Bitcoin lands #27 as top assets by marketcap (Stocks, ETF and Crypto) - page 2.

pooya87

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Quote from: mk4 on August 12, 2020, 05:07:51 AM

Though a really interesting statistic, it doesn't really make sense to compare bitcoin to companies and businesses. Probably a better statistic would be comparing bitcoin to the value of other currencies and hedging assets.

That would make the number one if you compare it with other Crypto currency and hedging assets at least we know that what is their place in the marketcap (Stocks, ETF and Crypto) there's a big possibility that they will land in the top ten in the near future everything is possible on how Bitcoin performs.

you can't really compare bitcoin with other cryptocurrencies because a big percentage of them are poor copies of bitcoin so there is no point even making that comparison, and the rest are also still very poor projects or purely pump and dump schemes which again comparing a currency with them makes no sense. in a handful of them that have real purpose like XMR that focuses on anonymity they have other issues such as scaling and are not popular enough to be considered for such comparisons.

maydna

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Those companies will be beaten by bitcoin in the future, but we are still far away to see bitcoin will be a top ten of that list. If we talk about the price, perhaps, the price will need to lift to more than $100k while we are still at $11k level, but I am sure that the price will slowly increase to the high price. Bitcoin itself will slowly beat the companies in the time, and that can be good news for us if bitcoin can be at the top twenty list. We can only wait from time to time to see if bitcoin will increase to the high position, while we don't need to focus on that list because what we need to do now is prepare ourselves, so we have a better chance in the future.

sunsilk

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I'd appreciate that it's been on that list and ranking to 28, as of now, is decent participation and ranking. Knowing that bitcoin is just a decade and a year old, there will be more attention paying on it for the next years.

Quote from: cryptomaniac_xxx on August 12, 2020, 05:00:06 AM

What do you think that bitcoin's price will be in the future to get into the first place? $50k-$100k?

Those prices given are being said with many analyses and predictions. What matters is we have to wait when it shall come.

Wind_FURY

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Quote from: mk4 on August 12, 2020, 10:26:23 AM

Quote from: Wind_FURY on August 12, 2020, 05:49:36 AM

Depending on someone's prespective, Bitcoin can also be viewed as the first true Decentralized Autonomous "Corporation". It has its own rules, and by-laws, it's own workers, it's own product, and it's own customers.

Not sure a "corporation" would be the best description for something totally open-source and leaderless. In fact, probably the worst description to describe the group in Bitcoin's case. A "movement" would be far more better word to describe it.

I know, but for lack of a better technical term, a decentralized-leaderless-organization. Although there are people who would debate about it being "leaderless". I believe franky1 would challenge it.

The "movement" description is on the community/philosophical side, not the technical.

mr.smith

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Quote from: Darker45 on August 12, 2020, 10:52:04 AM

Anyway, it would be a very long way before Bitcoin will land on the top spot. Even if the price of Bitcoin will reach $50,000, which may not happen in the next 3 years, it still cannot replace the number one on the list.

Number 27 is still a good number and spot with the way things are going on we can move up to the top 15 I don't think Bitcoin will beat Apple or even land in the top 5 but it's just enough that there is a general awareness of Bitcoin and it always has the spot in many markets.

Darker45

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Bitcoin and the rest of the listed names in the OP are of different feathers. They may be compared with each other in terms of marketcap but it seems Bitcoin is like an apple in a basket full of oranges. In the first place, while the rest have huge capitalization, Bitcoin has none. So that's basically zero to 211.5 billion in USD for Bitcoin.

Anyway, it would be a very long way before Bitcoin will land on the top spot. Even if the price of Bitcoin will reach $50,000, which may not happen in the next 3 years, it still cannot replace the number one on the list.

Poker Player

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Quote from: mk4 on August 12, 2020, 05:07:51 AM

Though a really interesting statistic, it doesn't really make sense to compare bitcoin to companies and businesses. Probably a better statistic would be comparing bitcoin to the value of other currencies and hedging assets.

Well, the point is that most people buy it nowadays as an asset. A high volatile one. Not to be used as a currency. So, I think the comparison is OK.

mk4

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Quote from: Wind_FURY on August 12, 2020, 05:49:36 AM

Depending on someone's prespective, Bitcoin can also be viewed as the first true Decentralized Autonomous "Corporation". It has its own rules, and by-laws, it's own workers, it's own product, and it's own customers.

Not sure a "corporation" would be the best description for something totally open-source and leaderless. In fact, probably the worst description to describe the group in Bitcoin's case. A "movement" would be far more better word to describe it.

TravelMug

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Quote from: cryptomaniac_xxx on August 12, 2020, 05:00:06 AM

Interesting to see that bitcoin places amongst the top assets by marketcap, category, stocks , ETF and cryptocurrencies.

[..snip..]

What do you think that bitcoin's price will be in the future to get into the first place? $50k-$100k?

Let's do the simple match, at the current market cap of @212,000,000,000, it should be around x10.

So at the current price, of $11,500 we need to be in the range of the $100,000 per BTC or more to overtake everyone in the race.

Wind_FURY

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Quote from: mk4 on August 12, 2020, 05:07:51 AM

Though a really interesting statistic, it doesn't really make sense to compare bitcoin to companies and businesses. Probably a better statistic would be comparing bitcoin to the value of other currencies and hedging assets.

Depending on someone's prespective, Bitcoin can also be viewed as the first true Decentralized Autonomous "Corporation". It has its own rules, and by-laws, it's own workers, it's own product, and it's own customers.

mk4

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Though a really interesting statistic, it doesn't really make sense to compare bitcoin to companies and businesses. Probably a better statistic would be comparing bitcoin to the value of other currencies and hedging assets.

cryptomaniac_xxx

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Interesting to see that bitcoin places amongst the top assets by marketcap, category, stocks , ETF and cryptocurrencies.

Here are the top 6, dominated, Apple, Amazon, Google, Microsoft and Facebook. We also have to take note that those companies make a killing out of this pandemic, registering record quarterly earning. But then again, Amazon, Apple, Facebook and Google grilled on Capitol Hill over their market power.

https://assetdash.com/

What do you think that bitcoin's price will be in the future to get into the first place? $50k-$100k?

Topic: Bitcoin lands #27 as top assets by marketcap (Stocks, ETF and Crypto) - page 2. (Read 334 times)