Bitcoin is now a TRILLION dollar asset! - page 2.

mk4

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Quote from: thecodebear on February 19, 2021, 02:41:59 PM

Bitcoin will never be stable. Its price comes from the free market. It wasn't made for stability. It was made for value growth, self-banking/secure/decentralized/censorship-resistance, and for transacting. Stability in price was never part of the deal.

It can be stable; at least stable enough to be viable to be used as a day-to-day currency that's not going to move +-10% in a day. It's just that it's going to take a while. Bitcoin can come to the point that it will be sufficiently stable, but at the same time still be in an upward trajectory in the long term.

AmoreJaz

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Quote from: Baofeng on February 19, 2021, 05:49:38 PM

Yeah, impressive to see a $1 trillion market cap, but anything can happen though, we can lose it overnight or gain another billion the next day. 2017 the whole crypto market cap is $1 trillion if I'm not mistaken and it goes kaput in the next 2-3 years of bearish market, and now now recovered and goes on even more. Just shows that the market of bitcoin is very much volatile and we have to live with that.

but the scope of bitcoin right now is different 2-3 years ago. financial institutions, popular companies are joining crypto, which makes it more solid in the market. they now believe the capability of crypto in the financial market. though as you said, anything can happen. so as a user, you should have contingency plan in place.
we are living in a world full of surprises. so it only right to prepare for whats to come.

wheelz1200

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Quote from: thecodebear on February 19, 2021, 11:07:39 AM

High $53k's right now and its right at $1 trillion market cap!

When i first bought Bitcoin in Nov 2013 it was about $10 billion. now a trillion!

Yeah its kind of unbelievable that bitcoin is staging right at the back of silvers market cap, Apple, etc..got awhile to take over gold but one day...one day

Baofeng

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Yeah, impressive to see a $1 trillion market cap, but anything can happen though, we can lose it overnight or gain another billion the next day. 2017 the whole crypto market cap is $1 trillion if I'm not mistaken and it goes kaput in the next 2-3 years of bearish market, and now now recovered and goes on even more. Just shows that the market of bitcoin is very much volatile and we have to live with that.

jossiel

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I can't still believe that we're this high.

Quote from: aoluain on February 19, 2021, 05:01:35 PM

imagine back then if someone had said to you "6 years from now Bitcoin will be $50,000"
That would be hard to imagine. Bitcoin is looking now like we can throw any number at it and
its likely to reach it.

And that's applicable today, when we've been telling people to buy from $3,000-$10,000, they're telling the same thing that bitcoin is going to zero or it's not yet the dip.

Well, that's a lesson for sure and they can't ignore those gains anymore and instead, there are people that always buys at the top but still managed to take profit by risking it.

We thought that $40,000 would be the highest and then here's the $53,000-$56,000. And we'll have the same thought once it touches double as we're today.

aoluain

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Quote from: jackg on February 19, 2021, 12:36:43 PM

I joined here when the market cap was $4.6bn... Doubt we'd have believed anyone bitcoin would do 24500% in that (fairly) short time of 6 years...

It's an impressive high and it doesn't look like we're losing momentum either (2 trillion+ feels quite likely now - or 6 Grin

).

imagine back then if someone had said to you "6 years from now Bitcoin will be $50,000"
That would be hard to imagine. Bitcoin is looking now like we can throw any number at it and
its likely to reach it.

ampere

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Quote from: thecodebear on February 19, 2021, 11:07:39 AM

High $53k's right now and its right at $1 trillion market cap!

When i first bought Bitcoin in Nov 2013 it was about $10 billion. now a trillion!

This tells so much about the growth and popularity that bitcoin has had over the decade as well as the masive adoption of bitcoin and the blockchain. More marketcap means more investment which means more people trade, buy, and sell bitcoin. This is good and great for the global economy. I see such growth following with etherum and bnb too

thecodebear

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Quote from: hatshepsut93 on February 19, 2021, 01:53:01 PM

Bitcoin was at 20k 3 years ago and everyone celebrated and then it crashed hard. I understand that this is a cool milestone, but it's really not that significant. A stable price for $1 trillion marketcap would be indeed remarkable, but there's no signs that Bitcoin will be stable anytime soon. We'll see Bitcoin's marketcap gaining billions and then losing billions.

Bitcoin will never be stable. Its price comes from the free market. It wasn't made for stability. It was made for value growth, self-banking/secure/decentralized/censorship-resistance, and for transacting. Stability in price was never part of the deal.

$1 trillion is very significant obviously. There's only seven other trillion dollar assets in the world: gold, silver, and 5 companies.

hatshepsut93

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Bitcoin was at 20k 3 years ago and everyone celebrated and then it crashed hard. I understand that this is a cool milestone, but it's really not that significant. A stable price for $1 trillion marketcap would be indeed remarkable, but there's no signs that Bitcoin will be stable anytime soon. We'll see Bitcoin's marketcap gaining billions and then losing billions.

Poker Player

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I am not as impressed by the market cap as you are, probably because I came to know bitcoin later. What does impress me is the progression. All indications are that it is going to eat Google, silver, Microsoft and Apple in a relatively short time. Gold will take longer, I understand. A friend was telling me the other day that he doesn't want to buy Bitcoin because the price is too high.

thecodebear

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Quote from: jackg on February 19, 2021, 12:36:43 PM

I joined here when the market cap was $4.6bn... Doubt we'd have believed anyone bitcoin would do 24500% in that (fairly) short time of 6 years...

It's an impressive high and it doesn't look like we're losing momentum either (2 trillion+ feels quite likely now - or 6 Grin

).

Totally see $2 trillion and potentially even $3 trillion (though perhaps for a very short time/peak) happening this year. Far higher in the years to come though

jackg

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https://bit.ly/387FXHi lightning theory

I joined here when the market cap was $4.6bn... Doubt we'd have believed anyone bitcoin would do 24500% in that (fairly) short time of 6 years...

It's an impressive high and it doesn't look like we're losing momentum either (2 trillion+ feels quite likely now - or 6 Grin

).

thecodebear

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Activity: 2240

Merit: 848

High $53k's right now and its right at $1 trillion market cap!

When i first bought Bitcoin in Nov 2013 it was about $10 billion. now a trillion!

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