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Offline Mysto

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BTSX over taken by Monero in market cap
« on: September 24, 2014, 06:43:11 AM »


No how could this happen they doubled ltc market cap and pushed btsx to 5th. How could they get a 300 million market cap in a day with only $200K volume.
It's funny for a split second I believed it.

Offline serejandmyself

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Re: BTSX over taken by Monero in market cap
« Reply #1 on: September 24, 2014, 06:45:08 AM »
 :) :) :)
btsx - bitsharesrussia

Offline xeroc

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Re: BTSX over taken by Monero in market cap
« Reply #2 on: September 24, 2014, 07:21:55 AM »
lol :-D
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Offline tonyk

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Re: BTSX over taken by Monero in market cap
« Reply #3 on: September 24, 2014, 07:23:49 AM »

The Crypto space never cease to amaze me.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Empirical1.1

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Re: BTSX over taken by Monero in market cap
« Reply #4 on: September 24, 2014, 08:14:22 AM »
That's funny  :)  I saw that briefly too.

I find Ripple & Litecoin being briefly ahead of BTSX equally amusing :)

Once the BTSX kinks get sorted out, I'll find Bitcoin being temporarily ahead funny too.

Offline Mysto

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Re: BTSX over taken by Monero in market cap
« Reply #5 on: September 24, 2014, 08:19:09 AM »
That's funny  :)  I saw that briefly too.

I find Ripple & Litecoin being briefly ahead of BTSX equally amusing :)

Once the BTSX kinks get sorted out, I'll find Bitcoin being temporarily ahead funny too.
+5%

Offline xeroc

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Re: BTSX over taken by Monero in market cap
« Reply #6 on: September 24, 2014, 08:55:59 AM »
If you have invested in monero you should read through this and consider further steps:
http://bullbearanalytics.com/2014/09/23/whats-going-monero/

(disclaimer: not an investment advice of any kind - pure informational purpose)
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Online Frodo

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Re: BTSX over taken by Monero in market cap
« Reply #7 on: September 24, 2014, 09:16:23 AM »
If you have invested in monero you should read through this and consider further steps:
http://bullbearanalytics.com/2014/09/23/whats-going-monero/

(disclaimer: not an investment advice of any kind - pure informational purpose)

Interesting read, but still not sure what really happened.

Offline Mysto

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Re: BTSX over taken by Monero in market cap
« Reply #8 on: September 24, 2014, 09:31:26 AM »
If you have invested in monero you should read through this and consider further steps:
http://bullbearanalytics.com/2014/09/23/whats-going-monero/

(disclaimer: not an investment advice of any kind - pure informational purpose)

The last update says nothing has happened... so it seems like it was just a FUD campaign to me.
"**Update 4** : BCX’s postponed deadline has now also passed and no attack has occurred."

Online Frodo

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Re: BTSX over taken by Monero in market cap
« Reply #9 on: September 24, 2014, 09:41:17 AM »
If you have invested in monero you should read through this and consider further steps:
http://bullbearanalytics.com/2014/09/23/whats-going-monero/

(disclaimer: not an investment advice of any kind - pure informational purpose)

The last update says nothing has happened... so it seems like it was just a FUD campaign to me.
"**Update 4** : BCX’s postponed deadline has now also passed and no attack has occurred."

True but what was going on with that market cap?

Offline Mysto

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Re: BTSX over taken by Monero in market cap
« Reply #10 on: September 24, 2014, 09:43:44 AM »
If you have invested in monero you should read through this and consider further steps:
http://bullbearanalytics.com/2014/09/23/whats-going-monero/

(disclaimer: not an investment advice of any kind - pure informational purpose)

The last update says nothing has happened... so it seems like it was just a FUD campaign to me.
"**Update 4** : BCX’s postponed deadline has now also passed and no attack has occurred."

True but what was going on with that market cap?

Oh coinmarketcap was just hacked. I remember a couple months ago when dogecoin overtook bitcoin on coinmarketcap. That was a good laugh. This time the hackers made it somewhat more believable because they didn't make monero market cap larger than bitcoin.
« Last Edit: September 24, 2014, 09:49:47 AM by Mysto »

Online Frodo

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Re: BTSX over taken by Monero in market cap
« Reply #11 on: September 24, 2014, 09:49:21 AM »
Makes sense.

Offline fluxer555

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Re: BTSX over taken by Monero in market cap
« Reply #12 on: September 24, 2014, 04:52:39 PM »
No hacking... CMC just uses the highest trade price at all the exchanges it tracks. Somebody purchased $1000 worth of Monero on Bittrex's shallow market. From BCT:

What the hell is this ??



http://coinmarketcap.com/currencies/monero/#markets
https://bittrex.com/Market/Index?MarketName=BC-XMR

Somebody used 17,000 black coin ($1000) to buy some monero (about 0.06 total) at a stupid high price on bittrex.

You may notice how easily these 'market capitalization' figures can be manipulated.

I sincerely hope that whoever bought that was buying their own sell order.
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