Hacker News new | past | comments | ask | show | jobs | submit login

What does "percentage market cap growth" mean? (Is there a glossary of financial for beginners that anyone can recommend?)

If dogecoin takes off on Reddit and 4Chan as a way of showing appreciation I can see it having many users.




Market cap is a term borrowed from the share market[1]. I don't think it's technically correct applied to BTC but it commonly is.

Market cap growth as a percentage just means, if all BTCs in circulation are worth $10bn today, and $15bn tomorrow, then the market cap has grown by 50%.

I didn't use the price of the coins themselves as BTC is being minted more slowly than DOGE.

[1] http://en.wikipedia.org/wiki/Market_capitalization


"Total dollar value" is the correct terminology for currencies


you can check the market cap for bitcoin and dogecoin here : http://coinmarketcap.com/ dogecoin is at 8 mil for now , bitcoin at 10 bil.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: