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Author Topic: Bitcoin just broke the $5 billion market cap for the first time this year  (Read 1453 times)
the_poet
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November 02, 2015, 05:38:32 PM
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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?

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kingcolex
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November 02, 2015, 05:39:56 PM
 #2

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.














 

 

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the_poet
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November 02, 2015, 05:44:09 PM
 #3

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.

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November 02, 2015, 06:07:23 PM
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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.

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November 02, 2015, 06:14:10 PM
 #5

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.
Maybe time but not effort, the little use (or very little daily use) of bitcoin is not what is increasing the price. The price is being increased by companies on wallstreet and large investors.














 

 

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gentlemand
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November 02, 2015, 06:15:52 PM
 #6

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

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November 02, 2015, 06:40:10 PM
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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.
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November 02, 2015, 06:51:30 PM
 #8

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

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November 02, 2015, 07:21:55 PM
 #9

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.

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November 03, 2015, 12:38:53 PM
 #10

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! Cheesy

All this is crazy!

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November 03, 2015, 01:03:57 PM
 #11

It's big in that it's important, but it is a very small number in the grand scheme of things.
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November 03, 2015, 01:11:32 PM
 #12

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.

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November 03, 2015, 05:13:38 PM
 #13

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

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November 03, 2015, 05:48:06 PM
 #14

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! Cheesy

All this is crazy!
Well damn, I really don't know what to say, maybe bitcoin on all of the economic magazines is pushing it?














 

 

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Erkallys
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November 03, 2015, 06:06:51 PM
 #15

$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 Wink !
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November 03, 2015, 06:38:44 PM
 #16

Above 6 billion now gentlemen!

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November 03, 2015, 06:51:17 PM
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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 Undecided. We still are way undervaluated...
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November 03, 2015, 06:53:49 PM
 #18

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.


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November 03, 2015, 10:14:03 PM
 #19

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.



Maybe the 300$ resistance was just holding us back that mixed with all the investment magazines talking about bitcoin right now may have just convinced a lot of people.














 

 

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vuduchyld
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November 03, 2015, 10:23:10 PM
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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.
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