Re: WTF? $20.000.000.000 seem to have been poured into BCH in a couple of days

Quote from: vit05 on November 13, 2017, 04:21:04 AM

And now 8 bi disappears from BCH Cheesy

. It is funny how easy is to manipulate the market

Yeah, funny money that were never there.
The whole 20 billion number is stupid since all the volume was below 15 during the pump.
Again and for the million time, market cap is irrelevant.

Quote from: BartS on November 12, 2017, 05:14:04 PM

Quote from: Don Pedro Dinero on November 12, 2017, 04:37:23 AM

Quote from: knircky on November 12, 2017, 04:34:36 AM

Quote from: Don Pedro Dinero on November 12, 2017, 04:26:27 AM

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? Buffets net worth is around $77 billion.

I dont think this can only be explained to Roger Ver and Jihan Wu going all in on BCH. They must have persuaded institutional investors to get into BCH. Apart from scared people exchanging BTC for BCH.

I will HODL but this is serious.

If the price of an asset goes up 20b does not mean that 20b moved into it. U can create that price with a fe million if u wanted

Could you explain this, please?

The market cap is the result of what people are willing to pay for the coins multiplied with the number of coins, the problem with that number is that does not reflect that billions of dollars were invested in the coin that only reflects what the potential market cap will be if every coin was bought which we know that is not the case, that is why many people prefer to look at the volume to know how much a coin is moving and as we can see while many have predicted the demise of bitcoin, bitcoin cash has a slightly lower volume in the last 24 hours but if we were to look at the volume since its creation bitcoin will have a lot more of it, that is why Im not worried about this pump.

Far easier explanation:

I create an altcoin, 1 billion coins, it's traded at 1 cent. Market cap is worth 10 million.
Somebody decides to invest 1000$ and the price jumps to 2 cents. Market cap is now 20 million.
It has grown 10 millions with only 1000$ invested.

Now somebody decides to sell 100 coins but with no buyers cause it's a stupid coin the price drops to 0.5 cents.
Market cap has lost 15 millions with barely 100$.