Bitcoin Forum

Sharing another interesting infographic from visualcapitalist.com

https://www.visualcapitalist.com/bitcoin-is-the-fastest-asset-to-reach-a-1-trillion-market-cap/
https://www.visualcapitalist.com/wp-content/uploads/2021/03/BTC-trillion-main-1.png

as we can see from the data above, Microsoft took 44 years to reach 1 trillion market cap, while Bitcoin took only 12 years!

Unfortunately, Bitcoin could not sustain such prices for long, and now the total market cap is about 650 billion USD. ( 1 trillion marketcap is about 56K USD)
Anyway, that is an impressive milestone for Bitcoin!

Bitcoin is such a great asset in the sense that it do wonders, this is why traditional investors always don't like to mention it because it's kills their vibes. But i think we sometimes failed to look the other bad side of bitcoin too.
I mean, what's the point of reaching a destination and you couldn't wait to occupy the position. Bitcoin actually reached more than a trillion market cap but couldn't hold it up to a year which is quite sad. More than 1 trillion has been wipe out from this market since the sell off began, we need to iron out this problems

You can compare the times but you can't compare the situation decades ago with the present because it's so different
some people may be just starting out then and now many people are open to investing

I remember seeing this information as well, I just forgot where. Probably a video. It's great to see this but it would be another thing to see how long it could stay with that amount of marketcap. I think this is one of the reasons why a lot of people tend to stay away with Bitcoin, just because of the volatility. They don't think too much about the long-term too much with cryptocurrencies. Or people are just evolving to want faster gratification with their investments. That instant return with regards to their money.

It's the current trend with technology that makes it want to be fast-paced and I think this could be another pro with crypto when done correctly but we all know there would be people who would profit because of someone else's loss.

Market value is calculated by multiplying the price of bitcoin by the number created. While not a perfect comparison, the $1 trillion market value would make bitcoin’s value greater than all but a handful of the world’s stocks. Tesla, for instance, has a market cap of around $700 billion, while Apple is valued at more than $2 trillion.

Pro-bitcoin investors and entrepreneurs celebrated the milestone on social media.

Impressive indeed! And what made it a lot more impressive is that Bitcoin is existing on its own. It reached a trillion market cap and attracted global attention in so short a time without being ran or managed by an elite executive team, actively marketed or promoted by an experienced PR team, brought into partnerships with popular names in the business world, and so on. It only has itself to offer. Strictly speaking, it is not even offered, because unlike Microsoft, Apple, and the rest, Bitcoin was not actively pursuing supporters, users, and investors. Bitcoin was simply there to be discovered by people in whatever, even serendipitous, ways. It was only lately when Bitcoin started being actively shilled by its supporters.

Bitcoin is also the fastest of them all to lose a billion of all those big tech companies, one big FUD and billions could be wiped out of the market. The speed of growth of bitcoin is a double edged sword because of its inherent volatility that could go upwards or downward spiral in a matter of days or hours which is more of a good than bad since we are able to sort of predict what can happen next.

Volatility can be a double edged sword.. but in the long term, it is always beneficial. Even the correction phases have both advantages and disadvantages. On one hand, less serious investors will dump their coins and make their exit whenever the price crashes. And this ensures that the magnitude of such correction phases will be lower in the future. Also, these correction phases have a much more negative impact on the altcoins. If you check the exchange rates, it can be seen that 99% of the altcoins have gone down in value more than that of Bitcoin.

650 billion USD still impressive tbh, even back then not many people expect it to reach as much as $100 billion actually if you see the chart of its market cap its keep growing year by year despite some pull back due to dumping but it's still going up to another height.
If we take from that maybe in a decade we gonna hit one quadrillion but I wonder if that's gonna be sustainable it's just for example that if people join together those trillion market cap companies are nothing.

Yeah, I've heard Saylor say that countless times. But we have to keep in mind that the more time passes, the more money is printed, so it is easier to reach that figure sooner. Microsoft was founded in 1975. $1B at that time was worth much more than it is now, it is normal that it took much longer than if it had been founded in 2008.

Those are companies who works hard over time and with Bitcoin, we can achieve more if we don't rush things because great things comes in the right time. Bitcoin can't sustain that level for now because of its volatility but surely in the future, we will stay above $1 Trillion and I'm confident that more cryptocurrency will aim for that Marketcap, this market is growing and the current trend is not a big threat to achieve that big goals in the future, we are still on track.

Well, that's what I said in the last part of my post, that it is a beneficial thing that crypto and bitcoin is a highly volatile investment. With altcoins going down together when there is a correction, it is actually a good thing since people can get in a lot of markets at a lower prices and just sell it when the green days started again.

We all know what goods and services Google,Microsoft,Apple and Amazon are producing.
What goods and services is Bitcoin currently producing? ;D
Those companies have revenues and costs.What are the revenues and costs of Bitcoin? ;D
All those stocks,that were issued by those corporations aren't scarce.I'm sure that Google,Microsoft,Apple and Amazon can issue way more stocks,so their price will go down.Bitcoin is way more scarce than stocks.
What the Bitcoin community(with the help of people like Elon Musk) has achieved is great,but should we really compare BTC to stocks?

Well, I'd actually consider the situation back when Bitcoin first started and the speed of technology and stuff like that spreading, compared to when Microsoft first started and the stuff it had to do to actually accumulate and grow. On the other hand, though, Microsoft had something backing it, a company, while Bitcoin is well, just Bitcoin. It reaching that fast, even if it was the current era, seems to speak for itself imo. And is still an achievement at that no matter what.

Mining

It doesn't make much sense to me to compare companies like Apple or Microsoft with Bitcoin - it's something completely different in its very essence. Companies like all of the above are created and positioned for decades, they thrive according to what product they have and how much demand there is for it.

Bitcoin, on the other hand, was invented as the "A Peer-to-Peer Electronic Cash System" and later began to position itself as a store of value - which led to it theoretically reaching at least $1 trillion in market cap - which is actually not accurate if we take all those BTC that have been irretrievably lost over the past 12 years.

From a profit perspective this is an impressive achievement, but from a daily viewer’s perspective, the difference between big companies and Bitcoin is astronomical - except for those who can live with the fact that their asset loses 50% of its value overnight.

We don't know which level is lower. So we will never be sure that the price of subcoins is the appropriate point to buy now or any other day. perhaps these prices are the best. maybe the worst  ???

I don't know what is currently on the mind of the Chinese government, because if we look at the bitcoin cycle from year to year the Chinese government continues to create controversy when the price of bitcoin starts to fall, but from year to year bitcoin continues to experience price increases after a while and This year after Elon Musk's tweet has dropped the bitcoin market and again the Chinese government has banned its citizens from investing in crypto, so that adding to the market's more devastated :'(

https://i.ibb.co/DLHCQCx/IMG-20210524-232019.jpg

Yup.. these sort of opportunities occur only once in a while. And this time, the correction was mostly due to the altcoins. Most of the altcoins became hyperinflated and that caused the crash. Obviously there were a few triggers, such as the investigation against Binance, tweets from Elon and the governmental action in China. But if the coins were having fair valuation, then the impact of the correction might have been much milder. Anyway.. long term investors should not care much about these corrections..

I think it is an store of value from day 1 block genesis.

Take a look at the first block hidden message, by Satoshi Nakamoto:


this text is a clear mention of the ability, and purpose, of bitcoin to be a store of value.  We can see that Satoshi was worried about irresponsible policies of government printing money and sending them to banks, and that one of the Bitcoin purposes is to be an alternative to this  traditional financial system.

I agree that Bitcoin is not a company and it is not a straight comparison. But as an asset, we can freely compare GOOG, TSLA, GLD, and BTC.

And based on satoshi message, it was meant to be an store of value.

That is impressive but with all fairness to those companies reaching one trillion dollars is way easier now than what it was decades ago, after all a great deal of money was printed last year and this has been true during the last decade as well.

I think a more fair way to compare assets is if we use the average yearly rate of growth of each asset, if bitcoin still comes up as the first place in that kind of graphic then this will be a better way to measure the exceptional growth of bitcoin over other assets.

I'm afraid the name of this thread does not correspond to reality ... I think it would be reasonable to change 1 to 3 or 5, (I have reasonable reasons to be optimistic). Even if we do not take into account the growing distrust of fiat currencies, literally in 3 years the obsessive idea of ​​placing capital in Bitcoin will take over the world, (If the idea is reasonable, then it is highly contagious). In addition, humans cannot compete with evolution ... in the sense that cryptocurrencies are a new class of assets, and as this idea spreads, more and more public companies will sympathize with Bitcoin.

Bitcoin is limited ... there isn't even anything to add here considering that the Fed prints thousands of tons of money every year, for this reason, large institutional investors will also mature soon, (the arrival of which, btw, will smooth out the volatility). Even if that's not enough for you, Facebook has finally been able to lobby for the launch of its stablecoin (Diem) and I'm pretty sure Zuckerber will do what PayPal did. Just imagine that two billion people on one platform will have access to Diem, Bitcoin, and etc (if this happens, then Google and Apple will also create their own crypto infrastructure).

Can only be cryptocurrencies. The value of Bitcoins increases rapidly because of their strong decentralization and ownerless nature. Cryptocurrency projects that come later with owners like Ethereum, Tether, DOGE ... will hardly be able to increase their capitalization as quickly as Bitcoin.

Facebook and PayPal have taken diametrically opposite positions while dealing with cryptocurrency. PayPal directly integrated Bitcoin to its platform and made cryptocurrency more accessible to many of its users. On the other hand, the original intention from Facebook was to plagiarize the idea of cryptocurrency (obviously without giving any credit to the person who invented it) and use it for their own benefit. PayPal was going for a mutually beneficial approach, unlike that from Facebook. Now let's see which direction the other companies (Google, Apple.etc) are going to take.

Thank you for sharing.
Indeed that's impressive for Bitcoin to reach such a milestone at a fast pace.

Yet, we could still see scattered FUD's all around the internet space.
Then, those who don't look at history first and bought at an expensive price. Too jealous with early adopters without even thinking how much risk and patience they endured holding and avoiding the urge to sell at price pumps. Thumbs up to them.

The huge market cap is one of the disadvantages now. Many of the noobs are choosing to invest in newer shitcoins with smaller market cap, because they believe that Bitcoin is already having a market cap of close to $1 trillion and therefore any appreciation in the prices will be more muted. The sort of returns that the early investors received from Bitcoin can't be expected by the recent investors. And that is true with any asset, and not just Bitcoin or other cryptocurrencies.

No matter what the current status of bitcoin is, just by seeing how far and how great the achievement it has made it is already something that we should be proud of. Bitcoin started in a scratch and a lot of people doubted its capability and look where it got them. They are all regretting that they didn't invest in bitcoin when the price was still low considering the fact that they've known it on the earliest days where the price was so low. Bitcoin has grown a lot ever since and most of the altcoins considers it as a foundation on their price growth.

FUDs are here to stay and the only thing that we can do is ignore and move on, it will eventually fizzle out of existence and they will have to find another way to spread FUD again. Considering how fast the prices go up we have to be wary too that the prices could go down really fast too.

Yes it was the fastest assest to reach $1 trillion market cap in period of just 12 years while other major companies doesn't stand close to it.But what another major fact which makes this data more interesting is that it is still not mainstream,not accepted by all and have 1-2% global percentage using Bitcoin but still this has been achieved which really surprised me.So imagine about the time when it will be accepted by all and it will stand on top with highest market cap.This was possible with all the support and fight against FUD's from real btc supporter's.Soon to the moon.

I feel like that is a noob approach towards what we are doing here. I mean bitcoin was not created so that you could make 100x profit, some people did that it is true but that doesn't mean that we should be aiming for it we just have it without working for it because it is a by-product, when everyone goes into bitcoin obviously price goes up and that's it.

Bitcoin is like gold and it is a store of value the idea is to have a thing that is much better compared to fiat and also something that can still be spent like fiat, it is like a digital gold and that's the important part for all of us. I can't say that we are not there yet, but some people are totally forgetting what the purpose was and that is why they are going towards shitcoins.

I am not comfortable with the calculation being done here. First of all we need to be honest, and there is no point in manipulating the data. Here the OP has taken the number of years from the foundation of these companies (and not from the IPO). But the comparison is made after the calculation for Bitcoin is done from the date where the first coins were mined. Both are not directly comparable. If you want to take the 2009 date for Bitcoin (because the first coins were mined in 2009), then you need to take the IPO date for these stocks. The Google IPO happened in mid-2004, which is less than 17 years ago (although Google was founded in 1998).

Even if it isn't the exact data, it is still rings some true to it that bitcoin really did get to the trillion dollar marketcap really fast compared to other big tech companies. It is impressive how fast bitcoin got to that point but we have to always consider that it could go sideways, look at what happened this past few weeks, billions were wiped out in a matter of days.

Even if it is 14 or 16 years instead of 12 years, what Bitcoin has achieved is impressive. Google was the fastest to achieve a market cap of $1 trillion. And in case of Google, the company was founded in 1998 and within two and half decades the one trillion USD market cap was achieved. And Bitcoin was able to achieve it in almost half of that duration. And this is also one of the reasons why we should hold the coins for the long term. Look at the other companies in that list - GOOGL, MSFT, AAPL and AMZN. All of these stocks have retuned excellent returns to those who are still holding these stocks.

That's what I am doing, the problem is that the waves made by the market can sometimes shake our faith about the long-term stability of bitcoin market. Bitcoin is different from these stocks because they are companies that have people managing them unlike bitcoin which could crash and burn anytime.

True in absolute terms at least on recorded history. We need to take into account that numbers are different across different periods of history, but if you want to think only of the last few decades, it is right. It was something that was waiting for a brilliant mind and a supporting community to be created. I guess that, like may inventions in history, it was just waiting its turn to be created and when it did, it boosted spectacularly.
Perhaps one of the main reasons is that all the enabling technologies and factors were already there and that it is very "asset light" in stock terms - that is, you do not need to build a factory to create bitcoin and you do not need to own land to have bitcoin, hence, the barriers for this are superlow. This is also confirmed by the myriads of alts.

This is not too surprising for me as I have known Bitcoin to be a great asset anyone could ever own. The drop we saw now is just a feature we all know that this coin possesses and we are sure that it is going to reach and even surpass the point of this I trillion marketcap that we see then.

right, we look at the long term, and hope that it will provide prosperity in our old age. we have to open the mind that investing in bitcoin will certainly have a good impact going forward. by looking at the way of thinking of the company that has been successful, we should be able to imitate it for ourselves

As long as the basic indicators are in green, we don't have to worry much about the future of Bitcoin. Ever since the first coins were mined in 2009, the userbase has been growing at a steady pace. Along with it, the adoption and acceptability are also increasing. There may be temporary setbacks due to governmental actions (such as the recent curbs in China) and other incidents, but as long as these parameters remain in a positive direction, we don't need to worry much about the future viability of BTC. 

There were times that people celebrated Bitcoin reaching $1 billion, but this time around you can’t talk about Bitcoin going back to $1 billion market cap because it has passed that level and won’t be going back to that level again. So, this same way that it has reached $1 trillion and dropped back, one day we are going to pass that level once and for all and the market cap won’t drop below that level again, but would rather continue from there and keep on growing really big.

Bitcoin is the way to financial freedom and everyday a lot of people are getting to realize that that’s what it is and they are getting on the train everyday, the community never stops growing.

Right. Bitcoin was the fastest asset to hit $1 trillion, after it came out in 2009. Total bitcoin transactions now total over $1 trillion.
That's because the bitcoin price hit a new all-time high on Friday. One bitcoin currently costs around $55,000 — and there are about 18.6 million bitcoins in circulation according to Coinbase. (The total number of final bitcoins available is capped at 21 million.)

I think you are not checking the current market price of bitcoin, currently, it is now at $35k range not $55k. But anyhow, it took about a decade for bitcoin to achieve this trillion  market cap in the market. Not many companies can have this kind of feat in a decade. Most of them are attaining this level in more than a decade of existence. However, the difference is that, bitcoin can be used in all parts of the world by all kinds of users. So maybe, this is the reason why it achieved this level relatively faster than most top companies. There are no borders in using this cryptocurrency.

Despite the big drop, bitcoin has now $667B in its market cap. But nevertheless, it's still one of the quickest and best asset that we've got in our time.

People who have been looking to the recent drop of bitcoin and starts to speculate negatively about it, don't really look from where bitcoin started and how it had conquered all of those negative and bearish days.

681billion dollars as I'm typing now.

this is almost Half of the ATH capitalization last month.

Sounds low but still too far high from the value in 2020 end year.

Negative thinking are always there because that's what we Positive thinkers wanted to happen , they Sell we buy that's the scenario and will always be for the market showing its Health and valuable to invest.

Those who complain so much about the crash are forgetting the fact that market cap stood at $150 billion a year ago. For the long term health of the cryptocurrency market, this correction was sort of necessary. Also, a lot of non-serious users, who believe that Bitcoin is a magic wand that can make them millionaires overnight will make their exit. These will be beneficial for the market in the long term. Anyway, for users like me, these short term fluctuations doesn't matter. Because we believe in HODL!

This is not an apples to apples comparison. It's comparing an asset category to individual companies. But as long as we're pointing out things that don't matter, bitcoin is also the only one of these assets to lose it's one trillion dollar designation.  Can't point out the hype if you're not gonna acknowledge the pitfalls.

We moved beyond 1 billion dollar cap not that difficulty though, it took probably a tiny amount of time to get there, it was never a "nobody cares" product, even on the early days there was interest towards bitcoin unlike most new shitcoins we see today. However it took a long time for it to become 1 trillion because let's face it that happened during a period when bitcoin was known all over the world and talked about almost daily, even people who had no crypto investment talked about it with someone once a week because it was such a hot topic, it was trend topic on twitter probably once a day, sometimes changed inside the day itself.

The difference between 1 billion dollars and 1 trillion dollars is around 1 trillion dollars, it is that much difference. Hopefully we will reach 10 trillion dollars and more as well, that will see us above gold and that is a very important step.

Bitcoin is not a company but anyway it was a remarkable achievement though, while the marketcap is a useless metric within the crypto community.

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But this chart also shows that how volatile the bitcoin is compared to the other stocks and companies since it almost crashed to half of its all time high value in one month time so people who consider bitcoin as an fast profit investment need to look out its volatility as well.

It keeps going down but it doesn't bother nor scare me. That's bitcoin for us and it had given more profit to me than losses by just being cool with what's happening in the surroundings on its market.

They are giving us cheap bitcoins and that's why whenever the market is going through several corrections and we're one of those people who are buying the dip, we know what we're doing unlike the panic sellers, they don't.

It is an important metric to measure the growth of cryptocurrencies in general. Otherwise how would you measure it? through mass adoption? thats not a thing and the whole world will keep their own currencies instead of adopting crypto. While I understand that some people love to keep on holding their crypto but getting that higher marketcap mark means higher price for cryptocurrencies and bitcoin in particular


Its not if you use a higher timeframe chart

a lot of factors playing as to why bitcoin reached such a high market cap at a very short period of time relative to other assets available for acquisition. One of which is of course social media. The more people talking about bitcoin and how awesome it is, the more people are compelled to include it in their portfolio. Not to mention the fact that shillers on the internet also exists that could temporarily pump the price of bitcoin.

That may be true. But also look in to the growth in global wealth from the 1990s to now. Amazon and Google were established in the 90s, while MSFT was founded two decades prior to that. So naturally, they took a longer duration to reach the $1 trillion market cap. So ideally we should be comparing Bitcoin with those companies, which were founded after 2000 (or more preferably, after 2008). I am talking about stocks such as FB and TSLA, but they are yet to attain the $1 trillion mark.

An increase of market cap value doesn't necessarily means it is adopted by mass people, if it actually happened then the volatility should go down from time to time but it doesn't. Rich people started to take the influence over cryptos which boosted the price all of a sudden and when he said stop accepting bitcoin then the value crashed which is not actual adoption which is meant towards the decentralization, all those people were here for quick money.

Just wait until it hits $10 trillion market cap in the next rally, maybe seems unrealistic but considering how the market cap increase is rather linear bullrun by bullrun it's really possible that bitcoin market cap could grow ten fold the current amount of its market cap in ATH maybe within the next bullrun or the next two bullrun, we're still at early stage of early adopters and expect to see something a lot more bigger than it is today in the future where the world utilize blockchain based technology that are trustless and decentralized.

To be completely honest, this is a very skewed depiction of growth.

BTC was spawned some 2-3 decades after Microsoft, Apple, and Google. Without adjusting for inflation and the deterioration in purchasing power of the fiat currency, these comparisons are all useless and overstates bitcoin's growth.

And don't get me wrong - growth has certainly been exponential, it's just not to the extent that this infographic boasts imo. But in the future, I do think that as BTC becomes the global reserve currency, we'll see even inflation adjusted growth records being broken by BTC.

And the fastest asset that can lost it. Thats the main point of crypto. Fast gains, fast losses

Market cap of $10 trillion is not unrealistic. The only thing is that we may need to wait until 2025 or 2026 to see that happening. With every passing year, we are witnessing an increase in the user base as well as adoption. This trend will continue in the short term and it is only natural for exchange rates and market cap to go up. There is no other possibility, because Bitcoin is constrained by the principle of controlled supply. It may take one or two bull runs, but eventually we'll overtake gold (in terms of market cap).

I am very shock on this because we all know that Bitcoin was the top one cryptocurrency all over the world with a 695 Billion of market cap and having a 18.7 million circulating supply in the market. Just a little push on the bitcoin and it will reach a trillion market cap and I am waiting for this time to come in order for us to be the real fastest asset who reach and hit the 1 trillion market cap on all of the assets and stocks all over the world. This would be probably became a world record.

Let me ask you a question. You invested in an asset for $8000. In 12 months, the price increased to $62,000, but then there was a correction and the prices came down to $36,000. Here my question is - are you still going to complain about the overall returns? Being an investor in cryptocurrency for the last 9 years, I have seen a lot of ups and downs with Bitcoin. I know that correction phases are when we need to hold on to our coins. I would even say that these phases provide us an opportunity to accumulate coins at cheap rates.

Well, in truth, this is just an excuse we use for something we can't control ... as I have said many times, most problems take time to resolve, including the "volatility" problem. I think we need at least ten more years, since you yourself can see that BTC already has a fairly decent capitalization, and colossal daily trading volumes, but this still does not give any guarantees of low volatility, (and algorithms that are able to protect the funds of large investors from sudden surges still do not solve the root of the problem).
 

Anytime the price of btc drop like this, market sentiments will kick in, some people have very little faith and too pessimistic to have the courage to hodl,
Some of us should already understand how the market operates, price can not stay up for too long neither will it stay down for ever,  this is what separate long term hodlers from quick profit takers.

I guess 10 trillion dollar is possible is a common understanding between all of us, it is just about how much time it will be required until we reach that which is the talk about right now. Which is why I am not sure what is going to happen because I can't give the exact time when it will happen, maybe it will be in 2-3 years, maybe 5 years who knows but I am 100% certain one day it will happen for sure.

This is why I am just buying and holding, I do not care when it will happen because as long as I can ignore all the crashes and corrections and only focus on the future that means one day I will be holding bitcoin when it reaches 10 trillion dollars. It is not easy not to sell when we reach 50% drop, but I am managing it.

Indeed btc is the fastest growing asset we have in the market, only a decade ago since btc was created and already achieve so much, the mc maybe low compare to what it use to be in few weeks back but knowing how btc is growing fast, in 2 to 3 years to come am sure the market cap will even be much higher, am not worried about this current price and my because I know the best is yet to come, so I hodl.

I didnt write anything about higher marketcap value means it was adopted by mass. I wrote that it was an important metric to measure the growth of crypto which I actually refer to higher prices.


It has happened a lot of times since the first halving and its not new. Back then a single FUD from China's statement about bitcoin would destroy it current ATH and now we have Elon Musk the-know-it-all that tweet nonsense stuff about crypto yet people believe him. Wether you like it or not, all those people that are here for some quick money, helps pump up the price and I think its good

I'd rather see bitcoin's price at the current 30k ish rather than below 10k tbh

Do you really think that majority are believing everything Elon Musk is tweeting, it has become a trend and i do not following him to believe everything he says but whenever he tries to created these kind of hype i usually jump into what he is trying to achieve to ride the rally. I understand the risk involved but i think it is not a huge deal to test with a couple of hundred Euros.

I would rather like to see the market going down further than $30k ish simply because i want to see the same rally yet again from a very lower valuation to its present all time high valuation and give me the opportunity to book my huge profit unlike any other market  ;D.

Most might not but wether you like it or not, his useless tweet were one of the factor that drives up the price. We were basically stuck at around 40k per bitcoin iirc back then in late March and one of the reason that the bull rally continue was because Tesla made an announcement that they were accepting bitcoin.

That positive news literally made the entire marketcap increase by around 600 - 800 millions . It was around 1.6 Trillion marketcap at late March before the announcement and I think it peaked around 2.4 Trillion


I bought some of my holdings quite cheap though so yeah Im enjoying this rally eventhough it goes down either way  :)

We gonna hit that in short amount of time and what I mean by short amount of time is less than a decade I think, remember the market become this big just in one decade, what's holding it from reaching such market cap if the adoption has increased right now compared to it was before but many
potential adopters of crypto still left untouched, that means we gonna see a lot speedier crypto adoption around the world and the recent various innovations coming up to the blockchain space also contribute to double the adoption. We just need one more thing that gives huge benefit to end users more and we're set for another massive bull run.

Ever since Bitcoin was created (2009), Bitcoin has given a positive return for every year until now. If you had purchased your coins anytime from 2009 to 2020, you will be in a profit right now (and that is despite the recent correction, in which the prices went down by 40% to 50%). And what more proof you need to do long term hold? Ultimately Bitcoin is going to make us very very rich (in case you are not rich from your investments in Bitcoin till now). All you need to do is to hold on to your coins for another 5-6 years.

indeed we must instill thoughts like yours. when there is a big correction, we have to start investing and let it go in the next few years. things like this are not easy, even though they seem easy, because we let our assets in the next few years, of course, the more often we look at charts, there will be a lot of inner war in our psychology to do something

I have noticed one thing. Most of the investors don't panic when their stocks go down by 10% or even 20%. But the same people get in to panic mode, whenever their crypto holdings go down by 10% or 20%. Why this different approach for different assets? If you want to get good profits from cryptocurrency, the first thing that you need to do is to stay away from panic selling. Other important things to do is to ignore shitcoins and scam projects, and to keep your holdings secure.

It is a disadvantage but at the end of the day they are the ones that are going to suffer from it and not us, institutional investors for the most part understand this which is why they invest in bitcoin only, retail investors on the other hand see the market cap and the price of bitcoin and while they know they can still get profits they get seduced by the promises of altcoins.

We know that a few of them will actually make more money but the vast majority are going to lose everything they have in the process and for some reason blame bitcoin in the process, and while this is sad they were the ones to take such decision and as such they need to learn to live with the consequences of their actions.

Nothing impressive, it's the result of wash trading, market manipulation, and people who are investing without knowing anything but want to be rich very fast.
You can't manipulate Microsoft market as easy as Bitcoin market.

I would be interested to know the marketcap without all this, and to know what would happen if people were investing into all those better cryptocurrencies than Bitcoin is but that most people don't know. Bitcoin would probaly not even cost 20k. Most medias are only talking about Bitcoin, price of bitcoin is nothing based on technology and reason but only hype and craziness, otherwise Ethereum and Dash would cost more than Bitcoin, that's a fact. Today, Bitcoin is the most popular cryptocurrency with the most unadvanced developpement and technology, this is what you should talk instead of money/marketcap.

This is not a perfect comparison because the situation of Bitcoin and other companies is not the same, but we still have to admit that Bitcoin is an asset that gives us a huge profit big.

Altcoins are still in the bubble zone and the situation may remain like that for some time before the bubble bursts. When the correction occurred two weeks ago, I was thinking that it will result in many of the altcoins going back to the fair valuation. But that never happened. There was not much change in the Bitcoin dominance, which means that the altcoin market share remained unchanged. Those who do enough research knows about this and they would prefer Bitcoin for investment. But some of the new users may go for shitcoins such as XRP and DOGE, influenced by the massive propaganda that is being unleashed in the social media.

they are like food for the whales. with the incessant news circulating, of course, it will affect the psychology of novice traders to follow the direction of the news, and finally the market is dropped until many traders cry. therefore of course it will be safer to invest in bitcoin, especially if it is planned for the long term

Having bitcoin reach the 1 trillion market cap this early siçnce its launch is only a sign of how much potential and how big it could become ine the future, and even though pople having second guesses about it every time the price goes down it still proves them wrong but coming back even stronger than before, especialy in the past 2 years where cryptocurrency gained a lot of attention and a lot of investors and major companies have started acknowledging it, and i am pretty sue that a year or 2 from now bitcoin will reach a new milestone.

That's really fast, and it is not going to stop increasing like this and reaching new market caps all the time.
This steady increase in price will be giving a lot of people the courage to start investing in cryptocurrency, most especially bitcoin, so we should be getting ready to see more increase than this.

And for the fact that bitcoin is not like all these institutions/companies and everyone is free to invest in it means that it is going to be really huge more than all these companies combined. Let's just be looking forward to that huge growth, those that invest now are the ones that are going to benefit from it then.

The reason is bitcoin alone a known cryptocurrency to most of people over a decade.So the trading volume for the bitcoin will be huge compared to other cryptocurrency.The reason for the more users in bitcoin compared to other coin,volume is one of the reason.We may see,the Ethereum will reach this peak in near future.

The trade volumes in many of the exchanges are inflated, and I won't go with those numbers. And the level of over-reporting is especially high for the altcoins. For many of the alts, the real trade volume may be just 10% or 20% of the reported numbers. And a higher trade volume doesn't necessarily translate to a higher market cap. On the other hand, in many cases it may be a sign that heavy manipulation is going on. And regarding Ethereum, I don't have much hope. The developers are simply not interested in resolving the issues on time.

This is one of the reasons why bitcoin is hated by a few of the billionaired out there and have earned it a lot of hate speech. As its said that bitcoin doesn't follow any form of arithmetic progression and its not a sustainable investment. I hate to questionnaire the ideas and expertise of these guys but, it gives me a reason to think that, they see bitcoin more as a competition more than a fair means of exchange for which it is.
Your right on this. Becuase, looking at it from its origin when the challenges were really tough won't tell the whole story. Information channels of the 90's and today are relatively distinct and we all know how information plays a vital role in the growth of a business or investment plan. A yearly comparison brings the whole to a level field.

Microsoft, Apple, Amazon, Google all of the are the greatest and powerful industry in the modern era. But, Bitcoin is a great technology and fastest hit 1 trillion marketcap within 12 years. Where as, Microsoft, Apple, Amazon, Google are hit 1 trillion marketcap many years as we see the chart. So, we can little observe that after 10 years Bitcoin will be the available every country which is very dominating and wonderful position without any doubt.

It's hard to see bitcoin's price holding its high any longer due to its volatility. The bullish trend will very quickly affect the market capitalization and the bearish trend will also do the same. But the achievement that bitcoin has made are impressive even if they don't last long. So, if bitcoin can reach 1 trillion marketcap in 12 years, then it is still possible to see it reach 2 trillion in 24 years due to its future potential.

They are a little bit different than bitcoin though, as they are companies and bitcoin is a currency and coupled with the speed of the market hitting a trillion marketcap is that it is volatile so it can also take really fast for it to go down too.

Indeed the market cap story is overwhelming for the bitcoin. Honestly other coins are also in the competition and it's surprising to see how they are overcoming the real world businesses in such short period of time. Im pretty sure, this has to do with the digital world only and since we are moving to space-age or already into it, bitcoin and rest crypto technology will see more good days in the future.

It's funny, we are somehow using products of microsoft, apple and other tech giants to successfully execute the blockchain operations. I mean from internet to mobile devices to  computers everything counts in for the 1 trillion marketcap.
 ;)

That's the good thing about the market, it's sort of fair for everyone because they might win or lose their investment due to volatility with winning being so rewarding. It is indeed and impressive achievement but it is also an indicator that bitcoin can go much higher than 1 trillion in the long-term.

Indeed, Bitcoin as an asset was able to show an incredible result of growth, which brought it to the first place among the rating of international companies. Yes, this is an amazing situation, which has not yet had analogues. Is this good or bad? I think well and even think that for Bitcoin, the capitalization of 1 trillion dollars is far from the limit and there is a high probability that the capitalization of BTC can reach 20 trillion and even higher. Why do I think so? The fact is that BTC can, to some extent, become a replacement for the US dollar, and probably in the next 4 - 5 years it can absorb most of the dollars, which will increase its capitalization. In any case, Bitcoin is now one of the most attractive assets.

Im not so sure that in this case its a good characteristic

     Indeed, bitcoin has achieved a lot in all it's years of existence. Although very stunning, it isn't that much of a surprise for people who understands the potential of electronics and the parts it may play in the future. Having this new thing back then when the world was at a time of great technological development where new things electronic connected are popping out of nowhere, it would only take a matter of time before this "new thing" back then would catch a lot of publicity both good and bad. Which helped it a lot to reach several ATH at such a fast pace comoared with other assets. And I believe that bitcoin along with all the altcoins in this industry are still at it's early stages and still has a lot of room to improve and gain more attention.

- Many of your shares are probably a bit too biased for bitcoin because substituting a country's currency is a taboo and it hits the basic limit that governments allow, especially the US government is not a small system, their acceptance of bitcoin is still low and requires an alternative to dollars, that's funny. There is always an immediate ban on such intrigue, but I also agree that bitcoin is a project that is developed on a huge scale, the capitalization of each year is never low and it is estimated to increase a lot

Not surprised to be honest, but very impressive. The only snag is that bitcoin might lose its market capitalization with seconds where as apple, google, amazon and other top stocks won't lose their market capitalization very easily. Even though bitcoin lost its 1 trillion marketcap, 600 Billion isn't bad at all. Anyway, you shouldn't be comparing stocks with bitcoin. They are two different things which can't be compared with each other.

Its true Bitcoin hit in trillions too fast and the owners of world leading companies shocked who always make fun of Bitcoin. We have to be take into consideration that numbers are distinctive over distinctive periods of history, but in the event that you need to think as it were of the final few decades, it is right. It was something that was holding up for a brilliant intellect and a supporting community to be made.We know that early adopters of technology in every field and Bitcoin is great creation in financial sector and truely early adopters got benefit from it.Still Bitcoin surving in the age of early adopters so there is chance to secure future with crypto.

That's not what it's about, it's about safety.  If you really think that bitcoin was fairly priced at $60,000, then you should be investing every cent you have right now in bitcoin and should never quit buying until it's at that price again.  Otherwise, you have to admit you don't know what fair value actually is, just like nobody else knows what fair value actually is.  Bitcoin's price is pure speculation, and "investing" in it is nothing but gambling because there's nothing that drives the price other than everyone's perception of what it should be worth.  That's the opposite of investing.

I agree with the analysis of the source.
Bitcoin reached $ 1 trillion in the capital market on bullish investor sentiment. Also because we are preparing for a new stage of Bitcoin where we are all necessary. First the community, now it is the institutions and the governments will begin to take that step.
Let's not be afraid of the new there is always a first time to start and learn. This is how all bitcoiners start learning as we go.

I also believe Bitcoin will reach higher than 1 trillion marketcap in the future, Bitcoin's very rapid development has actually provided evidence,
that in the future Bitcoin will give a big surprise to all of us who always trust Bitcoin even in bad situations. So don't be a person who regrets not
being able to feel the profit that Bitcoin provides for people who believe in Bitcoin. Therefore, there is never a doubt to collect as much Bitcoin
as possible. Because in the end, those who believe in the future of Bitcoin, that person will be the lucky one.

Unlike the stocks and real estate, you can only assume the fair valuation of a particular cryptocurrency. Because the exchange rates are solely dependent upon demand-supply balance. In case of the stocks, you can calculate the fair valuation using a simple calculator, by studying the quarterly P/E ratios and market outlook. That is not the case with cryptocurrencies. There is no P/E or EPS numbers available. All you have is a figure on circulating supply and maximum supply, and the average daily volumes.

That is a fabulous achievement for BTC，as we can be seen from the figure, Microsoft, Apple, Amazon and Google have only stepped into the 1 trillion marketcap in recent years，just a  few years before BTC.
So can we conclude that there will be more and more newbie entrants 1 trillion marketcap soon，such as ETH？

There is no doubt that it was a fabulous achievement. But unfortunately, Bitcoin also became the fastest to lose the trillion dollar market cap level. It just shows the volatility of this asset. Despite growing to hundreds of millions of users, the volatility remains as a primary concern for Bitcoin. And regarding Ethereum, I don't think that the trillion USD market cap can be attained anytime soon. Now the gas prices are low, but for almost 6-7 months the average cost of sending tokens stood at $10-20, and it created a lot of issues for the users. Ultimately, the lack of scalability will become an issue for ETH.

High volatility, trends and also the number of millennials who invest in crypto make the bitcoin market cap shot up sharply. And keep in mind that I don't think mass adoption has even started yet. I think bitcoin must be able to compete with other top tier companies such as Apple, Microsoft and Google Alphabet, of course within the relevant market cap.

Well, it is not really an "asset" alone and that could be the difference, we are talking about something that is basically both an asset but also a currency at the same time and we didn't had something like that since gold was used as a payment option.

This is why it is great, there is this "buy bitcoin and get rich" type of deal in the crypto world which makes it easier to promote, people think it is a get rich quick reality instead of scheme, because there has been so many people who invested into crypto and made so much money that eventually everyone thinks they can get rich buying some crypto, and that is why it is easier to make it to 1 trillion dollars because everyone is interested. Not that many people cared about other assets because they were working to get there, which I understand its cool and all but bitcoin is just.. something that is there, and we took it there.

There is an issue in calculating the market cap of cryptocurrencies such as Bitcoin. Lost coins are not excluded while doing this calculation, and as a result the market cap may look higher than it actually is. This issue doesn't exist for stocks such as AMZN and TSLA. So the current market capitalization of Bitcoin can be said as inflated to a certain extent and the actual number may be 20%-25% lower than what is given in Coinmarketcap. The second issue is related to liquidity. In terms of liquidity, BTC is far behind the major stocks.

Bear and bull runs are what separates the BTC market from the traditional stocks market. What saddens me the most is the involvement of riches in our community and them manipulating the price. There is an anonymous group that has warned him though, so at least people are aware that they should not blindly follow one guy. I don't want to talk about him but somehow he is responsible for the bear run so I had to.

Talking about achievements and quickest to a trillion, I am sure BTC isn't even at 10% of its actual potential because there are lots of halving still to happen and with each of them the price only gets higher so I imagine the actual market cap will be 100x or even more than what it is right now. Also, the model of BTC is made such that the coins are limited and daily some coins are burnt in various addresses so demand is going to only rise.

Why are you not sure? this clearly shows that the growth of bitcoins has been monumental and continues to grow. No way we are going to reach the saturation point anytime soon.

The pandemic also helped the cause of crypto actually so that was one reason why suddenly everyone was talking about crypto. The growth we might have seen in the next 1-2 years has already been achieved.

Wish there are more ways of spending crypto because right now it has become an asset that can be exchanged but to spend crypto you actually have to convert it into fiat or online payments.

The multi corporate you mentioned are services that can only be valued if they are providing the service they offer and the amount of profit they make selling their products and you really cannot compare cryptocurrency market to the stock market as both are entirely different in terms of how we evaluate the market and hence it is not even a fair comparison in my opinion.

 

The main reason for the current surge in value growth is the pandemic and the turning on of the printing press by central banks at full capacity. Everything else is also directly or indirectly related to the government's economic incentives to overcome the pandemic. I would not be so categorical that all the potential growth has already been achieved and then we will only see a price drop or stagnation. The current strong correction after the insane growth of bitcoin seems to leave a reserve for the subsequent growth of the exchange rate price by the end of the year, provided that the price dynamics stabilize in the coming months.

maybe, if the price of Bitcoin continues to rise to $ 200k or more, then maybe eth will follow too & touch a $ 1T marketcap...

the crypto market continues to experience volatility and for sure this will continue to happen at any time but we must be sure that every year there will continue to be investors who join the market and make the crypto market capitalization continue to be large.