I am deeply surprised by how few people are mentioning bots. This is no doubt directly related to trading bots that are polling coinmarketcap and then buying/selling through some API like the one bittrex offers. The number of bots that are actively trading is unknown, but if you do some digging the amount of resources and interest there is around trading bots leads me to believe that the pool of bots must be massive. I would love to be able to quantify the number of trading bots that are running wild, but my feeble brain can't come up with anything, maybe if I worked at an exchange I would be able to. Any thoughts?
A Cryptocurrency Website Changes Its Data, and $100B in Market Value Vanishes
131–140 of 177 posts
Re: A Cryptocurrency Website Changes Its Data, and $100B in Market Value Vanishes
#132I'm beginning to see how delusional it is to think you can make money by producing something useful or of value in people's lives. That's for lusers. Instead mess with the neural pathways of a large population such that they just give you their money.
That’s somewhat like a conclusion I came to about another field I am in, glassblowing. For a long time, I thought the idea was to become more skilled at the art, and that would make me
more sucessful… It turns out getting better at marketing is much more important, assuming the overall goal is to make money. Financially, mediocre glassblowers with excellent marketing do far better than excellent glassblowers with mediocre marketing.
Re: A Cryptocurrency Website Changes Its Data, and $100B in Market Value Vanishes
#133I'm beginning to see how delusional it is to think you can make money by producing something useful or of value in people's lives. That's for lusers. Instead mess with the neural pathways of a large population such that they just give you their money.
That’s somewhat like a conclusion I came to about another field I am in, glassblowing. For a long time, I thought the idea was to become more skilled at the art, and that would make me more sucessful… It turns out getting better at marketing is much more important, assuming the overall goal is to make money. Financially, mediocre glassblowers with excellent marketing do far better than excellent glassblowers with med…
well marketing is an art ..
marketing was born with competition, you need marketing, because you are not the only one good at what you do
marketing is anything and everything you do, to influence others, to achieve your objectives .. this does include the product design and features .. or in other words, the features you chose to include in your product
marketing is not bad, and is not a waste
marketing is not, in my opinion, more important than the skills required to create a product, but it is definitely very important ... because simply put, you are not the only "skilled" one in the market
Re: A Cryptocurrency Website Changes Its Data, and $100B in Market Value Vanishes
#134I'm beginning to see how delusional it is to think you can make money by producing something useful or of value in people's lives. That's for lusers. Instead mess with the neural pathways of a large population such that they just give you their money.
If money was distributed based on what was useful or of value in peoples lives, mechanics and chefs would be rich.
Re: A Cryptocurrency Website Changes Its Data, and $100B in Market Value Vanishes
#135Earlier quoted context omitted.
That’s somewhat like a conclusion I came to about another field I am in, glassblowing. For a long time, I thought the idea was to become more skilled at the art, and that would make me more sucessful… It turns out getting better at marketing is much more important, assuming the overall goal is to make money. Financially, mediocre glassblowers with excellent marketing do far better than excellent glassblowers with med…
well marketing is an art .. marketing was born with competition, you need marketing, because you are not the only one good at what you do marketing is anything and everything you do, to influence others, to achieve your objectives .. this does include the product design and features .. or in other words, the features you chose to include in your product marketing is not bad, and is not a waste marketing is not, in my…
"marketing is not bad, and is not a waste"
nah. while not always bad, most of the time it looks like a prisoners dilemma
Re: A Cryptocurrency Website Changes Its Data, and $100B in Market Value Vanishes
#136Earlier quoted context omitted.
Because it is far less used. The techno behind it is the same as bitcoin (with different configuration).
No, dogecoin theoretically caps out at ~30 transactions a second. Bitcoin caps out at ~7 tx/s. This bottleneck increases demand for tx completion and raises tx fees for bitcoin. The Dogecoin network can handle 4.5x more traffic than the Bitcoin network, meaning the satire cryptocurrency is a better technology at being a currency than bitcoin is.
Of course, since the Dogecoin client software hasn't been updated in the past two years it lacks the rather substantial performance optimisations that Bitcoin has developed over that time period, so it's not clear how well it would actually cope if it ever had to handle a transaction rate anywhere near its theoretical limit. (Or, for that matter, if miners are actually willing to process that many transactions.)
Re: A Cryptocurrency Website Changes Its Data, and $100B in Market Value Vanishes
#137Does anyone know where CMC gets the circulation numbers?
Re: A Cryptocurrency Website Changes Its Data, and $100B in Market Value Vanishes
#138Earlier quoted context omitted.
"cryptocurrency" is a bit of a mouthful, so I at least understand the urge to shorten it, but I wish we could agree to at least shorten it to "cryptos," as in: "A Cryptos Website Changes Its Data..."
Crypto means cryptography. Cryptocurrency should be shortened another way. Perhaps "Cryptotoken."
Cryptocash perhaps
Re: A Cryptocurrency Website Changes Its Data, and $100B in Market Value Vanishes
#139CoinMarketCap is in a tough position here. I can obviously understand not wanting to list massive outliers in an average, but at the same time there isn't realistically a way for them to "safely" adjust which exchanges they include in the averages. No matter what, it's either going to cause big sudden jumps in either direction, or they can "smear" it across some time, which (in my opinion) would look really bad as it…
I visit CoinMarketCap every single day and I don't recall ever seeing a notice or message about a change to the exchange listing.
Which isn't good PR given that all the related press (including non crypto currency specific stuff like Bloomberg).
https://www.bloomberg.com/news/articles/2018-01-08/bitcoin-r...
Re: A Cryptocurrency Website Changes Its Data, and $100B in Market Value Vanishes
#140I'm beginning to see how delusional it is to think you can make money by producing something useful or of value in people's lives. That's for lusers. Instead mess with the neural pathways of a large population such that they just give you their money.
Yes, just like casinos. Looking at Binance makes me wonder of it is a trading site or an online casino.