Quote from: BTCMILLIONAIRE on February 10, 2018, 03:23:06 PM

When did CMC re-add Korean exchanges to the average calculations?

Korea represents a large amount of volume by the people but I dont know about the exchanges. Maybe they did a deal between exchanges, a forthcoming authorised tie up after the recent CFTC surprise

Quote from: Torque on February 10, 2018, 03:03:52 PM

Quote from: romneymoney on February 10, 2018, 02:56:27 PM

I think that's a good fair point I hadn't considered before really. Many of these coins with small to mid "market caps" on cmc are probably worth a fraction of the reported value. I don't think it necessarily applies to the larger cap coins though. If you remove the "other" from the chart it's still a fairly major chunk of dominance that has shifted.

The whole thing is just stupid. I could create a shitcoin today with a trillion coins (which I pre-mine 99.99% of them), wash trade one coin on an exchange for $1, and voilà my shitcoin has a $1T market cap and be #1 on the cmc listing.

If this was stocks similarly this could happen however it never does because its so obviously a mistake. The only possibility is very short term inaccuracies which are noticed by the market and adjusted naturally by arbitrage.
Such as BP stock is listed in New York and London (both holders are equal to each other) but obviously these two times of trading vary. Especially with large moves inaccuracy can occur which falsely lists the company value, traders will step in short sell mis-attributed value.

The example you give cannot happen or should not because the market capital only relates to floated stock. If Bill Gates owns 10% of the company and its the same stock he held since the 1980's then its not part of the market cap. Same should apply to Bitcoin really, if the address is never used then its not part of the fairly rapid monetary velocity which makes up Bitcoin value. That guy who lost his laptop in a landfill doesnt count as value, theres HODL and theres lost to any practical use forever so clearly he and that address should not be popping up on TV screens as 'the value of:'

So I assume all of Satoshi's money is quoted every time Bitcoin is discussed. We know he is never coming back to trade that though, the ironic effect if Satoshi did return I believe would be a drop in price. Just the new weight or equation of greater supply to the same demand. It might also be a positive of course longer term.

Price is rebounding from an upper trend to the channel from ATH I think