Bitcoin Forum

BTC to break $300B cap. This just took the cryptocurrency market to an astonishing $500B!

Yay, 500 billion dollars are a lot of money, i just saw a lot of people on the TV talking bullshit about bitcoin, that it was a ponzi, and bla bla bla.

It is always the same, but no one is looking at all the money that is being invested on bitcoin, and i think that this is the most important thing about cryptos.

Without trust, there is nothing left in here, it just works like a relationship, without trust, we can not go anywhere.

The number is ofcourse great but I've always been sceptical about market cap. Today btc is 16k bot a moment later someone bought one coin for 15.9k and BTC market cap lost thousands of dollars. You should also exclude all scamcoins from the total market cap. The only bitconnect should probably have a pretty big part in this number and there are also a lot of even more scammy coins.

The amazing thing is we started 2017 off at 17.7 billion. What a great year!

https://coinmarketcap.com/historical/20170101/

That is just a huge number right there and keep in mind that we're still in 2017, with Bitcoin growing from just below $1000 at the beginning of the year to over $16k right now and speculations said the five digit milestone would only be reached in 2018. That's a whopping 1500% growth and of course would make the market cap even higher.

Not to mention major altcoins like Ethereum, Monero, Dash, Ripple etc have also grown at their own exponential rates in the year giving a big pump to the overall cryptocurrency market cap.

Just because the market cap for cryptocurrencies have reached $500 billion doesn't mean cryptocurrecies are worth that much. Not many people seem to know this, but crypto market cap is only measured by ciruclating supply x price per unit. Crypto's value isn't that linear, because simple movement can cause the price to change.

You think someone with $500 billion can buy every cryptocurrency coin in existence? Nope. As the supply decreases, the value increases. This works the other way around too, because massive dumps cause massive dips.

I concede that it's a good metric to measure crypto's collective growth though.

well that is great for bitcoin and it shows the growth that bitcoin has and the way adoption of a new technology which happens to be very good and useful is going to be like when it starts. the fast and big rise.
but still that is market cap and it is not really the best variable you can use for a cryptocurrency, it is more suitable for companies instead.
it becomes specially useless when you are talking about the "total market cap" which is including all the altcoins and useless tokens that have been created notstop every single day. each of them add ridiculous amounts to this total market capitalization and none of them mean anything. they just exist and a lot of them are not even used or even traded anymore!

I still dont get why the call BTC a ponzi or a pyramid scheme. If it was a pyramid you would need to "recruit" your friends, or things like that. And a ponzi scheme will see BTC paying dividends or returns to initial investors. The lack of knowledge is the biggest enemy, they blindly follow media and dont do their own research. I really like blockchain technology and what can bring to financial securities. As a real use, I use it all the time to send money to my country without high fees (even higher than BTC miners fees)

Bitcoin is going to break the $300b market cap mark prety soon it seems. And when it does it'll probably take the entire cryptocurrency market with it, i don't even think that $500 billion is going to be an accurate estimate. Something more like $600-700 billion.

Whether or not it can hit the astonishing figure of $1 trillion next year is the real question here.

It has been an amazing ride, and most of the fuel has come from bitcoin. We've seen altcoins outperform bitcoin in the first half of the year and now bitcoin is really a lot stronger than in the first half.

Crypto market is growing rapidly, probably faster than anyone expected before but this is the reality and this is the future. Anyone who wants to be part of the future should join this train now.
All this false information about ponzi scheems and simlilar are just an attempt to discredit bitcoin and other cryptocurrencies because some see them as threat. But cryptocurrency revolution couldn't be stoped anaymore and more and more people are becoming aware of this fact. In couple of years majority of inhabitants in this world will have at least one cryptocurrency, that is my opinion.

In a sense it is a pyramid scheme and there's nothing wrong with that.

Ask new investors the following.
- Did you buy Bitcoin to use it as a payment system?
- Did you buy Bitcoin to profit from the crazy price increase?

People talking about Bitcoin makes others want in on the deal. This is how a conman gets people on board.

But then again this "pyramid scheme" brings a valid technology to the table (Blockchain).
This will ensure the bubble won't pop but wither down into a stable state.

Once things settle down Bitcoin will be a stable currency used to buy stuff.

I´m not so sure about the verisimilitude of this statement.

You have to realize that during the current 2017 BTC bull run (or rather a cryptocurrency bull run in general)
many new investors entered the market, who are not as tech-savvy and experienced as the early adopters. They haven´t experienced
a single bear market yet and will easily panic when such a market will occur. The people, who hold through 2014-2015
have strong hands and will likely hold even through another prolonged period of a declining BTC price. But the newbies,
who bought in this year will easily sell when they realize that Bitcoin is not only going to go up indefinitely. Especially the guys, who got into
(credit card) debt in order to accumulate Bitcoin. These "weak hands" can easily cause an unprecedented price decline
when they start to panic sell.

Yeah, bitcoin could really break the $300b market cap very soon as it sits around 57% of the total crypto marketcap. Really scary though to think bitcoin started this year at $700 and not it grows to $17K. If we crosses $20K this year, I think $300b market cap will also be touch.

I agree that marketcap is not a good barometer to measure coins real value, but you can't help to be astonished how much money is being poured in bitcoin and crypto currencies in general.

If we continue with this trend then there's no doubt that 1 trillion could be cross as well next year.

Mostly crypto's is fuel by the Asian investors, and I don't think that we will see a slow down next year. On the contrary, I'm seeing Japan and South Korea will still lead this march, with US and the rest of the Western Hemisphere at its side. 2018 will be another exciting year for crypto, no doubt about it.

Really looking to 2018, to see if we hit $1 trillion or not.  2017 has been a stellar year.  It seems hard to imagine things continuing at this pace though.

Funny, at the beginning of this year what the whole crypto market cap was and then in just the same year that we have not even ended, we have gotten this huge and still with a lot of room for even more growth. Looking at the adoption of crypto lately and the cap, it is good to know we are really in for the huge ride. Times are changing and it is enough to be astonished and then imagining what the future is really going to be like, most especially when BTC even gets the scaling issue out of the way.
Nevertheless, it is still a thing to be worried about considering all options which the main one is the fact that majority of new investors have no idea what they are investing in and any little scare can cause a heavy earthquake in the market. Just sharing my fears though!

There are more than 1000 coins right now and this number is increasing everyday.
500 billion $ is distributed among all this coins but bitcoin is still dominating market with over 55% market share.

Marketcap of bitcoin alone might even cross $1 trillion really soon.  ;)

This really looks like a dotcom bubble, because we have a huge 224 billion marketcap of shitcoins that barely have any use in real world - ETH has CryptoKitties smart contracts and XMR has privacy. Aside from that, there's no reason to have all those other coin, except maybe for LTC to use it when BTC and ETH have congestions, all those vaporwave projects that are promised by coins and tokens can be implemented on sidechains of BTC or ETH at some point. I doubt that altcoins will actually die, there will probably always be thousands of useless coins floating around, but in the future we will have a few big blockchains having 95% market share combined, because it's wasteful and impractical to have so many blockchains that are not secured by nodes and miners.

Because that is huge, no one can mention it.

Just tell me, how many times has Dash doubled it's price since it got released? More than 100

And litecoin? More than 50 too.


Bitcoin is probably the only one who increased less times, only that yes, it has an incredible value and probably this is what makes the whole difference with the other altcoins.

But 500 B is a lot of money, i can not wait anymore until it reaches 1 trillion,  :-X

Yeah, I’m sure most of us knew that it will come at this time but honestly not as drastic happen this past weeks. I’m not worried or anything but amazed that even the mainstream keep on attacking cryptocurrency this still goes beyond expectations by some investors. At a given time, 2017 is the most important year of bitcoin investment and 2018 will continue what have been started. So be ready to ride along.

Bitcoin was the only coin to start with $0.00000000 value. It has doubled infinity times.

Really a lot of money. I really do not care what people say this days as they just end up showing their own level of ignorance to the whole world that way. The trust is what will keep the community and the market in general strong and you are right because if that can easily be squashed, then we are just going to be in for a free fall.

Half trillion is astonishing indeed and that is a lot to take in at once. There is so much going for bitcoin right now and I am really hoping all the investors are really not just getting greedy and they understand where they are investing.

I am saying this because, we already have the manipulators in play here and they will want to do anything to have a solid hand in the market which they can only do by trying to manipulate the market. I may be wrong, but it is possible.

it is fake number because changing wallets.

all this repeated market cup numbers from site to other

It's really quite remarkable but I still this is as being only the beginning, I think in time we will pass 1 trillion and again a little while later we will pass 1 trillion in bitcoin alone. This may take some time and be a bumpy road but I think it will happen.

The crypto market is really gaining traction and already it looks like its racing to 600 billion dollars, its high time every one putting a blind eye on cryptocurrencies takes time to read and learn about this technology so that addo[tion happens quickly and we push for a trillion dollar milestone.
does changing wallets really affect this number ::) check coinmarketcap.com for these numbers

It’s not just market cap, also trading volume and prices. Market cap is just a result of more and more people putting their money into the crypto markets. I think this is just the beginning, next year we are very likely to see a big market growth as well, even though it has gone up quite a lot this year, and similar returns for upcoming years seem unlikely for investors used to stock markets.

You have a point but considering the amount of currencies in the scam coins, they may not really be something to worry about. One thing is that even with the market cap of these scam coin, this is a market that can be abandoned for any crypto at any time and that way the money is just flowing within the crypto ecosystem anyway.

We cannot say even say where the crypto total cap is going to be headed but we sure know this is getting big already. No one could have imagined the end of this year would be like this and this is like the craziest year we have ever had with the growth of bitcoin.

It is still a little bit scary though which is normal cause that huge growth in a very short while usually does not end well in another short period before the market recovers, but I would not want to be too pessimistic here.

It is only nice data when you look at coinmarketcap,but as we all know total crypto market is actually very misleading because there is so many coins out there,and most of them actually have no purposes-except that the owner make some profit.Even total BTC is 300 $ billion worth in this moment,but so many BTC are lost forever so that these data do not represent value of total available coins.

However, I think that these figures act positively on the overall impression when it comes to cryptocurrency-sounds good when you say "half trillion $".