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BTC dominance approaching all-time low
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Date: May 8th, 2018 7:51 PM Author: canary elastic band principal's office BTC/ETH ratio creeping up again too. is 2018 when the king finally loses his crown? (http://www.autoadmit.com/thread.php?thread_id=3971914&forum_id=7#36010872) |
Date: May 8th, 2018 8:05 PM Author: yellow stead famous landscape painting BTC's market cap is still greater than the other top 5 coins combined. BTC dominance is a misleading metric as shitcoins continue to proliferate like wildfire (CMC now has over 1300 coins contributing to crypto's total market cap, LJL).
A more meaningful measure of BTC's dominance, IMO, is: [BTC Market Cap] / [sum(Top 20 Market Cap)]
Would be interesting to see how that ratio has fluctuated over time, and where it stands now compared to historically |
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Date: May 8th, 2018 8:21 PM Author: canary elastic band principal's office every dollar put into a new shitcoin is a dollar not put into btc (or eth, or other blue chips) and thus represents more of the crypto kike-casino mentality. not good for the long term outlook of crypto imo. (http://www.autoadmit.com/thread.php?thread_id=3971914&forum_id=7#36011066) |
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Date: May 8th, 2018 8:30 PM Author: yellow stead famous landscape painting Most of the shittiest shitcoins (think 300+ on CMC) don't have any actual "dollars" in them. Their market caps are entirely illusory.
For example, Unobtanium (UNO) has a market cap of over $26M, with a 24h volume of $5,000. LJL, a single whale trying to sell off a few thousand bucks of that shitcoin would probably cut the market cap in half.
The way CMC calculates BTC dominance though, all these fraudlies market caps count toward the total crypto market cap. As with all calculations: garbage in, garbage out. Confining the calculation to the top 20 limits the input to coins with actual liquidity (for the most part). |
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Date: May 8th, 2018 8:30 PM Author: Saffron mediation volcanic crater we need to regulate some of these retarded coins out of existence. ETH would be 2 or 3 thousand if it absorbed the market cap of dumbass shit like bitconnect (http://www.autoadmit.com/thread.php?thread_id=3971914&forum_id=7#36011125) |
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Date: May 8th, 2018 9:01 PM Author: canary elastic band principal's office yep. btc will never reach a million if the "crypto" mindshare is split a hundred different ways. shitcoins need to be discouraged and publicly shamed so we can all get rich. (http://www.autoadmit.com/thread.php?thread_id=3971914&forum_id=7#36011376) |
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Date: May 9th, 2018 9:17 AM Author: Tan Elite Heaven Eth wouldn't be where it is if it weren't for icos and use as a shitcoin medium of exchange (http://www.autoadmit.com/thread.php?thread_id=3971914&forum_id=7#36013812) |
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Date: May 10th, 2018 1:46 AM Author: lime flatulent hissy fit (guy who just holds eth and doesnt seem to get the immense potential upside of shitcoin trading) (http://www.autoadmit.com/thread.php?thread_id=3971914&forum_id=7#36020622) |
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Date: May 9th, 2018 12:45 AM Author: buff bespoke theatre (http://www.autoadmit.com/thread.php?thread_id=3971914&forum_id=7#36012910) |
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Date: May 9th, 2018 12:44 PM Author: unhinged reading party stupid q: wouldn’t it make sense to aggregate eth and the ec20 coins? from that perspective we have eth dominant (http://www.autoadmit.com/thread.php?thread_id=3971914&forum_id=7#36015260) |
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Date: May 9th, 2018 3:55 PM Author: Tan Elite Heaven half of the "tokens" (especially ones with high market cap) are "soon mainnet" (http://www.autoadmit.com/thread.php?thread_id=3971914&forum_id=7#36016702) |