Bitcoin hit 1 trillion dollars marketcap - page 3.

worldofcoins

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Quote from: Oshosondy on February 19, 2021, 05:39:09 PM

This is the first time ever bitcoin reached 1 trillion marketcap in dollars, this proves bitcoin as the new age asset. In just 11 years, bitcoin hit 1 trillion dollars. I have just checked this on coinmarketcap. The price of bitcoin at the time is $55,5329 and with a marketcap of 1.03 trillion dollars. Institutions and many people are buying bitcoin which makes its marketcap to reach this great value.

Same as when bitcoin hit 20k then went downwards back then.
The same's happening with the market cap it'll break that limit in the future and I'm sure bitcoin will at some point cross 100k

Yaunfitda

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Quote from: Obito on February 27, 2021, 03:43:01 AM

Quote from: ?? on ??

Analysts believe that there is no limit to the value of Bitcoin today. And it is already becoming customary to watch how BTC updates its ATH almost weekly. It is certainly surprising that for three years the price of Bitcoin has been kept within 20K, and since January 2021 it has doubled. Roll Eyes

Analysts can say anything they want but the numbers don't lie. With just basic supply and demand, anyone can easily deduce that bitcoin has a limit and we can't just exaggerate everything about bitcoin, it has limitations and being vain about it will not solve the problem. 2020-2021 was a different year than the other previous years of bitcoin market, there is less institutional investors back then compared today which is evident with the prices right now.

Yes, numbers don't like, but still based on the basic law of economics: supply and demand.
Exaggeration is good though, the price can go $100k-$1 million and that is good for the market in my opinion. As it create an illusion this early, and think that it is not achievable, but today it seems that we are just knocking on the 6 digit range. Fueled by institutional investors. Of course as the price swell, the growth might slow down as well, but as the saying goes, 'everything is possible in this very volatile market'. Perhaps in the next 4 years, bitcoin's narrative will be different.

Obito

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Quote from: ?? on ??

Analysts believe that there is no limit to the value of Bitcoin today. And it is already becoming customary to watch how BTC updates its ATH almost weekly. It is certainly surprising that for three years the price of Bitcoin has been kept within 20K, and since January 2021 it has doubled. Roll Eyes

Analysts can say anything they want but the numbers don't lie. With just basic supply and demand, anyone can easily deduce that bitcoin has a limit and we can't just exaggerate everything about bitcoin, it has limitations and being vain about it will not solve the problem. 2020-2021 was a different year than the other previous years of bitcoin market, there is less institutional investors back then compared today which is evident with the prices right now.

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Quote from: CarnagexD on February 19, 2021, 06:36:20 PM

Quote from: boyptc on February 19, 2021, 06:04:39 PM

Before, there's not much attention to bitcoin and if they do, it's all about the negativities. But it's getting noticed now by most of the mainstream media. Just as these fresh news from bloomberg and reuters.

--> https://www.reuters.com/article/us-crypto-currency-bitcoin/bitcoin-steams-to-new-record-and-nears-1-trillion-market-cap-idUSKBN2AJ0GC
--> https://www.bloomberg.com/news/articles/2021-02-19/bitcoin-nears-1-trillion-value-as-crypto-jump-tops-other-assets

This is bound to happen, people will catch wind of thsi eventually and if the media doesn't cover cryptocurrency, a lot of the people will be missing out on something very important, and of cpurse their integrity will be put on the line.

Although the media is not obliged to do it.

And as long as they can have a content and coverage for us topic, there will be still a reach for them. They don't cargo the people if they're missing a lot, it's not on them.

But it's on those people that are missing it out.

Furious 7

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Every day the movement of bitcoin is increasing, the current price of $ 57.3k with a markecap of 1.06 trillion is not impossible with large institutions going to switch to bitcoin as full as seeing such a sharp movement, this is because Telsa has invested heavily so the increase has occurred with the greatest market capitalist in history.
In fact, every day bitcoin always becomes ATH, then other altcoins also follow this. This is the right way in which big companies always contribute to bitcoin.

pakhitheboss

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I joined the Bitcoin band wagon in 2017 and by 2018 I was part of this forum. From the date I joined the forum till today I have neve seen so much celebration and happiness among members.

As this is the fourth topic I have seen about Bitcoin accomplishment of reaching a market cap of trillion dollar.

Looking at the way it is being traded in the market I assume many more new records will be created by Bitcoin this year.

so98nn

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Yeah congrats to Satoshi and the followers of bitcoin!! That’s a tremendous success for any asset. The more exciting thing is, as the bitcoin growing in its market cap, the liquidity is huge while volatility is dropping constantly. The trillion dollar market cap now gonna make a difference by attracting more investors, the process of which is already started.

I could imagine that after 10 years bitcoin would be status symbol in the world of crypto currency. That’s just random year because it will have its 2 decades completed by then.

Imagine bitcoin with 3-4 trillion dollar market cap then. #excited #trilliondollarbtc

panganib999

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Quote from: k@suy on February 20, 2021, 07:20:30 AM

This is a great milestone of bitcoin I hope wherever Satoshi Nakamoto right now, I hope he is very happy and contended now, with this amount of bitcoin I am sure that bitcoin will be soon be adapted by banks and hope that government will not restrict nor regulate it and put too much taxes on it, more and more scammers will use this card to scam and deceive people to get their money.

Bitcoin have been through a lot of struggles. I think bitcoin gain its new progress each and everyday because we all know that all of this are deserved. It is exciting that bitcoin reached a good and very interesting price as of today. I wonder what are the most surprising progress bitcoin might be in the next few days or weeks or months. I guess, this is just only a beginning and there is something out there coming big and very exciting. It is a long road for bitcoin. Be sure to be safe and secure about your investment and I agree about the warning about the scammer. Many people are definitely going to be carried by their greediness and might do something unnecessary to others.

k@suy

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This is a great milestone of bitcoin I hope wherever Satoshi Nakamoto right now, I hope he is very happy and contended now, with this amount of bitcoin I am sure that bitcoin will be soon be adapted by banks and hope that government will not restrict nor regulate it and put too much taxes on it, more and more scammers will use this card to scam and deceive people to get their money.

buwaytress

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Didn't even realise this until saw the thread title. Pretty awesome for sure, even though most of us are aware it's really just a number in the end. A crash will take us down that level for a bit but with hundreds of bitcoin still coming in every day we could build a healthy cushion until then.

Still the beginning, indeed.

Jating

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Quote from: Oshosondy on February 19, 2021, 05:39:09 PM

This is the first time ever bitcoin reached 1 trillion marketcap in dollars, this proves bitcoin as the new age asset. In just 11 years, bitcoin hit 1 trillion dollars. I have just checked this on coinmarketcap. The price of bitcoin at the time is $55,5329 and with a marketcap of 1.03 trillion dollars. Institutions and many people are buying bitcoin which makes its marketcap to reach this great value.

Yes, it is not even compared to other big companies as far as valuation is concern, but the comparison stop there. Remember 2017, when the whole crypto was about $1 trillion and not bitcoin alone with 60% dominance having reach $1 trillion is just short amount of time.

And this is just the beginning, as more people grow interest specially in this bull run, wouldn't be surprised that it will double in the next coming years.

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Quote from: CarnagexD on February 19, 2021, 06:36:20 PM

This is bound to happen, people will catch wind of thsi eventually and if the media doesn't cover cryptocurrency, a lot of the people will be missing out on something very important, and of cpurse their integrity will be put on the line.

Doesn't matter if the media doesn't cover this, people will talk all about it in social media and their friends and followers will follow and those people will talk about it to their friends and followers and the chain goes, mainstream media will not stop the spread of the news, they are just slowing down the inevitable. People love gossip and stories and this will get them talking about it. The only problem with that is that scams will be rife this season since a lot of people doesn't know about bitcoin besides the surface.

In the silence

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Quote from: Oshosondy on February 19, 2021, 05:39:09 PM

This is the first time ever bitcoin reached 1 trillion marketcap in dollars, this proves bitcoin as the new age asset. In just 11 years, bitcoin hit 1 trillion dollars. I have just checked this on coinmarketcap. The price of bitcoin at the time is $55,5329 and with a marketcap of 1.03 trillion dollars. Institutions and many people are buying bitcoin which makes its marketcap to reach this great value.

Those who has big names on different industries and companies that sees bitcoin as a long term investment. If there would be more companies and wealthy people looks unto bitcoin, then it would be possible for bitcoin to reach $100,000 or more than what we've been expecting from it. It also shows bitcoin's supremacy from all other altcoins.

CarnagexD

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As far as I know it's the cryptocurrency market that landed 1 trillion, not bitcoin alone. Though this still stands to attest the fact that bitcoin is becoming more and more noticeable and is changing people's perspectives when they talk about money and investment. This is a great first step towards what we aspire for which is global acceptance.

Quote from: boyptc on February 19, 2021, 06:04:39 PM

Before, there's not much attention to bitcoin and if they do, it's all about the negativities. But it's getting noticed now by most of the mainstream media. Just as these fresh news from bloomberg and reuters.

--> https://www.reuters.com/article/us-crypto-currency-bitcoin/bitcoin-steams-to-new-record-and-nears-1-trillion-market-cap-idUSKBN2AJ0GC
--> https://www.bloomberg.com/news/articles/2021-02-19/bitcoin-nears-1-trillion-value-as-crypto-jump-tops-other-assets

This is bound to happen, people will catch wind of thsi eventually and if the media doesn't cover cryptocurrency, a lot of the people will be missing out on something very important, and of cpurse their integrity will be put on the line.

boyptc

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Before, there's not much attention to bitcoin and if they do, it's all about the negativities. But it's getting noticed now by most of the mainstream media. Just as these fresh news from bloomberg and reuters.

--> https://www.reuters.com/article/us-crypto-currency-bitcoin/bitcoin-steams-to-new-record-and-nears-1-trillion-market-cap-idUSKBN2AJ0GC
--> https://www.bloomberg.com/news/articles/2021-02-19/bitcoin-nears-1-trillion-value-as-crypto-jump-tops-other-assets

Oshosondy

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This is the first time ever bitcoin reached 1 trillion marketcap in dollars, this proves bitcoin as the new age asset. In just 11 years, bitcoin hit 1 trillion dollars. I have just checked this on coinmarketcap. The price of bitcoin at the time is $55,5329 and with a marketcap of 1.03 trillion dollars. Institutions and many people are buying bitcoin which makes its marketcap to reach this great value.

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