$100,000,000,000 Market Capitalisation.

[Minecache]

Crypto is now a $100,000,000,000 market. Congratulations to all believers and hodlers. How high can this nascent market get?

[pooya87]

for the 100,000,000,000th time, nobody cares about the total market capitalization!

altcoins can easily make billions of coin out of thin air and with 0.00000001 price or ever less (yes there are a lot of them worth half a satoshi or 1/100 of a satoshi) and make this total market cap grow out of proportion, just like what your beloved ethereum does

[SyGambler]

who cares man !! we know that these numbers aren't accurate at all
there are tons of currencies that have a fake market cap , especially new POS and other new coins
the developers sell like 10% of the total coins and hold the rest which gives a fake market cap /
let's just focus on the top 10 ( even I only care about Top 3 )

[lottery248]

more than 50% of the capitalization is from the altcoins, and there are a lot of altcoins are nowadays far higher than they used to be, one of the explicit example is Ethereum where the biggest competitor against bitcoin, has almost half of worth of bitcoin.

soon bitcoin will be standardised, it will be higher than US debt total.

[cafucafucafu]

Crypto is now a $100,000,000,000 market. Congratulations to all believers and hodlers. How high can this nascent market get?

I don't know and i don't think that there will ever be a limit on the amount of capitalisation crypto is getting. It hasn't even been 10 years since the launch of the first crypto bitcoin and it's now a worldwide phenomenon that cannot be ignored by central bankers anymore.

It's interesting to note though that this drastic increase in market cap came at a cost - and that cost was altcoins outgrowing bitcoin significantly. I believe that this trend is ending in the near future, as altcoins will generally die off in interest periodically but bitcoin has a sustained interest.

And plus - fiat can go from real value to nothingness in a year. We never know, we might not even measure market cap in terms of fiat anymore.

[Minecache]

for the 100,000,000,000th time, nobody cares about the total market capitalization!

altcoins can easily make billions of coin out of thin air and with 0.00000001 price or ever less (yes there are a lot of them worth half a satoshi or 1/100 of a satoshi) and make this total market cap grow out of proportion, just like what your beloved ethereum does

Alta don't make billions out of thin air. Money needs to flow into the alts for them to have a price.

[pooya87]

for the 100,000,000,000th time, nobody cares about the total market capitalization!

altcoins can easily make billions of coin out of thin air and with 0.00000001 price or ever less (yes there are a lot of them worth half a satoshi or 1/100 of a satoshi) and make this total market cap grow out of proportion, just like what your beloved ethereum does

Alta don't make billions out of thin air. Money needs to flow into the alts for them to have a price.

the problem is they DO do that!
it is just code, you turn 1 into 2 and you have twice the market cap. some coins even release tokens out of nowhere, and they have billions in code while none of it is available in the market.
how many of these coins do you think are available really with all the premine, ICO and all that crap!

[NorrisK]

This is still a major milestone no matter how much % alts make up from that.

If it wasn't for some of the altcoin projects like ethereum (note, im not invested in ethereum), worldwide adoption and recognition would be much lower than it is now. They attracted a lot of new people to crypto and that cannot be ignored..

[steamon]

300 bil+ end off this year mark my words.

The real business world is just discovering crypto. In 2018 over 1 trillion.

[dinofelis]

Crypto is now a $100,000,000,000 market. Congratulations to all believers and hodlers. How high can this nascent market get?

The derivatives market cap:

http://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp

The derivatives market is, in a word, gigantic, often estimated at more that $1.2 quadrillion. Some market analysts estimate the derivatives market at more than 10 times the size of the total world gross domestic product, or GDP. The reason the derivatives market is so large is because there are numerous derivatives available on virtually every possible type of investment asset, including equities, commodities, bonds and foreign currency exchange. However, some analysts challenge estimates of the size of the derivatives market as vastly overstated.

Same kind of stuff.  If crypto takes 10% of this crazy derivatives game, it still has a factor 1000 to go.  But it will be spread out over myriads of new crypto tokens, once big finance realizes how to play the game.  Once there will be 100 000 crypto tokens, and their values (bitcoin included) will wobble up and down unpredictably, the perfect speculative market will be established.

[iamTom123]

Even if cryptocurrency market (Bitcoin and all the other altcoins) will reach astronomical capitalization value, I don't really care that much because I only have a limited capital myself. However, this is a good indication that many people are now starting to realize the income power of cryptos but we have to be aware of bubble traps. It is true that many altcoins have created money out of thin air and there are really scams out there pretending to be real but they are actually fake coins...made just to deceive and scam people.

[hv_]

for the 100,000,000,000th time, nobody cares about the total market capitalization!

altcoins can easily make billions of coin out of thin air and with 0.00000001 price or ever less (yes there are a lot of them worth half a satoshi or 1/100 of a satoshi) and make this total market cap grow out of proportion, just like what your beloved ethereum does

puuuuuu


we just wanna party !!!


We take all triggers

 

[hosseinimr93]

who cares man !! we know that these numbers aren't accurate at all
there are tons of currencies that have a fake market cap , especially new POS and other new coins
the developers sell like 10% of the total coins and hold the rest which gives a fake market cap /
let's just focus on the top 10 ( even I only care about Top 3 )

You're right. But notice that fake coins Like POS that you mentioned Do not form a large proportion of total coins.
Now the BTC dominance is 46% and dominance of 10 first listed coins in coinmarketcap is more than 90%.
We can not ignore the significance of total marketcap. I agree with Minecache. This represents the growth of bitcoin and Other cryptocurrencies.

[SimmonenY]

It's nice to now that more and more people start to believe in cryptocurrency but I don't really care.

[magneto]

for the 100,000,000,000th time, nobody cares about the total market capitalization!

altcoins can easily make billions of coin out of thin air and with 0.00000001 price or ever less (yes there are a lot of them worth half a satoshi or 1/100 of a satoshi) and make this total market cap grow out of proportion, just like what your beloved ethereum does

Definitely. The market capitilation nor the price of a bitcoin really matters that much. However it does matter at least a bit, because speculators do rely on it to make profits, after all that's how they make a living.

It's illogical to measure how much the total circulation of bitcoin is worth in terms of fiat as well. I guess it's a good, convenient way for everyone to see the value of bitcoin, but a measure like gold would make more sense.

I remember that a coin called Solarcoin had a 20 billion market cap when bitcoin was at something like 10billion. Obviously, it was a crappy altcoin. What should matter is user adoption, and liquidity. How much can you sell without crashing the price? If you sold just $50000 worth of this solarcoin i was talking about, you could crash 20% of its value easily.

[steamon]

for the 100,000,000,000th time, nobody cares about the total market capitalization!

altcoins can easily make billions of coin out of thin air and with 0.00000001 price or ever less (yes there are a lot of them worth half a satoshi or 1/100 of a satoshi) and make this total market cap grow out of proportion, just like what your beloved ethereum does

Definitely. The market capitilation nor the price of a bitcoin really matters that much. However it does matter at least a bit, because speculators do rely on it to make profits, after all that's how they make a living.

It's illogical to measure how much the total circulation of bitcoin is worth in terms of fiat as well. I guess it's a good, convenient way for everyone to see the value of bitcoin, but a measure like gold would make more sense.

I remember that a coin called Solarcoin had a 20 billion market cap when bitcoin was at something like 10billion. Obviously, it was a crappy altcoin. What should matter is user adoption, and liquidity. How much can you sell without crashing the price? If you sold just $50000 worth of this solarcoin i was talking about, you could crash 20% of its value easily.

You can still look at it as a measurement. I know new coins launch with basicly created money on the fly. But it still shows if more money is coming in or is going out.

[dinofelis]

However, this is a good indication that many people are now starting to realize the income power of cryptos but we have to be aware of bubble traps. It is true that many altcoins have created money out of thin air and there are really scams out there pretending to be real but they are actually fake coins...made just to deceive and scam people.

There is no real economic income without real value production.  The small value production that crypto actually produces (fluidity of economic transactions over what could be done in the fiat system) is insignificant as compared to the total market cap ($100 billion) or the total daily trade volume (several $billion): as such, this is pure speculation that cannot end well.   This is a total mis-allocation of resources, like in any economic purely speculative bubble.  We've seen it with tulips, stocks, housing prices, dot-com, complex derivatives.... always the same.  You simply cannot have sustainable "income generation" without value production.  People can really profit from it, by the heavy mis-allocation of resources, if they are on the receiving end.  Bitcoin is no exception.  It has even been the driving force.  But it is going to make huge damage, exactly like the stocks in 1929, housing in Japan (1990), in USA (2000-ies), dot-com (2001), derivatives (2007).  In the mean time, some are going to get very rich, and many are going to become very poor.

[raymond541]

$100,000,000,000 Market Capitalization that's value have no reality with current market.only bitcoin and ethereum value is correct.there are many fake currency which have no value in current market.bitcoin cap now $47 billion and ethereum cap now $24 billion from coinmarketcap.this 2 coins cap 71% value of coin market.

[Vishnu.Reang]

Crypto is now a $100,000,000,000 market. Congratulations to all believers and hodlers. How high can this nascent market get?

Congrats for all the early adopters, and the remaining users. But what bothers me is that the Bitcoin dominance has dome down to just 46%. A few months back, it was close to 80%. Altcoins such as Ether and Ripple has eaten a lot of market share from Bitcoin.

[Qartada]

for the 100,000,000,000th time, nobody cares about the total market capitalization!

altcoins can easily make billions of coin out of thin air and with 0.00000001 price or ever less (yes there are a lot of them worth half a satoshi or 1/100 of a satoshi) and make this total market cap grow out of proportion, just like what your beloved ethereum does

Alta don't make billions out of thin air. Money needs to flow into the alts for them to have a price.

the problem is they DO do that!
it is just code, you turn 1 into 2 and you have twice the market cap. some coins even release tokens out of nowhere, and they have billions in code while none of it is available in the market.
how many of these coins do you think are available really with all the premine, ICO and all that crap!

Coinmarketcap distinguishes the "circulating supply" from the "total supply".  XRP, for example, has a "total supply" of 99,994,661,895, but its circulating supply is 38,621,693,933, which is what the market cap on coinmarketcap comes from.  Of course we can't be sure that this is accurate due to lost coins etc, but we know that it's the amount which is theoretically in the market.

If there was a circulating supply of two times more, in theory the price would lower as well and so would the market cap.

The market cap is nowhere near a perfect measurement, but trying to pretend that it's all manipulation just because it could be in some circumstances would be plain unreasonable.  It's not like the amount of money which just went into ETH was secretly $1, or that Bitcoin is actually worth its market cap either.