Bitcoin and the whole Cryptocurrency market: UPUPUPUP? Reality-check!

[Kryptowerk]

Hi everybody,

for about eigth months now I have been intensly "studying" all sorts of Bitcoin and Crypto related things. It's totally fascinating and whenever I watch an Andreas Antonopoulos video I am 101% convinced that this technology will tranform the financial world we are used to. 

However I would like to hear what crypto-veterans think about the recent increase in Bitcoins- and Altcoins total market cap. Is it growing too much, are we in a bubble?

When looking at the greater picture, I feel like the whole market was and still is totally underrated and I expect a market cap of 1 trillion ($1,000,000,000,000) or more in 2025. It is a technology that is growing exponentially right now, with hundreds of thousands of start-ups yet to come and millions of people yet to adopt it.
Still, I am not an expert and wonder what you guys, that may have much more knowledge, think about the potential market cap and the recent uptrend!

Regards,
Kry

[U2]

No I don't think it's a bubble. There are always going to major fluctuations because it's still a relatively new technology. The market cap of all cryptocurrencies is growing because more people learn about it everyday and people that know about them invest regularly. For a $1 trillion market cap by 2025 we would need to see a permanent fix the block size issue and something major in the news that makes bitcoins easier for everyone to use.

[romero121]

Anytime the sudden bubble might cause a great crash reported by the bitcoin analysts and blockchain enthusiasts. The price is moving with forward phase, at the same other alts too making a big growth rate without major fluctuations. So the bubble might burst to make a sudden downfall though price moves with stability.

[jonald_fyookball]

its a market that is truly only in its infancy right now. nuff said.

[HabBear]

When looking at the greater picture, I feel like the whole market was and still is totally underrated and I expect a market cap of 1 trillion ($1,000,000,000,000) or more in 2025.

It is a technology that is growing exponentially right now, with hundreds of thousands of start-ups yet to come and millions of people yet to adopt it.

The fundamentals of this thing are incredibly powerful and capable of reaching the future growth you speak of. The challenge is adoption. And I don't think it's moving fast at all.

No scientific study here, but I talk to people in my circle about it and they are intrigued, it's novel, and none of them have any interest in taking it further for themselves. I feel the same exists everywhere. I feel like people think it's some nerdy tech geek "game to play".

Is there any real measure of adoption across a country or the globe?

Data on new wallets doesn't indicate adoption, you know?

[Kryptowerk]

When looking at the greater picture, I feel like the whole market was and still is totally underrated and I expect a market cap of 1 trillion ($1,000,000,000,000) or more in 2025.

It is a technology that is growing exponentially right now, with hundreds of thousands of start-ups yet to come and millions of people yet to adopt it.

No scientific study here, but I talk to people in my circle about it and they are intrigued, it's novel, and none of them have any interest in taking it further for themselves. I feel the same exists everywhere. I feel like people think it's some nerdy tech geek "game to play".

THIS! I feel you totally on that one. Only my parents trust me enough that I actually got them involved a little. That's a great start. But whenever I talk to close friends or my other relatives they look at me with scepicism. I have gotten better at explaining why cryptocurriencies will change the world, but still I feel like there is a fundamental rejection coming from most people.

I have to say, though, I am not suprised. I myself suffered form prejeduces and an-auto-reject-response myself for years before I finally got to dig a little deeper into the topic last year. Some part of me was convinced that bitcoin was just a geeky thing and definitly hackable, as all things I had known so far were hackable. Yeah, that was the main point that turned me off: The idea of a currency that could be hacked. Boy was I wrong. I guess hacking a bank is easier right now than hacking Bitcoin.

[aso118]

Look at the market capitalization of the entire cryptocurrency market and the market capitalization of Apple.
The entire crypto system is worth less than 1/3 of Apple. That is cause for a reality check. We really have a long way to go.

[Xester]

Hi everybody,

for about eigth months now I have been intensly "studying" all sorts of Bitcoin and Crypto related things. It's totally fascinating and whenever I watch an Andreas Antonopoulos video I am 101% convinced that this technology will tranform the financial world we are used to. 

However I would like to hear what crypto-veterans think about the recent increase in Bitcoins- and Altcoins total market cap. Is it growing too much, are we in a bubble?

When looking at the greater picture, I feel like the whole market was and still is totally underrated and I expect a market cap of 1 trillion ($1,000,000,000,000) or more in 2025. It is a technology that is growing exponentially right now, with hundreds of thousands of start-ups yet to come and millions of people yet to adopt it.
Still, I am not an expert and wonder what you guys, that may have much more knowledge, think about the potential market cap and the recent uptrend!

Regards,
Kry

You have done a good research, your passion towards bitcoin is really good and intense. Though the price of bitcoin is very high at this moment but it will still continue to increase on its value in the coming years. But rest assured there are no bubbles and the increase of price that is happening today is normal. If you are interested in bitcoin the best time to buy them is now since bitcoin is still high and its price will keep soaring high.

[Kakmakr]

If you look at the amount of people that have not yet heard about Bitcoin, then you can see the potential of this technology. We have a huge untapped market of people who can still invest and we have not even had one major killer application that would push this to mainstream use.

The Moon is coming and it will happen quickly. ^smile^

[bitcampaign]

just say "Yes" it will really go to the moon, at least certainly a lot of new things in the world of technology in the future I believe it will also apply to change the banking system and currency paper

[Amph]

Look at the market capitalization of the entire cryptocurrency market and the market capitalization of Apple.
The entire crypto system is worth less than 1/3 of Apple. That is cause for a reality check. We really have a long way to go.

still this isn't a reason for the value to get better, if you compare bitcoin to stocks, there are many stocks that didn't get anywhere and just remaining a niche, you need to factor this in the equation

only because something has potential it doesn't mean it will succeed, also i believe that altcoin are in worse position, i would not expect much from them

[franky1]

However I would like to hear what crypto-veterans think about the recent increase in Bitcoins- and Altcoins total market cap. Is it growing too much, are we in a bubble?

first of all
bitcoins total MARKET cap is meaningless and speculative 'estimation of desire' not an actual 'backed up by' financial figure, so its a bubble number...
yep, it is

bitcoins "price" is not ascertained by looking in all the fiat bank accounts of bitcoin exchanges, totalling up the fiat cap(hoping to see 16billion) and than attributing it to bitcoins 16mill coins to get to the "billions" of bitcoin MARKET cap.

bitcoins "price" is ascertained by looking seeing just what supply and demand there are of just a few hundred thousand(or less) coins that actually sit on exchange orderlists "price value" A bitcoin at.. and then separately.  take that "price value" of a bitcoin and multiply it by the 16mill coins(not on exchanges)

in short
there are NOT 16billlion dollars in bank accounts to back up the 16mill coins to actually give a real 1000:1 swap value of bitcoin to fiat of $1000each.

so imagine just a couple hundred thousand coins wanted to sell out and take all the FIAT(far far far less than billions).  the bubble of 16billion, bursts

[Kryptowerk]

However I would like to hear what crypto-veterans think about the recent increase in Bitcoins- and Altcoins total market cap. Is it growing too much, are we in a bubble?

first of all
bitcoins total MARKET cap is meaningless and speculative 'estimation of desire' not an actual 'backed up by' financial figure, so its a bubble number...
yep, it is

bitcoins "price" is not ascertained by looking in all the fiat bank accounts of bitcoin exchanges, totalling up the fiat cap(hoping to see 16billion) and than attributing it to bitcoins 16mill coins to get to the "billions" of bitcoin MARKET cap.

bitcoins "price" is ascertained by looking seeing just what supply and demand there are of just a few hundred thousand(or less) coins that actually sit on exchange orderlists "price value" A bitcoin at.. and then separately.  take that "price value" of a bitcoin and multiply it by the 16mill coins(not on exchanges)

in short
there are NOT 16billlion dollars in bank accounts to back up the 16mill coins to actually give a real 1000:1 swap value of bitcoin to fiat of $1000each.

so imagine just a couple hundred thousand coins wanted to sell out and take all the FIAT(far far far less than billions).  the bubble of 16billion, bursts

Well, sure, isn't that the case for all shares in a stock market, too? People invested a certain amount of money at some point in history. And depending on demand they can sell it for a certain price. If some (people) try to sell a huge % of an asset in a short period of time, prices would drop a lot below the current price, too, or am I wrong? Not an expert on this, whatsoever.
Still I think this is just how offer-and-demand markets work, right?

[dinofelis]

Well, sure, isn't that the case for all shares in a stock market, too?

Normally, the stock of a company is in the same ballpark as the sum of assets of that company (material assets, brand assets, personnel assets, realistic market outlook).  If a stock is not in that ballpark, red flashlights should start flickering.

Of course, there's a speculative part about this: it is the expectation of near future assets of that company.  But that is exactly part of the intangible assets of the company: projected new sales and so on, on some more or less realistic business plans.  

If the sum of shares invested in a guy with a desk in his basement is, say, $20 million, you better make sure that the guy has a business plan that will, to all likelihood, bring the value of the marketable assets of that business soon to $20 million.  Of course his desk may be only worth $100,- which is the only tangible asset of his "company", but his business plan should be solid enough to make a near future income bringing his company to $20 million of real stuff, credible.