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

cryptomaniac_xxx

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Friendly bump,

Bitcoin jump lift to #15 due to the recent spike in the price.

Will probably go to top #10 if we reach a new all time high next year Grin

, as bitcoin is getting popular and almost all kind of investors are (institutional, retail, gold, companies) are putting a lot of money into it.

btc_angela

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Quote from: Jenningss on October 11, 2020, 06:06:37 AM

Yes, bitcoin is a fairly popular asset, but the list had to be compiled by comparing it with other cryptocurrencies, because there are companies in this list that are much safer to invest in than in bitcoin, but in terms of involvement, of course, yes.

Then used coinmarketcap.

And since bitcoin has increased again, it's obvious that it might jump places again. But the real data that we wanted to is is for bitcoin to get a new all time high and then see how it will fare on other top assets. Yeah, probably a lot of hard work and then some FOMO again. Jumping to 20 spots is not that bad, it will be an accomplished, as we all know we are probably the youngest market as well in that list.

Jenningss

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Yes, bitcoin is a fairly popular asset, but the list had to be compiled by comparing it with other cryptocurrencies, because there are companies in this list that are much safer to invest in than in bitcoin, but in terms of involvement, of course, yes.

imstillthebest

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Quote from: slaman29 on August 14, 2020, 01:52:52 AM

Quote from: ?? on ??

hard work,

Nothing to do with hard work,

hardwork done by us he mean because btc cant raise its own self . currently the price of btc is inclining again and that is because people are working hard to invest or to hodl .

working hard is not easy but infairness we already reach this high in a small pan of time , just a little bit of hardwork and we can push the ranks of btc on the high spot .

rodskee

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Quote from: Kemarit on August 18, 2020, 06:32:03 AM

And with the current surge in price, pushing it above $12,000 it surpassed Bank of America and Bitcoin is now sitting at the 25 spot. Closing in at Paypal and Walt Disney Company and Verizon Communications.

That's nice to see that the market still gaining and with this position surpassing well established
businesses, investors interest will rise up.
If this surge will carry a much better support, then expect more people to realize that this investment
brings great opportunities.

Quote from: Kemarit on August 18, 2020, 06:32:03 AM

And it the trend continues we might see another big jump surpassing those 3 companies. Let's see where it will end at least this 2020. Probably as high as getting into 20 spot.

A very attracting run if that achievements will be fulfill. Lets see what future brings to this investment
currency, Best to hold and wait.

Kemarit

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And with the current surge in price, pushing it above $12,000 it surpassed Bank of America and Bitcoin is now sitting at the 25 spot. Closing in at Paypal and Walt Disney Company and Verizon Communications.

And it the trend continues we might see another big jump surpassing those 3 companies. Let's see where it will end at least this 2020. Probably as high as getting into 20 spot.

Wind_FURY

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Quote from: ?? on ??

Companies are built by debt and fist can not compare with Bitcoin. Bitcoin was built from recession, bank bailout and to become an own bank for everyone, without debt and with freedom.

Quote

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks

https://en.bitcoin.it/wiki/Genesis_block

That might be a wrong take. The miners, which are sometimes also a company, which are also part of the foundation of the protocol, can be in debt to start a mining farm.

iTradeChips

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Quote from: ?? on ??

hard work, but maybe bitcoin could get into the top 10 next year, it's just that it needs to push the price to $ 100k, maybe it can be done in the next year, if I don't predict wrongly and analyze the price, we also see it's hard work all communities so bitcoin is listed there even though it is ranked 27th, but why is it equated with the stock of a company

Not sure what you perceived as hard work but I think the markets have spoken. The performance of Bitcoin shows that it is a serious digital asset and it can trusted by those who want to start with the cryptocurrency investments. But of course, the markets are also unpredictable in a sense that what is on the top will go down and what is down will go up at any time. So no need to be really excited with the said news. It is good news indeed but we need to be sure that we are ready for anything that happens with Bitcoin.

slaman29

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Quote from: ?? on ??

hard work, but maybe bitcoin could get into the top 10 next year, it's just that it needs to push the price to $ 100k, maybe it can be done in the next year, if I don't predict wrongly and analyze the price, we also see it's hard work all communities so bitcoin is listed there even though it is ranked 27th, but why is it equated with the stock of a company

Nothing to do with hard work, I would say. This is a listing of top assets by market cap so there's really nothing Bitcoin can do about that. Supply will slowly grow, so if price is the same then we already predict growth. Stocks ETF etc supply cannot really be predicted. Those grow and have supplies controlled, can change any time.

maydna

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Quote from: ?? on ??

hard work, but maybe bitcoin could get into the top 10 next year, it's just that it needs to push the price to $ 100k, maybe it can be done in the next year, if I don't predict wrongly and analyze the price, we also see it's hard work all communities so bitcoin is listed there even though it is ranked 27th, but why is it equated with the stock of a company

Who knows. Bitcoin still has more chance to get into the top 10 next year because the adoption of bitcoin is not reaching all countries, but the progress still going on. When bitcoin can reach all people in all countries, that means, the position on that list will change, and perhaps, in that time, bitcoin will be on the top 10 list. We still need to work hard to help bitcoin slowly to beat the companies on that list, but we don't have to force people to use bitcoin if they don't want and let them see by themselves.

DoubleEdgeEX

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I think we can count that as a huge win for the Bitcoin movement! It shows that the owener of the site takes BTC seriously enough to add it on his list and isn´t afraid to pull some big companies off by placing them pubicaly behind Bitcoin. Think of all the hype that health companies currently get, but Pfizer and Merk are behind Bitcoin. I really hope that more people see that to eventually get it in the most stubborn head that Bitcoin is here to stay and an asset that needs to be taken seriously

bearexin

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Bitcoin is really growth, in fact the growth has been too much as of recent, although a lot of people has been in doubt as to whether it is going to reach another ATH price, we can’t tell for sure. Yesterday the price of Bitcoin was crashing after getting to the price rate of $12,000. I wasn’t really worried about that, the price has been doing this since this year and last year.

If we can all remember, after the price reached $9,000 earlier, in past few months, it started falling again and even dropped back to $7,000 and some people were getting doubt that it won’t go on a bull run anymore, but after sometime it moved quickly above that $9,000 to $10,000 which was the next predicted level and didn’t waste time at that level and quickly moved up to the $11,000 price range.

So, there is no need to be having doubt now, it’s best to just keep holding your coins and have patience. If you can’t have patience, you’re definitely going to miss out when the main bull run kicks in, before you know what’s happening, you have been left behind. So patience is the key at this time.

Wind_FURY

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Quote from: buwaytress on August 13, 2020, 02:21:39 AM

Quote from: Wind_FURY on August 13, 2020, 12:53:17 AM

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.

Movement and organisation don't to me really fit either, mostly because movements rally people under a cause (and I'm afraid the massive group of speculators don't have any agenda other than profit, power to them). Also maybe disorganisation might be a better term but haha yeah, I don't think there will be any precise definition. Bitcoin will rank very differently in any given category. CCP doesn't even think of Bitcoin as a top coin among coins. Below EOS, lols.

For the sake of the topic, comparing Bitcoin to a list of corporations, let's use "institution"? I believe it can be an institution in of itself, with the developers, the evangelists, the followers, and the trolls. Haha.

It's a group of computers, bootstrapped, networked, and organized to follow, and enforce the rules of the protocol.

gentlemand

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Quote from: davis196 on August 13, 2020, 06:03:28 AM

The fact that Bitcoin is the 27th most traded asset in the world(if this statistic is actually accurate) means that there's still lots of potential for future growth of both the Bitcoin price and the Bitcoin market cap.

Down to 33 already.

That listing is purely on market cap, not the amount it's traded. That is a metric that would be interesting to compare it to but also even less relatable to stocks.

davis196

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The fact that Bitcoin is the 27th most traded asset in the world(if this statistic is actually accurate) means that there's still lots of potential for future growth of both the Bitcoin price and the Bitcoin market cap.
However,comparing Bitcoin to stocks is wrong(and people are still going it all the time). Grin

I fair comparison would be comparing crypto companies like Coinbase and Benance to Apple,Amazon and Microsoft,but Coinbase and Benance are way smaller,compared with the tech giants.

Oasisman

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Quote from: Haunebu on August 13, 2020, 02:47:27 AM

I don't really see the benefit of this comparison op. TBH, BTC and other popular cryptocurrencies have already ranked high on these charts, but what matters more is how many people are actually using these currencies as payment methods in their day to day lives.

Well, I guess the ranking of these companies indicates the popularity and the volume of usage of the assets. That means, being at the 27th (30th by the time Im typing this) spot is still pretty impressive for Bitcoin and there are actually a lot of people are using it more than before. However, using Btc as a primary mode of payment in a daily basis is still arguable. High transaction fees and clogged network that causes a slow transaction process for a minimum miner's fee hinders it.
IMO, the benefit of this ranking is to let other people know (specially those who're outside the crypto space) that Bitcoin is one of the top performing asset, and that'll actually help to spread the Bitcoin adaption.

gentlemand

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Erm, where's gold? Where's Saudi Aramco? No doubt there are plenty of other gaping holes.

There IS a world beyond America despite what sites like this believe and of course Bitcoin itself trades everywhere around the world 24/7.

Haunebu

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I don't really see the benefit of this comparison op. TBH, BTC and other popular cryptocurrencies have already ranked high on these charts, but what matters more is how many people are actually using these currencies as payment methods in their day to day lives.

That figure is far lower obviously since a small portion of the world population have invested in crypto and most of these investors treat these currencies as assets primarily.

This is why rankings and comparisons don't really matter much in my opinion. Real world usage matters way more in comparison.

Kemarit

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Well it's good to see that Bitcoin has been holding its ground against those giants in the field of IT, banking and other industries.

But it doesn't make sense though to put comparison and remember that Bitcoin is very volatile, today it could be in #27 and then the numbers can go up and down. But it doesn't mean anything, in the bigger picture, Bitcoin should be compare to other cyrptocurrencies and so far it is still the top asset as far as market cap.

buwaytress

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Quote from: Wind_FURY on August 13, 2020, 12:53:17 AM

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.

Movement and organisation don't to me really fit either, mostly because movements rally people under a cause (and I'm afraid the massive group of speculators don't have any agenda other than profit, power to them). Also maybe disorganisation might be a better term but haha yeah, I don't think there will be any precise definition. Bitcoin will rank very differently in any given category. CCP doesn't even think of Bitcoin as a top coin among coins. Below EOS, lols.

pooya87

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Quote from: mk4 on August 12, 2020, 04:07:51 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, 04:00:06 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, 09:26:23 AM

Quote from: Wind_FURY on August 12, 2020, 04:49:36 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, 09:52:04 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, 04:07:51 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, 04:49:36 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, 04:00:06 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, 04:07:51 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) (Read 374 times)