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Topic: Bitcoin $1Trillion Market Cap questions - page 2. (Read 273 times)

hero member
Activity: 2254
Merit: 831
February 18, 2021, 01:37:10 AM
#12
Still thinking how did Apple doubled its marketcap in just 2 years  Shocked ?
Companies create more stocks to bonus their staffs, investors, etc. Price of stocks usually fall after a new flow of stocks are available on the market. With bitcoin, you won't see it as bitcoin has its fixed total supply. None of us can create more bitcoin than about 21 millions of bitcoin were set up to be created by satoshi nakamoto.

Bitcoin need to double its price to double its marketcap. It sounds like to be a harder task for bitcoin, than any stock or company but I see it is possible task. One more block halving, price will be double and marketcap will be more than double.
hero member
Activity: 2184
Merit: 585
You own the pen
February 18, 2021, 01:21:43 AM
#11
Bitcoin has a low supply any increased demand will push the price up. The greater the demand, the more expensive the existing quantities will be, because their price will rise and the market capacity will increase.

There is a limit for Bitcoin to rally. The maximum we can predict is $ 210,000, and some believe it will increase.
Increasing the market capacity of Bitcoin will force many companies to buy it instead of dollars.

As of now, we can say that the price will continue to increase because of the demand. After those big-time investments have occurred in the last few months, The price has continued to increase more than our own expectation. most of the investors have speculated that the price will finally reach $100k soon because of its current state in the market. It's increasing every day you know? It just simply means that the bitcoins market is going stronger every day and there is no reason for it to stop soon.
legendary
Activity: 3220
Merit: 1344
Leading Crypto Sports Betting & Casino Platform
February 18, 2021, 12:50:04 AM
#10
Tesla, in its statement has made it clear that they may purchase Bitcoin from time to time. So the $1.5 billion purchase in January 2021 is not going to be the last one. And despite what JP Morgan claim, a number of larger and mid-sized corporations are exploring the possibility of converting some of their cash reserves to assets such as Bitcoin and bullion. The impact will be visible from the second half of this year.

And there is a very important thing to remember. OP says that you need a fund inflow of $1 trillion to take the market cap from $1 tr to $2 tr. That is wrong and that's not how the market works. You need only a fraction of that amount, because most of the Bitcoin circulating supply is held away from free-float in cold storage. The amount of coins available for free-float is much less. All you need is to mop up the coins that are in free-float, and it may take $100 billion or less.
legendary
Activity: 4214
Merit: 4458
February 17, 2021, 02:25:16 PM
#9
Okay it took Bitcoin 12 years to reach up to around $1trillion market cap.
Apple reached $1trillion marketcap in 2018 and doubled it to $2trillion in 2020 in just 2 years!
What will it take for Bitcoin to double its marketcap to $2trillion resulting in $100k for each btc this year?
Where the extra $1000billion will come from to make this happen? Okay Elon Musk spent $1.5b but that leaves $998.5 billion left to go right?


lesson one:
a market cap is not actually a bank account that holds $1trill to be collteral for the market cap
a market cap is the price of a single bitcoin multiplied by how many bitcoins exist.

meaning. i can make a altcoin with 20trillion premine coin. and sell just 1 coin to a friend for just $1.
and by that single $1 purchase id get a market cap of $20trillion.
yep even with just $1 involved in all trades. it creates a $20 trillion market cap

lesson 2
if we changed the markets to not have order lines of
$50,000.0001
$50,000.0002
meaning it takes 1000 people to out bid each other just to raise the price by $1
and instead have orderlines that spread by
$50.000
$50,001
then it only takes one person to outbid another person to raise the price by $1
and guess what

lesson 3
those orderlines do not need to be filled with whole bitcoins
there can be orderlines of
$50,000: 0.00001btc ($0.50c)
$50,001:0.00001btc($0.50c)

meaning just 50cents can move the price by $1
meaning it only takes $25k to move the price from $50k to $100k
meaning if all the idea's i just said are implemented the market cap can move to $2trill for just $25k

.
i hope these lessons make you realise the emptiness of the 'market caps' value

full member
Activity: 1428
Merit: 129
The first decentralized crypto betting platform
February 17, 2021, 02:18:40 PM
#8
~
Apple reached $1trillion marketcap in 2018 and doubled it to $2trillion in 2020 in just 2 years!
What will it take for Bitcoin to double its marketcap to $2trillion resulting in $100k for each btc this year?
Where the extra $1000billion will come from to make this happen? Okay Elon Musk spent $1.5b but that leaves $998.5 billion left to go right?

How many people in the world are against Apple?
How many celebrities are there who say that iPhone is fake?
How many governments have banned Apple iPhones?

Really you can't understand what will take Bitcoin to double its market cap to $2trillion? then listen, it's BTC's limited 21milion supply and vast adoption that will take us more than $2trillion market cap.

According to statista we reached over 67 million active Bitcoin wallet user within February 2021, which was only 23 million in Feb 2018. Can you estimate how much adoption and users are increasing per year even where most of the govt and banks are actively struggling against Bitcoin?
legendary
Activity: 3066
Merit: 1049
Eloncoin.org - Mars, here we come!
February 17, 2021, 01:59:18 PM
#7
Okay thanks for explaining marketcap.

Still thinking how did Apple doubled its marketcap in just 2 years  Shocked ?

Sounds like they are using slaves for their labour & increasing prices of their iphones yearly to explain that doubling in marketcap then?

Apple has about 17 billion shares in circulation compared to bitcoin 21million. This means as of now every man, woman, child & baby on this planet can own about 3 apple shares each worth about $390 now. I even doubt there's enough real fruit apples as of now for every human on this planet let alone 3 apples each as thousands are dying of starvation daily globally and they cost cents each per fruit Sad  Surely there cant be a supply issue between 2018-20 to cause Apple market cap to double right?


the average people learned about Apple and its product. it is also in the regulated market which anyone who is into trading will likely bid to it. It can easily grow because it's popular. not need of explaining what apple product is but for BTC, regular people don't even understand its tech and the media represented it as a scam that up to this day people still doubt despite the price keeps pushing up.
legendary
Activity: 1134
Merit: 1597
February 17, 2021, 01:31:09 PM
#6
Where the extra $1000billion will come from to make this happen? Okay Elon Musk spent $1.5b but that leaves $998.5 billion left to go right?
Market cap is the total value of Bitcoins under circulation, according to the price it's currently sitting at. If Bitcoin's mcap suddenly dropped by $100B, it does not mean $100B worth of BTC have been sold. It's just the price dropping.

Did the corona virus helped Apple to double its marketcap because the forced lockdowns meant more people needed to buy iphones to keep in touch with friends & family?
Why iPhones? There are so many other phones available for sale on the market - if someone did not have a smartphone yet until the quarantine came, I'd assume they are very, very poor. And in that case, they would not afford buying one of the most expensive phones out there.

There's about £2Trillion helicopter money coming soon from the federal reserve printers, how much of this do you guys think from retail investors will go into bitcoin?
I think a lot of money will be pumped into BTC these years. People are starting to finally get it. We finally get a bit of the attention we deserve, and it's looking good overall no matter from which side you're watching. I just hope it's not a trap for us - so far, so good!

Out of the $2 trillion, I'd estimate around 5% of it going into Bitcoin. I think that's a good estimate if we consider that the number of Americans owning a cryptocurrency was, according to a survey, 14.4% in 2019. If we estimate that around 5% of the Americans will push their stimulus into BTC, that is $100B already.

But that remains to be seen. From 2019 to 2021, the crypto community has grown a lot. Things may look wilder than we estimate.



Sounds like they are using slaves for their labour & increasing prices of their iphones yearly to explain that doubling in marketcap then?
Cheap labor, cheap materials, increasing product prices and yet removing features (chargers..).. and so on. All things considered, they're able to make a ton of money out of it yet people still buy their products although the most important parts of them (the power source....) is intentionally removed.

The conditions under which Apple's labor is happening are disgusting. There have been lots of suicides reported, from Steve Jobs' administration 'till these days.

There have even been safety nets placed on the buildings to protect workers from killing themselves. This is how bad it got.

Surely there cant be a supply issue between 2018-20 to cause Apple market cap to double right?
This isn't the right board for your question.. consider asking this in a more fitting board instead.
hero member
Activity: 1862
Merit: 830
February 17, 2021, 01:24:02 PM
#5
Okay it took Bitcoin 12 years to reach up to around $1trillion market cap.
Apple reached $1trillion marketcap in 2018 and doubled it to $2trillion in 2020 in just 2 years!
What will it take for Bitcoin to double its marketcap to $2trillion resulting in $100k for each btc this year?
Where the extra $1000billion will come from to make this happen? Okay Elon Musk spent $1.5b but that leaves $998.5 billion left to go right?


Did the corona virus helped Apple to double its marketcap because the forced lockdowns meant more people needed to buy iphones to keep in touch with friends & family?

There's about £2Trillion helicopter money coming soon from the federal reserve printers, how much of this do you guys think from retail investors will go into bitcoin?
let's look at these one by one :
First of all bitcoins actually took a very less time to reach where they are right now , honestly I did not know about a company or a firm or an asset which showed such amazing results within such a short time.
Now the doubling right now would be more like exponential, because the more people adopt it the more it is used by others , therefore the growth won't be linear but exponential. More companies follow each other's suite.
Now when we are talking about virus :
Let's first talk about the virus and the bitcoins correlation!
Yes it did help in a very big way !! The virus showed the people how fragile our economy is and how the system would collapse if there was another blow like this and therefore I do think that it was indeed a big step towards people recognizing the need of financial freedom.
Lockdown and apple ! NO! I think it did not go like this for sure since the lockdown meant that people don't have much money to buy expensive phones so I do think people go for things like budget phones for sure.
sr. member
Activity: 1056
Merit: 270
February 17, 2021, 01:20:57 PM
#4
Okay thanks for explaining marketcap.

Still thinking how did Apple doubled its marketcap in just 2 years  Shocked ?

Sounds like they are using slaves for their labour & increasing prices of their iphones yearly to explain that doubling in marketcap then?

Apple has about 17 billion shares in circulation compared to bitcoin 21million. This means as of now every man, woman, child & baby on this planet can own about 3 apple shares each worth about $390 now. I even doubt there's enough real fruit apples as of now for every human on this planet let alone 3 apples each as thousands are dying of starvation daily globally and they cost cents each per fruit Sad  Surely there cant be a supply issue between 2018-20 to cause Apple market cap to double right?



member
Activity: 490
Merit: 31
There is gold in volatility..
February 17, 2021, 01:19:18 PM
#3
Okay it took Bitcoin 12 years to reach up to around $1trillion market cap.
Apple reached $1trillion marketcap in 2018 and doubled it to $2trillion in 2020 in just 2 years!
What will it take for Bitcoin to double its marketcap to $2trillion resulting in $100k for each btc this year?
Where the extra $1000billion will come from to make this happen? Okay Elon Musk spent $1.5b but that leaves $998.5 billion left to go right?


Did the corona virus helped Apple to double its marketcap because the forced lockdowns meant more people needed to buy iphones to keep in touch with friends & family?

There's about £2Trillion helicopter money coming soon from the federal reserve printers, how much of this do you guys think from retail investors will go into bitcoin?

My thought will amaze you. i like this thread because it look at bitcoin optimistically.

An invention of 2008 is almost $1trn worth, what an amazing invention by forsighted entrepreneurs.

If it takes few months for btc to rise from $15k to 50k it will take less than 1 year for btc to rise to $100k becuase of hat is called the domino effect and the networking effect.

The more institutional investors and pulic companies adopt it, the more it will spread, thereby producing a network and domino effect in a positive way.
legendary
Activity: 2954
Merit: 2145
February 17, 2021, 12:58:09 PM
#2
What will it take for Bitcoin to double its marketcap to $2trillion resulting in $100k for each btc this year?
Where the extra $1000billion will come from to make this happen? Okay Elon Musk spent $1.5b but that leaves $998.5 billion left to go right?[/b]


No, this isn't how market and marketcap works. Marketcap is just price * supply, and price can easily reach high values as long as people refuse to sell. Imagine for a second that everyone removed their sell orders on exchanges and don't put any new orders. Bitcoin's price would go through the roof. It's just a hypothetical scenario, but at last stages of the bubble something like that can be observed - the price rises very quickly and people stop selling waiting for it to rise even more, which in turn makes the price grow even faster.


Did the corona virus helped Apple to double its marketcap because the forced lockdowns meant more people needed to buy iphones to keep in touch with friends & family?

No. You can communicate with people via old iPhone just as fine.
sr. member
Activity: 1056
Merit: 270
February 17, 2021, 12:47:40 PM
#1
Okay it took Bitcoin 12 years to reach up to around $1trillion market cap.
Apple reached $1trillion marketcap in 2018 and doubled it to $2trillion in 2020 in just 2 years!
What will it take for Bitcoin to double its marketcap to $2trillion resulting in $100k for each btc this year?
Where the extra $1000billion will come from to make this happen? Okay Elon Musk spent $1.5b but that leaves $998.5 billion left to go right?


Did the corona virus helped Apple to double its marketcap because the forced lockdowns meant more people needed to buy iphones to keep in touch with friends & family?

There's about £2Trillion helicopter money coming soon from the federal reserve printers, how much of this do you guys think from retail investors will go into bitcoin?
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