Where your hard-earned money comes to die. Home.
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when u think about it, seems like very lil' fiat is actually invested in crypto
Poast new message in this thread
Date: January 27th, 2018 2:06 PM Author: Idiotic Karate Space if I want a shitcoin , first I need to buy ETH or BTC. Then I put that BTC/ETH into the shitcoin.
Result of that investment is: I own $1K worth of shitcoin shitcoin seller owns $1K worth of ETH
So, in effect, investing $1K in the market creates $2K
am I totally off here?
given our current $550K marketcap, what do you estimate is the actual amount of FIAT that's been put in the market? we also have stuff like tethers that could be significantly inflating marketcap.
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Date: January 27th, 2018 2:23 PM Author: Vibrant french sanctuary regret You pay $1,000 to the ETH holder. He has your cash, shitcoin holder has the ETH, you have the ZIL. Everything just got shuffled around. (http://www.autoadmit.com/thread.php?thread_id=3873031&forum_id=7#35253766) |
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Date: January 27th, 2018 2:29 PM Author: opaque sexy athletic conference It's actually no different than a group of deranged schizos sitting around in an institution playing monopoly and believing that they are buying/selling real houses. (http://www.autoadmit.com/thread.php?thread_id=3873031&forum_id=7#35253833) |
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Date: January 27th, 2018 2:31 PM Author: Vibrant french sanctuary regret Yep and if you're not making your sheet rope for a midnight escape now, you're hopelessly insane. (http://www.autoadmit.com/thread.php?thread_id=3873031&forum_id=7#35253853) |
Date: January 27th, 2018 2:09 PM Author: opaque sexy athletic conference As I've said repeatedly, I believe the actual "market cap" as defined by coinmarketcap.com is highly misleading. If the price of ETH/BTC go up, the USD value of a shitcoin traded that same instant go up as well.
So in other words, because all shitcoins are traded in ETH/BTC, when either ETH/BTC rise or fall, the shitcoins by and large go in tandem with them. Thus, I think the market cap swings appear to be much larger than what is happening in reality with exchange based trading. |
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Date: January 27th, 2018 2:13 PM Author: Idiotic Karate Space i guess the good news is that means we're still early in the game. outside SK and xo, i don't think there are too many casual retail investors. the ones i meet either have techie friends who get them to invest or are Brooklyn hipsters who read reddit. and, in both cases, these people usually have very small portfolios (a few thousand dollars or less) (http://www.autoadmit.com/thread.php?thread_id=3873031&forum_id=7#35253686) |
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Date: January 27th, 2018 2:32 PM Author: Plum bearded son of senegal shitlib you're vastly overestimating the number of people in america potentially willing to invest in something as chaotic and at this point completely unproven in the real world (aside from not-too-clandestinely buying drugs on the darknet and as an extremely volatile "store of money") as crypto. most of the people willing to do so are already aware of it (http://www.autoadmit.com/thread.php?thread_id=3873031&forum_id=7#35253870) |
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Date: January 27th, 2018 2:36 PM Author: Vibrant french sanctuary regret At least in this form. If Schwab offered some of the more reputable coins in a neatly packaged option, you'd find more investors. (http://www.autoadmit.com/thread.php?thread_id=3873031&forum_id=7#35253904) |
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Date: January 27th, 2018 2:38 PM Author: Plum bearded son of senegal shitlib Fewer than you'd think, and more importantly you'd find more *rational* investors rather than a gaggle of 4chan dipshits and korean housewives following around pump and dumps. It wouldn't necessarily drive the price to moon. (http://www.autoadmit.com/thread.php?thread_id=3873031&forum_id=7#35253929) |
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Date: January 27th, 2018 2:43 PM Author: Vibrant french sanctuary regret Generally agreed, but you might be surprised too. People are leaving Blackstone to start crypto funds. Silicon Valley is setting up crypto ETFs for accredited investors. There is a search for yield out there and there are SOME promising assets in the space. Even my bag humbug side can't write it off entirely. (http://www.autoadmit.com/thread.php?thread_id=3873031&forum_id=7#35253978) |
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Date: January 27th, 2018 2:36 PM Author: Flirting Umber Principal's Office Cr. We're late if anything. Lol at legit investors caring about this. (http://www.autoadmit.com/thread.php?thread_id=3873031&forum_id=7#35253907) |
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Date: January 27th, 2018 2:39 PM Author: Vibrant french sanctuary regret Wrong as far as alts. Institutional money hasn't really even begun to deploy down into alts. There aren't many good targets, but there are a few. (http://www.autoadmit.com/thread.php?thread_id=3873031&forum_id=7#35253941) |
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Date: January 27th, 2018 2:40 PM Author: Flirting Umber Principal's Office They'll just make their own alts. (http://www.autoadmit.com/thread.php?thread_id=3873031&forum_id=7#35253952) |
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Date: January 27th, 2018 2:25 PM Author: Mind-boggling Ceo Heaven market cap refers to liquidation value not to the initial invested value (http://www.autoadmit.com/thread.php?thread_id=3873031&forum_id=7#35253790) |
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Date: January 27th, 2018 2:35 PM Author: Plum bearded son of senegal shitlib Holy shit no way (http://www.autoadmit.com/thread.php?thread_id=3873031&forum_id=7#35253895) |
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Date: January 27th, 2018 2:41 PM Author: Bull Headed Gold Stain Menage it’s funny you use the term liquidation value because the actual amount of $$$ from liquidating a coin might be <5% of its current market cap.
it’s grotesquely misleading to use market caps based on the entire “circulating” coin count (ie all except the ones locked up by developers) when daily volumes (in number of coins) is sooooooooooooo much smaller than the full coin count. cardano has what 26bn coins? would it’s market cap be the same if someone sold even 10% of that in a day?
there’s a market for volume weighted market caps maybe. if two coins have the same per coin price and the same coin count, but one has twice the volume, should they really have the same market cap? the stock market has has so much more depth than random altcoins that this isn’t a real concern |
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Date: January 27th, 2018 3:38 PM Author: Flirting Umber Principal's Office (http://www.autoadmit.com/thread.php?thread_id=3873031&forum_id=7#35254331) |