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Author Topic: This is getting serious ... Total CryptoCurrency Market Cap to $30 billion !!  (Read 1734 times)
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April 22, 2017, 11:35:27 AM
 #41

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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buwaytress
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April 22, 2017, 11:45:05 AM
 #42

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
 #43

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
 #44

$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
 #45

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
 #46

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
 #47

$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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