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Lorenzo (OP)
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July 18, 2014, 11:30:02 AM |
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Bitcoin's market cap is often compared to that of companies like Facebook and Apple. Pushing this company analogy further, isn't it true that many companies have had relatively stable market caps for years to decades? Microsoft's market cap barely changed between 2000 and now. Sony's market cap has been going sideways since 2002. Would it be possible for Bitcoin's market cap to stop growing and stay at the present level forever?
Bitcoin would still continue to exist as an alternative currency for the Internet, of course. And with a stable value, it would be a positive thing in terms of its use as a currency and a store of value.
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maker88
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July 18, 2014, 12:11:41 PM |
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Bitcoin's market cap is often compared to that of companies like Facebook and Apple. Pushing this company analogy further, isn't it true that many companies have had relatively stable market caps for years to decades? Microsoft's market cap barely changed between 2000 and now. Sony's market cap has been going sideways since 2002. Would it be possible for Bitcoin's market cap to stop growing and stay at the present level forever?
Bitcoin would still continue to exist as an alternative currency for the Internet, of course. And with a stable value, it would be a positive thing in terms of its use as a currency and a store of value.
they're market caps stagnated because of a competitive force taking market share. in 2000 apple made its triumphant comeback with the iPod and then the iPhone. microsoft had nothing to compete. bitcoin has no real competition(no alt coins are not competitive with bitcoin) |
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micalith
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July 18, 2014, 12:32:10 PM |
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The market cap could stay stable if everyone decided to only use BTC for money transfer, exchanging to and from fiat currencies at either end of the transfer. I don't see that happening.
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notme
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Activity: 1904
Merit: 1002
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July 18, 2014, 12:32:42 PM |
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Bitcoin's market cap is often compared to that of companies like Facebook and Apple. Pushing this company analogy further, isn't it true that many companies have had relatively stable market caps for years to decades? Microsoft's market cap barely changed between 2000 and now. Sony's market cap has been going sideways since 2002. Would it be possible for Bitcoin's market cap to stop growing and stay at the present level forever?
Bitcoin would still continue to exist as an alternative currency for the Internet, of course. And with a stable value, it would be a positive thing in terms of its use as a currency and a store of value.
they're market caps stagnated because of a competitive force taking market share. in 2000 apple made its triumphant comeback with the iPod and then the iPhone. microsoft had nothing to compete. bitcoin has no real competition(no alt coins are not competitive with bitcoin) Good point. Could Bitcoin's market cap stall? Absolutely. Will it? Doubtful. |
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Ibian
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July 18, 2014, 12:43:53 PM |
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maff says no
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Look inside yourself, and you will see that you are the bubble.
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Torque
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July 18, 2014, 12:50:02 PM |
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No
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jcoin200
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July 18, 2014, 01:24:09 PM |
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Really doubt it, if it doesn't continue to grow merchants will probably not continue to accept btc, and naturally its use as a currency will decline.
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theonewhowaskazu
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July 18, 2014, 04:42:46 PM |
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I doubt it. Even with the entire currency fractional reserved x10, you still get only the equivalent of $80 Billion, if merchant adoption continues you're going to need at least 100 times that to have a market cap large enough to make a dent in global trade.
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beetcoin
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July 19, 2014, 12:21:09 AM |
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it's not going to happen, and if it were, that would mean that the price of bitcoin would be going down steadily, since new coins are mined every day. the longer that bitcoin goes unchanged, the more you might see weak hands cashing out. i mean, if bitcoin is still sitting at around $620 in a year, i'd think more people would be concerned.
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Raystonn
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July 19, 2014, 01:01:56 AM |
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But clearly mBTC is in no bubble. Look at that low price! Under a dollar!
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rograz
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July 19, 2014, 02:04:39 AM |
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2 years ago most of them would have said "bitwhat?", making progress! |
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maker88
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July 19, 2014, 02:12:01 AM |
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they always think that, until it starts going up again, then they throw caution to the wind and jump on the train. |
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K128kevin2
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July 19, 2014, 02:48:35 AM |
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I don't see how it would even be possible for bitcoin market cap to stay where it is right now. Bitcoin is not going to stay in its current state for much time at all. Bitcoin is either going to continue to rise (most likely) or fail for some reason and crash. As more companies (like Dell) begin to accept bitcoin and bitcoin become more well known, more people will invest and start using it, thus raising the market cap. Furthermore, as more people become tech-savvy there will be more people interested in bitcoin.
I don't think there's any chance of bitcoin market cap being at $8 billion one year from now. I think it will be higher.
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freedomno1
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Learning the troll avoidance button :)
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July 19, 2014, 02:56:39 AM |
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No It just feels like its been here forever since were used to jumps https://blockchain.info/charts/market-capWe might see 12 billion again soon though since Bitcoin has been seeing a lot of positive news to shore up sentiment. |
Believing in Bitcoins and it's ability to change the world
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falllling
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July 19, 2014, 03:08:41 AM |
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i consider bitcoin a failure when it can't even get past $650
we need orders of magnitude more to be able to be called anything of value in a world where trillions mean nothing anymore.
lets talk about "stability" when/if it gets to $50,000.
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Honeypot
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July 19, 2014, 04:16:49 AM |
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No. At least. not for its successors.
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Cicero2.0
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★☆★Bitin.io★☆★
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July 19, 2014, 04:25:50 AM |
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We don't need metoric growth. The recent period of relative stability is a good trend. Volatility is bad if we want bitcoin to become a major meduim for exchange. Also the longer it stays low the easier it is for noew adapters to get into the market.
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Benjig
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July 19, 2014, 04:41:25 AM |
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Yeah 8 billion market cap is tiny, dont forget that we dont are a company, bitcoin is money itselft, his market cap should be huge.
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Raystonn
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July 19, 2014, 04:44:49 AM |
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Try not to worry about it. Encourage adoption throughout the world. Once that happens, a very high price will naturally occur. There will be no way anyone could hold it back, regardless of how many coins they have. Ignore the small swings created by traders, and just hold until we get beyond the vertical portion of the adoption S curve. Once we reach that point, you won't want to sell anyhow, ever.
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