Just found out that Bill Gates' networth,$86B is the market cap of the top 5 cryptocurrency, including Bitcoin and Ethereum, combined!
So well basically Bill Gates can buy all of the current circulating bitcoins, TWICE! I mean obviously he can can't buy as $86B is his net worth not his liquid money, but still, it's a lot. And as you said its just a useless statistic. no. no he could not, he can only push the price up....that's the genius of BTC Not if they do a microsoft stock and coins swap though. |
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Now with the recent price depression, make it the top 15.
Name Market Cap
Bitcoin $37,271,634,721
Ethereum $28,839,315,112
Ripple $9,586,922,688
NEM $1,581,426,000
Ethereum Classic $1,552,963,019
Litecoin $1,435,853,528
Dash $1,094,123,501
IOTA $962,053,801
BitShares $761,963,138
Stratis $677,604,582
Monero $594,348,237
Zcash $466,018,013
Waves $443,018,000
Steem $402,234,492
Bytecoin $393,017,802
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Any idea on why their prices are dropping in the past 3 to 5 days and are continue to do so?
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Yahoo was the first (?) search engine at the time when Internet started. It was the pioneer in its field. In the late 90's its market cap reached to a high closed to $120B. Three and a half years after Yahoo started, Google came out and gradually took away market share from Yahoo.
After 22 years, Verizon bought it for $4.8B. Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?
What do you think? Please provide your reason(s) to support your view.
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They said if you have invested US$1000 of Bitcoin in 2010 and keep it till today, you would have $45M! That is a crazy return. Sometimes I am skeptical on what is the true value of Bitcoin. I know it is demand and supply, but what facts can you guys come up as on why Bitcoin deserve to be $100,000 in 10 years or even at today's price?
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I am a late comer and just discovered about the value of Bitcoin and the Blockchain technology recently.
Waiting and hoping to see Bitcoin gains a market cap equals to what Apple has one day.
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Just found out that Bill Gates' networth,$86B is the market cap of the top 5 cryptocurrency, including Bitcoin and Ethereum, combined!
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I just found out about Bancor yesterday. Could someone tell me how Supply is derived in the following formula?
Price = Balance / (Supply x CRR)
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I think, too, that this will increase the demand of ethers and pushes the price even higher.
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i do not see the advantages of this future Bancor versus Waves, with his active ICO platform and internal DEX who allows continuous exchanges of the tokens;
and another decisive advantage is that Waves is currently functioning.
I do not know about Waves till you mentioned (thank you for brought it up), but I guess the monetary success is mostly depending on how much publicity one gets. Like Youtube started from a news coverage. I remember that Youtube was not the only such services available that time; they were some others. The other did not make it because they did not get enough publicity and attention. |
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some people say he sounds like some sourpuss who missed the opportunity to buy or possibly got played by the market and lost a lot of money and now is crying.
LOL! That is funny! I think the Ethereum stoled a big piece of the pie from Bitcoin. Ethereum is getting a lot of attention right now with the smart contract. |
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Here is the info from their site (even though I do not fully understand it): "The Bancor protocol enables built-in price discovery and a liquidity mechanism for tokens on smart contract blockchains. These “smart tokens” hold one or more other tokens in reserve and enable any party to instantly purchase or liquidate the smart token in exchange for any of its reserve tokens, directly through the smart token’s contract, at a continuously calculated price, according to a formula which balances buy and sell volumes." From the info I got (mostly Youtube  ), this thing could become like Google or Tweeter of its service in the future. If it makes it, its market cap may increase to $150B in 10 to 20 years (which is only 20% of the current Apple market cap) and this could turn a $1000 investment in the ICO to $1M. |
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Is it too late to invest in Bancor now? I mean now that the ICO is completed.
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And a 44% annual increase for the next 10 years will give us $100,000 per BTC. The number of mined bitcoins qill be closed to 20 millions. That will give us a market cap of $2 Trillions.
Assume Apple stock price increase at 10% annually, after 10 years it will have $2T of market cap as well.
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Clint Eastwood said "Go ahead, make my money!" Based on the current price, if the price grows 55% annually for the next 3 years, the price will exceed $10,000. |
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"Mark Cuban has attacked Bitcoin on Twitter, claiming it is not a currency, it is a bubble, and that the whole system of valuation concerning it is wrong. But is he right?" https://futurism.com/mark-cuban-asserts-that-bitcoin-is-not-currency/His comment caused the Bitcoin price to drop before it hit $3000. He said Bitcoin's increasing price now is a bubble. What do you think? What makes you think it is his comment specifically that caused bitcoins price to drop because a lot of popular people have repeated this line many times without it having an effect on the price. Perhaps it was just a coincidence. I got that from different articles - I was just repeating what they think. But one thing you do need to know is that they did a time comparison by looking at the time the price started to drop and the time he made that comment. |
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He seems bitter about it because he got left behind. He is jealous on those who invested earlier and made ton of money.
Bubble or not, Bitcoin price will continue to go higher (because of the high demand). It will have its down time (the so call bubble burst), but in the long run, it is heading up because of the international recognition and acceptancy. Once the soft fork/hard fork matter is settled and its blockchain mechanism is improved, I am expecting to see the price goes up more quickly.
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"Mark Cuban has attacked Bitcoin on Twitter, claiming it is not a currency, it is a bubble, and that the whole system of valuation concerning it is wrong. But is he right?" https://futurism.com/mark-cuban-asserts-that-bitcoin-is-not-currency/His comment caused the Bitcoin price to drop before it hit $3000. He said Bitcoin's increasing price now is a bubble. What do you think? |
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