Bitcoin just broke the $5 billion market cap for the first time this year

[the_poet]

This is a big milestone for bitcoin, especially from a psychological point of view. Do you think we'll break $6 billion by December 31st?

[the_poet]

That would be quite a pump in a little amount of time to break $6, I think a slower rise would be a bit better than another fast rise.

I agree. A slow and steady rise is what Bitcoin needs, but we can't exclude a big leap toward the next milestone within a couple of months.

[richardsNY]

It's nice considering all the negativity we have seen. I hope we'll go over $10 billion market cap after the halving. It's possible, but it will take time and a lot of effort.

[gentlemand]

Let's not forget that there are over two million more coins than there were this time two years ago. That often slips minds.

[Erkallys]

That's sure that it is quite an important milestone. However, the chance that Bitcoin break the 6$ billion dollars of marketcap is really really low. I don't think at all that it will happen.

[Kanapka]

Nice to know.

Even if the price is not as big as before there are more and more coins every day, so more market cap.

I hope the cap reaches ATH again too

[the_poet]

Let's not forget that there are over two million more coins than there were this time two years ago. That often slips minds.

Yes, that's why I'm not referring to the price per BTC, but the market cap.

[the_poet]

That would be quite a pump in a little amount of time to break $6, I think a slower rise would be a bit better than another fast rise.

I agree. A slow and steady rise is what Bitcoin needs, but we can't exclude a big leap toward the next milestone within a couple of months.

Next couple of months??? It looks like I have to correct myself to the next couple hours!

All this is crazy!

[Bitcoiner2015]

It's big in that it's important, but it is a very small number in the grand scheme of things.

[LFC_Bitcoin]

This is a big milestone for bitcoin, especially from a psychological point of view. Do you think we'll break $6 billion by December 31st?

I don't know but this price rise is incredible. I remember seeing the marketcap on Stamp as about 3.6 billion USD. This is crazy, in a good way of course.

[the_poet]

$6 billion market reached! Now on to $7 billion.

[Erkallys]

$6 billion market reached! Now on to $7 billion.

So I was wrong. In a so little time frame, we've achieved so many milestones ! I think we're living exciting times, but better didn't come yet !

[LFC_Bitcoin]

Above 6 billion now gentlemen!

[Erkallys]

Above 6 billion now gentlemen!

Supercell, Clash of Clans' studio, that create mobile games, has a market cap close to one of the greatest technology invention of all times . We still are way undervaluated...

[600watt]

That's sure that it is quite an important milestone. However, the chance that Bitcoin break the 6$ billion dollars of marketcap is really really low. I don't think at all that it will happen.

$6 billion market reached! Now on to $7 billion.

i think this says it all. not making fun of anyone. this took us all by surprise.

[vuduchyld]

Probably a stupid question, but...

Is there a significant amount of arbitrage between Huobi and Bitfinex?  The difference is about $50.  It wouldn't seem like it would take much to buy on Bitfinex, sell on Huobi, wash, rise, repeat.

NEVERMIND!  Wrong thread.

[target]

Looks like its happening so fast.  I haven't earn a dime yet and its now more than I expect.

[the_poet]

$6 billion market reached! Now on to $7 billion.

I stand corrected. $7 billion market reached! Now on to $8 billion.