Coinmarketcap is just simply that of coin market caps.
Almost wonder if we may state the same for stock market caps...
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Coinmarketcap is just simply that of coin market caps.
Almost wonder if we may state the same for stock market caps...
What is a coinmarketcap to be honest? To give an example:
It shows almost 9 billion NEM priced at 0.05... with $4 million trading volume.
I like NEM as a concept. But I really don't believe that if 9 BILLION NEM had a firesale, it would yield $475 MILLION DOLLARS before all NEM was liquidated like coinmarketcap.com suggests.
These are all false numbers. At a glance it seems "that could be the case".. but if coinmarketcap.com can report 24 hour volume, shouldn't they also be able to report logical sell/buy walls to show how liquid a coin is? Surely all NEM sold would die and lower in price a lot sooner than someone walked away with $475 MILLION. BTW, NEM has an asterix beside it, which means it was either an ICO or premine. So it's all speculation.
As an edit: 9 billion NEM created -vs- 24 million Peercoin. There is only 0.26% as much Peercoin out there as there is NEM. Pretty staggering figures.
Yes, I understand your points as well. There's even a greater problem with stock markets, fiat currency, and actual cash supply.
It is just a tool with some figures and should only be used as such. With more research elsewhere. Why I look at coingecko with other interesting numbers which your idea would provide as well.
The term of "due diligence" exists for a reason. And yes the supply number differences can be quite staggering although most people have no clue. ¯_(ツ)_/¯
It's the people that have no clue, giving value to the coins with no clue right now.
It's almost comical, but in a sick way. I promote BTS and PPC and most people don't know why until we appear on the top 5 list of coinmarketcap.com --- so weird and dumb.. my chosen investments are secure for real reasons.. I think yours are too.
It is just going to take time for people to realize they've been emptying their wallets for a smoke and mirror show.
If you are under 30 years old.. a smoke and mirrors show means you've been tricked into parking your money into an investment that looks great today, but it's fake in the long term. Get out before everyone else realizes the same thing.
Not too weird and dumb. There is much better silliness in our past. lol May just need to make a post from this spark of idea.