JohnHero (OP)
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December 06, 2017, 07:16:19 PM |
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How far can Bitcoin go guys? If the the Market Cap currently is $219 000 000 000, can Bitcoin ever be worth $200 000 000 000 with this market cap?
I am just curious, is the Bitcoin (or any coin) price caped by the Market Cap? Or the finite number of fiat money in the world?
Can a coin be worth more than it's market cap or can the value of a coin be equal with it's market cap if it's intensively traded/used?
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Mind Control
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December 06, 2017, 08:39:44 PM |
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Do not be fooled by the market cap. It is just a mere multiplication of the current price and the total circulating supply and nothing else. Thus, the market cap is not there to dictate the past, current, nor future price but rather, the market cap is there because there is a price.
Simply saying, there is no limit in Bitcoin's price. The price will continue to increase as long as the demand is constantly increasing.
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lucifochrome
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December 06, 2017, 08:45:58 PM |
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About the market cap, bitcoin cannot reach the same amount. If what you are referring to is for 1 BTC to be equivalent of say 219000000. If that is the case then answer is Yes and No, It may reach that amount but it will take a very long time. The price is dependent on the law of supply and demand, meaning to say that if there is no demand then it will not reach the said price and if ever it reaches that price market cap by that time will also double or triple the current price.
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AltcoinAuthority
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December 11, 2017, 11:36:45 PM |
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How far can Bitcoin go guys? If the the Market Cap currently is $219 000 000 000, can Bitcoin ever be worth $200 000 000 000 with this market cap?
I am just curious, is the Bitcoin (or any coin) price caped by the Market Cap? Or the finite number of fiat money in the world?
Can a coin be worth more than it's market cap or can the value of a coin be equal with it's market cap if it's intensively traded/used?
I am not sure what the price of the coin will stop at. Maybe the coin will be a million dollars each, that would make 21 million people millionaires if they all held a single coin. |
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HeRetiK
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December 11, 2017, 11:59:32 PM |
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With gold's total market cap being estimated at USD 7.8 trillion I guess the upper limit of BTC's price would be around USD 370,000 (at USD's current purchasing power) simply because I can not fathom all of BTC to be worth more than all the gold in the world. However there is a lot of fiat currency in the world, all of which gets issued more or less out of thin air, trying to more or less successfully reflect the effective wealth of global economies. So relative to fiat the sky is the limit.
Then again for all we know people could just lose interest in cryptocurrencies as fast as they have gained it, and in 10 years time we'll be shaking our heads at our own naivité while trading coins that are worth only fractions of current levels. Not that I expect such a thing, but reality rarely turns out as expected.
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SUDARMONO
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December 12, 2017, 12:06:32 AM |
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the bitcoin price does not affect the price of the market cap, the bitcoin price increase is influenced by the demand for bitcoin in the market, and the more bitcoin demand the more and the bitcoin price will follow the higher price increase.
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berriesjob
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January 09, 2018, 06:14:57 PM |
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The market cap does not control the value of Bitcoins, rather it is there because of the current pricing. Bitcoin prices can still surge or dip at any moment.
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k_kuchkarov
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January 09, 2018, 06:22:59 PM |
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How far can Bitcoin go guys? If the the Market Cap currently is $219 000 000 000, can Bitcoin ever be worth $200 000 000 000 with this market cap?
I am just curious, is the Bitcoin (or any coin) price caped by the Market Cap? Or the finite number of fiat money in the world?
Can a coin be worth more than it's market cap or can the value of a coin be equal with it's market cap if it's intensively traded/used?
If it is actively traded and used, it certainly can! And if take bitcoin, he has already begun to give away positions, but this is all temporary! I think that bitcoin will surprise us all!) |
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mustangtartlet
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January 09, 2018, 06:28:59 PM |
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Since the price of Bitcoin is changing in random circumstances, I can say that it can reach the market cap sooner or later, but then change again since it is very unpredictable.
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ggg123
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January 09, 2018, 06:34:27 PM |
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There are many topics around exactly like this one. Obviously everyone keep asking the same questions and wonders how far can go yet no one has the right answer about that. I think it’s just the beginning..  |
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GreatOrchid
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January 09, 2018, 06:37:26 PM |
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Do not be fooled by the market cap. It is just a mere multiplication of the current price and the total circulating supply and nothing else. Thus, the market cap is not there to dictate the past, current, nor future price
The marketcap is the most easiest way to control the price and see if there are being some changes or not. I dont think the same as you... You should know that a lot of people are just following the price by the marketcap, in fact, i am doing exactly that. And if we take in consideration that bitcoin has decreased it's dominance, we should be much, much more scared. But bitcoin can go as far as it wants to. It is all depending on how much money are people looking to invest. |
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TeLlMeFrY
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January 09, 2018, 06:39:39 PM |
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I think that the price of Bitcoin will reach his maximum soon. I think that something around 100k USD is the true value of Bitcoin.
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Drnice
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January 09, 2018, 06:48:29 PM |
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How far can Bitcoin go guys? If the the Market Cap currently is $219 000 000 000, can Bitcoin ever be worth $200 000 000 000 with this market cap?
I am just curious, is the Bitcoin (or any coin) price caped by the Market Cap? Or the finite number of fiat money in the world?
Can a coin be worth more than it's market cap or can the value of a coin be equal with it's market cap if it's intensively traded/used?
The price of bitcoin cannot meet it's marketcap, and cannot suppass the marketcap. The growth in bitcoin price is caused by contious investors who comes into crypto currencies. And to the little I know, price rise = rise in market price |
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kueyen
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January 09, 2018, 06:53:05 PM |
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No one can say for sure, especially since there is a lot of uncertainty surrounding the crypto environment as a whole. But as a placeholder prediction, if everything goes alright, I'm thinking that eventually reaching $100K is not a dream.
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cryptomarijuana
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January 09, 2018, 06:53:47 PM |
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There is no limit in what BTC's far can go,but a decent portion of the world's total money is a good thing like 20-30% of the money in the world.
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cryptomorphines
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January 09, 2018, 09:10:56 PM |
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Well if you ask the experts it will be sky is the limit,because a lot of people are investing to BTC everyday.
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furry04
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January 09, 2018, 09:28:49 PM |
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The market cap of stock market and the forex is like a huge fortress compared to btc`s market cap and there is no reason why btc can`t go into 200.000.000 and reach that cap.
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integrap
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January 09, 2018, 10:23:12 PM |
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In my opinion nobody can estimate that how far bitcoin can go. It depends on people whether they will use it in real life or not. Otherwise everybody can say that bitcoin is a real balloon. So the most important question here is will people accept bitcoin and altcoins as a payment method in their real life.
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dogandogru
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January 09, 2018, 11:24:20 PM |
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If same high Txn fees remain than i don't feel that it can go too much far in term of market cap as old crypto-players start shifting to altcoin now.
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uncleduckerr
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January 09, 2018, 11:42:07 PM |
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If same high Txn fees remain than i don't feel that it can go too much far in term of market cap as old crypto-players start shifting to altcoin now.
Doubt txn fee will remain as high and my guess for the general ceiling right now for bitcoin is in the range of 400k-1million dollars per bitcoin. I say this amount because 400k is the amount to rival gold marketcap in the world which is at 8 trillion dollars. |
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