Re: This is getting serious ... Total CryptoCurrency Market Cap to $30 billion !!
This infographic sums up my thoughts on this.
See that tiny dot above the words: "bitcoin $19 billion"?
That's bitcoin's market cap in comparison to the global economy which is pictured to the right of that.
Be honest.
If it were that easy, everyone would do it.
Which means, its not that simple.
See that tiny dot above the words: "bitcoin $19 billion"?
That's bitcoin's market cap in comparison to the global economy which is pictured to the right of that.
market cap is bullcrap bubble number.
i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..
thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.
i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..
thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.
Be honest.
If it were that easy, everyone would do it.
Which means, its not that simple.
He can't do that because other people will dump before him.
He wants to buy at 1 usd? He should eat the sell walls first, maybe cost billions usd.Nope, his idea is that he has created all the coins themselves, and only put one on an exchange: offer: 1 coin. And he buys it with $1.-. As such, the official price of that coin is $1.-, its market cap is as he announced, and the volume is $1.-.
Hell, he can even sell it again, and buy it again, many times a day. One single coin in circulation. Next, he buys it at $2.-, and hey ! 100% price rise, and a volume of X coins a day (X is the number of times sold to himself).
Only caveat: he needs to pay a fee each time to the exchange owner.