What you are looking at actually is the general market cap of the whole market in all, but the OP asked according to the topic, if Bitcoin will hit a trillion dollar market cap.

Currently according to coinmarketcap, bitcoin has a market capitalization of $112,320,160,729, so at the end for bitcoin to be able to achieve a trillion dollar market cap at the moment, then we are looking at about x9 - x10 or thereabout and in that case, we are looking at about $60,000, imagining the circulating supply is even the same, which we know it is not possible. $60k is achievable in the long term, so I believe it is even possible for Bitcoin alone to achieve such market cap, let alone the whole cryptocurrency market entirely.

Well, I can say that for someone who has lost a lot of money, they certainly at some point have ended up coming into the space out of greed with no knowledge of how to invest wisely at all.

We have seen so many times the manner of approach of a lot of new investors in this space and most of it is centered on greed. You really need to understand as an investor that the only way you can make good decisions in the space without at all getting emotional is by knowing exactly what you are doing.

If you do not know, you will make mistakes and once you make mistakes, without still seeking for knowledge on how to do things right, emotion will definitely set in.

Zimbabwe does not have a trillion USD note, Zimbabwe has a trillion dollar Zimbabwean dollar note, as they are totally two different things and that was because of how bad their economy has been which to me has even gone down the drain.

Also, a trillion dollar note is totally a different ball game when we are talking about a trillion dollar market cap. In this case, we are talking about new money hitting the space and seeing the value of bitcoin grow in abundance of at least x10 from the present market cap which is something that I believe is achievable actually.

Personally, I will sell large amounts if I have to do so, and when I see trend changing. I have never had a problem doing that, I have been a trader all my life and I am always taking advantage of the market fluctuations to keep stashing my bitcoin for the long run. At least, it is an edge to always have some knowledge to know how to play the market.

I would not be so fast in selling though, I will be looking at the reaction of the market, and when the bull run will probably start, it is likely we will get towards $200k somehow, and this is when I really want to start selling bit by bit and once I see a trend change, I just offload the rest, and wait to buy lower. Same cycle. If the whales want to play their card, I best just play with them to my own favor.

Everything new takes time when it comes to adoption and for that reason we cannot expect cryptocurrency to just start booming all of a sudden without some level of growth and development in between. It is certain that this is a market that will live, develop and grow in the long run, which is why most of us are here anyway, knowing that this is the future of payment and with more development coming up that would aid real life usage, it even makes things better.

I actually do buy cryptocurrency because I support the technology, knowing how far it has helped me in most of my daily endeavors when it comes to ease of payment. A lot may not understand that, but at least I understand pretty well that there are so many benefit in this space than just for investment purposes. Sure, we cannot discard the fact that increase in value in the long term is bound to come into play, but I only see that as just a side benefit for holding and not the main reason why I am into cryptocurrency.

Capital gain tax! That is what I believe most governments will end up seeing it as in the long run. Taxes and regulation is something we obviously cannot run away from and the fact remains that government will find a way to benefit and at least control the space against any fraudulent activity that would probably limit the space from growing in the long run or create fear in the minds of investors from utilizing the space, so regulation will obviously be a welcome development, but I hope though that most governments will be lenient on the taxes.

Isn't that the normal definition of scam? You deceiving people into collecting money from them and running away. A lot of people who have ended up being victim of scams have always been the cause of their own predicament.

The handwriting is always on the wall, when it comes to the team, the availability of product and the business solution the project is bringing, but because some are just too lazy to read those signs and are just looking for a quick hasty way to get rich, they will always fall victim. So, at the end, I always see it as the investor's fault, for giving the scammers a chance to scoop them of their hard earned money.

Rather than putting so much attention in this year for bitcoin, I would rather be putting more focus in 2019/2020 for a bull run instead. Sure, a lot of development will come up within this short time, and we might probably get to see some slight or huge level of adoption as the case may be, and we all know what all that would mean for the space entirely. Nonetheless, I guess we will just have to be patient to see what the trend and time will give us eventually.

I bumped into the news of Huobi listing four USD backed stable coins [Paxos Standard (PAX), TrueUSD (TUSD), USDCoin (USDC), and Gemini Dollar (GUSD)] and obviously as I expected, USDT was not among them.

We all know how the whole thing with tether has been going for a while now, with shady stuffs going on, the team refusing to get audited and of course, less trust and more concerns revolving round this stable coin in the crypto space and you really do not want to be hedging with this, if you still are.

This post is actually just meant to be a quick awakening, if you are still holding Tether, you really want to dump it before you regret not doing so. There are now better, reliable and trusted USD backed stable coins, and for the fact that exchanges do not want to list it and for the exchanges where it is listed, i am certain pretty soon, the idea of delisting will come to mind, you really want to be cautious at this stage.


To be forewarned is to be forearmed.

Well, it would not be a bad idea considering that AI can really be of great help in detecting scams. It all depends on the program you put in and how you are able to select some certain criteria that would aid the AI in making those decisions.

More like the same decisions you would have made studying and researching on your own and then AI giving you those decisions easily based on those criteria you are looking at.

Somehow it is something that would come in handy, but with market tending towards being regulated, it would really not be a necessity.

Obviously! And these days that journalism somehow has turned to a joke and we get to see a lot of organizations spreading up with their own news and then not even verifying it, with the rate at which anyone can just easily start a blog and so many other things, I simply just see an avenue in which the only thing news platform are good for now is making money and they care less what they feed to their readers, it is only left for you as an individual to discern what you want to believe or not. For this reason, I have always focused more on what I see on the charts than what I hear on the news. Like they always say, seeing is believing.

Well! You do have a lot of points put together I must say. One thing actually is that TA, not just in cryptocurrency, but like you said in other traditional assets have become a norm one way or the other, and people obviously get to believe in any patterns that would possibly work out for them and because of that, they all think in the same direction based on their knowledge, and that is TA, which I do not see as the problem here.
 
It is a market, and when it comes to speculation or technical analysis, there is absolutely nothing we can do about it, as they are all part of the market which is why up till now even stock market is not beyond speculation. What we should just be looking at is that, instead of having just a speculated asset in our hands, real life usage will at least bring some sanity to it, and I do not see TA being the problem here, it is just for traders who are trying to make a living and looking for patterns from the market fluctuations.

There are so many growing and developing countries in Africa and it is just about time before we started seeing cryptocurrency becoming a norm here. However, it will actually be hard anywhere in the world to see cryptocurrency being used as main currency.

A lot of people keep talking about internet and the likes, but believe me, it is not like internet is lacking in most developing parts of this region and technology wise, they are gradually getting there. Sure, we cannot compare to developed continents or countries, but as time goes on and as we get the younger generations who are well learned stepping into action, we would see great difference.

The mindset a lot of people always tend to have to investment when it comes to trying to predicting the possibility of growth in the market and not understanding the risks, as well as the position a lot of people put themselves, when it comes to making investment decisions as their judgement is usually clouded by the former, it can be a bit tiring for them I guess. Nothing is going on, the market has been in cycles over the years, and there is possibility of greater growth in the long run.

A good time to invest now? most definitely!

What if it goes down lower? Then Invest more!

It is not saddening unless you want to make it a saddening thing for you. It is the market, and there will always be a cycle, altcoins have reduced hugely to their historical prices and it is a good time to start buying them now. In this case, you have nothing to lose and you can easily hold for as long as you can. Who does not want second chance? It is just a pity that even though this market is giving a second chance, some people will still end up blowing it away and not taking advantage of it, and in that case, that is when it would be saddening.

Never believe anything that comes with USDT pump and that is one of the reasons why USDT should be audited as fast as possible. Across board for USD, we are still inside the triangle, and we can see with the crazy ass move with USDT, we are still back inside the triangle.

There is always that something shady every now and then when it comes to USDT and I really do not know how they are still being used up till now and possibly this whole USDT thing could end up being the next big bullshit that would rub the crypto sphere after MtGox.

It is possible you did not actually take your time to learn and that would have only been the reason for you flopping. For you not to have made something from the altcoins you bought late last year / early this year, then it is possible you picked them from the top.

A lot of people tend to rush into trading, hoping things would just easily be working out for them without even having a plan, which is why the whole idea of buying low and selling high is not just the thing but knowing when and where you should be doing so based on your strategy is what actually counts.

This is far more than the profit alone as this should have more to do with potential of what you are actually investing in. What a lot of people who want to be investors do not know is that due diligence is the only thing that can always help them to make the best decisions in this space as long as ICOs are concerned.

Investors have a huge part to play when it comes to investing in ICOs and it is simply because some are lazy when it comes to learning their environment and getting familiar with it which is what has made them to eventually get screwed by investing in scam.

Bitcoin more like brought an equal opportunity for freedom for a lot of people globally, and most especially those who are smart enough to in early days know the advantages and benefits that is available in the long run.

We have seen in the likes of these places where inflation has turned the country upside down due to corruption and bad economic policies and in this case, fiat obviously has failed and for what it is worth, knowing that despite all these, they have a way which is accessible to every single one to be able to store value and at least benefit in the growth in the long run, who would not want to be a part of it?