Post
Topic
Board Speculation
Re: Crypto marketcap is now more than 13% of cash in circulation
by
Pursuer
on 02/12/2017, 13:48:19 UTC
Isn't it the sign that we are in a giant bubble?

no. it is a clear sign that yet another person was misled by coinmarketcap.com while reading market capitalization values and comparing it with market capitalization of other meaningful things such as currencies and companies.

in reality, these millions and billions are meaningless numbers. it is as if you start printing your own version of US dollar! imagine you buy a printer and print 100,000 dollar bills. print 10,000 of them with your HP printer! that doesn't increase the total "cash" in circulation unless someone starts using your bills. which people never will!