Bitcoin is About to Surpass Silver. - page 2.

Smack That Ace

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Quote from: Jawhead999 on November 12, 2024, 04:19:40 AM

Bear season is expected to happen in the next two years.

Bitcoin is slowly becoming as popular an investment as traditional investments like gold or stocks because it not only attracts people's attention but governments also want to get their hands on it. That got me thinking, are we going to have the bear season like before or are we going to keep going up until everything peaks like gold? Of course, there will be a correction because no market can go up vertically but the correction will not be significant, we will no longer see 70%-80% drops like before, IMO.

The altcoin market remains unchanged but I think bitcoin will take a different direction in the coming years.

icalical

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Impressive as that is, the recent rise of Bitcoin beyond the market capitalization of silver, positioning it as the 8th largest asset in the world, should be put into perspective at a valuation of about $1.4 trillion, the road to the top of the market cap leader board for Bitcoin will not be easy and smooth. And I think this climb has been heavily fueled by investor interest around Bitcoin ETFs.

However, as for beating companies like Saudi Aramco and Alphabet, Bitcoin would need more than hype for that, it would need mass utilization and utility outside the boundaries of a speculative asset. While Bitcoin has seen some pretty keen interest at an institutional level, it is still a ways from comparisons with giants featuring tangible business models and cash flows, like Alphabet and Aramco.

Jawhead999

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Quote from: Smack That Ace on November 12, 2024, 03:05:14 AM

I see some people saying that bitcoin price is quite high and buying at this time is not a wise idea but to wait. But I wonder when is a good time to buy, is there any guarantee that bear season will come and prices will be cheaper than now? If we follow the market, we will notice that ETFs are still actively buying bitcoin in large amounts every day. This shows that they believe that the price of bitcoin will increase even more in the future and it is unlikely that the price will fall sharply again. Big investors are confident about bitcoin price, why are we afraid of it? Do we really believe in bitcoin as we claim?

https://www.theblock.co/data/crypto-markets/bitcoin-etf/bitcoin-spot-etf-volumes

You're correct, there was a big inflow in Bitcoin ETF yesterday even though not as big as in March. But, I think it will keep rising because people know that Bitcoin in bullish season, they want to flip their money.

In 2021, someone who bought Bitcoin at the peak will say they're stupid, but if they keep holding till now, they've earn around 28%. So it doesn't matter if you buy Bitcoin right now.

Bear season is expected to happen in the next two years.

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Quote from: memehunter on November 11, 2024, 01:00:01 PM

More reasons to top up your existing BTC wallet. Bitcoin is about to surpass Silver to become 8th largest asset (market cap wise). IMO party is just started who knows Bitcoin might surpass Saudi Aramco (currently 7th largest) very soon as well.

Bitcoin has hit $90,000 and officially surpassed silver and its market cap is hovering around $2 trillion.

I see some people saying that bitcoin price is quite high and buying at this time is not a wise idea but to wait. But I wonder when is a good time to buy, is there any guarantee that bear season will come and prices will be cheaper than now? If we follow the market, we will notice that ETFs are still actively buying bitcoin in large amounts every day. This shows that they believe that the price of bitcoin will increase even more in the future and it is unlikely that the price will fall sharply again. Big investors are confident about bitcoin price, why are we afraid of it? Do we really believe in bitcoin as we claim?

memehunter

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Quote from: EL MOHA on November 11, 2024, 04:03:23 PM

Bitcoin has already surpassed silver already by going up to the new all time of $87,200.

Yes indeed it has surpassed Silver and closing gap between 8th and 7th place.

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Quote from: memehunter on November 11, 2024, 01:00:01 PM

More reasons to top up your existing BTC wallet. Bitcoin is about to surpass Silver to become 8th largest asset (market cap wise). IMO party is just started who knows Bitcoin might surpass Saudi Aramco (currently 7th largest) very soon as well.

Bitcoin has already surpassed silver already by going up to the new all time of $87,200. I am not surprise because bitcoin price is moving much higher than most of these assets and with the bull run and bitcoin looking locked to be a six figure a priced asset it will surpassed Many of these assets on Market cap. Bitcoin adoption rate and it price volatility will definitely make it go up and be at the top for years to come.

Doan9269

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Quote from: memehunter on November 11, 2024, 01:00:01 PM

More reasons to top up your existing BTC wallet. Bitcoin is about to surpass Silver to become 8th largest asset (market cap wise). IMO party is just started who knows Bitcoin might surpass Saudi Aramco (currently 7th largest) very soon as well.

Gradually, we are getting there, because a time is coming that it will be on the top of them all, i means all, including fiat and other natural physical assets, in terms of value and rates, when we look on how we started to the achievement we already have in bitcoin, we should be able to know that this has taken us far within the little time we have just started.

AsiaHODL

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Quite a milestone. Its coming for gold next.

memehunter

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More reasons to top up your existing BTC wallet. Bitcoin is about to surpass Silver to become 8th largest asset (market cap wise). IMO party is just started who knows Bitcoin might surpass Saudi Aramco (currently 7th largest) very soon as well.

Edit:
We have surpassed Saudi Aramco Grin

. We are now 7th largest asset. We are coming for google and Amazon soon;

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