Post
Topic
Board Economics
Re: WTF? $20.000.000.000 seem to have been poured into BCH in a couple of days
by
Hell-raiser
on 12/11/2017, 15:42:55 UTC
I get up and see this:



BCH has gone from around $10 billion market cap to $30 billion market cap in a couple of days. Who the hell has some spare $20 billion to pour into BCH? Buffet’s net worth is around $77 billion

Market cap rising 2 times doesn't mean that so much money has actually been poured into Bitcoin Cash overnight. It is a way, way lower than that. It is only a small fraction of all coins that get traded, therefore you don't need billions of dollars to raise the market cap that high. That's why this metric is misguiding. People think there are literally something like $30 billion dollars in the market but it is far from that in terms of real dollars.