Quote from: Pursuer on December 12, 2017, 10:53:22 AM

Quote from: Oliver A on December 12, 2017, 10:31:52 AM

Will the cryptocurrency market cap increase as speculated?

only those who don't understand how useless market capitalization is for cryptocurrencies speculate about it Wink

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What do you think will be the cause if it does increase?

it will increase and the reason is pretty simple: they keep creating tokens out of thin air. 100 billion supply of some shitcoin that is worth 1000 satoshi is increasing the total market cap by $16.5 billion dollar and they create it with click of a button. and these days shit-tokens are worth a lot more than 1000 satoshi and have a lot more supply than that.

The same can be said about the notional value of derivatives. Those are made up tokens created out of thin air by banksters, but those who trade in them still ascribe value to them where many see none. That $1.2 quadrillion market capitalisation is equally useless, but people still sit up and take notice of it. The only way humans seem to be able to make sense of these things is to give them an arbitrary monetary value, even if it's completely meaningless in practice.