How we can believe in steem-engine data?
Dear steem-bountiers
do you saw the my post title image?
What a fuck you are looking of strange!?!?
Is it possible that DTT Dance Token Two have market cap almost like Bitcoin?!?!?!?!?
This is coinmarket cap screen shot and you can see that with such value DTT should be the second world wide token?!?!?!?!?!?!?!?
As usual here is the paradise of trolls, including steem-engine makers.....
Am i wrong????
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Looks like you have gotten some good answers already. Want to point out that market cap on thinly traded stocks/tokens/coins all can be easily manipulated. There is nothing backing the "market cap" as it's just a snap shot number of total tokens X last trade price.
This doesn't mean that if people started selling all of their tokens anyone would pay this much, it doesn't mean that much has been invested, it truly means very little as a stand alone number.
@intellihandling, Definitely you are not wrong because on Steemengine numbers are heavily mismatched in my opinion too and hope that over the period of time realistic numbers will be reflected.
Dear @intellihandling
The title of your publication attract my attention. I kind of found this post a bit confusing and I'm not sure what's the problem. However it's clear that you're very upset (cursing like a butcher :P)
ps. Check out my latest post if you have a chance. I would appreciate your feedback.
Have a great weekend ahead buddy.
Cheers, Piotr
Well, I get you, but S-E just takes the total amount of tokens multiplied with the last price it was traded at. Of course this is not accurate when there is so little volume... There is just no accurate way to calculate market cap otherwise.
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Dear @pele23,i understood it, but i think it would be more correct if instead Market Cap they write Teoretical Market Cap....
Indeed, but what is that exactly marketcap? I never look at that, the order book tells way more about the value!
Posted using Partiko iOS
Dear @pele23, market cap is the amount of real fiat money are invested to buy this virtual coin, so Bitcoin have $187.409.417.306 because people give such money to get BTC, when it value was 3.000 usd, its market cap was over third part of what is now....
I know, but it is just an abstract number, for me it has very little value
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I think, people just need to understand what is market cap... adding a false sense to it, would not help in my view. Making people believe in a value, is as missleading as not wanting to understand what it means.
Based on the token supply and last price, but it's not worth that much
Posted using Partiko Android
I have seen a few other tokens go like this too. Not for that much money, but they still were really high - $1000 per token. Once more people buy and sell it settles down to a normal price (close to nothing, lol)
Anyway this is not right calculation, it should be count as real market cap, not teoretical...
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There is everything there, as nothing is regulated by an impartial agent, so that cryptocurrencies endures it must adopt the best of real currencies as regulations, an example is to implement an automated ISO system with AI