Re: [2018-06-22] $17 Billion Deleted From Cryptocurrency Market in 24 Hours
$17 billion is a hell lot of money 
Meanwhile, I would like to know why ''deleted" was used a choice of word for the title. It makes it seem like someone went to a dedicated computer, pressed on the delete key and poof $17 Billion disappears!
Meanwhile, I would like to know why ''deleted" was used a choice of word for the title. It makes it seem like someone went to a dedicated computer, pressed on the delete key and poof $17 Billion disappears!I do wish market cap could be uninvented as a metric. It means nothing.
That 17 billion never existed. You could knock tens of millions off the market cap with sells that net the sellers a few thousand dollars.
But, but....marketcap comparison with GDP of countries, with listed value of companies like Amazon. Can't we do that anymore?
You can compare the price of 1 grain of rice with the weight of gold in fort knox if you want, no-one's going to stop you
I've been using the term "monetary base" for a while now, and that's because that's what it is. I have no idea why the "capitalisation" expression ever became popular
It seems to me that such attempts to explain the situation retroactively have nothing to do with reality. I have not found a logical explanation for the fall in prices. It seems to me that only one explanation. Someone very influential with big money and opportunities is interested in reducing the price of bitcoin or Ethereum. I am generally concerned about the ease with which hackers break the exchange. Maybe there are no hackers?
And how is that a logical explanation? Somebody is doing...what? Dumping bitcoins after he has hoarded coins driving the price up?
Stop with the conspiracies
It can't possibly be a conspiracy if there's is only one person doing it, or if there is no evidence. You are in the market for one thing: a dictionary