Has Crypto currency reached its maximum market cap?

[CryptoScorpio]

Nowadays we have seen a lot of regulations on crypto currency.Though it has many salient features, the government has no partiality over it.In the perspective of government, it could be an encouragement to the under world. No government likes anonymous transactions. Even though it is a decentralized market, but it doesn't mean that it is completely isolated from regulations and all. One or the other way government will try to suppress this.If this happens then there will be no one interested to invest in the crypto currency. I fear one day all coins would lose their value if this happens.

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[Cipherr]

"Its definitely reached the highest it will ever go more than likely."

--Says me about 3 years ago


Not this time Satan.  Im putting more fiat into this today and hoping it recoils some more so I can buy more stuff at discount. Im done falling for this idea that its at an ATH and that disaster is right around the corner.

[pinkflower]

Heres another question for us to think about and ask ourselves. Has cryptocurrencies reached their maximum potential? If you answer yes then its time for you to sell all your cryptocurrencies to a willing buyer and let him arrive to his own conclusion to the question.

[mobnepal]

Current crypto marketcap is only around 140 billion $ which is nothing compared to total financial transactions executed everyday via online payment gateways. Paypal have marketcap of around 72 billion $ and bitcoin is far better than paypal shit, so even bitcoin can have more than current $140 billion marketcap in near future so a big NO, marketcap for crypto is still very low and there is high chance of it to grow exponentially.

[davis196]

Current crypto marketcap is only around 140 billion $ which is nothing compared to total financial transactions executed everyday via online payment gateways. Paypal have marketcap of around 72 billion $ and bitcoin is far better than paypal shit, so even bitcoin can have more than current $140 billion marketcap in near future so a big NO, marketcap for crypto is still very low and there is high chance of it to grow exponentially.

I think that cryptocurrency market cap can rise to 999 billion USD.There`s still lots of potential for growth,but we need governments and central banks to support or atleast stay away from cryptocurrencies,in order to reach that goal.Paypal fees are ridiculous,but i use paypal because everybody use it and all the merchants accept it.Cryptocurrencies have to destroy pp.

[stupid_seb]

Just donsome basic math:

1/ Crypto is $200Billons today (in the good days )

2/ The dot com bubble exploded at $10 TRILLIONS (and was mostly an occidental luxury at the time, not a global thing)

3/ Sum of all the market caps on NYSE today is $17 TRILLIONS.


FYI:
The $10Trillion mark is the reference some folks like John McAfee take to predict a BTC at $500,000 in the near future.


Makes sense from a business point of view. I probably would have sold before :-)

[yonjitsu]

Probably no. And i think its value will rise up to 5k USD before this year ends. And as i see it, it will be in a million USD in the next ten years.

[Pursuer]

do you see everyone in the steers talking about bitcoin, using bitcoin, and do you see all the shops in the streets accepting bitcoin? if yes then bitcoin has reached its maximum potential. and until that day happens we are far away from even 10% of bitcoin potential.
things are just starting up. from this year people have see bitcoin as a real currency for the first time. and that is only a small percentage of the population. and things are growing. when more people find out about it, bitcoin will be adopted more and as it does the price will also grow with it increasing the market cap.

[hello_good_sir]

Nowadays we have seen a lot of regulations on crypto currency.Though it has many salient features, the government has no partiality over it.In the perspective of government, it could be an encouragement to the under world. No government likes anonymous transactions. Even though it is a decentralized market, but it doesn't mean that it is completely isolated from regulations and all. One or the other way government will try to suppress this.If this happens then there will be no one interested to invest in the crypto currency. I fear one day all coins would lose their value if this happens.

I don't think that we have seen even one tenth of what bitcoin can achieve.

Also bear in mind that market capitalization is not an accurate depiction of the success of a project. But anyways, as bitcoin is a store of value and fiat is depreciative by nature, bitcoin will always increase in market capitalization in the long run as long as the user base remains constant or grows.

Governments can only ban bitcoin exchanges, and not bitcoin itself. If they ban exchanges then trading will just move to p2p and people will accept BTC directly, which is even better.

[Wekkel]

I don't think that we have seen even one tenth of what bitcoin can achieve.

I concur: a whole new digital industry has spawned and is growing in size exponentially. There is ample room for growth and disintermediation of existing systems/workflows. Although this process takes time, the hype cycle in the army stages has not even started yet from my perspective. It is still very early.

[AtheistAKASaneBrain]

Nowadays we have seen a lot of regulations on crypto currency.Though it has many salient features, the government has no partiality over it.In the perspective of government, it could be an encouragement to the under world. No government likes anonymous transactions. Even though it is a decentralized market, but it doesn't mean that it is completely isolated from regulations and all. One or the other way government will try to suppress this.If this happens then there will be no one interested to invest in the crypto currency. I fear one day all coins would lose their value if this happens.

We haven't seen anything yet. If you take into account the wealth stored in other places, you will see that Bitcoin is still tiny. This picture is outdated but still applies, chance $11 billion marketcap for the current one and BTC is still a small drop in a sea of potential money that can go in.



If we can get %5 of goldbugs to diversify their portfolio on Bitcoin, we will see $25,000, from that alone. Now consider all the other money out there that can come in to, and we will be sitting at $100,000 easily by next decade, if the hardforkers don't ruin the show as always of course. There's a cancer called Segwit2x right now, we must defeat this, so don't forget to set [no2x] next to your Twitter nickname to support the movement.

[alyssa85]

No.

Basically, if regulated money (eg pension fund money) finally starts to invest in cryptocurrencies, then the current market cap is tiny compared to what will come.

But it's a big IF. The SEC and other regulators are not going to approve ETFs and pension money investments in cryptocurrency, while the price can be manipulated by badly translated FUD from China, orchestrated by some Chinese whales.

It's only when the bulk of trading is done on regulated exchanges - GDAX, Gemini, Bitstamp etc - that institutional money will start to come in. And we're a long way off that.

[Denker]

OP already got some great answers why cryptos in general and especially Bitcoin aren't at the top yet.
Jesus we barely just begun moving up. This whole market is still so tiny and new, but also so disruptive. What we see here is a completely new thing, a new asset class which can be traded at any time, every day for a very small fee compared to the traditional markets!
This won't go away!
Bitcoin alone has the potential to reach several hundreds of thousands of dollars alone! It won't happen over night, and the road will be bumpy. so you need strong hands, but it is very likely to happen if Bitcoin survives and keeps progressing like it did the last 8.5 years.
Altcoins will follow in some way Bitcoin and create other markets, similar to penny stocks, in terms of tier 2-4 shitcoins, is my guess.
In a few years the whole crypto currency market will be a trillion dollars at least!

[Tenderino]

I am 100% sure that crypto currencies did not reach its maximium market cap and will increase further.

Even though there are some governments putting pressure on it, they can never eliminate them, because it's a decentralized system.

They can somehow limit it, but there will be always ways to circumvent restrictions like it's the case of tax avoid models in offshore jurisdictions.

[ChainSmoker]

Cryptocurrency market cap's is no where near the half and you talk about max.I am talking about bitcoin's cap.I take bitcoin superior to paypal and it hasn't reached paypal market's cap yet so yeah market cap is very low now.You will be surprised to see the market cap in 10 years.

[LFC_Bitcoin]

This is a pretty retarded thread tbh. Cryptocurrencies are increasing in price constantly over time. The prices of the main crypto's will continue to rise.

[Catmony]

Trillion of $ are moved between one place to another in this world everyday and just imagine how much marketcap crytpo could have in future when only 50% of these transactions will be done via crypto. So No there is lots of space for marketcap to grow to more than trillion dollar.

[stupid_seb]

This is a pretty retarded thread tbh. Cryptocurrencies are increasing in price constantly over time. The prices of the main crypto's will continue to rise.

Correct.
The question is more: what could be the too market cap for cryptos?
$1T, $10T, $100T

Imho, $10T is the magic figure: dot com scars are still present.
I would imagine that a good half of the blockchain economy will happen under private chains (or closed to the other 99% with strong regulations put by the 1%). Hence, I believe that in the next 3-7years, we may reach $5Trillion market cap.

That is a BTC at $250,000 but ONLY if it stays the leading coin (to be confirmed...I doubt it)

[Carlsen]

This is a pretty retarded thread tbh. Cryptocurrencies are increasing in price constantly over time. The prices of the main crypto's will continue to rise.

Correct.
The question is more: what could be the too market cap for cryptos?
$1T, $10T, $100T

Imho, $10T is the magic figure: dot com scars are still present.
I would imagine that a good half of the blockchain economy will happen under private chains (or closed to the other 99% with strong regulations put by the 1%). Hence, I believe that in the next 3-7years, we may reach $5Trillion market cap.

That is a BTC at $250,000 but ONLY if it stays the leading coin (to be confirmed...I doubt it)

I have just read a similar analysis in one of the financial online newspapers.
They estimate a market capitalizatin of 5T for bitcoin alone in ten years.
If bitcoin would then still be at about 50% of the whole market capitalization, we would have 10T dollars in the crypto market in ten years.

[Denker]

This is a pretty retarded thread tbh. Cryptocurrencies are increasing in price constantly over time. The prices of the main crypto's will continue to rise.

Correct.
The question is more: what could be the too market cap for cryptos?
$1T, $10T, $100T

Imho, $10T is the magic figure: dot com scars are still present.
I would imagine that a good half of the blockchain economy will happen under private chains (or closed to the other 99% with strong regulations put by the 1%). Hence, I believe that in the next 3-7years, we may reach $5Trillion market cap.

That is a BTC at $250,000 but ONLY if it stays the leading coin (to be confirmed...I doubt it)

Well why shouldn't Bitcoin be the leading coin anymore in a few years?
Is there any altcoin out there who sees some real usage instead of just wild speculation on exchanges? Look at the txn histiroy of those tokens! They are all ghost towns!
Bitcoin is having the big and extremely fast growing ecosystem, the biggest pool of incredibly skilled developers, businesses and startups, acceptance and adoption by merchants, and interest by institutional investors (although still very early).
Bitcoin being the dominant Blockchain and coin in the next 5-10 years is pretty big imo. Therefore buy and hold as much as Bitcoin as you can.

[stupid_seb]

This is a pretty retarded thread tbh. Cryptocurrencies are increasing in price constantly over time. The prices of the main crypto's will continue to rise.

Correct.
The question is more: what could be the too market cap for cryptos?
$1T, $10T, $100T

Imho, $10T is the magic figure: dot com scars are still present.
I would imagine that a good half of the blockchain economy will happen under private chains (or closed to the other 99% with strong regulations put by the 1%). Hence, I believe that in the next 3-7years, we may reach $5Trillion market cap.

That is a BTC at $250,000 but ONLY if it stays the leading coin (to be confirmed...I doubt it)

Well why shouldn't Bitcoin be the leading coin anymore in a few years?
Is there any altcoin out there who sees some real usage instead of just wild speculation on exchanges? Look at the txn histiroy of those tokens! They are all ghost towns!
Bitcoin is having the big and extremely fast growing ecosystem, the biggest pool of incredibly skilled developers, businesses and startups, acceptance and adoption by merchants, and interest by institutional investors (although still very early).
Bitcoin being the dominant Blockchain and coin in the next 5-10 years is pretty big imo. Therefore buy and hold as much as Bitcoin as you can.

Correct.
BTC is most probably being the dominant chain, but nothing is certain.

Also, factor one thing that everybody forgets (including similar analyses from the press): the explosion of the crypto-technology market cap will happen with corporate development: big companies using the blockchain.

I state the obvious, but the non-obvious is that a significant part of this economy may be untouchable for standard investors like you and I:
A/ being on private chains (still counting in the total market cap)
B/ investment limited to "accredited investors" only

Point A limits the BTC marketcap.


That is why, imho, the BTC  max prise should be considered at $100,000 for the moment.
It is still huge and highly improbable, but more "realistic" (lol) than half a million like we could read.

Bottom line: if you want to make certain you can retire with BTC, don't hold 5 or 6 of them. Your goal needs to be 50.

[d5000]

Again, a thread full of permabulls   (all what they want is to burn noobs so they can dump their coins near $5000 and profit).

Most of that what you permabulls are expecting "for the future" (massive usage by companies, "mainstream adoption", Lightning Network  etc.) is already priced in at the current price level. If you take the Quantity Theory of Money as a base for what the fair price could be in current conditions (3-4 tx/sec, ~7 million users, most of them not using cryptocurrencies for real world purchases but for speculation) you would get figures of at most $1000 (this guy got ~$250 per Bitcoin).

I consider the current market cap a bubble and very likely it's at a short/medium term high (max. 200 billion in 2017/18 for all cryptocurrencies together). However it can grow in the more distant future. 1 trillion USD as a combined market cap could be reachable in the long term (2020+), but only under optimal conditions. For example, an unsolved problem is volatility which limits the use cases of Bitcoin and other cryptocurrencies. I doubt higher liquidity can solve that problem on its own, more probably we need other measures as well - but nobody cares, because everyone only wants to get rich quickly ...

[Wekkel]

[...] but nobody cares, because everyone only wants to get rich quickly ...

This sums it up quite nicely 

[Freedom Force]

I think there is still plenty of room for the Bitcoin market cap to increase. However, I can not say the same for the altcoins marketcap. Most of them are scams, and they have already more than half of the total marketcap. It might go up a little bit, but not much. And after that, it may drop badly.

[talkbitcoin]

BTC is most probably being the dominant chain, but nothing is certain.

bitcoin is the dominant cryptocurrency and will remain dominant because it has real usages!
apart from being an investment that you make money from you can use it in real world in real shops to purchase real goods just like a currency.

you can not say the same for the rest.

Also, factor one thing that everybody forgets (including similar analyses from the press): the explosion of the crypto-technology market cap will happen with corporate development: big companies using the blockchain.

it depends on what you mean.
big companies usually use "blockchain" as the technology for their own thing and create their own separate blockchain.
this lacks the decentralization factor and nobody cares about it.

but if it is big companies such as Amazon adopt "bitcoin" then it is very different.

I state the obvious, but the non-obvious is that a significant part of this economy may be untouchable for standard investors like you and I:
A/ being on private chains (still counting in the total market cap)
B/ investment limited to "accredited investors" only

Point A limits the BTC marketcap.

again you are forgetting that market cap for cryptocurrencies is completely meaningless!
being private or not private has nothing to do with it. the number of coins they release and the price they set for it changes the market cap.
look at ripple which is the most "private" of all and you will see.

[Kyraishi]

I think there is still plenty of room for the Bitcoin market cap to increase. However, I can not say the same for the altcoins marketcap. Most of them are scams, and they have already more than half of the total marketcap. It might go up a little bit, but not much. And after that, it may drop badly.

Agreed. I think that bitcoin market cap even though it may be in a bubble right now will go up in the long run still. Every halving, bitcoin price usually increases by at least two or threefold, it has always been like this.

Also if you take into account that bitcoin is a store of value in the long run, and fiat is going to lose its value instead, market cap going up from now is really a given.

Altcoins are mostly shitcoins, and i think that their capitalization should drop off compared to bitcoin as bitcoin dominannce index rises.

[Dmitry.Vastov]

As I heard this in a documentary that the cryptocurrency is still like the internet of the 1990s so yes there is a lot to be make in this sector and it will be long before it reaches it's maximum market cap.

[Cerbera]

The chart that AtheistAKASaneBrain posted on page 1 is quite an eye opener. I remember seeing it before and was hoping that I would find it again. Imagine if just 0.01 % of the money in the stock market or derivatives piled into cryptos. It would be unbelievably spectacular!

[Blamsud]

As I heard this in a documentary that the cryptocurrency is still like the internet of the 1990s so yes there is a lot to be make in this sector and it will be long before it reaches it's maximum market cap.

It's just starting now and it still have a long run to do so there are more developments ahead in future of crypto. It was just a start and we will see more soon.

[iamTom123]

Heres another question for us to think about and ask ourselves. Has cryptocurrencies reached their maximum potential? If you answer yes then its time for you to sell all your cryptocurrencies to a willing buyer and let him arrive to his own conclusion to the question.

Nice idea! And yes, this is true. Anyone who is convinced that cryptocurrency has nothing room to grow should dispose all of his/her digital currencies and shift the attention somewhere else. And this can be true with any investment vehicles available to all of us.

As for me, I can feel that we have barely touched the surface for cryptocurrency...there are definitely new markets to conquer and there are still so many people who have not yet heard anything about cryptocurrencies and its immense potential for riches...not bubbles!

China or without China, there is no doubt that cryptocurrency will be growing by leaps and bounds.

[omonuyak]

We are still at the infancy  stage and I think price is still at the ground floor.we expect good days to come in the future. Cryptocurrency especially bitcoin will get to $250,000 before 2030 according to some speculation we had on this forum and  twitter. Today bitcoin is just a little bit above $4000 and if the dust raise buy the bad or fake news in China is settled then we would see another upward movement. I don't think we would have maximum amount in cryptocurrency market capitalization as people will keep growing.

[stupid_seb]

bitcoin is the dominant cryptocurrency and will remain dominant because it has real usages!
apart from being an investment that you make money from you can use it in real world in real shops to purchase real goods just like a currency.
you can not say the same for the rest.

This is changing. Fast. Hence my precautions when I say that BTC will remain dominant.
Nobody can forecast anything in crypto -> Being certain about things is the best way to get burnt...

Example (to bring something on the table): You can pay in DASH, LTC and ETH on Overstock.com. Not only BTC.
http://fortune.com/2017/08/08/overstock-digital-currency/?utm_source=Triggermail&utm_medium=email&utm_campaign=Post%20Blast%20%28bii-payments%29:%20Green%20Dot%20on%20track%20to%20grow%20—%20Overstock%20expands%20cryptocurrency%20acceptance%20—%C2%A0BofA%20launches%20unified%20platform%20with%20UnionPay&utm_term=BII%20List%20Payments%20ALL

it depends on what you mean.
big companies usually use "blockchain" as the technology for their own thing and create their own separate blockchain.
this lacks the decentralization factor and nobody cares about it.

but if it is big companies such as Amazon adopt "bitcoin" then it is very different.

Careful..."decentralized" does not necessarily mean "public"
Chains can remain private and decentralized (among multiple private actors). Imagine Amazon's supply chain system where transactions are mined by every actor on the supply chain, not only amazon, anywhere in the world. It's a decentralized private chain, where you can only mine transactions is you have the credentials to do so. It would allow Amazon to keep its supply chain records PRIVATE, in order to have smart-asses tapping into the blockchain and being able to anticipate stock prices evolutions based on the pipeline of sales to come.

As per end consumer adoption, see above the overstock example.
You are right thinking that BTC may be the 1st currency to be accepted as a B2C solution, but again, nothing is 100% certain...

again you are forgetting that market cap for cryptocurrencies is completely meaningless!
being private or not private has nothing to do with it. the number of coins they release and the price they set for it changes the market cap.
look at ripple which is the most "private" of all and you will see.

Market caps are not as robust as on the stock market. This is due to high volatility, massive discrepancies in token distribution (megawhales vs. nanominnows), and because it's a very new economy. So, yes, they are to be taken carefully (as anything regarding cryptos)

Nevertheless, I think you should take the problem the other way round: It's not the TOKEN PRICE that decides the market cap.

The "business potential" of the use case of 1 coin drives its marketcap.The Token price is just a resulting factor of the token supply.

I'll take MCO (monaco), the payment card as an example (below, is small, not to pollute the discussion):

Code:

-- WARNING It will look a lot like a McKinsey (or BCG) interview use case --

In a nuthsell, not factoring token burn and token reserve (should balance themselves), the business case for Monaco (or TKN, or PAY.. whatever card) is ROUGHLY that [b]they take 1%[/b] of the purchase made with your fancy crypto-debit-card. 
You may now assume that marke size for these cards: only a couple million people in the world deal with cryptos. Hence, if one company takes a whooping 10% of the market, that's, let's say 200,000 cards. 
Now, assume the spending people will spend $5,000 per year with this card (I doubt it, as people will mostly KEEP they growing-value-btc, but for tax evasion purpose it can be interesting).
-> That's $1B per year of turnover!!! hence $10MM or revenues for such companies (the 1%).
Now, guess what, in 5 years, the number of people using the card may be 10x... so you may assume $50M in average (area of the triangle...).
Do a price on earnings ratio of 5 (10 standard on stocks, but cryptos are more "aggressive"), and you are a $250MM market cap.

Optimists will see $400MM like Pay reached once, pessismists less.. but this is the area you play with.
Now, take the MCO token amount (Let's take 20MM, not 10MM as per today, bc more will be released to sustain growth and operaitons liquidity, up to 30MM in the whitepaper).
--> you have a MCO unit price of $12.5.

It's currently at $8.5 awaiting a VISA approval, and reached $24 at peak (I sold at $20).

Intersting discussion still. Happy to read your thoughts. Any point of view is valuable on these markets today. Knowledge is power.

[el kaka22]

BTC is most probably being the dominant chain, but nothing is certain.

bitcoin is the dominant cryptocurrency and will remain dominant because it has real usages!
apart from being an investment that you make money from you can use it in real world in real shops to purchase real goods just like a currency.

I agree with you that bitcoin is the first and dominant cryptocurrency among other cryptocurrencies and it will remain dominant because people trust in bitcoin than other altcoins. Although there are many altcoins survive in the market but I think it can’t compete bitcoin. Bitcoin is the mother currency of cryptocurrencies and his journey towards his destination is without any competitor. I think cryptocurrency at this stage is far of capturing the market completely. It would need more time to overcome fiat currency.