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Topic: Bitcoin nearly reaching its highest ever market capitalisation (Read 5770 times)

420
hero member
Activity: 756
Merit: 500
$500 Million peoplez
legendary
Activity: 947
Merit: 1042
Hamster ate my bitcoin
We broke highest ever market cap  Shocked

233,342,816 USD Shocked

[Edit]

June 8th 2011, peek market capitalization of about $206,000,000.
 
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
We broke highest ever market cap  Shocked
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
Bitcoin could become the defacto currency of online poker. I wonder what the market cap is for gambling?
420
hero member
Activity: 756
Merit: 500
market cap is bigger than when price was 33

oh noes...charts back down
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
market cap is bigger than when price was 33
hero member
Activity: 715
Merit: 500
legendary
Activity: 1904
Merit: 1002
ASICs notwithstanding, if my calculations are correct, when Bitcoin passes $18/coin...
http://www.youtube.com/watch?v=2Byz7eU8jF0

so if ASIC delay another 2 weeks we'll see $18?

We'll see $18 regardless of ASIC  Cheesy

well I meant in that 2 week timespan

if ASIC come I think $18 is a month or two or 3 away

I see $18.30.  Tongue
hero member
Activity: 784
Merit: 1000
Being there, done that.
legendary
Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
ASICs notwithstanding, if my calculations are correct, when Bitcoin passes $18/coin...
http://www.youtube.com/watch?v=2Byz7eU8jF0

so if ASIC delay another 2 weeks we'll see $18?

We'll see $18 regardless of ASIC  Cheesy

well I meant in that 2 week timespan

if ASIC come I think $18 is a month or two or 3 away

Why would they sell before this rally is over?
420
hero member
Activity: 756
Merit: 500
ASICs notwithstanding, if my calculations are correct, when Bitcoin passes $18/coin...
http://www.youtube.com/watch?v=2Byz7eU8jF0

so if ASIC delay another 2 weeks we'll see $18?

We'll see $18 regardless of ASIC  Cheesy

well I meant in that 2 week timespan

if ASIC come I think $18 is a month or two or 3 away
legendary
Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
ASICs notwithstanding, if my calculations are correct, when Bitcoin passes $18/coin...
http://www.youtube.com/watch?v=2Byz7eU8jF0

so if ASIC delay another 2 weeks we'll see $18?

We'll see $18 regardless of ASIC  Cheesy
420
hero member
Activity: 756
Merit: 500
ASICs notwithstanding, if my calculations are correct, when Bitcoin passes $18/coin...
http://www.youtube.com/watch?v=2Byz7eU8jF0

so if ASIC delay another 2 weeks we'll see $18?
donator
Activity: 1419
Merit: 1015
ASICs notwithstanding, if my calculations are correct, when Bitcoin passes $18/coin...
http://www.youtube.com/watch?v=2Byz7eU8jF0
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
wait till asic's hit and we get weeks of fast blocks mined

But I thought we were capped at 21 million bitcoins?

Yes but the rate of generation will be increased temporarily because the difficulty is not adjusted in real time

I was being a bit facetious in suggesting that we'll have all the bitcoins mined by the time the ASICs get here Cheesy
legendary
Activity: 1792
Merit: 1121
wait till asic's hit and we get weeks of fast blocks mined

But I thought we were capped at 21 million bitcoins?

Yes but the rate of generation will be increased temporarily because the difficulty is not adjusted in real time
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
wait till asic's hit and we get weeks of fast blocks mined

But I thought we were capped at 21 million bitcoins?
420
hero member
Activity: 756
Merit: 500
Short term the capitalisation record would be broken at about 18 US$/BTC.

Watching out for this figure.

if it happened right now?

wait till asic's hit and we get weeks of fast blocks mined
donator
Activity: 980
Merit: 1000
Short term the capitalisation record would be broken at about 18 US$/BTC.

Watching out for this figure.
legendary
Activity: 1232
Merit: 1001

No, that is indeed a 1-year chart.

Damn it. Note to myself. Only Post after my first coffee.

In that case:

Nothing to see here , false alarm. Move on.
full member
Activity: 169
Merit: 100
Firstbits : 1Hannes
legendary
Activity: 1232
Merit: 1001
member
Activity: 112
Merit: 10
I think this spike is a good sign... it suggests Bitcoin may be beginning to reach "critical mass"... but I'm not buying on the way up. I sell your greed and buy your fear. Next week when you're all ready to dump your coins because it falls back towards $12 just let me know and I will step in! heheh Cool
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
420
hero member
Activity: 756
Merit: 500
I think reaching a new all time high market capitalization is more important that straight bitcoin price high

hence; I made a video on this:

http://youtu.be/HpikGDDcpE4
legendary
Activity: 1232
Merit: 1001
420
hero member
Activity: 756
Merit: 500
Bitcoin; you're so deflationary
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
On a seven day average bitcoin is nearly reaching its highest ever market capitalisation - http://blockchain.info/charts/market-cap?timespan=all&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=
ya so everyone clam down and wait for dumps!  Wink
I think once Bitcoin has unique applications and network stability, we will see a new class of investor enter the market that won't be so reactive to the pump-n-dump speculators. They are called savers. You might think they are extinct, but this evolutionary trait may once again find a niche in the deflationary-based economic climate created by Bitcoin.
sr. member
Activity: 448
Merit: 250
this statement is false
legendary
Activity: 3038
Merit: 1032
RIP Mommy
420
hero member
Activity: 756
Merit: 500
I can't wait till it hit hits the Billion dollar cap. At that point I would recommend a bottle of Cristal and a seat belt.

once ASIC's hit...

sr. member
Activity: 350
Merit: 250
Trust me, these default swaps will limit the risks
I can't wait till it hit hits the Billion dollar cap. At that point I would recommend a bottle of Cristal and a seat belt.
420
hero member
Activity: 756
Merit: 500
damn that market cap has been really climbing this year. I feel like we should celebrate once we hit the 150 million mark. Its pretty significant milestone imo.

hell yeah. whip out the Alize
sr. member
Activity: 412
Merit: 250
damn that market cap has been really climbing this year. I feel like we should celebrate once we hit the 150 million mark. Its pretty significant milestone imo.
420
hero member
Activity: 756
Merit: 500
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
On a seven day average bitcoin is nearly reaching its highest ever market capitalisation - http://blockchain.info/charts/market-cap?timespan=all&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=
ya so everyone clam down and wait for dumps!  Wink
I don't know about that. I still think there is upwards pressure due to the halving. That pressure will likely persist as a strong factor until we reach 15$/BTC or more.

Plus Bitcoin is looking more and more mature by the day. I myself am working on a bitcoin card that will let anyone pay to any Android phone user in the world in a secure and fast manor. (https://bitcointalk.org/index.php?topic=7539.140)

Wordpress accepts Bitcoin along with thousands other online shops now. The list goes on. Even skeptics I am talking to are starting to take it a little more serious when you throw around the big numbers Bitcoin has already and they are impressed when largely any country they can name shows up on LocalBitcoins.

The USA alone has 100 billion $ in fraud costs per year due to VISA/MasterCards; sooner or later people will start using Bitcoin for everything at all times.

i agree, by the way thebitcoinreview.com will be going BetaGold sometime in 2013... Alpha 1.2 worked out pretty good but i need a good few months worth of weekends to get it up where i want it.  Smiley
hero member
Activity: 815
Merit: 1002
On a seven day average bitcoin is nearly reaching its highest ever market capitalisation - http://blockchain.info/charts/market-cap?timespan=all&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=
ya so everyone clam down and wait for dumps!  Wink
I don't know about that. I still think there is upwards pressure due to the halving. That pressure will likely persist as a strong factor until we reach 15$/BTC or more.

Plus Bitcoin is looking more and more mature by the day. I myself am working on a bitcoin card that will let anyone pay to any Android phone user in the world in a secure and fast manor. (https://bitcointalk.org/index.php?topic=7539.140)

Wordpress accepts Bitcoin along with thousands other online shops now. The list goes on. Even skeptics I am talking to are starting to take it a little more serious when you throw around the big numbers Bitcoin has already and they are impressed when largely any country they can name shows up on LocalBitcoins.

The USA alone has 100 billion $ in fraud costs per year due to VISA/MasterCards; sooner or later people will start using Bitcoin for everything at all times.
legendary
Activity: 1372
Merit: 1003
Currently now it is holding at the longest amount of time that the BTC market capitalisation has been above $125,000,000.
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
On a seven day average bitcoin is nearly reaching its highest ever market capitalisation - http://blockchain.info/charts/market-cap?timespan=all&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=
ya so everyone clam down and wait for dumps!  Wink
legendary
Activity: 1372
Merit: 1003
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