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Topic: BTC is over $9,000,000,000 in market capitalization for the 1st time in months (Read 2894 times)

Blind Legs Parker
hero member
Activity: 2016
Merit: 721
BTC is over $9,000,000,000 in market capitalization for the 1st time in months
August 13, 2016, 06:52:52 AM
#62
Quote from: Exsumane on August 13, 2016, 04:49:31 AM
Quote from: Trasamania on August 06, 2016, 09:07:03 AM
Quote from: Batelk on July 12, 2016, 04:02:13 AM
Quote from: elite3000 on July 11, 2016, 10:36:38 PM
Quote from: kobilica on July 11, 2016, 05:52:51 PM
Quote from: hermanhs09 on July 11, 2016, 10:05:53 AM
Quote from: cjmoles on May 28, 2016, 05:06:28 PM
I'm an economically minded noob.  What does the market cap mean for me and the value of the bitcoin I hold personally?  How is it a good thing?  Will it increase adoption, value, distribution?  Can it answer some of the questions I outlined here in the following thread? https://bitcointalk.org/index.php?topic=1489137.new#new
Im not like you in 100% cjmoles " economically minded noob " (but you made me laugh buddy Cheesy) but i
still dont know too what actually market cap means.
Anyone up to help me understand it?

bitcoins that exists * value of bitcoins

(value can be dollars or shekel or grandpa cookies, w/e)

How is the value calculated if each exchange has his own rate and sometimes there is a big gap between them? Usually Huobi is $20 ahead of btc-e

That could be volume weighted average. But you have to exclude lots of volumes in the Chinese exchanges.

The trading volume in China is useless as the trading fee is 0%. The volume can be artificially high there.

That is right. So when I calculate the volumes, I will not count the volumes in the Chinese exchanges.
How about you just use the average price on https://bitcoinwisdom.com/ ?
Exsumane
newbie
Activity: 30
Merit: 0
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
August 13, 2016, 04:49:31 AM
#61
Quote from: Trasamania on August 06, 2016, 09:07:03 AM
Quote from: Batelk on July 12, 2016, 04:02:13 AM
Quote from: elite3000 on July 11, 2016, 10:36:38 PM
Quote from: kobilica on July 11, 2016, 05:52:51 PM
Quote from: hermanhs09 on July 11, 2016, 10:05:53 AM
Quote from: cjmoles on May 28, 2016, 05:06:28 PM
I'm an economically minded noob.  What does the market cap mean for me and the value of the bitcoin I hold personally?  How is it a good thing?  Will it increase adoption, value, distribution?  Can it answer some of the questions I outlined here in the following thread? https://bitcointalk.org/index.php?topic=1489137.new#new
Im not like you in 100% cjmoles " economically minded noob " (but you made me laugh buddy Cheesy) but i
still dont know too what actually market cap means.
Anyone up to help me understand it?

bitcoins that exists * value of bitcoins

(value can be dollars or shekel or grandpa cookies, w/e)

How is the value calculated if each exchange has his own rate and sometimes there is a big gap between them? Usually Huobi is $20 ahead of btc-e

That could be volume weighted average. But you have to exclude lots of volumes in the Chinese exchanges.

The trading volume in China is useless as the trading fee is 0%. The volume can be artificially high there.

That is right. So when I calculate the volumes, I will not count the volumes in the Chinese exchanges.
Amph
legendary
Activity: 3248
Merit: 1070
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
August 06, 2016, 10:09:34 AM
#60
Quote from: Trasamania on August 06, 2016, 09:07:03 AM
Quote from: Batelk on July 12, 2016, 04:02:13 AM
Quote from: elite3000 on July 11, 2016, 10:36:38 PM
Quote from: kobilica on July 11, 2016, 05:52:51 PM
Quote from: hermanhs09 on July 11, 2016, 10:05:53 AM
Quote from: cjmoles on May 28, 2016, 05:06:28 PM
I'm an economically minded noob.  What does the market cap mean for me and the value of the bitcoin I hold personally?  How is it a good thing?  Will it increase adoption, value, distribution?  Can it answer some of the questions I outlined here in the following thread? https://bitcointalk.org/index.php?topic=1489137.new#new
Im not like you in 100% cjmoles " economically minded noob " (but you made me laugh buddy Cheesy) but i
still dont know too what actually market cap means.
Anyone up to help me understand it?

bitcoins that exists * value of bitcoins

(value can be dollars or shekel or grandpa cookies, w/e)

How is the value calculated if each exchange has his own rate and sometimes there is a big gap between them? Usually Huobi is $20 ahead of btc-e

remove "can" it was proven multiple times that the volume there is totally fake, just to manipulate the price

That could be volume weighted average. But you have to exclude lots of volumes in the Chinese exchanges.

The trading volume in China is useless as the trading fee is 0%. The volume can be artificially high there.
Trasamania
newbie
Activity: 33
Merit: 0
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
August 06, 2016, 09:07:03 AM
#59
Quote from: Batelk on July 12, 2016, 04:02:13 AM
Quote from: elite3000 on July 11, 2016, 10:36:38 PM
Quote from: kobilica on July 11, 2016, 05:52:51 PM
Quote from: hermanhs09 on July 11, 2016, 10:05:53 AM
Quote from: cjmoles on May 28, 2016, 05:06:28 PM
I'm an economically minded noob.  What does the market cap mean for me and the value of the bitcoin I hold personally?  How is it a good thing?  Will it increase adoption, value, distribution?  Can it answer some of the questions I outlined here in the following thread? https://bitcointalk.org/index.php?topic=1489137.new#new
Im not like you in 100% cjmoles " economically minded noob " (but you made me laugh buddy Cheesy) but i
still dont know too what actually market cap means.
Anyone up to help me understand it?

bitcoins that exists * value of bitcoins

(value can be dollars or shekel or grandpa cookies, w/e)

How is the value calculated if each exchange has his own rate and sometimes there is a big gap between them? Usually Huobi is $20 ahead of btc-e

That could be volume weighted average. But you have to exclude lots of volumes in the Chinese exchanges.

The trading volume in China is useless as the trading fee is 0%. The volume can be artificially high there.
Batelk
full member
Activity: 216
Merit: 100
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
July 12, 2016, 04:02:13 AM
#58
Quote from: elite3000 on July 11, 2016, 10:36:38 PM
Quote from: kobilica on July 11, 2016, 05:52:51 PM
Quote from: hermanhs09 on July 11, 2016, 10:05:53 AM
Quote from: cjmoles on May 28, 2016, 05:06:28 PM
I'm an economically minded noob.  What does the market cap mean for me and the value of the bitcoin I hold personally?  How is it a good thing?  Will it increase adoption, value, distribution?  Can it answer some of the questions I outlined here in the following thread? https://bitcointalk.org/index.php?topic=1489137.new#new
Im not like you in 100% cjmoles " economically minded noob " (but you made me laugh buddy Cheesy) but i
still dont know too what actually market cap means.
Anyone up to help me understand it?

bitcoins that exists * value of bitcoins

(value can be dollars or shekel or grandpa cookies, w/e)

How is the value calculated if each exchange has his own rate and sometimes there is a big gap between them? Usually Huobi is $20 ahead of btc-e

That could be volume weighted average. But you have to exclude lots of volumes in the Chinese exchanges.
elite3000
legendary
Activity: 1073
Merit: 1000
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
July 11, 2016, 10:36:38 PM
#57
Quote from: kobilica on July 11, 2016, 05:52:51 PM
Quote from: hermanhs09 on July 11, 2016, 10:05:53 AM
Quote from: cjmoles on May 28, 2016, 05:06:28 PM
I'm an economically minded noob.  What does the market cap mean for me and the value of the bitcoin I hold personally?  How is it a good thing?  Will it increase adoption, value, distribution?  Can it answer some of the questions I outlined here in the following thread? https://bitcointalk.org/index.php?topic=1489137.new#new
Im not like you in 100% cjmoles " economically minded noob " (but you made me laugh buddy Cheesy) but i
still dont know too what actually market cap means.
Anyone up to help me understand it?

bitcoins that exists * value of bitcoins

(value can be dollars or shekel or grandpa cookies, w/e)

How is the value calculated if each exchange has his own rate and sometimes there is a big gap between them? Usually Huobi is $20 ahead of btc-e
Posum578
sr. member
Activity: 336
Merit: 250
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
July 11, 2016, 06:25:53 PM
#56
Quote from: hermanhs09 on July 11, 2016, 10:05:53 AM
Quote from: cjmoles on May 28, 2016, 05:06:28 PM
I'm an economically minded noob.  What does the market cap mean for me and the value of the bitcoin I hold personally?  How is it a good thing?  Will it increase adoption, value, distribution?  Can it answer some of the questions I outlined here in the following thread? https://bitcointalk.org/index.php?topic=1489137.new#new
Im not like you in 100% cjmoles " economically minded noob " (but you made me laugh buddy Cheesy) but i
still dont know too what actually market cap means.
Anyone up to help me understand it?

As far as i am know we get number for bitcoin market cap with this (bitcoin ever created * Price of bitcoin)
So actually this market cap will always grow if bitcoin not going down
kobilica
sr. member
Activity: 280
Merit: 300
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
July 11, 2016, 05:52:51 PM
#55
Quote from: hermanhs09 on July 11, 2016, 10:05:53 AM
Quote from: cjmoles on May 28, 2016, 05:06:28 PM
I'm an economically minded noob.  What does the market cap mean for me and the value of the bitcoin I hold personally?  How is it a good thing?  Will it increase adoption, value, distribution?  Can it answer some of the questions I outlined here in the following thread? https://bitcointalk.org/index.php?topic=1489137.new#new
Im not like you in 100% cjmoles " economically minded noob " (but you made me laugh buddy Cheesy) but i
still dont know too what actually market cap means.
Anyone up to help me understand it?

bitcoins that exists * value of bitcoins

(value can be dollars or shekel or grandpa cookies, w/e)
Nimbulan
hero member
Activity: 658
Merit: 500
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
July 11, 2016, 11:54:07 AM
#54
Quote from: Batelk on July 07, 2016, 04:11:24 AM
Quote from: jaredboice on July 07, 2016, 03:48:14 AM
Quote from: newcoins1978 on July 07, 2016, 03:14:18 AM
Quote from: the_poet on May 28, 2016, 04:54:34 PM
It's amazing, as I write we're experiencing incredible numbers. Let's hope the uptrend continues!

June 3 update: having reached $576 per BTC, market capitalization has touched $9,000,000,000!
Look at the price we all know that this is impossible and it is not going to happen, we should be more realistic here and focus on what really can happen.
I am hoping for the value to be $1000 which is pretty realistic but some people on here hope for miracles.


Kind of like the many miracles that have happened in Bitcoin? What about the two miracles in 2013? Reality has shown that what really can happen in Bitcoin in a time frame of only 12 months is a 5,000% increase in price

If the Core team release the 2MB block size increase and the SegWit as agreed in the Hongkong meeting, the price will rise a lot.
thats true, then the price is definitely going to go to the new all time high i think and bitcoins is not done at all, we just need to wait for a bigger growth and that will be it
nururochac
full member
Activity: 182
Merit: 100
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
July 11, 2016, 10:45:00 AM
#53
Quote from: Trasamania on July 09, 2016, 02:13:50 AM
Quote from: Batelk on July 07, 2016, 04:11:24 AM
Quote from: jaredboice on July 07, 2016, 03:48:14 AM
Quote from: newcoins1978 on July 07, 2016, 03:14:18 AM
Quote from: the_poet on May 28, 2016, 04:54:34 PM
It's amazing, as I write we're experiencing incredible numbers. Let's hope the uptrend continues!

June 3 update: having reached $576 per BTC, market capitalization has touched $9,000,000,000!
Look at the price we all know that this is impossible and it is not going to happen, we should be more realistic here and focus on what really can happen.
I am hoping for the value to be $1000 which is pretty realistic but some people on here hope for miracles.


Kind of like the many miracles that have happened in Bitcoin? What about the two miracles in 2013? Reality has shown that what really can happen in Bitcoin in a time frame of only 12 months is a 5,000% increase in price

If the Core team release the 2MB block size increase and the SegWit as agreed in the Hongkong meeting, the price will rise a lot.

They promised to release it in the July. So the price could rise a lot in the next 20 days, we will see.
All are still allegations, putting word IF still on a process of deciding if it will happen or not. Things will be better if they release the 2m block size increase but even if they it will still be better for bitcoin because that's not the only thing that makes the bitcoin's price rise, the demand has a big role too.
hermanhs09
hero member
Activity: 574
Merit: 500
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
July 11, 2016, 10:05:53 AM
#52
Quote from: cjmoles on May 28, 2016, 05:06:28 PM
I'm an economically minded noob.  What does the market cap mean for me and the value of the bitcoin I hold personally?  How is it a good thing?  Will it increase adoption, value, distribution?  Can it answer some of the questions I outlined here in the following thread? https://bitcointalk.org/index.php?topic=1489137.new#new
Im not like you in 100% cjmoles " economically minded noob " (but you made me laugh buddy Cheesy) but i
still dont know too what actually market cap means.
Anyone up to help me understand it?
onemd
full member
Activity: 309
Merit: 118
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
July 11, 2016, 09:36:38 AM
#51
Quote from: Trasamania on July 09, 2016, 02:13:50 AM
Quote from: Batelk on July 07, 2016, 04:11:24 AM
Quote from: jaredboice on July 07, 2016, 03:48:14 AM
Quote from: newcoins1978 on July 07, 2016, 03:14:18 AM
Quote from: the_poet on May 28, 2016, 04:54:34 PM
It's amazing, as I write we're experiencing incredible numbers. Let's hope the uptrend continues!

June 3 update: having reached $576 per BTC, market capitalization has touched $9,000,000,000!
Look at the price we all know that this is impossible and it is not going to happen, we should be more realistic here and focus on what really can happen.
I am hoping for the value to be $1000 which is pretty realistic but some people on here hope for miracles.


Kind of like the many miracles that have happened in Bitcoin? What about the two miracles in 2013? Reality has shown that what really can happen in Bitcoin in a time frame of only 12 months is a 5,000% increase in price

If the Core team release the 2MB block size increase and the SegWit as agreed in the Hongkong meeting, the price will rise a lot.

They promised to release it in the July. So the price could rise a lot in the next 20 days, we will see.

Some of the Core members denied they have anything to do with the Hong Kong consensus. So nothing might happen.
Trasamania
newbie
Activity: 33
Merit: 0
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
July 09, 2016, 02:13:50 AM
#50
Quote from: Batelk on July 07, 2016, 04:11:24 AM
Quote from: jaredboice on July 07, 2016, 03:48:14 AM
Quote from: newcoins1978 on July 07, 2016, 03:14:18 AM
Quote from: the_poet on May 28, 2016, 04:54:34 PM
It's amazing, as I write we're experiencing incredible numbers. Let's hope the uptrend continues!

June 3 update: having reached $576 per BTC, market capitalization has touched $9,000,000,000!
Look at the price we all know that this is impossible and it is not going to happen, we should be more realistic here and focus on what really can happen.
I am hoping for the value to be $1000 which is pretty realistic but some people on here hope for miracles.


Kind of like the many miracles that have happened in Bitcoin? What about the two miracles in 2013? Reality has shown that what really can happen in Bitcoin in a time frame of only 12 months is a 5,000% increase in price

If the Core team release the 2MB block size increase and the SegWit as agreed in the Hongkong meeting, the price will rise a lot.

They promised to release it in the July. So the price could rise a lot in the next 20 days, we will see.
Batelk
full member
Activity: 216
Merit: 100
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
July 07, 2016, 04:11:24 AM
#49
Quote from: jaredboice on July 07, 2016, 03:48:14 AM
Quote from: newcoins1978 on July 07, 2016, 03:14:18 AM
Quote from: the_poet on May 28, 2016, 04:54:34 PM
It's amazing, as I write we're experiencing incredible numbers. Let's hope the uptrend continues!

June 3 update: having reached $576 per BTC, market capitalization has touched $9,000,000,000!
Look at the price we all know that this is impossible and it is not going to happen, we should be more realistic here and focus on what really can happen.
I am hoping for the value to be $1000 which is pretty realistic but some people on here hope for miracles.


Kind of like the many miracles that have happened in Bitcoin? What about the two miracles in 2013? Reality has shown that what really can happen in Bitcoin in a time frame of only 12 months is a 5,000% increase in price

If the Core team release the 2MB block size increase and the SegWit as agreed in the Hongkong meeting, the price will rise a lot.
jaredboice
hero member
Activity: 560
Merit: 500
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
July 07, 2016, 03:48:14 AM
#48
Quote from: newcoins1978 on July 07, 2016, 03:14:18 AM
Quote from: the_poet on May 28, 2016, 04:54:34 PM
It's amazing, as I write we're experiencing incredible numbers. Let's hope the uptrend continues!

June 3 update: having reached $576 per BTC, market capitalization has touched $9,000,000,000!
Look at the price we all know that this is impossible and it is not going to happen, we should be more realistic here and focus on what really can happen.
I am hoping for the value to be $1000 which is pretty realistic but some people on here hope for miracles.


Kind of like the many miracles that have happened in Bitcoin? What about the two miracles in 2013? Reality has shown that what really can happen in Bitcoin in a time frame of only 12 months is a 5,000% increase in price
newcoins1978
sr. member
Activity: 406
Merit: 250
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
July 07, 2016, 03:14:18 AM
#47
Quote from: the_poet on May 28, 2016, 04:54:34 PM
It's amazing, as I write we're experiencing incredible numbers. Let's hope the uptrend continues!

June 3 update: having reached $576 per BTC, market capitalization has touched $9,000,000,000!
Look at the price we all know that this is impossible and it is not going to happen, we should be more realistic here and focus on what really can happen.
I am hoping for the value to be $1000 which is pretty realistic but some people on here hope for miracles.
HarryKPeters
hero member
Activity: 896
Merit: 1000
Live Stars - Adult Streaming Platform
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
July 07, 2016, 12:04:42 AM
#46
At the moment we already lost 30 dollars in 15 min. Not sure who big it will crash but we may lose the 10 billion market cap in a hour if this goes futher.
Too bad, it was good to see a 10B+ market cap
jaredboice
hero member
Activity: 560
Merit: 500
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
July 06, 2016, 09:50:21 PM
#45
Quote from: leopard2 on July 06, 2016, 07:59:25 PM
even if only a tiny fraction of the worlds money supply moves into BTC, a price of 10 000 or even 1000 000 is easily possible

check this out

http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/

world money supply 80 000 000 000 000

approximately 67000 $ per bitcoin, even if only 1% of it moves into bitcoin

NOW, total world debt is 200 000 000 000 000, and in case of a fiat currency breakdown, this debt has to be converted into money (so called monetization of debt; typically done as part of a monetary reform).

----> theoretical potential of up to $1.6 million per Bitcoin

Naturally not all money will move into Bitcoin but it is a clear thing, that 10 000 or even 50 000 are a nobrainer, and fiat money (and debt) is exponentially growing

Silver is also good.

Sleep tight LOL  Wink!

and HODL!!!

This is a fact.  And think about the hundreds of millions (perhaps billions?) of unbanked people who are also on the internet!  The upside from a $9 Billion market cap is INSANE!
leopard2
legendary
Activity: 1372
Merit: 1014
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
July 06, 2016, 07:59:25 PM
#44
even if only a tiny fraction of the worlds money supply moves into BTC, a price of 10 000 or even 1000 000 is easily possible

check this out

http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/

world money supply 80 000 000 000 000

approximately 67000 $ per bitcoin, even if only 1% of it moves into bitcoin

NOW, total world debt is 200 000 000 000 000, and in case of a fiat currency breakdown, this debt has to be converted into money (so called monetization of debt; typically done as part of a monetary reform).

----> theoretical potential of up to $1.6 million per Bitcoin

Naturally not all money will move into Bitcoin but it is a clear thing, that 10 000 or even 50 000 are a nobrainer, and fiat money (and debt) is exponentially growing

Silver is also good.

Sleep tight LOL  Wink!

and HODL!!!
phreaky
hero member
Activity: 546
Merit: 500
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
July 06, 2016, 04:06:05 PM
#43
Quote from: the_poet on May 28, 2016, 04:54:34 PM
It's amazing, as I write we're experiencing incredible numbers. Let's hope the uptrend continues!

June 3 update: having reached $576 per BTC, market capitalization has touched $9,000,000,000!
Sorry but why is this even on here we no that those numbers are never going to be happen, we're never going experience numbers even close to that.
Batelk
full member
Activity: 216
Merit: 100
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
July 06, 2016, 01:45:29 PM
#42
Quote from: onemd on June 30, 2016, 01:44:40 PM
Quote from: Qastessa on June 23, 2016, 11:04:22 AM
Quote from: 2double0 on June 19, 2016, 04:24:09 PM
Quote from: uki on June 19, 2016, 07:48:12 AM
Quote from: BitcoinHodler on June 19, 2016, 07:16:01 AM
bitcoin is really shining these days with the big rise so far and the stable state that it has right now.

i am specially excited about the media attention to bitcoin which is bringing a lot of new people and investors into bitcoin which will fuel the next big rise to the Mars.
stable? There is no word 'stable' in Bitcoin's dictionary. All we see now is a speculative pump, which sooner or later will end in a dump.
Whether it will be elevator down, or less step downfall it remains to be seen. But in that sense Bitcoin is too young and too speculative market to call it stable.

Stability is there but at some levels, as it gets seen for some months. Not important as if it remains there or not.
Of course, you don't want bitcoins to remain stable just at 250 even after this halving takes place, do you?

The bitcoin could remain stable around the $500 to 600 range for a few months since it is doing some corrections.

I think so. The longer the consolidation time, the higher the price will go in the next small bubble in the next few months.

For the next 10 years, if there is no major disaster, the bitcoin price will rise around 40-100% per year.
onemd
full member
Activity: 309
Merit: 118
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
June 30, 2016, 01:44:40 PM
#41
Quote from: Qastessa on June 23, 2016, 11:04:22 AM
Quote from: 2double0 on June 19, 2016, 04:24:09 PM
Quote from: uki on June 19, 2016, 07:48:12 AM
Quote from: BitcoinHodler on June 19, 2016, 07:16:01 AM
bitcoin is really shining these days with the big rise so far and the stable state that it has right now.

i am specially excited about the media attention to bitcoin which is bringing a lot of new people and investors into bitcoin which will fuel the next big rise to the Mars.
stable? There is no word 'stable' in Bitcoin's dictionary. All we see now is a speculative pump, which sooner or later will end in a dump.
Whether it will be elevator down, or less step downfall it remains to be seen. But in that sense Bitcoin is too young and too speculative market to call it stable.

Stability is there but at some levels, as it gets seen for some months. Not important as if it remains there or not.
Of course, you don't want bitcoins to remain stable just at 250 even after this halving takes place, do you?

The bitcoin could remain stable around the $500 to 600 range for a few months since it is doing some corrections.

I think so. The longer the consolidation time, the higher the price will go in the next small bubble in the next few months.
Qastessa
full member
Activity: 182
Merit: 100
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
June 23, 2016, 11:04:22 AM
#40
Quote from: 2double0 on June 19, 2016, 04:24:09 PM
Quote from: uki on June 19, 2016, 07:48:12 AM
Quote from: BitcoinHodler on June 19, 2016, 07:16:01 AM
bitcoin is really shining these days with the big rise so far and the stable state that it has right now.

i am specially excited about the media attention to bitcoin which is bringing a lot of new people and investors into bitcoin which will fuel the next big rise to the Mars.
stable? There is no word 'stable' in Bitcoin's dictionary. All we see now is a speculative pump, which sooner or later will end in a dump.
Whether it will be elevator down, or less step downfall it remains to be seen. But in that sense Bitcoin is too young and too speculative market to call it stable.

Stability is there but at some levels, as it gets seen for some months. Not important as if it remains there or not.
Of course, you don't want bitcoins to remain stable just at 250 even after this halving takes place, do you?

The bitcoin could remain stable around the $500 to 600 range for a few months since it is doing some corrections.
2double0
legendary
Activity: 2618
Merit: 1105
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
June 19, 2016, 04:24:09 PM
#39
Quote from: uki on June 19, 2016, 07:48:12 AM
Quote from: BitcoinHodler on June 19, 2016, 07:16:01 AM
bitcoin is really shining these days with the big rise so far and the stable state that it has right now.

i am specially excited about the media attention to bitcoin which is bringing a lot of new people and investors into bitcoin which will fuel the next big rise to the Mars.
stable? There is no word 'stable' in Bitcoin's dictionary. All we see now is a speculative pump, which sooner or later will end in a dump.
Whether it will be elevator down, or less step downfall it remains to be seen. But in that sense Bitcoin is too young and too speculative market to call it stable.

Stability is there but at some levels, as it gets seen for some months. Not important as if it remains there or not.
Of course, you don't want bitcoins to remain stable just at 250 even after this halving takes place, do you?
uki
legendary
Activity: 1358
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
June 19, 2016, 07:48:12 AM
#38
Quote from: BitcoinHodler on June 19, 2016, 07:16:01 AM
bitcoin is really shining these days with the big rise so far and the stable state that it has right now.

i am specially excited about the media attention to bitcoin which is bringing a lot of new people and investors into bitcoin which will fuel the next big rise to the Mars.
stable? There is no word 'stable' in Bitcoin's dictionary. All we see now is a speculative pump, which sooner or later will end in a dump.
Whether it will be elevator down, or less step downfall it remains to be seen. But in that sense Bitcoin is too young and too speculative market to call it stable.
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
June 19, 2016, 07:18:47 AM
#37
11.7 billion USD market cap as I type this according to Stamp. I guess the next target/milestone is a 15 billion USD market cap.
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
June 19, 2016, 07:16:01 AM
#36
bitcoin is really shining these days with the big rise so far and the stable state that it has right now.

i am specially excited about the media attention to bitcoin which is bringing a lot of new people and investors into bitcoin which will fuel the next big rise to the Mars.
Trasamania
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
June 19, 2016, 07:02:32 AM
#35
Quote from: the_poet on June 03, 2016, 12:45:44 PM
Today Bitcoin market cap touched $9,000,000,000!

It is more than $10 billion now. I believe the price will be higher when after the halving and more people use it.
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
June 03, 2016, 12:45:44 PM
#34
Today Bitcoin market cap touched $9,000,000,000!
Exsumane
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 03:17:17 PM
#33
Everybody is excited about the price rise. I am not exception. But I want the price rise slowly. No pump and dump.
MingLee
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 03:16:11 PM
#32
I think finally breaking $8 Billion in Market cap for the first time in probably slightly over a year or two is a great thing. We'll see if more people start taking notice of this, but I for one am more interested to watch the numbers game playing out rather than just seeing my investment go up in value. I wonder who in the world is pulling the strings right now to cause this, and if all the normal people like us will be able to keep with the pace being set right now.

If we can break $8.5B again, I think we'd have good reason to be immensely excited.
justdimin
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 02:54:29 PM
#31
Most of these amounts are only owned by a few people/individual/group. It's kind of sad about that but even so, we're seeing good numbers here. It was only around $7.2 billion nearly a week ago and just how are you not surprised that it went nearly over $1bill. I expect this cap will rise even further.
calkob
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 02:47:24 PM
#30
This is great news i just hope that it continues to rise i am sure we will see the usual round of news items coming up soon.  and to think bitcoin was at half this price in september of 2015, i only wish i had bought more then.....lol  Wink
Amph
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 02:37:42 PM
#29
Quote from: mayax on May 29, 2016, 04:01:24 AM
what capitalization?Huh?? BTC is a hype. there is no capitalization in the true sense of this word Smiley

hype? the price was stuck there since months, there is no hype, there is real value and usage, now this is another pump that need consolidation

but once again the market will build a new rock solid value
mayax
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 02:22:18 PM
#28
Quote from: Trasamania on May 29, 2016, 02:20:18 AM
Quote from: crazyivan on May 29, 2016, 02:16:42 AM
We used to have much, much more. I personally expect to see price over $600 soon.

The November 2013 price of bitcoin is artificial, it was created by the Mt Gox Willy the Robert. No realistic.


it is the same now but at a lower level. The exchangers cartel (yes, there is ONE), are playing with the bot according to their "needs". They learnt from Gox that it's not good to be greedy Smiley

you have to be blind to not see this thing. there are 5-6 exchangers who are making the BTC price as they want...
tobacco123
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 10:36:47 AM
#27
Quote from: gentlemand on May 29, 2016, 08:16:18 AM
Quote from: maku on May 29, 2016, 08:11:55 AM

And how can be sure that there is no another 'bot trading' behind the curtains anytime bitcoin price rise so high and so fast?
We had not idea about Willy bot at that time it was active either.

We can't. And more than likely it is happening. And there's nothing illegal about it at present in most territories.

I am sure a lot of people are using their own version of bot in trading.

Personally, I thin we can kind of see the trend: from $400-420 jumped one step to $440-450, then another to $470, then another to $490, and now testing $530-$550. It seems like some bots will help to sell whenever there is about 5-10% increase.
pereira4
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 10:13:43 AM
#26
Quote from: mayax on May 29, 2016, 04:01:24 AM
what capitalization?Huh?? BTC is a hype. there is no capitalization in the true sense of this word Smiley

Huh, capitalization = total money invested in Bitcoin holdings, period. You are the one not making sense.
I can sell anyone one BTC right now for more than 500 dollars, and they will give me those 500 dollars, that's real life, not hype.
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 08:55:22 AM
#25
Quote from: the_poet on May 28, 2016, 04:54:34 PM
It's amazing, as I write we're experiencing incredible numbers. Let's hope the uptrend continues!

I find it was the highest price I've ever seen since I knew bitcoin. we all hope the price will rise and rise. it is a little bit stable this week, but increasing price is better haha
gentlemand
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 08:16:18 AM
#24
Quote from: maku on May 29, 2016, 08:11:55 AM

And how can be sure that there is no another 'bot trading' behind the curtains anytime bitcoin price rise so high and so fast?
We had not idea about Willy bot at that time it was active either.

We can't. And more than likely it is happening. And there's nothing illegal about it at present in most territories.
maku
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 08:11:55 AM
#23
Quote from: gentlemand on May 29, 2016, 08:02:31 AM
Quote from: Trasamania on May 29, 2016, 02:20:18 AM

The November 2013 price of bitcoin is artificial, it was created by the Mt Gox Willy the Robert. No realistic.

Real people paid real money at those levels. And China ended up leading the way.
And how we can be sure that there is no another 'bot trading' behind the curtains anytime bitcoin price rise so high and so fast?
We had not idea about Willy bot at that time it was active either.
gentlemand
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 08:02:31 AM
#22
Quote from: Trasamania on May 29, 2016, 02:20:18 AM

The November 2013 price of bitcoin is artificial, it was created by the Mt Gox Willy the Robert. No realistic.

Real people paid real money at those levels. And China ended up leading the way.
zeaderza
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 07:57:38 AM
#21
I think in next days the price of bitcoin will rise again.Now,is a perfect moment to buy some bitcoin for a fast profit.
mayax
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 04:01:24 AM
#20
what capitalization?Huh?? BTC is a hype. there is no capitalization in the true sense of this word Smiley
Herbert2020
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 03:32:51 AM
#19
this is just the start and the good thing about it is the slow rise (at least this has been slow and steady so far) and i believe this is going to be the way price rises at least for two more months.
the_poet
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 02:30:17 AM
#18
Quote from: Denker on May 29, 2016, 01:56:16 AM


This is so gentle! Smiley
The last time the market cap had been in that range was in july 2014.So definitely some while ago.
We were going a long and tough way since that time.The more I'm glad to see how strong we are coming back now!
Can't wait for the coming mainstream media articles.There will definitely some reports.Forbes, Bloomberg, New York Times, Fortune, Economist, Financial Times etc.
This might give us another small push.Hopefully!

Mainstream media is definitely going to be busy for a while talking about Bitcoin.
Trasamania
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 02:20:18 AM
#17
Quote from: crazyivan on May 29, 2016, 02:16:42 AM
We used to have much, much more. I personally expect to see price over $600 soon.

The November 2013 price of bitcoin is artificial, it was created by the Mt Gox Willy the Robert. No realistic.
crazyivan
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 02:16:42 AM
#16
We used to have much, much more. I personally expect to see price over $600 soon.
Denker
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 01:56:16 AM
#15


This is so gentle! Smiley
The last time the market cap had been in that range was in july 2014.So definitely some while ago.
We were going a long and tough way since that time.The more I'm glad to see how strong we are coming back now!
Can't wait for the coming mainstream media articles.There will definitely some reports.Forbes, Bloomberg, New York Times, Fortune, Economist, Financial Times etc.
This might give us another small push.Hopefully!
Amph
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 01:39:46 AM
#14
the difference between this and the last ath 1200, is the steady grow, really slow, to allow consolidation at those tough mark

it will not fall back anymore, so before someone jump on the retardness and think that the same thing will happen like in 2013, think about how the current trend is compared to that of the last ath
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 29, 2016, 12:45:35 AM
#13
Quote from: the_poet on May 28, 2016, 05:13:27 PM
Quote from: cjmoles on May 28, 2016, 05:06:28 PM
I'm an economically minded noob.  What does the market cap mean for me and the value of the bitcoin I hold personally?  How is it a good thing?  Will it increase adoption, value, distribution?  Can it answer some of the questions I outlined here in the following thread? https://bitcointalk.org/index.php?topic=1489137.new#new

The market cap is basically a measure of how big the Bitcoin market is in comparison with other markets, be it other cryptos or gold, for example. Plus it is a great indicator of how much the adoption has grown over the years.

True, but it's mostly a gross measure. The cap includes all of the coins regardless of whether it's viable or ghosted. Coins in circulation are definitely a lot less.
Bitcoinpro
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 28, 2016, 11:21:58 PM
#12
on the way to crack the 10 Billion Mark
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 28, 2016, 10:24:33 PM
#11
Quote from: gentlemand on May 28, 2016, 09:28:18 PM
I really wish there was a better metric than market cap. It's such a pile of meaningless shite. It should die in a fire.

although i don't completely like market cap as a measure but i don't think it is a complete useless metric, don't forget that it should be used for comparison and also it is important to use other things like trade volume and price for comparison also.
gentlemand
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 28, 2016, 09:56:30 PM
#10
Quote from: cjmoles on May 28, 2016, 09:51:06 PM

So, I wonder how reliable a market cap figure might be in relation to supply and demand....could the bitcoin market cap be skewed also?  I mean, if everybody started trading off their coin at current price, would the market cap really mean anything or is there some other number in which it would achieve an equilibrium?

I think it's all utter bollocks myself. I remember Marinecoin or something causing humongous excitement amongst its wee fans when they hit a $7 million market cap. When I looked up the trade volume it was a heady $1200 that day.
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 28, 2016, 09:51:06 PM
#9
Quote from: the_poet on May 28, 2016, 05:13:27 PM
Quote from: cjmoles on May 28, 2016, 05:06:28 PM
I'm an economically minded noob.  What does the market cap mean for me and the value of the bitcoin I hold personally?  How is it a good thing?  Will it increase adoption, value, distribution?  Can it answer some of the questions I outlined here in the following thread? https://bitcointalk.org/index.php?topic=1489137.new#new

The market cap is basically a measure of how big the Bitcoin market is in comparison with other markets, be it other cryptos or gold, for example. Plus it is a great indicator of how much the adoption has grown over the years.

The other day I was watching the ticker movement on some other asset (some off the wall alt) as it was introduced; the very first bid was for 450 BTC and it was quickly closed on....that made for a very skewed market capitalization marker.  So, I wonder how reliable a market cap figure might be in relation to supply and demand....could the bitcoin market cap be skewed also?  I mean, if everybody started trading off their coin at current price, would the market cap really mean anything or is there some other number in which it would achieve an equilibrium?
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 28, 2016, 09:28:50 PM
#8
Quote from: tobacco123 on May 28, 2016, 09:06:54 PM
Quote from: 1Referee on May 28, 2016, 05:20:58 PM
It's nice of course that we touched the $8 billion market cap number, but I think the majority of the people haven't even noticed this as they are too bussy with staring at price tickers. Cheesy

Agree. The current price is very volatile. You just have to look at the market depth to know that not many buyers are the current price and many sellers are expecting even higher value. It will need a few day for the increase to stabilised before we are sure about the real "bull".

Bitcoin price passes $500, highest price in almost two years. For the last year and a half, the price of Bitcoin has been steadily rising, more than doubling its value.
gentlemand
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 28, 2016, 09:28:18 PM
#7
I really wish there was a better metric than market cap. It's such a pile of meaningless shite. It should die in a fire.
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 28, 2016, 09:06:54 PM
#6
Quote from: 1Referee on May 28, 2016, 05:20:58 PM
It's nice of course that we touched the $8 billion market cap number, but I think the majority of the people haven't even noticed this as they are too bussy with staring at price tickers. Cheesy

Agree. The current price is very volatile. You just have to look at the market depth to know that not many buyers are the current price and many sellers are expecting even higher value. It will need a few day for the increase to stabilised before we are sure about the real "bull".
1Referee
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 28, 2016, 05:20:58 PM
#5
It's nice of course that we touched the $8 billion market cap number, but I think the majority of the people haven't even noticed this as they are too bussy with staring at price tickers. Cheesy
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 28, 2016, 05:13:27 PM
#4
Quote from: cjmoles on May 28, 2016, 05:06:28 PM
I'm an economically minded noob.  What does the market cap mean for me and the value of the bitcoin I hold personally?  How is it a good thing?  Will it increase adoption, value, distribution?  Can it answer some of the questions I outlined here in the following thread? https://bitcointalk.org/index.php?topic=1489137.new#new

The market cap is basically a measure of how big the Bitcoin market is in comparison with other markets, be it other cryptos or gold, for example. Plus it is a great indicator of how much the adoption has grown over the years.
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 28, 2016, 05:08:48 PM
#3
Quote from: the_poet on May 28, 2016, 04:54:34 PM
It's amazing, as I write we're experiencing incredible numbers. Let's hope the uptrend continues!
yeah, i think that the price will surely keep on growing from now on and we will see some even bigger increases a few days before the halving event

i think that people will be putting even more of their money when they will see that the price is increasing at a very rapid pace, i hope that we will reach one thousand this year
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 28, 2016, 05:06:28 PM
#2
I'm an economically minded noob.  What does the market cap mean for me and the value of the bitcoin I hold personally?  How is it a good thing?  Will it increase adoption, value, distribution?  Can it answer some of the questions I outlined here in the following thread? https://bitcointalk.org/index.php?topic=1489137.new#new
the_poet
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Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
May 28, 2016, 04:54:34 PM
#1
It's amazing, as I write we're experiencing incredible numbers. Let's hope the uptrend continues!

June 3 update: having reached $576 per BTC, market capitalization has touched $9,000,000,000!
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