Bitcoin Forum
August 04, 2024, 01:13:30 PM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2017-10-02] $150 Billion: Bitcoin Price Rally Leads Markets Closer to All-Tim  (Read 1602 times)
Terraformer (OP)
Sr. Member
****
Offline Offline

Activity: 574
Merit: 251



View Profile
October 02, 2017, 01:38:34 PM
 #1

$150 Billion: Bitcoin Price Rally Leads Markets Closer to All-Time High

The bitcoin price continued to rally on Monday, and it carried the total cryptocurrency market cap past another significant threshold. Bitcoin now appears poised to challenge the $4,500 level, while ethereum maintains its position above $300 as it awaits the upcoming Metropolis protocol upgrade.



The crypto markets experienced higher-than-average weekend trading volume, with their 24-hour total piercing $3 billion at the time of writing. Against this backdrop, the cryptocurrency market cap padded its total by another $3 billion on Monday. It now sits above $150 billion for the first time in almost three weeks, placing it just $30 billion below its record high.




Continue reading > https://www.cryptocoinsnews.com/150-billion-bitcoin-price-rally-leads-markets-closer-to-all-time-high/
1Referee
Legendary
*
Offline Offline

Activity: 2170
Merit: 1427


View Profile
October 02, 2017, 02:53:45 PM
 #2

I never understand why there is so much attention being pointed at the global crypto market cap - we all know that altcoins are insanely easy to manipulate and get their market cap to reach a value of billions and billions without much effort. The only market cap that matters is the one from Bitcoin, period. If we see Bitcoin Gold comes to life, it will very likely pop up with a market cap in the $5-10 billion range. In November we might be seeing another chain split, and then the same story will repeat itself. It seems that now the governmental pressure on ICO's is slowly but surely increasing, we'll see a chain-split-boom in the coming years. Malicious entities are very creative when it comes to finding ways to make big money, that has been proven already.
yugyug
Sr. Member
****
Offline Offline

Activity: 616
Merit: 256



View Profile
October 02, 2017, 03:37:59 PM
 #3

I never understand why there is so much attention being pointed at the global crypto market cap - we all know that altcoins are insanely easy to manipulate and get their market cap to reach a value of billions and billions without much effort. The only market cap that matters is the one from Bitcoin, period. If we see Bitcoin Gold comes to life, it will very likely pop up with a market cap in the $5-10 billion range. In November we might be seeing another chain split, and then the same story will repeat itself. It seems that now the governmental pressure on ICO's is slowly but surely increasing, we'll see a chain-split-boom in the coming years. Malicious entities are very creative when it comes to finding ways to make big money, that has been proven already.

A time will come when multiple forks and mutliple splits occur , then a centralized blockchain could happen or a term like what can be called someday as regionalized blockchain or a standard blockchain. Like, if 2 or 3 network splits from bitcoin blockchain exist, we may assign their link in a contenintal manner like, Asia-Pacific region blockhain, American blockchaim or European blockchain or a hybrid cross-link blockchain. As we know blockcahin was still an emerging technologies and an open source so there's a possibility that some standards would vary from region to region, government want to regulate cryptocurrency and government wants to implements standards, this notion is still debatable but might happen someday who knows. Just like cars, their design was copied(same thing as bitcoin and bitcoin fork), you can see cars for american market, cars for european market and cars for asian market. These cars have different driving standards like the Right Hand Drive and Left Hand Drive standards. So this could happen in cryptocurrenvy blockchain too.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!