BTC is over $9,000,000,000 in market capitalization for the 1st time in months

[the_poet]

It's amazing, as I write we're experiencing incredible numbers. Let's hope the uptrend continues!

June 3 update: having reached $576 per BTC, market capitalization has touched $9,000,000,000!

[1715411929]

1715411929

[cjmoles]

I'm an economically minded noob.  What does the market cap mean for me and the value of the bitcoin I hold personally?  How is it a good thing?  Will it increase adoption, value, distribution?  Can it answer some of the questions I outlined here in the following thread? https://bitcointalk.org/index.php?topic=1489137.new#new

[fravia]

It's amazing, as I write we're experiencing incredible numbers. Let's hope the uptrend continues!

yeah, i think that the price will surely keep on growing from now on and we will see some even bigger increases a few days before the halving event

i think that people will be putting even more of their money when they will see that the price is increasing at a very rapid pace, i hope that we will reach one thousand this year

[the_poet]

I'm an economically minded noob.  What does the market cap mean for me and the value of the bitcoin I hold personally?  How is it a good thing?  Will it increase adoption, value, distribution?  Can it answer some of the questions I outlined here in the following thread? https://bitcointalk.org/index.php?topic=1489137.new#new

The market cap is basically a measure of how big the Bitcoin market is in comparison with other markets, be it other cryptos or gold, for example. Plus it is a great indicator of how much the adoption has grown over the years.

[1Referee]

It's nice of course that we touched the $8 billion market cap number, but I think the majority of the people haven't even noticed this as they are too bussy with staring at price tickers.

[tobacco123]

It's nice of course that we touched the $8 billion market cap number, but I think the majority of the people haven't even noticed this as they are too bussy with staring at price tickers.

Agree. The current price is very volatile. You just have to look at the market depth to know that not many buyers are the current price and many sellers are expecting even higher value. It will need a few day for the increase to stabilised before we are sure about the real "bull".

[gentlemand]

I really wish there was a better metric than market cap. It's such a pile of meaningless shite. It should die in a fire.

[samlaode]

It's nice of course that we touched the $8 billion market cap number, but I think the majority of the people haven't even noticed this as they are too bussy with staring at price tickers.

Agree. The current price is very volatile. You just have to look at the market depth to know that not many buyers are the current price and many sellers are expecting even higher value. It will need a few day for the increase to stabilised before we are sure about the real "bull".

Bitcoin price passes $500, highest price in almost two years. For the last year and a half, the price of Bitcoin has been steadily rising, more than doubling its value.

[cjmoles]

I'm an economically minded noob.  What does the market cap mean for me and the value of the bitcoin I hold personally?  How is it a good thing?  Will it increase adoption, value, distribution?  Can it answer some of the questions I outlined here in the following thread? https://bitcointalk.org/index.php?topic=1489137.new#new

The market cap is basically a measure of how big the Bitcoin market is in comparison with other markets, be it other cryptos or gold, for example. Plus it is a great indicator of how much the adoption has grown over the years.

The other day I was watching the ticker movement on some other asset (some off the wall alt) as it was introduced; the very first bid was for 450 BTC and it was quickly closed on....that made for a very skewed market capitalization marker.  So, I wonder how reliable a market cap figure might be in relation to supply and demand....could the bitcoin market cap be skewed also?  I mean, if everybody started trading off their coin at current price, would the market cap really mean anything or is there some other number in which it would achieve an equilibrium?

[gentlemand]

So, I wonder how reliable a market cap figure might be in relation to supply and demand....could the bitcoin market cap be skewed also?  I mean, if everybody started trading off their coin at current price, would the market cap really mean anything or is there some other number in which it would achieve an equilibrium?

I think it's all utter bollocks myself. I remember Marinecoin or something causing humongous excitement amongst its wee fans when they hit a $7 million market cap. When I looked up the trade volume it was a heady $1200 that day.

[pooya87]

I really wish there was a better metric than market cap. It's such a pile of meaningless shite. It should die in a fire.

although i don't completely like market cap as a measure but i don't think it is a complete useless metric, don't forget that it should be used for comparison and also it is important to use other things like trade volume and price for comparison also.

[Bitcoinpro]

on the way to crack the 10 Billion Mark

[lumeire]

I'm an economically minded noob.  What does the market cap mean for me and the value of the bitcoin I hold personally?  How is it a good thing?  Will it increase adoption, value, distribution?  Can it answer some of the questions I outlined here in the following thread? https://bitcointalk.org/index.php?topic=1489137.new#new

The market cap is basically a measure of how big the Bitcoin market is in comparison with other markets, be it other cryptos or gold, for example. Plus it is a great indicator of how much the adoption has grown over the years.

True, but it's mostly a gross measure. The cap includes all of the coins regardless of whether it's viable or ghosted. Coins in circulation are definitely a lot less.

[Amph]

the difference between this and the last ath 1200, is the steady grow, really slow, to allow consolidation at those tough mark

it will not fall back anymore, so before someone jump on the retardness and think that the same thing will happen like in 2013, think about how the current trend is compared to that of the last ath

[Denker]

This is so gentle!
The last time the market cap had been in that range was in july 2014.So definitely some while ago.
We were going a long and tough way since that time.The more I'm glad to see how strong we are coming back now!
Can't wait for the coming mainstream media articles.There will definitely some reports.Forbes, Bloomberg, New York Times, Fortune, Economist, Financial Times etc.
This might give us another small push.Hopefully!

[crazyivan]

We used to have much, much more. I personally expect to see price over $600 soon.

[Trasamania]

We used to have much, much more. I personally expect to see price over $600 soon.

The November 2013 price of bitcoin is artificial, it was created by the Mt Gox Willy the Robert. No realistic.

[the_poet]

This is so gentle!
The last time the market cap had been in that range was in july 2014.So definitely some while ago.
We were going a long and tough way since that time.The more I'm glad to see how strong we are coming back now!
Can't wait for the coming mainstream media articles.There will definitely some reports.Forbes, Bloomberg, New York Times, Fortune, Economist, Financial Times etc.
This might give us another small push.Hopefully!

Mainstream media is definitely going to be busy for a while talking about Bitcoin.

[Herbert2020]

this is just the start and the good thing about it is the slow rise (at least this has been slow and steady so far) and i believe this is going to be the way price rises at least for two more months.

[mayax]

what capitalization??? BTC is a hype. there is no capitalization in the true sense of this word