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Author Topic: The market is nearly 119 billion, it can increase 25 billion?  (Read 787 times)
aso118
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August 17, 2017, 07:31:55 PM
 #21

The market is nearly 119 billion, it can increase 25 billion?
 Cry Cry Cry Cry

I think you got your answer. The price is now $4,350+ and increasing $100 every day. The market cap just passed PayPal, for crying out loud!

I think it will pass Apple in a few years. Then it will be more than Gold.

Apple's market cap is $850 Bn. So it is still some distance away. It might take more than a few years. But if I was asked to bet whether Apple will reacg $1 Tn first or cryptocurrencies, I would bet on cryptocurrencies.


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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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September 17, 2017, 05:15:27 PM
 #22

The market is nearly 119 billion, it can increase 25 billion?
 Cry Cry Cry Cry

I think you got your answer. The price is now $4,350+ and increasing $100 every day. The market cap just passed PayPal, for crying out loud!

I think it will pass Apple in a few years. Then it will be more than Gold.

Apple's market cap is $850 Bn. So it is still some distance away. It might take more than a few years. But if I was asked to bet whether Apple will reacg $1 Tn first or cryptocurrencies, I would bet on cryptocurrencies.

I think it will take 3 to 5 years for the bitcoin price to be $100,000 each. So it will overtake the Apple. It also depends the Bitcoin can be traded in China again.
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September 18, 2017, 05:23:03 AM
 #23

the only way the market cap will increase is if more money comes into  bitcoin. how can that be done? right now crypto currencies have the lowest adoption rate of all new techs , because of all the downside of crypto. exchange defaults,hacked wallet,lost wallets, the system has to become better than the existing system for people to use it not worst. GBTC is a 100% premium over bitcoin because of convenience and insurance. if the current crypto market could do that that is were bitcoin and all crypto price would be 100% than now.
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