Bitcoin Forum

Crypto is now a $100,000,000,000 market. Congratulations to all believers and hodlers. How high can this nascent market get?

for the 100,000,000,000th time, nobody cares about the total market capitalization!

altcoins can easily make billions of coin out of thin air and with 0.00000001 price or ever less (yes there are a lot of them worth half a satoshi or 1/100 of a satoshi) and make this total market cap grow out of proportion, just like what your beloved ethereum does ;)

who cares man !! we know that these numbers aren't accurate at all
there are tons of currencies that have a fake market cap , especially new POS and other new coins
the developers sell like 10% of the total coins and hold the rest which gives a fake market cap /
let's just focus on the top 10 ( even I only care about Top 3 )

more than 50% of the capitalization is from the altcoins, and there are a lot of altcoins are nowadays far higher than they used to be, one of the explicit example is Ethereum where the biggest competitor against bitcoin, has almost half of worth of bitcoin.

soon bitcoin will be standardised, it will be higher than US debt total.

I don't know and i don't think that there will ever be a limit on the amount of capitalisation crypto is getting. It hasn't even been 10 years since the launch of the first crypto bitcoin and it's now a worldwide phenomenon that cannot be ignored by central bankers anymore.

It's interesting to note though that this drastic increase in market cap came at a cost - and that cost was altcoins outgrowing bitcoin significantly. I believe that this trend is ending in the near future, as altcoins will generally die off in interest periodically but bitcoin has a sustained interest.

And plus - fiat can go from real value to nothingness in a year. We never know, we might not even measure market cap in terms of fiat anymore.

Alta don't make billions out of thin air. Money needs to flow into the alts for them to have a price.

the problem is they DO do that!
it is just code, you turn 1 into 2 and you have twice the market cap. some coins even release tokens out of nowhere, and they have billions in code while none of it is available in the market.
how many of these coins do you think are available really with all the premine, ICO and all that crap!

This is still a major milestone no matter how much % alts make up from that.

If it wasn't for some of the altcoin projects like ethereum (note, im not invested in ethereum), worldwide adoption and recognition would be much lower than it is now. They attracted a lot of new people to crypto and that cannot be ignored..

300 bil+ end off this year mark my words.

The real business world is just discovering crypto. In 2018 over 1 trillion.

The derivatives market cap:

http://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp


Same kind of stuff.  If crypto takes 10% of this crazy derivatives game, it still has a factor 1000 to go.  But it will be spread out over myriads of new crypto tokens, once big finance realizes how to play the game.  Once there will be 100 000 crypto tokens, and their values (bitcoin included) will wobble up and down unpredictably, the perfect speculative market will be established.

Even if cryptocurrency market (Bitcoin and all the other altcoins) will reach astronomical capitalization value, I don't really care that much because I only have a limited capital myself. However, this is a good indication that many people are now starting to realize the income power of cryptos but we have to be aware of bubble traps. It is true that many altcoins have created money out of thin air and there are really scams out there pretending to be real but they are actually fake coins...made just to deceive and scam people.

puuuuuu


we just wanna party !!!


We take all triggers

 :D

You're right. But notice that fake coins Like POS that you mentioned Do not form a large proportion of total coins.
Now the BTC dominance is 46% and dominance of 10 first listed coins in coinmarketcap is more than 90%.
We can not ignore the significance of total marketcap. I agree with Minecache. This represents the growth of bitcoin and Other cryptocurrencies.

It's nice to now that more and more people start to believe in cryptocurrency but I don't really care.

Definitely. The market capitilation nor the price of a bitcoin really matters that much. However it does matter at least a bit, because speculators do rely on it to make profits, after all that's how they make a living.

It's illogical to measure how much the total circulation of bitcoin is worth in terms of fiat as well. I guess it's a good, convenient way for everyone to see the value of bitcoin, but a measure like gold would make more sense.

I remember that a coin called Solarcoin had a 20 billion market cap when bitcoin was at something like 10billion. Obviously, it was a crappy altcoin. What should matter is user adoption, and liquidity. How much can you sell without crashing the price? If you sold just $50000 worth of this solarcoin i was talking about, you could crash 20% of its value easily.

You can still look at it as a measurement. I know new coins launch with basicly created money on the fly. But it still shows if more money is coming in or is going out.

There is no real economic income without real value production.  The small value production that crypto actually produces (fluidity of economic transactions over what could be done in the fiat system) is insignificant as compared to the total market cap ($100 billion) or the total daily trade volume (several $billion): as such, this is pure speculation that cannot end well.   This is a total mis-allocation of resources, like in any economic purely speculative bubble.  We've seen it with tulips, stocks, housing prices, dot-com, complex derivatives.... always the same.  You simply cannot have sustainable "income generation" without value production.  People can really profit from it, by the heavy mis-allocation of resources, if they are on the receiving end.  Bitcoin is no exception.  It has even been the driving force.  But it is going to make huge damage, exactly like the stocks in 1929, housing in Japan (1990), in USA (2000-ies), dot-com (2001), derivatives (2007).  In the mean time, some are going to get very rich, and many are going to become very poor.

$100,000,000,000 Market Capitalization that's value have no reality with current market.only bitcoin and ethereum value is correct.there are many fake currency which have no value in current market.bitcoin cap now $47 billion and ethereum cap now $24 billion from coinmarketcap.this 2 coins cap 71% value of coin market.

Congrats for all the early adopters, and the remaining users. But what bothers me is that the Bitcoin dominance has dome down to just 46%. A few months back, it was close to 80%. Altcoins such as Ether and Ripple has eaten a lot of market share from Bitcoin.

Coinmarketcap distinguishes the "circulating supply" from the "total supply".  XRP, for example, has a "total supply" of 99,994,661,895, but its circulating supply is 38,621,693,933, which is what the market cap on coinmarketcap comes from.  Of course we can't be sure that this is accurate due to lost coins etc, but we know that it's the amount which is theoretically in the market.

If there was a circulating supply of two times more, in theory the price would lower as well and so would the market cap.

The market cap is nowhere near a perfect measurement, but trying to pretend that it's all manipulation just because it could be in some circumstances would be plain unreasonable.  It's not like the amount of money which just went into ETH was secretly $1, or that Bitcoin is actually worth its market cap either.

Theoretically it could be in the tens of trillions if it became a common worldwide currency. $100 billion is still peanuts by currency standards. That being said, crypto definitely has some significant hurdles to overcome before it reaches that point, if it ever does. I would guess it takes 20+ years for something like that to happen.

Yeah. No one really cares. Though if we are talking about bitcoin's market and its volume then it would be an interest to everyone. Those altcoins just mysteriously pump up so high then die so there have no real value actually since they are just shitcoins. You might as well post some topics regarding coins that has real value actually then that would be great.

Time is not far when bitcoin solely will going to break that bar. Currently bitcoin is going through the phase of legalisation and regulation which in turn adding more users and power to it. As a result it's price is raising day by day. Who thought in the starting of year that bitcoin will rise by 180% in just 6 months but here we are. Now in next 6 months bitcoin price going to take another double leap and hit the estimated cap of 100M

It's good news to see such amazing value. I'm sure many big company is being attract by this crypto world and hope for the best future with cryptos.
It's still need a time to see it happen so it's not impossible when Alibaba , Microsoft , and others officially accept bitcoin for their transaction  8)

I'm a believer and a hodler, but the statistic you mention is skewed as some here already pointed out.

Nevertheless, the crypto market will continue to expand and grow, there is no stopping it and innovations will drive it.

Obviously you can't compare this with the market capitalization of fiat currencies such as USD and EUR (which is around $2 trillion) or that of the major corporations (the market cap of Apple is $750 billion, and that of Google is $650 billion). But we need to remember that Crypto-currency is still an emerging sector. It is the growth, which is important.

Now > $110,500,000,000.

That's a lot of 0's and it's only going up it looks like.

But for BTC I'm worried what will come with August 1st and beyond...

$100,000,000,000 market cap feels good. imagine if a ruling family buys it all  ;D

Not to mention the thing that I just discover about the Market Cap of electra that exceeds ETH and bitcoin but has a more lesser price right now? yeah it doesn't really matter if the marketcap of a coin was very high it will always depend on the price value for them to be on the top but if we are talking about the Top of the MarketCap we can say that Electra has the most of it just like what I provided on the Screen Shot if it is really accurate!

https://i.imgur.com/sW3W1rp.jpg


 

I'm sorry to hear you say SolarCoin was a crappy altcoin - it seemed like a good idea to me. Having said that, you don't hear much about it anymore so maybe it has died.

That's a great news indeed. A major milestone crossed and I am sure this is not the end. It will take time to reach the next milestone though but we can't really assume how far it can get. The market cap of bitcoin and ETH alone can beat the GDP of few countries and we have around 1000 different crypto currencies.

The more the merrier. The more people will start using bitcoin, the more the market cap will increase and it can fetch any value which may not be understandable by normal people like us. It may go beyond our imagination.

I don't have any doubt that Bitcoin will exceed usd100b by end of 2017 in market capitalization

does it have a capitalization limit? ;D

This is right, the only true indicator of market capitalization is bitcoin, every other coin is suspect especially if they keep most of the coins in reserve, while some may say that many whales do the same with bitcoin at least that is not a centralized effort like most coins, the people that are holding their coins are doing it out of self interest and not to artificially bring the price up.

Quoting myself. :P We are only 28 bills away from the prediction I made in june. Meanwhile, it's not as easy anymore to just invest in a random coin and gain 1000% but still plenty of gains to be made on the good coins.

CME and JP Morgan futures in bitcoin are the first steps into major acceptance it's just a matter of time until wall street takes bitcoin in.

So for 2018 if USDT does not fall and this grow is natural very important what I say here. Then we can see 1 trillion in 2018. Maybe towards 2020 10 trillion.

Still, I like to put forward maybe a better predictor then me:

https://i.imgur.com/tWCdTwJ.png

I saw this image in 2014 and thought like. Let first Bitcoin recover to 1000 then maybe 2000 is possible at that time and I was wrong big time. Then I changed my hole prediction and 3 days ago I saw this prediction again and I was shocked how accurately he predicted when Bitcoin is going to be 10000. So let's say Bitcoin is 100.000 at 2021 or quicker? :P