that is not the total "value" it is the total "market cap". market capitalization can only represent value if every single coin (supply) in this entire market was real and has been bought. when coins have massive premines and huge amounts of supply that is never entering circulatation that means that supply must never be considered in calculation of the market cap while it is.
for example you can create a coin that has a supply of 1 trillion coin and only sell 100 of it on the market. assuming each coin could get the price of equal to $1 that means you have created a coin with a market capitalization equal to $1 trillion while the real market capitalization is actually $100. unfortunately this is the case for 90% of the altcoins!
for this reason this market can not be compared with other markets for example you can't compare it with Google because when Google's market cap is $1.4 trillion every single piece of share is accounted for. they can't create any out of thin air.
Yes, you are right. Thanks for pointing this out here. Seems that we are fixated with figures that we forget the behind the scenes kind of thing. While we love to compare Bitcoin with other top global corporations, we have to remember that those entities are having real products and services which can not really be compared with Bitcoin. I am not saying that Bitcoin has no value but I think cryptocurrency must be belonging to another category. |
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I am sure that those "several investors from KiwiSaver" who are unhappy have already changed their attitude towards Bitcoin especially since they must have realized that this is a good asset to include into their portfolio. I understand that some can be expressing concern because of the high volatility of Bitcoin, but we know that the returns is so high, compared to other type of investment. They just have to make sure they have people who know what they are doing in cryptocurrency to minimize possible risks. I am not actually wondering why pension funds all over the world are now getting attracted to Bitcoin -- they know the possible profit rate will never be provided by other means.
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Well, all I can say is that predicting what can happen to Bitcoin is always a risky business. Having the credential to have predicted one trend does not mean that all predictions a person may spew will really happen. How many times has Bitcoin proved its critics and supporters alike? Many, many times. Bitcoin can be a strange beast and although there are certainly historical patterns under its sleeves, there are times when Bitcoin is not following those patterns to the T. Anyway, it is always good to reminded that not all can stay rising - much more a digital asset like Bitcoin which, according to a legendary investor, is producing nothing at all.
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PayPal is becoming one of the biggest influencers for the rise of cryptocurrency and I guess this is just the beginning. With this facility prepared by PayPal, many merchants already in its payment network will surely get benefitted and individual accounts too can now be accepting the above coins just like its fiat counterparts. Let's see if this same thing can be rolled out also in other countries where PayPal has been allowed to operate. Any good news coming from PayPal is surely received with a lot of excitement and of course some good movement especially with Bitcoin. In the next few months, other coins and tokens will surely be integrated with PayPal too. Which can be the next lucky ones?
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Well, no one can be sure of what can happen especially in the cryptocurrency marketplace. However, there had been many alts which experience some rounds of bull runs lately, so I guess that maybe we are already in the initial stage of altcoin season. Calling it on April is something I would not do. Plus I always prefer steady growth and not some sporadic type which can just lead to some cyclic dumps later. Right now, there are alts that are taking the limelight and there are some that are still stagnant after experiencing some dramatic rise in the past months.
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There is no question that the main impetus for the shift of some platforms to the Binance Smart Chain is due to the rising and unbelievable transaction costs in the Ethereum network. However, I think aside from the gas many also find BSC to be a good alternative and is really trying to live up to its name and reputation. Now, in case we can go back to the "normal" gas fees in the Ethereum side yes there is that possibility that many would still prefer it, but we also have to understand that it is not just the gas fees but also the scalability issue, even before when the gas fees were still acceptable network congestion was a big problem with Ethereum all because there are really many players using the network. And that is why many considered the coming of BSC as a big blessing, so there is also that possibility that many will be adopting both so that if one will have a problem then they can easily switch with the alternative. I actually love these two just as I love Bitcoin.
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Just like DeFi in Bitcoin, using Bitcoin platform for NFTs can be possible but it seems to me that the idea is not taking off for maybe lack of interest and lack of developers who can push for such a thing though as mentioned by many others here there are actually now doing the same thing. Maybe we have to accept that this trend is best suited under the Ethereum network and maybe even some newcomers on the scene. If we have to really look at this thing closely, Bitcoin does not have to be involved with NFTs to make it really more valuable because by itself it already is.
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I don't imagine anything else that you'll be able to get for free or pennies and then value a million times more. I just can't. No lottery will ever give you that. I admire the early adopters and wish I've been one of them, unfortunately no "friend" told me about it and I only joined in 2013 when I've found about it alone, still not bad but could have been better.
Joining at 2013, you can still be considered as one of the pioneers with Bitcoin and if you were able to gather as much as BTC as possible as most probably you are already seeing the delicious fruits of your labor or hard work right now. I am sure that not many of us here in this forum are lucky enough to have saved a lot of BTC and there can be some who unfortunately gave up when the value of BTC was at the doldrums. Now, that is it surely rising and valuable, many of us may have some regrets. Anyway, I am happy for you. I do consider Bitcoin as a great opportunity to participate in a big revolution and whenever there can be sweeping changes those who are toiling are always getting the benefits later. |
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I just followed all the instructions on engaging the MetaMask wallet, now there is this comment below, what does it mean?
"Currently Sovryn is available for invited users only and your wallet is not yet whitelisted. All interactions is disabled until you switch to whitelisted wallet or get whitelisted for current one."
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##PROOF OF AUTHENTICATION##
Bitcointalk Username: DapanasFruit
Telegram Username: @DakoCoin
Campaign : Twitter, Telegram
Spreadsheet Twitter: 255
Spreadsheet Telegram: 140
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Such a big jump for Bitcoin, and I am sure those who are able to hold to the Bitcoin they got in the past years are now smiling and can be celebrating as BTC is about to break the record of more ATHs. There is now no question that when it comes to cryptocurrency Bitcoin is the king and though it is not actually the best coin people are still loving it as it represents the whole industry and is now considered to be the best alternative to gold and has one of the best ROI performance in the market today.
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We don't have to worry on the possible scenario of China controlling Bitcoin as this will never happen not unless maybe if the government of China will decide to siphon the majority of the Bitcoin supplies, but I am really doubting on that. The China government is convinced with the benefits of blockchain technology but not Bitcoin. And in case the government will be trying to sabotaged Bitcoin mining, miners can easily go where they are very much welcome and this can be the big reason why even if the government is not recognizing Bitcoin they are still allowing the mining as this can be good for their expanding economy. Right, now, there are already other countries opening their jurisdiction for crypto mining even including some states of the USA.
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I am not really sure with this story - if the guy is really successful is covering his crime using Bitcoin how come we are talking about him in this forum? The idea that one can get away with anything illicit with the aid of Bitcoin is already old news because in many cases the blockchain where transactions in the BTC network is happening can be trace by anyone anytime. In the past, there was this notion that drug syndicates can be using Bitcoin to make their business go undercover until they realized that they are actually exposing everything for the whole world to see. One can be covering his tracks more if FIAT MONEY is used since there is no document trail involved.
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This is a question of when and not if. I am sure that PayPal has the resources and the influence to be helping Bitcoin and the whole cryptocurrency market get into a higher ground and to reach more millions who are not yet with us. Paypal has the reputation of being legal and many people are still trusting the name being the pioneer in the payment field and being a big leader in its industry. Now, that it is working hand in hand with cryptocurrency, I am seeing a wider and brighter future for all of us here.
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Seems to me that MicroStrategy is really making sure that it is continuing to be buying Bitcoin even at a higher price, maybe they are really convinced that soon Bitcoin can go going beyond the $100K price range and what they are buying right now can be a very good decision later. Well, they got the money so why not invest with Bitcoin more? And thanks to them, this latest move from them is creating a buffer of more interest and confidence in the cryptocurrency marketplace. I am hoping that soon they are going to push through the plan of also expanding to good altcoins. I now start to love the MicroStrategy brand.
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$30 per month after the seven day free trial, no thanks. I don't think anyone should pay for such app today because we are at a time when basically almost every cryptocurrency is going up and even newbies will look like a pro-trader. ~ It’s has been very accurate for me.
Try relaunching it during a bear market and let's see your accuracy. And I agree. However, it is also true that AI is now changing the face of many markets and this can certainly be utilized in trading though of course we are viewing this with some grain of salt as nothing is really perfect since the market is first and foremost can be deviating from time to time to historical precedents. I used to have an AI-based auto-trading program in forex, but I end up crying and bleeding with my money. Anyway, hope the above AI program will continue on producing good results. Who knows this can be the manna from heaven we are looking for. |
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Am not seeing this post as an anti bitcoin statement but an analysis and as the ops rightly said his point may be greatly misunderstood by a great number of people.
Of course, this is not anti-Bitcoin actually but just a statement of truth. In the real world we are living, it would be nearly impossible to be explaining Bitcoin the way it really is and so we are coming up with terms that can easily be understood even by a common man. The term coin is something we can easily relate and that is why the term Bitcoin as it would be so hard to be explaining to non-technical people if we tell them that there are not really coins but "there are only transactions between bitcoin addresses." And this is true in most industries especially those involving money, banking and finance. |
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All of us are talking about this bull run is encouraged by institutions. Suppose as an individual, will you sell your bitcoins at a good price or just hold them?
As an individual, I will never be selling my Bitcoin at this price rate because I am convinced that Bitcoin can go beyond $100K at the right time. However, if one is into trading surely this can be a good rate to let go and then maybe see other opportunities with other cryptos or coins and then maybe wait for BTC to make a dip then enter the BTC market again. The whole question really boils down to what strategies one is using and if one is really looking to make a handsome profit then maybe this can be the best time to strike the deal. |
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