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Did the Market REALLY crash?

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Did coin market cap just crash the crypto markets? Did we lose 100 Billion dollars worth of market cap or is it just a change in the formula. 👍🏻Subscribe to my YouTube Channel: https://www.youtube.com/c/boxmining 👑Recommended Exchange - Binance: https://goo.gl/joe55C ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● 💰Buy Bitcoin Through Coinbase: https://goo.gl/h1bw5v 🔒Secure your Crypto with Ledger: https://goo.gl/trBwPr ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ⚡ SPECTIVE ICO (this is not an endorsement or suggestion to purchase) +20% Bonus on top of any current bonus on website using: https://ico.spectivvr.com/?refer=boxm... DO YOUR OWN RESEARCH. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ♨️Social: Telegram announcements: https://t.me/boxminingChannel Community Forums: http://forums.boxmining.com Steemit: https://steemit.com/@boxmining Twitter: https://twitter.com/boxmining Facebook: https://www.facebook.com/boxmining ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Track ICOs graphically: https://icotracker.org 💪Donations (Message me for Shoutouts!): Bitcoin : 13EvsPm3YhiCPGksQQdvQUFtsbF8FoU6Cz Ethereum: 0x58d98516363D2A5f93CE6aB4A4a909599C3EEC3a Website: http://boxmining.com
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Text Comments (292)
Boxmining (5 months ago)
Note: Coinmarketcap removed Korean prices leading to a perceived drop in value. Binance Reopens! : https://www.binance.com/?ref=10192887 Secure your Crypto with Ledger: https://www.ledgerwallet.com/r/428b Telegram announcements: https://t.me/boxminingChannel
Capo (5 months ago)
Boxmining Good for us. When the people fomo and sell
minotauruskt (5 months ago)
Fatal Fury lol nothing wrong man,stop panicking
Edward Arrowsmith (5 months ago)
sorry wrong post
Edward Arrowsmith (5 months ago)
are you drunk?
David Jansson (5 months ago)
Hi! Love your videos! Any idea when you will upload your portfolio video? Possibly in the next few days?
jeff jones (4 months ago)
Die scumbag
Kaminarimon (5 months ago)
ahahahahaahahah thank you guy haahahah
Chris Sheffler (5 months ago)
they had to have known this was going to happen.......??????
Greg Kienle (5 months ago)
This is NOT a market correction. It more realistically represents the 'real' market.
chaba72 (5 months ago)
any idea how long will this korean bullshit lasts , ?
Patty Cotton (5 months ago)
You’re cute lol
Mike Wang (5 months ago)
Hey guys if you don't want to be caught off guard during the next crash, I just released Messenger a bot called Crypto Cat Alerts. You just say "Alert me if btc < 13000 on bittrex" or "Alert me when xrp-btc moves 10% in 24 hrs on bittrex". Pls try it out and I'd really appreciate any feedback :) https://m.me/cryptocatalerts
chaba72 (5 months ago)
its a shame that i fucking country can influence the coinmarket that is like a wake up call , ...
aikude (5 months ago)
If this was done without being announced for days ahead of time, then it's at best criminally negligent. This makes Coinmarketcap the new Global central bank that can fix rates at will. It makes sense that insiders would have shorted before doing this, while the rest of the crypto-world suffered. How many more "algo changes" would there be going forwards? How many micro changes, we won't even suspect?
v kos (5 months ago)
be fearless when others are fearfull said "some1" back then nuff said
Mark Anthony (5 months ago)
Single crypto example: XRP did not drop $20-25 Billion ....because it was never really there. The most important price is the one you can actually trade. Coin market cap was absolutely correct to do this.
clubeau (5 months ago)
They should've at least post an announcement prior to the whole debacle (and explain, in details, what the repercussions might be in the coming days once this is implemented). Like at least post it on the top of the main page, in huge visible display, that they were going to exclude South Korean prices and market caps from the country's exchanges. Do that a week or 2 weeks in advance, at least. This is extremely reckless on coinmarketcap.com's part
chaba72 (5 months ago)
yeee right...
Coin Stacks (5 months ago)
Yes now your screwd.
Fukurokuju (5 months ago)
NEBULAS really is the "Google of Crypto". It searches all smart contracts, on any platform (NEO, Ethereum, Stellar...) And, it's not yet been listed on a major exchange or been placed correctly on Coin Market Cap (should be top 80). Moooooooooooooon.... of Saturn!!!
Jason Hewitt (5 months ago)
False crash - fill your boots
It’s a good thing because their price was always higher than the exchange.
Sophaine Von (5 months ago)
The Market is not mature...Thanks for new video Michael :)
Anshul Yadav (5 months ago)
Hey Michael, I bought a 2nd hand ledger nano s but I configure that as a new device, set the pin and wrote backup phrase by myself is it safe now?
aarceo (5 months ago)
No. They didn't change anything. This is an automatic script. GDAX has been excluded on the BTC price several times in the past. The problem is that most CMC users have never been to that Markets screen. Those asterisks have been there since forever and the automated script routinely excludes outliers.
KTrillion Maximoff (5 months ago)
CarbonCoin still pumping
DAWAARE (5 months ago)
Ghosteriz (5 months ago)
My god!! So coinmarketcap is actually the white whale behind all of these pump n dump ?
Rick Razoti (5 months ago)
i heard there will be a huge pump on the Ethereum Dark soon
Allan Hvid (5 months ago)
Use Live Coin Watch
Phil Kousoubris (5 months ago)
of course coinmarketcap triggered a tsunami with a butterfly ; the % change is now barely 1% 24 hours+ later. BUT you DONT want a "mature market" to factor in things so far ahead that it essentially becomes the NASDAQ or god forbid the S&P500. The returns now come with risk, but also $crypto's short history tells you to do 2 things: BTFD, and HODL. This IS the VERY early majority phase- we all are in for a $FUN ride (lol, pun intended)
DJ Acosta (5 months ago)
Just imagine Koreans....it went from 800B to 200B! Lol
Blaine Celestaine (5 months ago)
if the coins are being traded on those sites relative to the volume of trading the price should ve been averaged in. there is nothing to stop me from selling my coins on those exchanges. this is buy low sell high. . If the volume is low on those sites then factor less. but to exclude all together means a deeper reason is involved. This type of market manipulation will bring regulations that severely cut profits
Cake Gaming (5 months ago)
Talk about the new Enjin wallet!
iamdmc (5 months ago)
Fuck cmc they knew what was going to happen
Robert S (5 months ago)
World Coin Index is way better.
nic190 (5 months ago)
No love for $BTC lie last day
Crypto Galaxy X (5 months ago)
Bloomberg tv keeps saying crypto slide is because of us regulations
rushoratiu1 (5 months ago)
First 10.000 who sign in gets 500$ > next link :) upcoin.com/?ID=bde3697d
Randy Senyo (5 months ago)
Hi Mike, can you make a video on Digitalnote?
dingoo1971 (5 months ago)
Can someone explain me please, why the crypto prices in korea are so high? Why don´t the koreans buy cryptos on foreign exchanges? Why don´t foreigners sell cryptos on korean exchanges? Should I learn some korean and export cryptos?
dinsy512 (5 months ago)
I welcome the move, I don't use the Korean markets and so have no access to those high prices, but coinmarketcap should have given some warning. I did nearly make a decision on buying more XRP at an apparently low price, glad I didn't. I was wondering why the huge down move had such little volume. Now it all makes sense.
Michael S (5 months ago)
This is obviously outrageous on the part of coinmarketcap! No prior global announcement on something so major?!?!! There should have been a months notice...Unbelievable zzzzz
Vidar (5 months ago)
Good info. Thanks for your videos--
ⵔⵓⴽⴰⵜⴽⴰⵜ (5 months ago)
People are responsible for their own assets, I always double and triple check the prices of all currencies from different sources...
Sean Eskes (5 months ago)
Hey boxmining, how long do you think that this “crypto gold rush” is going to last?
Vapor Crypto (5 months ago)
My brother.... Always smiling !
April Sunshine (5 months ago)
Korea matters too! UGH!
Crypto Watchdog (5 months ago)
Gave us a great buying opportunity... professional investors love dips
Dormir Issy (5 months ago)
Thanks for thoses explainations. I was unable to understand why all cryptos had been going down at the same time.
Der Krypto Zoo Löwe (5 months ago)
I was chilled, but thanx now I'm more chilled ^^ Lol
Thinking Crypto (5 months ago)
Coinmarketcap sucks. Time to buy and Keep HODLing People!!
chipmunkvideochannel (5 months ago)
Thanks for the update. Very useful
minotauruskt (5 months ago)
Everybody buy now!
t395delta (5 months ago)
should have placed a banner on every page letting us know about the change or reset the counters maybe, and let us know at the top of the page. a better system would use a mean/average formula to exclude extreme prices on one exchange rather than dictating which exchanges count
Leon Brown (5 months ago)
They should have given a notice but people should know what their exchange price is per coin. If my exchange price is $20 and coinmarket is $30 you are fooling yourself thinking you have a $30 coin
ImPaulsive (5 months ago)
It's time to panic sell and run for our livessssssssss!!!!!!!!
bannerspot (5 months ago)
This was an excellent buying opportunity. I picked up more crypto by adding 10% more to my portfolio.
meadowsirl (5 months ago)
Just like during the last crash before Christmas HODLers were rewarded and panicers were punished. So far a mirror image. Remember folks "All Red.... Go back to bed."
Ming Tang (5 months ago)
CMC should have gradually reduced the weight of Korean markets over one day.
chand ahmed (5 months ago)
Good video
Tadej Perhaj (5 months ago)
You saved the market!! You are a true hero Micheal
rd f (5 months ago)
Great buying opportunity!
Alessandra Marchesini (5 months ago)
I bought 1 day before it, really sad but I will hold for a while to check if going up once more
A Man (5 months ago)
Few opportunities but interesting times
Battle Child (5 months ago)
Crosspit91 (5 months ago)
Nebulas (NAS) - brutal team, CEO is the founder of NEO (Hitters Xu), enormous use case (like Google for all blockchains combined), low market cap, low circulating supply (35 million) - this thing is ready to skyrocket. It's under the radar cause the market cap is not shown correctly on CMC, this thing is so damn undervalued. LOOK IT UP!!
Neel iyer (5 months ago)
Irresponsible. But many might have encashed and many may have lost.
Yuya Ogawa (5 months ago)
I think CoinMarketCap did right thing. Korean market is way much different from others and it looks like the market is fraudulent.
ryanonthevedder (5 months ago)
Cryptorose (5 months ago)
Crashing, lol. Looks like a typical day in crypto.
Tanweer Ahmed (5 months ago)
still not implemented properly eg walton is also listed against KRW on few exchanges and selling on very high price in comparison to rest of world but not excluded https://coinmarketcap.com/currencies/walton/#markets
Saulo Ernani (5 months ago)
Get out little lambo kids.... Welcome HODLERS 😎😎😎
Conot42 (5 months ago)
They should of told people before doing this. A giant NOTICE should of been on the website. I check it hourly and didn’t see anything about a large change coming
Vention1MGTOW (5 months ago)
That was a good opportunity for the insiders to do some insider trading and short the market before changing their calculation. You're right this market is immature. We've got to expect this sort of thing. In the conventional market only the "representatives" in congress can legally engage in insider trading. In crypto land anyone can do it.
indiekiduk (5 months ago)
There's definitely a misunderstanding out there on what market cap means and why prices are different on each exchange. Many new users are not experiencing real trading because the volumes are so high you don't need to put too much thought into your buy or sell price like the old days where you had to price it carefully so the order was filled by someone. Although Coinmarketcap used their position to their advantage hopefully they are going to put the money they made to good use and are not just being greedy.
Tony Smith (5 months ago)
Went shopping today. Lol.
free candy (5 months ago)
This is the perfect time to buy...
Xeratas (5 months ago)
Sometimes your Video titles Trigger me just reading it. Idk if you Always mean what they say or just clickbait but it's embarrasing af anyway. I know i shouln't be triggered...
Artus Kalon (5 months ago)
I remember when you started, with genesismining, long time in crypto long time
Leaf Comedy (5 months ago)
Hey all, use https://onchainfx.com/ it's better than coinmarketcap and you can flag your invested coins/tokens for easy viewing.
Kognition Wings (5 months ago)
Fud Buster Mike!!! Woot Woot!!!
Ian Eune (5 months ago)
I like your new haircut! Did you go to Korea recently by any chance? ^^
Diego H. D. (5 months ago)
The fault is on the community for blinding trusting a centralized entity when the main reason why we all love crypto is because is decentralized. Lesson learned ;) ... Let's wait for the next decentralized blockchain for price aggregation :P
Finnessen (5 months ago)
I lost respect for CMC not bc they "crashed the market" but bc they are quick to do something about Korean exchanges that has no effect on the market but keep BitConnect, something that will effect the whole market when it ends...
Drago (5 months ago)
And they don't take xrp total supply into consideration since it's centralized and not mineable their circulating supply is their total supply
Crypto Yoda (5 months ago)
Announce it should of they...big red letter write they must!!!!
AK46PlusOne (5 months ago)
Excellent early insight, thanks!
CRYPTO D CASTILLO! (5 months ago)
Dude thanks again for the info, I woke up to a sea of read. I was like WTF time to buy?
JRock888 (5 months ago)
Great work
Chris Reynoso (5 months ago)
It was ok to do but they should have at least put out a press release. They should have known what would happen.
jeremy Del Castillo (5 months ago)
I think it was a responsible move. I mean most of us don't trade at the rates of the Korean exchanges so this "correction" corrects us on the real value of what we should be getting things at. Basic statistics by removing outliers guys.
Andrea L (5 months ago)
is there an official statement from CMC?
Caligreen420 (5 months ago)
Aaaaaaaaaaahhhhhh yyyeeeaaa! More boxmining! Really good stream last night, keep up with the vids, you keep that crypto life fresh my dude👍👍👍💯
S Bell (5 months ago)
CMC have some explaining to do. I sense corruption.
Cuong Nguyen (5 months ago)
If I didn't get stuck with 10 LTC at 282 each and saw the price NOSE DIVE to 230, I would have bought it. I thought 262 was low, bought 2 and saw it even going down further. This whole event seems like all planned since I saw people panic and keep selling and then at 230, I saw a insane buy order so fast to get back to 247.
Karl Hensel (5 months ago)
Absolutely it was very irresponsible! There was absolutely no reason they could not have posted a damn header on page stating prices shown reflect new method of calculation or something to that degree! A very simple remedy could have been put in place. I would not be surprised if legal action were taken against them. I myself am just disappointed that these thinks happen so often. If it is not a hack, unverified news out of China, theft by projects, etc.. it is always something. I understanding it is growing pains but come on!
David Kess (5 months ago)
Are you sure it’s not the mining curb planned to be announced by China?
Jorge Arturo (5 months ago)
This was a very profitable morning just cause using stop loss
Amy Dixon (5 months ago)
Great info! I believe that 2 additional things need to be factored in too..as of yesterday, Cryptopia closed down their LTC and DOGE trading. In addition, cryptopia, binance and bitrix are reportedly paused in accepting new user registrations. Kucoin is taking new users and has some great reviews! It also reportedly may trade PAC coins soon too! https://www.kucoin.com/#/?r=7MsJPs
Zigzazoo (5 months ago)
Humph Schriek (5 months ago)
As usual The voice of reason and analytical insight! Thanks much!
Date VIP (5 months ago)
can we buy on bittrex or any other exchange that a coin is cheaper and sell on a Korean exchange? so for instance send 1 eth to Coinone sell it for Won and change it to USDT (Tether) then send the USDT to Bittrex. ??
Sam Jabarin (5 months ago)
Thank you for the clarification !
Ethan Asher (5 months ago)
Man ripple above 2 bucks. Should of bought it when it was 13 cents. Fml

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