(05-17-2017 03:18 PM)Satoshi Wrote: Yes I did read your articles in post 4218 and they are also deceiving. Coinmarketcap.com does indeed calculate market cap by circulating supply. I do not know if the authors of those blog post did not even bother to check this first, before writing thousands of words. And to expect you to check the credibility of what you are posting is asking too much.
I think that both of the articles are well written, and make very decent points based on good facts and logic.
Sure, you are correct to check into sources, facts and logic, and then to have skepticism if you find contradictory or misleading facts no matter what the source.
Sometimes the mistakes are innocent and sometimes they are purposefully misleading.
Regarding the question of circulating versus total supply, I don't think that the article got that point wrong.
One of the criticisms regarding circulating supply is that it is misleading and manipulative. So, for example, if you have 1000 coins in your total supply, but you are only circulating 10 of them, then the price of that coin will be artificially inflated due to artificial scarcity.
Both articles point to a variety of deceptive practices, and they claim to NOT be pointing to all deceptive practices.
We know that we live a bit in the wild, wild west, here, and hopefully, we are not going to be part of the problem in this thread to deceive RVF guys and attempt our best to share accurate information and sound logic and not attempt to appeal to various emotions in order that guys can better sift through the information to come to their own conclusions.
(05-17-2017 03:18 PM)Satoshi Wrote: Now it is 48.2 %. I wonder if bitcoins high price is only supported by traders buying and selling it to get in and out of other coins, and how much bitcoin would be worth without being the medium of exchange between dollar and other coins. This is something that guys should think about in their trades as it does indeed impact the price.
Apparently, you are continuing to calculate market share by including Ripple in your calculation, and apparently, you believe that is a fair inclusion.
Even if we include ripple and arrive at the 48.2% conclusion, I have considerable doubts about whether these kinds of numbers really matter at this time. Let's see how it plays out over the next several years. It seems that bitcoin has a lot of utility, even if it were to shrink to some extraordinary small number (let's say less than 10%).
How are you suggesting that this is going to play out in terms of investing into bitcoin? If someone has no bitcoin and no other crypto, you are suggesting that maybe they only hold 10% bitcoin? Or, if someone is already invested almost exclusively in bitcoin, then you are suggesting that they diversify into alts, and certain alts have more upside potential than others, in your opinion?
Personally, I get a little worried about considering that alt coin diversification is really going to pay off at this particular time, but sure, guys can make those kinds of choices, and some have handsomely profited from such diversification into alt coins in the past several months - but they also need to be careful about when to pull out of those alts, too.
It is difficult to make too general a statement about what to do, exactly without the question of some specific guy in front of us... Is anyone asking right now about how much bitcoin to buy, if any? Does anyone want to short bitcoin right now? Good luck if you are planning to short.. It might work out, but it seems a bit of a gamble prior to testing $2k, that seems likely in the coming days.
(05-17-2017 03:18 PM)Satoshi Wrote: It the same as if you could only buy pepsi stocks with coca-cola stocks. Coca-cola stocks would rise whenever someone bought pepsi stocks.
I don't know if it is exactly the same because you have to figure out which two coins (or more) that you are comparing, and then figure out how close they are to one another.
Maybe if you compare bitcoin and litecoin, you have a kind of pepsi/coke comparison, but if you compare bitcoin to ethereum, maybe you have a coke / milk comparison. This coke/pepsi thing seems not to fit too well, unless I am missing part of your point.
I will concede that currently we have a dynamic in which all of the cryptos are going up together, and alt cryptos have been outpacing bitcoin by anywhere between 2x and 200x in the past several months, but that does not make bitcoin a bad investment. We have some cryptos that seem to be plateauing, but sure some of them can have more 2x to 200x pumps in them, and bitcoin could have a 2x or 3x pump in the near future too. So, what to do? What to do? gonna depend on where you are at, no? how much you have in and what it is allocated into and whether you feel better getting out of some of it and putting it in something else, no?
You have been suggesting getting out of bitcoin since mid-$250s, but you should concede that approach would not have been very fruitful, right? Of course, you are not going to concede... hahahahahaha.. I am willing to concede to attempt to analyze based on current market conditions, and in the very short term bitcoin continues to look pretty bullish.. and even in the longer term bitcoin looks bullish - however, those assessments could change - yet bitcoin continues to seem like a decent investment, even at these ridiculously and ongoing ATH prices.