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A comment on Show HN: CoinMarketBook – CoinMarketCap, but with a different metric.

Re:Show HN: CoinMarketBook – CoinMarketCap, but with a diffe... by impostervt on Sunday October 07, 2018 @10:49AM (#18160807)
- What does support/cap tell us? I see that it's a "gamble vs investment" metric but I don't understand the logic behind that statement.

- Is buy support at any level? As in, there's hug buy support for bitcoin, but is this counting people who have buy orders at the $6500 range all the way down to the $1 range?

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Re:Show HN: CoinMarketBook – CoinMarketCap, but with a diffe... by DenGorbachev on Sunday October 07, 2018 @05:02PM (#18162590)
- It shows you how much of market cap is backed by actual buy orders (~ whether it's vapor or not). The more buy support, the higher the probability that current price will hold (discounting for manipulative orders, of course).

- Yes, we sum buy support at all levels. You can see the explanation here: https://news.ycombinator.com/item?id=18162456

[ Parent | on HN ]