 market cap

thats a drop of $81,175,500 using under $100k

edit few minutes later

less than $302(324mbtc) to drop the price from $935 to $933⇘
yep $302 to make the markt cap change by $32,470,200.00

then ~$50(54mbtc) to ramp the price from $933 to $935⇗
yep $50 to make the market cap change by 32,470,200.00

Quote from: franky1 on March 25, 2017, 05:24:54 PM

Quote from: manyuta on March 25, 2017, 05:15:43 PM

Quote from: rchstr on March 25, 2017, 05:09:59 PM

... one of the reason on why others tends to panic sell.

Users panic because .. blah blah.. Therefore, only calmness is needed.

its not about panic.. its market manipulation by the markets own programming and order limits.

if the only orders you can make are in $1 increments.. then thats $16m-ish market cap change every time an order line is filled. even if that order line only contains 1mbtc (0.0001)

the fix is to allow more increments
EG not 0.934-0.935
but
0.93401-0.93402-0.93403-0.93404-0.93405
that way the price doesnt move by the whole dollar (volatile with no pressure needed/much coin needed).. but instead in cent amounts more smoothly