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Author Topic: This is getting serious ... Total CryptoCurrency Market Cap to $30 billion !!  (Read 1985 times)
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April 20, 2017, 05:04:44 PM
 #1

This is getting serious ...
Total CryptoCurrency Market Cap approaching $30 billion !!
https://coinmarketcap.com/charts/

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April 20, 2017, 05:05:49 PM
 #2

Once fiat can leave the system watch that drop to $24b

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April 20, 2017, 05:12:37 PM
 #3

Once fiat can leave the system watch that drop to $24b
Recently the USD dollar fell in value. So this will cause a variation in the market capital, but the volume getting closer to $30 billion is something a good news to experience further growth. Fiat leaving the system is not a possible one as it's the base for every form of growth.
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April 20, 2017, 05:15:15 PM
 #4

$30 billion is nothing, good progress for right now though.

 
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April 20, 2017, 05:18:33 PM
 #5

market cap is bullcrap bubble number.

i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..

thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.



now for the bubble bursting info that blow people minds they will not like to admit to.

1. there is not $29billion in FIAT sat in exchange bank accounts to 'back' the valuations of all the coins in existance.
2. the price of a coin can ba manipulated easily.

it does not take $16mill to raise the price of bitcoin by $1 to make the bitcoin market cap rise by $16m
infact many times i have seen the bitcoin price rise by $1 by trading very little. even if that very little actually spent made the bubble market cap jump by $16m



its time people started to get out their calculators and see reality

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April 20, 2017, 05:19:54 PM
 #6

stop looking at marketcap, it is completely useless.
instead look at how bitcoin is being adopted and how that is growing day by day. for now the biggest news of these days is Japan and how they have fully adopted bitcoin as a legal currency and they are already on their way to becoming a bitcoin haven!
and soon more countries will follow.

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April 20, 2017, 05:23:22 PM
 #7

This infographic sums up my thoughts on this.



See that tiny dot above the words: "bitcoin $19 billion"?

That's bitcoin's market cap in comparison to the global economy which is pictured to the right of that.

 Smiley

market cap is bullcrap bubble number.

i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..

thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.

Be honest.

If it were that easy, everyone would do it.

Which means, its not that simple.

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April 20, 2017, 05:25:02 PM
 #8

so 1 bitcoin should be worth $1mio very soon Smiley !
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April 20, 2017, 05:30:36 PM
 #9

If it were that easy, everyone would do it.

Which means, its not that simple.

yes it is. check ripple in the early days. for some reason coinmarketcap listed the market cap when the developers were hoarding most of the numbered coins. it was the number two crypto for a long time. i don't know why coinmarketcap allowed that or listed ripple at all in the first place.

auroracoin was the same as well. no doubt many others are too.
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April 20, 2017, 05:35:13 PM
 #10

market cap is bullcrap bubble number.

i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..

thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.

Be honest.

If it were that easy, everyone would do it.

Which means, its not that simple.

well the maths is that easy.

yes i simplified the bureacracy of getting a crap coin accepted into an exchange(separate offtopic debate).. but the maths of how the market cap is 'valued' is correct

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April 20, 2017, 05:37:14 PM
 #11

This infographic sums up my thoughts on this.



See that tiny dot above the words: "bitcoin $19 billion"?

That's bitcoin's market cap in comparison to the global economy which is pictured to the right of that.

 Smiley

market cap is bullcrap bubble number.

i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..

thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.

Be honest.

If it were that easy, everyone would do it.

Which means, its not that simple.


This just shows how much upside potential Bitcoin and cryptocurrencies still have!! $19 billion isn't more than just a drop of water in the bucket!
Nice slide! Where's that from?
Do you attended some "Blockchain Conference"?  Smiley
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April 20, 2017, 05:51:25 PM
 #12

Denker knows what to look at. Instead of people laughing at Bitcoin for being so tiny, you can better focus on how much growth you can realize through Bitcoin in the coming years.

I haven't been in Bitcoin back in the days, but I just think about how people have reacted back then when the market cap of Bitcoin touched the $1 billion mark for the first time. It must have been euphoric.

Other than that, I just focus on Bitcoin only and not on altcoins. Altcoins prices are heavily inflated and thus give a wrong impression of the total value. Also, Bitfinex traders buying at any cost is also inflating this number.
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April 20, 2017, 05:53:12 PM
 #13

Bitcoin Market cap  alone is currently sitting around 20.2 billion. we're almost breaking last resistance of marketcap of 20.6 billion. if it does getting close.
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April 20, 2017, 06:17:56 PM
 #14

so 1 bitcoin should be worth $1mio very soon Smiley !
lol that would be a nice value for my Bitcoin, I might not let it go for those dirty dollar bills!

 
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April 20, 2017, 06:27:12 PM
 #15

Understanding what market cap is would help.

Quote
Market capitalization (market cap) is the total market value of the shares outstanding of a publicly traded company; it is equal to the share price times the number of shares outstanding. As outstanding stock is bought and sold in public markets, capitalization could be used as a proxy for the public opinion of a company's net worth and is a determining factor in some forms of stock valuation.

If bitcoins price is $1 per btc and there are 16 million of them the market cap is 16 million. If Bitcoin price is $1000 per btc and there are 16 million of them the market cap is 16 billion.

Bitcoin currently costs $1,230 the market cap is $20 billion.

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April 20, 2017, 06:36:41 PM
 #16

Understanding what market cap is would help.

Quote
Market capitalization (market cap) is the total market value of the shares outstanding of a publicly traded company; it is equal to the share price times the number of shares outstanding. As outstanding stock is bought and sold in public markets, capitalization could be used as a proxy for the public opinion of a company's net worth and is a determining factor in some forms of stock valuation.

If bitcoins price is $1 per btc and there are 16 million of them the market cap is 16 million. If Bitcoin price is $1000 per btc and there are 16 million of them the market cap is 16 billion.

Bitcoin currently costs $1,230 the market cap is $20 billion.

correct

if sh*tcoinX was $1 per sh*tcoinx and there are 5 trillion sh*tcoinx's then the market cap is $5trillion

the market cap is meaningless..

a better metric would be:
how many coins are on the market
how many coins per order line between $0 and current value

to show how much resistance there is to prevent the price going to $0

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Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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April 20, 2017, 06:47:33 PM
 #17

That's how market cap works in financial markets, or position valuations. It's amount held * market price. Of course, it you are a large position holder, you won't simply be able to dump everything at market price without ripping up the order book and getting less money than your original valuation.
So when $billions get wiped off or added to the valuation of stock markets frequently in a single day, it is just a movement in valuation. The amount traded to move that value might be more or might be less.

Scaling and transaction rate: https://bitcointalk.org/index.php?topic=532.msg6306#msg6306
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April 20, 2017, 07:22:47 PM
 #18

Understanding what market cap is would help.

Quote
Market capitalization (market cap) is the total market value of the shares outstanding of a publicly traded company; it is equal to the share price times the number of shares outstanding. As outstanding stock is bought and sold in public markets, capitalization could be used as a proxy for the public opinion of a company's net worth and is a determining factor in some forms of stock valuation.

If bitcoins price is $1 per btc and there are 16 million of them the market cap is 16 million. If Bitcoin price is $1000 per btc and there are 16 million of them the market cap is 16 billion.

Bitcoin currently costs $1,230 the market cap is $20 billion.

correct

if sh*tcoinX was $1 per sh*tcoinx and there are 5 trillion sh*tcoinx's then the market cap is $5trillion

the market cap is meaningless..

a better metric would be:
how many coins are on the market
how many coins per order line between $0 and current value

to show how much resistance there is to prevent the price going to $0

It's strange, market cap is mostly used to measure stock valuations, not currencies. Wiki says, "market capitalization could be used as an indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation". Others will argue that bitcoin is a commodity, and complicate things further.

Measuring daily volume is also a useful metric. Blockchain.info reports around $50 million per day. Much of this volume could be price propping.

An interesting development has been the rise of JPY in global exchange volume. At this point, EUR, CNY, JPY, and USD are all represented equally. I suspect bitcoin may already be a small scale hedge against currency fluctuations. Of course, bitcoin price fluctuations are much larger than forex.
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April 20, 2017, 07:30:35 PM
 #19

Understanding what market cap is would help.

Quote
Market capitalization (market cap) is the total market value of the shares outstanding of a publicly traded company; it is equal to the share price times the number of shares outstanding. As outstanding stock is bought and sold in public markets, capitalization could be used as a proxy for the public opinion of a company's net worth and is a determining factor in some forms of stock valuation.

If bitcoins price is $1 per btc and there are 16 million of them the market cap is 16 million. If Bitcoin price is $1000 per btc and there are 16 million of them the market cap is 16 billion.

Bitcoin currently costs $1,230 the market cap is $20 billion.

correct

if sh*tcoinX was $1 per sh*tcoinx and there are 5 trillion sh*tcoinx's then the market cap is $5trillion

the market cap is meaningless..

a better metric would be:
how many coins are on the market
how many coins per order line between $0 and current value

to show how much resistance there is to prevent the price going to $0

It's strange, market cap is mostly used to measure stock valuations, not currencies. Wiki says, "market capitalization could be used as an indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation". Others will argue that bitcoin is a commodity, and complicate things further.

Measuring daily volume is also a useful metric. Blockchain.info reports around $50 million per day. Much of this volume could be price propping.

An interesting development has been the rise of JPY in global exchange volume. At this point, EUR, CNY, JPY, and USD are all represented equally. I suspect bitcoin may already be a small scale hedge against currency fluctuations. Of course, bitcoin price fluctuations are much larger than forex.

It's mainly because when people started playing around with Bitcoin it was much too experimental to be viewed like a currency and market cap was the closest thing to a good fit.  Unfortunately market cap no longer makes sense when comparing it to fiat or even to gold, so we're left with this great big oversimplified remnant of the past with no better way of measuring Bitcoin's overall value.

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April 20, 2017, 08:10:57 PM
 #20

as franky stated , market cap isn't accurate in a lot of altcoins markets
but in general considering only the top 50 coins we should have a good idea about the total cap , so yeah crypto is growing
personally I only care about the coins with 100m$ or more , basically the top 10 so far

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April 20, 2017, 08:19:46 PM
 #21

We all know this is just the beginning. I would not be surprised if we would get to 10x this in one year time. This is once in a lifetime opportunity and whoever cannot see this should not be here.

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April 20, 2017, 08:56:14 PM
 #22

This infographic sums up my thoughts on this.



See that tiny dot above the words: "bitcoin $19 billion"?

That's bitcoin's market cap in comparison to the global economy which is pictured to the right of that.

 Smiley


Indeed.  The collapse of the dot-com bubble in 2001-2002 made about 5 trillion $ "market cap" go up, poof, in smoke.

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April 20, 2017, 10:36:50 PM
 #23

Acceleration.

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April 20, 2017, 11:06:22 PM
 #24

as franky stated , market cap isn't accurate in a lot of altcoins markets
but in general considering only the top 50 coins we should have a good idea about the total cap , so yeah crypto is growing
personally I only care about the coins with 100m$ or more , basically the top 10 so far
This is probably one of the best thought-out comments in this thread to be honest. The top 10 cryptos are the only relevant ones (technically top 9 since #10 is at $97M right now), and even from those the #1 makes up 2/3s of the entire market cap, and the #2 takes up the next 1/10th (plus some). A lot of other alts don't mean much, and a ton of value is concentrated within the top 9. Everything else is essentially peanuts.
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April 21, 2017, 04:46:00 AM
 #25

This is probably one of the best thought-out comments in this thread to be honest. The top 10 cryptos are the only relevant ones (technically top 9 since #10 is at $97M right now), and even from those the #1 makes up 2/3s of the entire market cap, and the #2 takes up the next 1/10th (plus some). A lot of other alts don't mean much, and a ton of value is concentrated within the top 9. Everything else is essentially peanuts.

Most markets are like that.  The thing is, in most markets, the order is not preserved (big ones come and go), but the distribution usually is.  I think the coming period can be interesting, because of the falling market share of bitcoin.  Until a few months ago, bitcoin's market share was more than 80%, meaning, all the rest was less than one quarter of bitcoin.
Since a month or so, bitcoin's market share fell to 67% or so, meaning, all the rest is now HALF of bitcoin.   Bitcoin's market share has never been that low, and alt coins doubled their market share in a matter of weeks.  Is this temporary or is finally, bitcoin's first mover advantage eroding, opening up the market finally for competition, to become a crypto amongst the others, without the "bitcoin/altcoin" distinction that clearly set out an effective market monopoly (style microsoft/all the rest) because of the total domination by a single player ?
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April 21, 2017, 05:36:19 AM
 #26

Understanding what market cap is would help.

Quote
Market capitalization (market cap) is the total market value of the shares outstanding of a publicly traded company; it is equal to the share price times the number of shares outstanding. As outstanding stock is bought and sold in public markets, capitalization could be used as a proxy for the public opinion of a company's net worth and is a determining factor in some forms of stock valuation.

If bitcoins price is $1 per btc and there are 16 million of them the market cap is 16 million. If Bitcoin price is $1000 per btc and there are 16 million of them the market cap is 16 billion.

Bitcoin currently costs $1,230 the market cap is $20 billion.

it is a simple formula with 2 variables and although one of these variables (number of coins) is seemingly fixed, in altcoins that variable is a tool for manipulation and that is exactly what ethereum used.

to make it simple and similar to the example you gave:
if price of bitcoin was $1000 and the person who wrote the code changed some variables in the code so that instead of 21 million max we had unlimited supply and instead of a distribution of coins with a logical speed we had 90 million coins the marketcap would have been 80,000 million (80 billion dollar)
and that is what altcoins such as eth do.

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April 21, 2017, 05:51:42 AM
 #27

I spoke to a investment banker about Bitcoin a week ago and I mentioned Bitcoin's market Cap and he reckon that is like a drop in the Ocean compared to other industries and companies.

Just as a comparison, I have listen the Market Cap for some of the big dogs for 2017 :

* All market capitalization figures are in USD millions :
This list is up to date as of March 31, 2017. Indicated changes in market value are relative to the previous quarter.

Apple Inc - 753,718

Microsoft - 508,935

Amazon.com - 423,031

Facebook - 334,552

Wells Fargo - 278,516

Source : https://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization

My argument : Bitcoin has only been around since 2009.  ^smile^

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April 21, 2017, 05:52:52 AM
 #28

market cap is bullcrap bubble number.

i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..

thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.



now for the bubble bursting info that blow people minds they will not like to admit to.

1. there is not $29billion in FIAT sat in exchange bank accounts to 'back' the valuations of all the coins in existance.
2. the price of a coin can ba manipulated easily.

it does not take $16mill to raise the price of bitcoin by $1 to make the bitcoin market cap rise by $16m
infact many times i have seen the bitcoin price rise by $1 by trading very little. even if that very little actually spent made the bubble market cap jump by $16m



its time people started to get out their calculators and see reality


well not true, those altcoin have an actual volume that back their value it's not like there is only one buyer that bought once and they ended on coinmarketcap with that capitalization, what you say don't work

for bitcoin the same the real marketcap probably is way less than 20B because not all the 16M coins are on the market available to purchase, but all the exchange combined hold an amount of coin which is at least on the range of few millions

so there is a high chance that few Billions are in the exchange and in private trading that back up the bitcoin value
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April 21, 2017, 07:54:46 AM
 #29

A nice market cap but nowhere near what it will become
Trillions is still a likelihood in the farther future but I look forward to a 50 Billion milestone and am quite happy to see 30 Billion now.
As others pointed out market cap is nice but what matters is growth and usage as the foundation pillars behind the true price.
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April 21, 2017, 08:04:27 AM
 #30

This infographic sums up my thoughts on this.

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi64.tinypic.com%2F200rx2t.jpg&t=575&c=pew7Jfsf4PsMgA

See that tiny dot above the words: "bitcoin $19 billion"?

That's bitcoin's market cap in comparison to the global economy which is pictured to the right of that.

 Smiley

market cap is bullcrap bubble number.

i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..

thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.

Be honest.

If it were that easy, everyone would do it.

Which means, its not that simple.

He can't do that because other people will dump before him.   Grin  He wants to buy at 1 usd? He should eat the sell walls first, maybe cost billions usd.
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April 21, 2017, 08:34:22 AM
 #31

A nice market cap but nowhere near what it will become
Trillions is still a likelihood in the farther future but I look forward to a 50 Billion milestone and am quite happy to see 30 Billion now.
As others pointed out market cap is nice but what matters is growth and usage as the foundation pillars behind the true price.
Reaching out 30B marketcap isnt a small thing and we can really say that adoption is on the move and we do see gradually increase of usage on cryptocurrency world and 50B milestone wont really be hard and we would definitely see those numbers.

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April 22, 2017, 05:44:16 AM
 #32

I spoke to a investment banker about Bitcoin a week ago and I mentioned Bitcoin's market Cap and he reckon that is like a drop in the Ocean compared to other industries and companies.

Just as a comparison, I have listen the Market Cap for some of the big dogs for 2017 :

* All market capitalization figures are in USD millions :
This list is up to date as of March 31, 2017. Indicated changes in market value are relative to the previous quarter.

Apple Inc - 753,718

Microsoft - 508,935

Amazon.com - 423,031

Facebook - 334,552

Wells Fargo - 278,516

Source : https://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization

My argument : Bitcoin has only been around since 2009.  ^smile^



Most large and mid sized companies have a market cap larger than bitcoin. As a worldwide currency it barely has any users. Example: Tesla is a small electric auto manufacturer that sells less than 50k cars a year and it has a market cap over $20 billion.

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April 22, 2017, 05:47:05 AM
 #33

$30 billions is a big number and I hope that it will soon double in the 2017. As you can see, more and more people are learning and discovering what cryptocurrencies are and how good can it be. And I believe that 2017 will definitely be the year of crypto.
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April 22, 2017, 05:49:54 AM
 #34

$30 billions is a big number and I hope that it will soon double in the 2017. As you can see, more and more people are learning and discovering what cryptocurrencies are and how good can it be. And I believe that 2017 will definitely be the year of crypto.

It's not $30 billion it's $20 billion. The OP can't count.

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April 22, 2017, 10:48:04 AM
 #35

$30 billions is a big number and I hope that it will soon double in the 2017. As you can see, more and more people are learning and discovering what cryptocurrencies are and how good can it be. And I believe that 2017 will definitely be the year of crypto.

It's not $30 billion it's $20 billion. The OP can't count.
Actually, he can.  The $20 billion is only for Bitcoin, while the market cap of all cryptocurrencies put together is about $30 billion, and he was clearly referring to that ("the year of crypto" not "the year of Bitcoin").
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April 22, 2017, 11:07:42 AM
 #36

This infographic sums up my thoughts on this.



See that tiny dot above the words: "bitcoin $19 billion"?

That's bitcoin's market cap in comparison to the global economy which is pictured to the right of that.

 Smiley

market cap is bullcrap bubble number.

i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..

thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.

Be honest.

If it were that easy, everyone would do it.

Which means, its not that simple.

He can't do that because other people will dump before him.   Grin  He wants to buy at 1 usd? He should eat the sell walls first, maybe cost billions usd.

Nope, his idea is that he has created all the coins themselves, and only put one on an exchange: offer: 1 coin.  And he buys it with $1.-.  As such, the official price of that coin is $1.-, its market cap is as he announced, and the volume is $1.-.

Hell, he can even sell it again, and buy it again, many times a day.  One single coin in circulation.  Next, he buys it at $2.-, and hey !  100% price rise, and a volume of X coins a day (X is the number of times sold to himself).

Only caveat: he needs to pay a fee each time to the exchange owner.
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April 22, 2017, 11:12:49 AM
 #37

$30 billion is actually a good one but its still a long way to go compared to where bitcoin is to be in a place that matters because that's a market cap for the whole world which is even not anywhere close to the extern reserve of most countries or countries put together which means we are still far from the promise land.

$30 billions is a big number and I hope that it will soon double in the 2017. As you can see, more and more people are learning and discovering what cryptocurrencies are and how good can it be. And I believe that 2017 will definitely be the year of crypto.

It's not $30 billion it's $20 billion. The OP can't count.

However, anything that concerns crypto concerns bitcoin because bitcoin alone is taking the largest share of the total crypto market.

 
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April 22, 2017, 11:24:29 AM
 #38

And yet there are still people not have any idea what bitcoin is. But with the constant marketing and spaming of ICOs, it contribute spreading the word. Platforms had grab attention of the FOREX traders and its no wonder they are already here. 30 billion is just a mole.

 
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April 22, 2017, 11:32:38 AM
 #39

I can agree with some of the comments - marketcap is the most useless stat to form your viewpoint, or that - it is all smoke and mirrors.
We can't deny that cryptocurrency rose from 0. Absolute zero, and now we have $30 billion market cap achieved in less than 10 years.
This is awesome. We don't want to compare cryptomarketcap to global economy markets, it is not the way to go.
We also can't compare it to events that lead to bubbles i.e. 'dot-com bubble'. Cryptocurrency is here to stay, it is not a bubble, it is the future.


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April 22, 2017, 11:35:27 AM
 #40

Yes, cryptocurrency market capitalization has been increasing because in coming the world is complete with cryptocurrency trading platform, many government nations will obey that cryptocurrency is the leading generation of money, still there are many people who don't know what is bitcoin, but in coming things will change according to the situation once nation obey for bitcoin acceptance.


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April 22, 2017, 11:45:05 AM
 #41

So the whole of crypto, even if we take the pure face value of $30 billion... is still less than 0.4% of gold market cap ($7.7 trillion today, according to http://onlygold.com/Info/All-The-Gold-In-The-World.asp). Yes, it's an exciting number, but still a very very long way to go.

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April 22, 2017, 12:51:20 PM
 #42

Yes, cryptocurrency market capitalization has been increasing because in coming the world is complete with cryptocurrency trading platform, many government nations will obey that cryptocurrency is the leading generation of money, still there are many people who don't know what is bitcoin, but in coming things will change according to the situation once nation obey for bitcoin acceptance.
It is a very good thing that we can see cryptocurrency market is getting bigger and bigger, it means that we are more attractive for different kind of investors.
Also, it means that there are even more people doing their transactions in our world, bitcoin capitalization is going higher along with the most known and trusted altcoins.
I still hope that we will actually see a big influence on bitcoin price and volume plus market cap, it would be not so great if the most of the new people coming into our community, would go for another cryptocurrency.

That is why I have diversified my investments, it is more secure if such a scenario will occur!

 
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April 22, 2017, 04:16:39 PM
 #43

$30 billions is a big number and I hope that it will soon double in the 2017. As you can see, more and more people are learning and discovering what cryptocurrencies are and how good can it be. And I believe that 2017 will definitely be the year of crypto.

It's not $30 billion it's $20 billion. The OP can't count.
Actually, he can.  The $20 billion is only for Bitcoin, while the market cap of all cryptocurrencies put together is about $30 billion, and he was clearly referring to that ("the year of crypto" not "the year of Bitcoin").

No, he can't. He included shit like dogecoin, ripple, melon, bitcrystals, arcade token, ethereum. Those aren't cryptocurrency. Those are either pump and dump scam tools with no where to spend them, or big bank big business value transfer tokens. The only cryptocurrency on his list is Bitcoin and it has a market cap of $20 billion.

I don't even know why you would mention market cap anyway. It's a stupid metric and tells you nothing but the price. You could say the same thing as: hey guys, there are over 16 million bitcoins and the price is $1,250 - yippee.

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April 23, 2017, 09:40:56 PM
 #44

Once fiat can leave the system watch that drop to $24b

Dude if fiat left the system the system would be broke since bitcoin has value based on the USD. Who knows what will happen if fiat no longer exists. We would have a global currency and hundreds of them. There will be loads of new altcoins too.
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April 23, 2017, 11:24:49 PM
 #45

This infographic sums up my thoughts on this.
See that tiny dot above the words: "bitcoin $19 billion"?
That's bitcoin's market cap in comparison to the global economy which is pictured to the right of that.
You really cannot compare the world economy to the crypto currency market capital ,there is a vast contrast and it is really not fair comparing the both markets.When it comes to the alt coin markets there are really a lot of shill coins and some of the coins are really over valued ,so i do not buy this one up,what ever manipulative the world economy is,it has a structure and a base and crypto market is not here to challenge all the conventional economic systems,but to provide an alternative solution in the digital era.
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April 23, 2017, 11:57:51 PM
 #46

$30 Billion and upon checking the coinmarketcap.com it only says $19B so who's saying the real info here? And I know that many companies are going to take bitcoin seriously since its market is growing quickly and we know those people wants business progress and that's why there will be a lot of it that will adopt bitcoin soon.




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