BitShares Forum

Main => General Discussion => Topic started by: kenCode on May 20, 2015, 02:58:50 pm

Title: Share price, market cap, "media" exposure and realistic expectations
Post by: kenCode on May 20, 2015, 02:58:50 pm

I'm seeing this "funny" trend..
1) Paypal starts accepting Bitcoin and it barely bumps the btc price.
 
2) Ripple Labs raises $28 MILLION and their share price only bumps up for about 22 hours.
http://coinmarketcap.com/currencies/ripple/#charts
 
3) The top 15 on CoinMarketCap, overlaid, follow each others 7-day VERY closely.
 
4) Pumpndump rallies never seem to last more than 36 hours.
 
So, for global growth it all comes down to this:
A) Which companies have the most robust product line?
B) Which companies employ the most experienced, driven, and accountable staff?
C) Which companies have the best image?
D) Which companies generate profit and do not need VC control?
E) Which companies are attracting mass media and Whales' attention?

Title: Re: Share price, market cap, "media" exposure and realistic expectations
Post by: oldman on May 20, 2015, 03:10:27 pm

I've been following the market cap leader board closely over the last two years.

In the last eight months there has been a noticeable consolidation in price direction among the top 10 or 15 cryptos - it seems like someone has put an algo or three to work and are swinging the crypto market en masse.

They are also keeping a lid on breakouts and putting a floor on dumps, particularly with BTC, to maintain a range. I can't imagine the profit they are making bouncing the market up and down at will.

The 'free' crypto market seems to act very similar to the equity and forex markets.

This is why Bitshares is so critical.

With regard to the other points, right now the answer to every question is Bitcoin.