Quote from: bitmover on Today at 07:31:13 AM

Quote from: oudomopo on Today at 01:47:09 AM

What if all cryptocurrencies merged together? Cuz if it merges, then the price of Bitcoin would pass $100,000? The market cap would be at $3 trillion dollars but what will the price be for 1 coin?

The thing is that bitcoin is about 40% dominance and eth 20%. With 2 coins you have 60% of the whole market value. So you can just buy these 2 to get most of its price variation. i believe that in the next bear market bitcoin will regain about 60% domiannce.

no one should ever care about market cap.. or use it for ant statistic.

the market cap is not a measure of anything real.
its not based on any dollars held in reserve pegged to an asset.

i can easily make a new altocin tomorrow and have a 1trillion coin pre-mine.
and then announce i only want to sell one amount of 0.01 of them coins for just $1
and with that $1 of actual usd in-use.. will create the metric/valuation of my coins market being $100trillion

i can surpass bitcoin market cap by 100x from spending just $1

i can make bitcoin look like 1% of 'crypto' and my coin look like 98% of all crypto. for just $1
so can people stop emphasising or thinking that market cap is of any significance.. because its not

market cap is just a generalisation of all the coins of an asset in circulation multiplied by its current temporary price.
it holds no meaning of any large actual value of actual dollar held somewhere.
and anyone can mess with the market cap by making loads of crap coins