I dont think theres $10bil fiat in crypto total...
 

so I just saw BTC dip 300$ in 5 minutes...literally looking at the 5min/candlestick chart...

for convenience sake lets say its a 3% drop in 5 min...with a market cap of $160bil this means +4.5 billion $ got sold in 5min...

I call bullshit on that...

the total crypto market cap is supposedly 460billion....bullshit again...for example bitcoin forks and bitcoin cash has 26billion$ market cap...polymath was airdropped and it suddenly has 240mil market cap :1orglaugh:1orglaugh:1orglaugh they literally calculate hot air + hot air = market cap



I suddenly feel optimistic that BTC can really reach 50 or 100K/coin :1orglaugh:1orglaugh:1orglaugh

if only 10bil fiat is in the game, and the rest is hot air, I honestly think the fart-in-a-jar market could easily reach impossible heights before crashing like an anvil dropped from a plane...

just googled this:
"Nobody can tell for sure how much money were invested in cryptocurrency market, but analysts from JPMorgan say that net inflow of $6 billion resulted in $300 billion in market cap. Since then the market cap gone up a bit, so let's assume that the net inflow is $9 billion,"

https://medium.com/crypto-punks/teth...s-2984430e7e48

the article above is a good read, explains why tether may really crash the crypto market in a big way etc...

Good article, if the USD tokens are not being used by the big players I'd say it's a huge win for the crypto community and moving forward. I hope we get to see some strong decisions regarding USDT.

I do not know what to think about USDT...I can see ETH and Bcash having huge problems with tehter being a pinning currency and not them...so I guess it would be in their best interest to spread FUD about thether...but then again it may all be true and they may well be wash trading the living shit out of BTC with printed tether...

what scares me about thether is that it has the 2nd largest volume of all cryptos...if it crashed it would crash crypto HARD...I really do not know what to think about tether...

but if the total cypto market cap is only 10bil in fiat then crypto has loooong way up and I do not see a problem with 100K bitcoin...say bitcoin has IRL 3 billion in fiat put in, this is not a lot of money at all if we look at a global scale and 30 billion would be quite possible in the next few years if something massive did not happen...300 billion would not be a problem either if institutions were to accept it and invest "institutional money"....300 bill is not much...this would theoretically bring btc to 1million/coin LOL

a no coiner who's obsessed with crypto? wtf is happening here!

The Oracle enjoys day trading...made 3k yesterday with litecoin and 500$ this morning but I missed out on the jump today I was expecting a drop for Chinese New year so I cash out...I did not expect the 10k breakthrough...oh well...

So JP Morgan as admitted to trying to pump and dump the market?

no they are correctly claiming that there is 10billion$ invested in crypto...the rest is mined/airdops/forks...air...

Your logic is faulty because you don't understand the definition of market cap.
Market cap = total coins ( or shares, etc.) outstanding X price
Change in market cap != transaction value (number of coins traded X price)

To make it simple, let's use an example with rounded off numbers. Assuming the last Bitcoin trade was 1 coin at $10,000 and there were 15 million coins outstanding, the market cap would be $150 billion. Let's say that some calamitous news came out and the very next trade was 1 coin at $1,000 or at 90% below the previous trade. The market cap would then be $15 billion ($1,000 X 15 million). $135 billion of market cap would essentially evaporate. The shrinkage in market cap of $135 billion would not equal the transaction value, which is merely $5,000.

Using another example, if a Bitcoin traded at $10,000 with 15 million coins outstanding and there were subsequently a million Bitcoins traded at the same price of $10,000, the market cap would remain at $150 billion, despite $10 billion of transactions.