Quote from: fewcoins on December 03, 2014, 03:26:00 PM

Quote from: Raystonn on December 03, 2014, 05:41:07 AM

Look up the term "market cap". Save yourself some effort in recreating the wheel. BTW, you left out wallets worth less than 1 USD. So your results are not valid.

You're dumb as rocks lmfao... Market cap is far from what we are talking about here. Market cap is how many coins in existence X the current exchange rate which is a suckers way to calculate in the Bitcoin market because exchange rate is very very far from actual price. We are calculating the amount of bitcoins in all wallets and putting it into the same dollar terms as a month ago, Why do people keep talking about a lower exchange rate being the cause of this? Huh

Quote from: hyphymikey on December 03, 2014, 07:04:19 AM

Not only did you forget all wallets under $1, you forgot the EXCHANGE RATE.

You added up all btc in wallets X exchange rate THEN = your figure from a month ago

Now you "re-added" up all btc in wallets X exchange rate NOW = your figure from time of posting this

Of course there is 18 million dollars less, we are at a lower exchange rate now than then.

If all the ask on the exchanges moved up $100 and someone bought 1 bitcoin up to $480, and you did your math again, would you come here yelling that bitcoin is going to the moon and 13.5 million btc X the $100 raise just flowed into bitcoin? Thats not how it works! This is what you are saying, but the other way around!

I don't think you understand what market cap is. I also don't think you understand that money doesn't flow out of bitcoin. Bitcoins do not get destroyed, they are sold to someone for a price. So every dollar out has to have a dollar in. Thats what the word EXCHANGE means. When people spend coins with merchants, those coins are then sold to someone who gives the merchants dollars, and that person now owns coins. No money has left the system. Technically in bitcoin, there is only money IN. Which is miners adding to the total number of bitcoins. Yes it costs to make these coins, with electricity and equipment, but the exchange rate more than covers this.

Why are you so atiment about trying to convey this idea you have that clearly makes no sense? What is in it for you? Are you trying to get people to sell so you can get cheaper coins? Or do you just like to ramble nonsense? Thats all I've seen you do since you've joined this forum.

Nobody forgot the wallets under $1... Maybe you idiots did but I calculated ALL the amounts in ALL the wallets.
WTF keeps getting so hard to understand about that???
CALCULATE IT YOURSELF & GET BACK TO ME INSTEAD OF TYPING SHIT YOU KNOW NOTHING ABOUT!
You guys keep talking about market cap sounding like complete idiots... Market cap is coins in existence X the current exchange rate! How can you rely on that when exchanges and institutions are trading to each other for profits and them + bots are keeping the price "stable" until they do major dumps/shorting like today with the nice dip down to 375 randomly. It's due to a huge short position that keeps opening at this level from probably the same group of people with massive amounts of money but hey you idiot nerds with computers must be much more correct them then lmfao.

You are officialy retarded when you said money can only flow into bitcoin lmfaooooooo
Just because they can't be destroyed??? lmfao!!!

Do you know what's in it for me??? Getting out while I can when I already made a nice profit in bitcoin which I am sure many on here have too.
My only wish is I would have cashed out near 800 like I was planning but my faith in this system created by scammers and crooks made me hold...
I am trying to save people money.
People who are thinking about buying into bitcoin will think twice after they read these & the many other truthful threads.
That is important.
To save our fellow man pain when you should all know better.

LMFAO, where you stupid enough to buy bitcoins? Didn't you know that 18$ million was going to dissapear from WALLETS?

Oh my, lmfao, what a noobie you are Cheesy

PS: instead of lyfao so much, perhaps try and explain what you are saying, so that NORMAL people understand what you are saying instead of only the braindead.