Quote from: dua98222 on October 23, 2017, 07:54:56 AM

Quote from: tha2er99 on October 23, 2017, 07:38:45 AM

Hello

so i am aware of the hard fork that generated BTC cash and the hard fork that will generate BTC gold, but what confuses me is the prices and market caps that these coins gains so fast !!

i was here when BTC cash is forked, in the first hours it reached 10B market cap !!

does that mean that the whole cryptocurrency market increased 10B ??

is it like 10B $ just transferred to the crypto world from fiat ??

No, it doesn't mean that fiat was turned into crypto, it just means that the price of the last transaction for a coin (be it, BCH, BCT) is multiplied but the total supply of that coin. The market cap doesn't mean much at all, it's just an idea (although most times a bad one) of the worth of that coin compared to others.

so when we say cryptocurrency have a market cap of 170B we don't mean that there is 170B fiat money flowed to crypto ?