bitmover (OP)
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May 19, 2020, 01:23:41 AM Last edit: May 19, 2020, 01:36:40 AM by bitmover |
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I found this very interesting website with some cool images. All images from visualcapitalist.com https://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/World debit is my favorite lol So much room for bitcoin to grow. Edit: It would be boring to put derivatives graphic here, as it is too big
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jackg
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May 19, 2020, 01:30:41 AM |
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There's a lot of room for bitcoin to grow but there's a question of how far it actually will... The derivatives market at the bottom of that site is also huge, that could inflate bitcoin (although it's harder to do than with other assets but telling someone you'll take care of what they have - like Central governments did with gold - could have a massive impact).
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milandres0207
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May 19, 2020, 04:59:31 AM |
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For me, bitcoin is much better than the real money at the moment. Because of the volatility, it became an advantage of bitcoin to other real currencies. It also became an opportunity for everyone who wants to earn or to have savings in the future as well. This might be the reason why it became big to them although so far it was a virtual currency.
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ultrloa
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May 19, 2020, 05:24:07 AM |
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For me, bitcoin is much better than the real money at the moment. Because of the volatility, it became an advantage of bitcoin to other real currencies. It also became an opportunity for everyone who wants to earn or to have savings in the future as well. This might be the reason why it became big to them although so far it was a virtual currency.
In investments you can actually fiat many has wide range option since you can use it everywhere but if you mention on trading well bitcoins is totally good since the volatility is much promising compare if you trade it on fiat currency. But this talks about bitcoins comparison, growing up and other is long discussion since actually we don't know how things will go if bitcoin can even hold his dominance in future.
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mnporter2001
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May 19, 2020, 05:32:47 AM |
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For me, bitcoin is much better than the real money at the moment. Because of the volatility, it became an advantage of bitcoin to other real currencies. It also became an opportunity for everyone who wants to earn or to have savings in the future as well. This might be the reason why it became big to them although so far it was a virtual currency.
but there are more people who lose money for bitcoin. Do you think buying low and sell high is easy? never! There have been a lot of people losing money because of bitcoin and even their entire assets. This is the toughest market I've ever known, whales constantly manipulate prices and make every rule no longer valid. We need to learn more about financial trading if we don't want to lose money when investing in Bitcoin.
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Wind_FURY
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May 19, 2020, 05:39:44 AM |
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There's a lot of room for bitcoin to grow but there's a question of how far it actually will... The derivatives market at the bottom of that site is also huge, that could inflate bitcoin (although it's harder to do than with other assets but telling someone you'll take care of what they have - like Central governments did with gold - could have a massive impact).
I believe very far. 6-digit, or more. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Bitcoin didn't grow in value from mere pennies, to an all-time-high of $20,000, by accident. What it showed was a possibility. A possibility that a decentralized system, independent of the current financial system, could suck only a "small portion" of total fiat in circulation, but take it to a 5-digit price.
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PaySpace
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May 19, 2020, 05:51:55 AM |
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For me, bitcoin is much better than the real money at the moment. Because of the volatility, it became an advantage of bitcoin to other real currencies. It also became an opportunity for everyone who wants to earn or to have savings in the future as well. This might be the reason why it became big to them although so far it was a virtual currency.
Agree, fiat money has become more volatile and this may give a new impetus to the growth of cryptocurrencies.
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fiulpro
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May 19, 2020, 05:59:55 AM |
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https://bitcointalk.org/index.php?topic=5249398.0This is the topic that I started based on the same grounds ,it does have some useful data regarding the Bitcoins and economic correlation if you wanna check it out , I do think it is very good that the community members are actually concerned about the potential of Bitcoins and other cryptocurrencies being used at its best. It is one thing , using cryptocurrencies, but it is another being a concerned member of the society. We have not yet reached the full potential of Bitcoins. Fiat is not stable , not for the time being , people are running out of the market . It is really inevitable , the next time any pandemic strikes the government so gonna crash hard .. Cryptocurrencies are actually helping people with jobs and government sector is making them jobless . I do think we have reached a point where people can already see what is more beneficial for them . World debt is going to kill the economy in the upcoming years and that would be the end of everything, people will starve until and unless they start exploring other options. We should share the knowledge of cryptocurrencies with people we meet or chat. Remember that it's something that will grow on Sharing.
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bitmover (OP)
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May 19, 2020, 10:29:57 AM |
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https://bitcointalk.org/index.php?topic=5249398.0This is the topic that I started based on the same grounds ,it does have some useful data regarding the Bitcoins and economic correlation if you wanna check it out , I do think it is very good that the community members are actually concerned about the potential of Bitcoins and other cryptocurrencies being used at its best. Nice post. Basically same information, but you missed those fancy infographics ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) What I found most impressive here is the amount of debit.... Additionally, gold is enormous, I didn't expected it to be so big compared to bitcoin.
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Lucius
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May 19, 2020, 11:09:20 AM |
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It is a well-known fact (at least for me) that Bitcoin (its value) is almost insignificant in relation to how you say "all the world's money". All mined Bitcoin at present worth about $180 billion, and only gold value is measured in trillions ($8 trillion more or less), while the whole fiat is worth about $90 trillion.
Like it or not, Bitcoin is almost at the bottom of it all - but it should be noted that it was created only 11 years ago, and that it is actually at its beginning. Only $1 trillion relocated to BTC would increase its price to $50 000, and if we take hundreds of trillions in all world markets, that would be an almost imperceptible figure.
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bitmover (OP)
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May 19, 2020, 11:20:56 AM |
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It is a well-known fact (at least for me) that Bitcoin (its value) is almost insignificant in relation to how you say "all the world's money". All mined Bitcoin at present worth about $180 billion, and only gold value is measured in trillions ($8 trillion more or less), while the whole fiat is worth about $90 trillion.
Like it or not, Bitcoin is almost at the bottom of it all - but it should be noted that it was created only 11 years ago, and that it is actually at its beginning. Only $1 trillion relocated to BTC would increase its price to $50 000, and if we take hundreds of trillions in all world markets, that would be an almost imperceptible figure.
Exactly. If Bitcoin become something as large as Apple or google or amazon facebook (which is not that unlikely, as they are all internet companies) it would become like 5-10x more valuable. These infographics illustrate take nicely
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DoublerHunter
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May 19, 2020, 12:01:56 PM |
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^ Definitely there is a huge room for Bitcoin or any cryptocurrency to grow the economy for it has tons of advantages compared to fiat money or currencies that we are using nowadays. Aside from the fact that bitcoin and cryptocurrency are decentralized, it has the potential of replacing fiat money when it comes to online transactions regardless of what country you are from. With just these two factors it can succumb fiat or the existing currencies in the market.
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Botnake
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May 19, 2020, 01:10:39 PM |
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I would like to believe that bitcoin will grow in the future, this is a currency and investment that anyone can use. it's a global currency, so it should be bigger than a currency of the certain nation, if some experts believe that bitcoin will rise $100K to $1 million, then we should expect it will make the founder and the big holders one of the richest in the world if not the richest.
Making satoshi to be the richest in the world would already put bitcoin in the map and it will lead to big adoption.
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beerlover
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May 19, 2020, 08:04:40 PM |
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I always love "worlds debt" thing whenever it is said ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) . Like who do we owe to? Do we owe to mars? Is it sun because it gave us life? Should we pay the Sun that much money to keep firing? Who the hell does the earth owe to? There are not that many places that will take it, there are more debts in the world that there are places owed, so it makes no sense at all, there is no mathematically possible way to pay all the debt back, if some people do, there are not enough for others to do it. In any case, crypto doesn't have to be big like these, companies are fine, richest people are fine, but we do not need to be bigger than US stock markets for example, reaching to that 50 richest people level would be more than enough for us to actually be big enough for us.
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bitbunnny
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May 19, 2020, 08:27:32 PM |
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I always love "worlds debt" thing whenever it is said ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) . Like who do we owe to? Do we owe to mars? Is it sun because it gave us life? Should we pay the Sun that much money to keep firing? Who the hell does the earth owe to? There are not that many places that will take it, there are more debts in the world that there are places owed, so it makes no sense at all, there is no mathematically possible way to pay all the debt back, if some people do, there are not enough for others to do it. In any case, crypto doesn't have to be big like these, companies are fine, richest people are fine, but we do not need to be bigger than US stock markets for example, reaching to that 50 richest people level would be more than enough for us to actually be big enough for us. Well, I think that by world debt a whole debt of all countries among each other is meant. However, that is not so relevant for this topic. Yes, Bitcoin has big potential but still very small number of people in.the world is using it, as well as other cryptocurrencies. Also, Bitcoin has many limitations and currency that has limited number of units, that is so volatile and unstable isn't designed to support whole economy and financial system. But it can exist.along with fiat money and it can develope further, using its advantages to attract more users and adopters. So far Bitcoin is still on the level of personal use but when it comes to businesses and financial system, this is another, not so successful story.
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FanatMonet
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May 19, 2020, 10:32:20 PM |
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Regarding many large campaigns, cryptocurrencies can not yet boast of something serious. But I hope that soon they will be comparable with companies such as Apple, Microsoft and the like. Then it will be a great opportunity to demonstrate their capabilities to ordinary people.
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Lucius
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May 20, 2020, 10:34:04 AM |
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If Bitcoin become something as large as Apple or google or amazon facebook (which is not that unlikely, as they are all internet companies) it would become like 5-10x more valuable. These infographics illustrate take nicely
I personally would not compare Bitcoin with Apple or Facebook, these are companies that sell devices or provide social networking services, which is completely different from what Bitcoin is. The simplicity factor should also be taken into account, because it is very easy to create an FB account and virtually hang out with friends, or go to the store and buy an Apple device. As a result, FB has about 2.6 billion users (data from Q1 2020), and Apple is sold 1.5 billion iPhones since 2007 when the device came on the market. The simplicity factor is something that is definitely not in favor of Bitcoin, because in order for someone to use it he must have certain knowledge and skills. Consequently, the number of crypto users is still very small and according to the most optimistic estimates, it is around 1% of the world's population (slightly less than 80 million). Of course, these numbers come from the analysis of generated BTC addresses (which is completely meaningless), but also from the data of leading crypto exchanges. Coinbase is claim to have 30 million unique users, and blockchain wallet show it has almost 50 million created wallets so far.
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boyptc
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May 20, 2020, 12:11:29 PM |
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So much room for bitcoin to grow.
They don't see it now but once bitcoin shows another all time high, eyes will be on it again. The global debt will never be paid. US' debt ticks like a time bomb. --> https://www.usdebtclock.org/I always love "worlds debt" thing whenever it is said ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) . Like who do we owe to? Do we owe to mars? Is it sun because it gave us life? Should we pay the Sun that much money to keep firing? Who the hell does the earth owe to? Hahaha, I've heard of this like a meme.
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Gozie51
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May 20, 2020, 04:37:26 PM |
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The money that is generated through bitcoin is no where near the world's money put together at least for now until it grows. If you calculate the current btc price on the circulating supply minus the lost btc , you see it goes nowhere near world's money. The capitalization too to forex trade is still lower. Bitcoin as this comparison is like a business angle that makes up the world's business too.
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Kasabus
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May 20, 2020, 08:53:09 PM |
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Only one brick for cryptocurrency each and I’m glad to see ETH along with BTC, well this can still be considered as a new one and not bad at all because we can still grow over time. The global debt is crazy, and I believe it will continue to rise especially now that many countries borrows some funds to fight the pandemic. As we can see, there’s a lot of investors who invest on gold because of its good value, jewelry is a nice investment too.
Gold is really an all time favorite investment of people even before but with the new technology that has risen, cryptocurrency like bitcoin is something new that will have a huge impact in the future. Bitcoin has still a big room to grow and even if it cannot compete with the current big companies like amazon or apple, i think bitcoin is still a good choice with great potential as an investment.
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