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minerpumpkin
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September 04, 2014, 09:38:07 PM |
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I'd be all in for it to have such a market cap today. But to be honest, the market cap of Bitcoin (and other currencies) doesn't really say that much. It definitely isn't a measure of how much money has 'gone' into Bitcoin. Even a much smaller amount would move Bitcoin's price a lot!
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I should have gotten into Bitcoin back in 1992...
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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ensurance982
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September 04, 2014, 10:00:28 PM |
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If you're looking at calculations of how much money may go into Bitcoin if several amounts (M1, M2, etc.) or fractions thereof are being represented by Bitcoin, you'll see that we would be in for an incredible market cap! I think 10b is still quite low for Bitcoins potential!
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Carra23
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Need a campaign manager? PM me
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September 04, 2014, 10:31:08 PM |
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It was 12 billion. It will cross that, though it will take time. Just relax.
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trackermut
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September 04, 2014, 11:09:18 PM |
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New all time high would be the magic number if by magic number the OP means media coverage ?
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exocytosis
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September 04, 2014, 11:31:28 PM |
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It was 12 billion. It will cross that, though it will take time. Just relax.
It was 13. And it won't ever get close to that again. |
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cbeast
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Let's talk governance, lipstick, and pigs.
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September 05, 2014, 12:07:26 AM |
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It was 12 billion. It will cross that, though it will take time. Just relax.
It was 13. And it won't ever get close to that again. That would almost be worth a wager, except terms like "ever" are too vague. Care to make that statement more specific, like within a timeframe? |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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polynesia
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September 05, 2014, 01:26:15 AM |
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You could also start publishing dates. Date at which bitcoin market cap will reach $10Bn, assuming the price remains unchanged.  |
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NapoleonBonaparte
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September 05, 2014, 01:41:55 AM |
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Bitcoin could easily reach 100B market cap once companies start paying workers in btc.
Don't forget a lot of the coin has gone missing and lost and the total supply of btc will be mined in just a few years.
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Corenin
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September 05, 2014, 01:54:51 AM |
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Bitcoin could easily reach 100B market cap once companies start paying workers in btc.
Don't forget a lot of the coin has gone missing and lost and the total supply of btc will be mined in just a few years.
Well, only if government legalise bitcoin, if not you can't pay your workers in btc. Its illegal.. |
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Gronthaing
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September 05, 2014, 02:43:39 AM |
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Don't forget a lot of the coin has gone missing and lost and the total supply of btc will be mined in just a few years.
Not the total supply of bitcoins, but at least the majority of them. If nothing changes in the code, I think all the coins should only be mined by around 2140. |
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mmortal03
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September 05, 2014, 08:01:26 AM |
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According to coinmarketcap.com, the peak was $13,581,426,363.75.
$13,581,426,363.75 / 13,227,375 = $1026.77
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zadiume
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September 05, 2014, 04:28:44 PM |
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Ok I got the magic number but when we will reach again that price?
October 12th 2014 Nice, but I say december 12th 2014  |
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Gronthaing
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September 05, 2014, 04:38:38 PM |
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Ok I got the magic number but when we will reach again that price?
October 12th 2014 Nice, but I say december 12th 2014 And would any of you say why? Anyone can throw out dates like that, but is there anything happening around that time that would give you the idea bitcoin is going up? |
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micky123
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September 05, 2014, 04:41:45 PM |
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Ok I got the magic number but when we will reach again that price?
October 12th 2014 Nice, but I say december 12th 2014 And would any of you say why? Anyone can throw out dates like that, but is there anything happening around that time that would give you the idea bitcoin is going up? I guess this is just speculation. I believe that BTC price will fall around December and just before as people start cashing out for the festive season. Expect a surge in prices only post the holiday season IMO. We need to be patient and hold fort, post the holiday season, i see the price climbing and going up higher around March due to salary increments which are due round about then. My 2 satoshi! |
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mmortal03
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September 05, 2014, 07:39:10 PM |
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Ok I got the magic number but when we will reach again that price?
October 12th 2014 Nice, but I say december 12th 2014 And would any of you say why? Anyone can throw out dates like that, but is there anything happening around that time that would give you the idea bitcoin is going up? I guess this is just speculation. I believe that BTC price will fall around December and just before as people start cashing out for the festive season. Expect a surge in prices only post the holiday season IMO. We need to be patient and hold fort, post the holiday season, i see the price climbing and going up higher around March due to salary increments which are due round about then. My 2 satoshi! In 2011, there was a big pump from the middle of November through the middle of January. In 2012, there was a good upswing in November, then it was flat through December, then started to shoot to the moon the first week of January. In 2013, it actually shot up all the way to the current ATH by November 30th, then started to slide in December. So, I really see no historical evidence from the last three years that definitively backs up the idea of people "cashing out for the festive season". |
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Kprawn
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September 05, 2014, 07:57:40 PM |
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I actually predict a further drop in the price over December, when hoarders start buying Xmas gifts and exchanges are flooded with more coins.  Only thing that would stop that from happening, is if many more new consumers start to switch to BTC increasing the demand. |
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vitalemontea
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September 05, 2014, 08:27:26 PM |
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Makes no sense whatsoever
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kashish948
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September 06, 2014, 01:01:12 AM |
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10 billion dollar market cap is pretty low for me!
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grappa_barricata
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playing pasta and eating mandolinos
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September 06, 2014, 02:28:30 AM |
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What about the number of pirates? It has been shown to be statistically correlated to the price of various commodities... perhaps we should all start drinking grog.
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Fortune cannot take away what she has not given.
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jabo38
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mining is so 2012-2013
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September 09, 2014, 10:40:59 AM |
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Instead of tracking a 10B market cap, you could track something like the market cap of various tech and money transfer companies. You should also use all 21 million coins in your magic number, since people already know they will exist and the market has theoretically already corrected for their presence.
Market Cap = 1 BTC price
MoneyGram = $36
Western Union = $440
Twitter = $1,380
GLD ETF = $1,538
SPY ETF = $8,231
Facebook = $9,517
Apple = $29,454
Gold = $352,525 Tax haven bank accounts = $1,428,571 (Source: RunToGold.com) I love both of these posts. The first considers Bitcoin as a technology and/or service and the second as money. I think this is part of the problem with bitcoin. Is it money, is a service, is a platform, and ecosystem? Well...... the answer is it is all of these things, but the trick is to understand where it will draw its underlying value. |
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