CryptoScorpio (OP)
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September 10, 2017, 05:13:43 AM |
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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
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September 10, 2017, 05:16:26 AM |
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"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.
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pinkflower
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September 10, 2017, 05:20:50 AM |
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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.
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mobnepal
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September 10, 2017, 05:35:27 AM |
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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.
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davis196
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September 10, 2017, 06:02:20 AM |
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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.
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stupid_seb
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September 10, 2017, 06:24:07 AM |
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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 :-)
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yonjitsu
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September 10, 2017, 07:01:06 AM |
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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.
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Pursuer
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Where is my ring of blades...
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September 10, 2017, 07:04:21 AM |
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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.
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Only Bitcoin
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hello_good_sir
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September 10, 2017, 07:13:40 AM |
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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.
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Wekkel
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yes
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September 10, 2017, 09:48:55 AM |
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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.
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AtheistAKASaneBrain
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September 10, 2017, 12:48:45 PM |
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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.
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alyssa85
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September 10, 2017, 01:30:25 PM |
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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.
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Denker
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September 10, 2017, 02:10:35 PM |
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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!
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Tenderino
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September 10, 2017, 02:38:37 PM |
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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.
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ChainSmoker
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September 10, 2017, 04:05:24 PM |
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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.
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LFC_Bitcoin
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September 10, 2017, 05:16:30 PM |
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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.
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Catmony
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September 10, 2017, 05:17:54 PM |
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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.
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stupid_seb
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September 10, 2017, 05:27:30 PM |
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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)
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Carlsen
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September 11, 2017, 07:54:09 AM |
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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.
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Denker
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September 11, 2017, 08:05:31 AM |
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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.
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