BTC market cap hits ATH | Bitcointalksearch.org

mk4

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Quote from: SquirrelJulietGarden on November 19, 2020, 09:46:13 PM

I can not disagree with you but people must realize that there are lost bitcoin and the marketcap they see on coinmarketcap or coingecko or media is not real marketcap. If they know it they will have more in-depth view on marketcap.

Don't worry, I think it's pretty common knowledge that there's a lot of lost bitcoin due to mistakes.

And no, the marketcap listed on these sites are technically the "real" marketcap when looking at the total supply as a whole in existence, but not necessarily the supply that people have access to. Even the US Dollar has a marketcap; and we don't take into consideration the US dollar bills that has been torn, damaged, and has been lost in sewers, right? Because there's no way to accurately know how much USDs are out of circulation.

SquirrelJulietGarden

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Quote from: mk4 on November 19, 2020, 09:25:39 PM

The reason why everyone uses the total circulating supply as a whole without accounting lost bitcoin is simply because there's almost no way for us to know how many bitcoin are actually "lost". It would be a lot more inaccurate for us to throw in numbers that we are unsure of to subtract to the total circulating supply.

I can not disagree with you but people must realize that there are lost bitcoin and the marketcap they see on coinmarketcap or coingecko or media is not real marketcap. If they know it they will have more in-depth view on marketcap.

mk4

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Quote from: SquirrelJulietGarden on November 19, 2020, 07:59:14 PM

The marketcap is reported by those channels is not correct due to the amount of lost bitcoin. We don't know the exact lost bitcoin but the real marketcap would be calculated from real circulating supply. It is smaller than 18,548,306 BTC.

The reason why everyone uses the total circulating supply as a whole without accounting lost bitcoin is simply because there's almost no way for us to know how many bitcoin are actually "lost". It would be a lot more inaccurate for us to throw in numbers that we are unsure of to subtract to the total circulating supply.

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Quote from: mk4 on November 19, 2020, 11:10:31 AM

For those who don't get what this means:

In December of 2017 when bitcoin was at it's all time highs at around $19700, the total circulating supply of Bitcoin was just around 16.7 million. Today as we speak, since mining brings more bitcoin to the market, the total circulating supply is around 18.5 million.

Hence, while the peak bitcoin price of 2017 was higher, since the total circulating supply was lower(16.7M), the market cap is also lower.

December 2017 ATH: $19,700 * 16.7 million = $328.9 billion
Today: $17,980 * 18.5 million = $332.6 billion

This is the reason why Market Cap hits its ATH.

The total supply of it now is higher compare to what it was in 2017 causing its Market Cap to go higher. This just shows that there are more money coming in into Bitcoin though I don't if most of these are smart money (coming from institutions) or dumb money (coming from investors who got hyped by the recent rise of Bitcoin). Either way, it is beneficial for the holders Cheesy

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SquirrelJulietGarden

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Quote from: mk4 on November 19, 2020, 11:10:31 AM

For those who don't get what this means:

In December of 2017 when bitcoin was at it's all time highs at around $19700, the total circulating supply of Bitcoin was just around 16.7 million. Today as we speak, since mining brings more bitcoin to the market, the total circulating supply is around 18.5 million.

Hence, while the peak bitcoin price of 2017 was higher, since the total circulating supply was lower(16.7M), the market cap is also lower.

December 2017 ATH: $19,700 * 16.7 million = $328.9 billion
Today: $17,980 * 18.5 million = $332.6 billion

It is the tip of the iceberg and for many people it is what they usually see on magazines, newspapers and media.

The marketcap is reported by those channels is not correct due to the amount of lost bitcoin. We don't know the exact lost bitcoin but the real marketcap would be calculated from real circulating supply. It is smaller than 18,548,306 BTC.

https://hodlwave.com/#
https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-d2e

Coinmetrics report gives the lost bitcoin can be some amount around 1.5 million.

I don't care about the marketcap because the price of bitcoin is a matter at least with me as an bitcoin investor.

bitkanu

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Quote from: ?? on ??

This is the reason why more and more investors are turning their attention to bitcoin.

Due to the adoption of PayPal and some billionaires and MCAP of bitcoin has been touching its ATH.

There will be more fund management company come to use bitcoin as portfolios. It's the only thing that bitcoin needs to break its old ath. Bitcoin has more supply compared with a few years ago and we will be facing another all-time high for bitcoin mcap when the new ATH will be achieved.

dothebeats

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Market cap of 2017 ATH compared to the current one that we have shouldn't be comparable, as of course a million or two coins were added during the time between the two points that ultimately adds up to that number. Sans the market cap, we are still below the previous ATH and are still a few thousand $ away from the previous run-up. While I am not discounting the current growth that we are seeing on the market-side and the crypto space in general, I still believe that the comparison of market cap between 2017 and 2020 isn't really making any sense.

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Quote from: DarkDays on November 19, 2020, 08:20:27 AM

A growth in the market cap is exactly what we need to see, as a higher market cap means that new money is being pumped into the market rather than more BTC being unlocked.

Au contraire. Current ATH mcap we see is exactly because more BTC has been unlocked/mined in the last few years, since BTC didn't reach ATH yet. Personally, I don't think that mcap is very important metric as it can be very misleading. It's nice to look at, but nothing else really.

First of all, it's often used by various shitcoins to attract new investors who decide whether to buy or not something depending on the mcap rank. For example, you can make some shitcoin with huge supply, get it on some irrelevant exchange, pump the price and get unrealistically high mcap.

2nd, as we all know mcap is calculated by multiplying current price and current amount of coins in circulation, but then again we often have no idea what's the circulation. In BTC case, 18,547,962 has been mined up until now, but are all of those coins in circulation? What about all lost BTC, should that be counted too?

In the end, if mcap increases or decreases by xyz billion, it doesn't mean that amount of money entered or exited that specific market.

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This is the reason why more and more investors are turning their attention to bitcoin.

It is expected to make an increase as the price itself has gone above 17,500. In 2017 it was that way also. I'm not surprise at the surge and more investors would like the investing, market cap is important to understand the direction of investment.

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Quote from: mk4 on November 19, 2020, 11:10:31 AM

For those who don't get what this means:

In December of 2017 when bitcoin was at it's all time highs at around $19700, the total circulating supply of Bitcoin was just around 16.7 million. Today as we speak, since mining brings more bitcoin to the market, the total circulating supply is around 18.5 million.

Hence, while the peak bitcoin price of 2017 was higher, since the total circulating supply was lower(16.7M), the market cap is also lower.

December 2017 ATH: $19,700 * 16.7 million = $328.9 billion
Today: $17,980 * 18.5 million = $332.6 billion

Wow, this is really some good info and everybody should keep this in mind while looking at the marketcap. Thanks for letting us know this

But also this made me curious whether the market cap has increased or actually decreased so I did a little research.
I found that the marketcap on 18th of last month was around $211 billion and as of yesterday the marketcap was around $332 billion.
Doesn't this mean that more money is pumped into bitcoin ?
Well I guess it might also be because of the rise in bitcoin's price, since the chart is showing the value in USD Huh

The below chart depicts the rise in marketcap for bitcoin.

seoincorporation

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Is a huge market capitalization, we can compare it with the Adobe market cap of 225B, but it still far away from the market capitalization of companies like Microsoft or Apple with 1.6T and 2T.

What will happen when the bitcoin market capitalization hits its first trillion? now that's the question...

Some sources:
https://ycharts.com/companies/AAPL/market_cap
https://ycharts.com/companies/ADBE/market_cap

XCANA

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Quote from: Teresa_FX1 on November 19, 2020, 08:12:10 AM

Bitcoin hit all time high market capitalization of almost $329B ! Still relatively small but with a growth potential like no other asset has.
https://bitcoinmagazine.com/articles/bitcoins-market-cap-hits-all-time-high

In as much the market cap keep increasing the volume also should do likewise for us to see some good movement; when the whales start their sell-off or profit taking from month end. Basically the volume should be that which determine what happen to the current market than the market cap, becasue we will see such because of the coins in circulation that has increase from 2017 till date. Hope to see the market bullish throughout the year and to year 2021.

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Quote from: ?? on ??

This is the reason why more and more investors are turning their attention to bitcoin.

In addition there are news that also triggered the market and suddenly get interest of many investors , bitcoin volume also increased due to this prediction .
https://www.google.com/amp/s/www.forbes.com/sites/billybambrough/2020/11/19/leaked-citibank-report-reveals-bitcoin-could-rocket-to-300000-price-by-end-of-2021/amp/

If the trend will continue this prediction can really happen next year.

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Quote from: Teresa_FX1 on November 19, 2020, 08:12:10 AM

Bitcoin hit all time high market capitalization of almost $329B ! Still relatively small but with a growth potential like no other asset has.
https://bitcoinmagazine.com/articles/bitcoins-market-cap-hits-all-time-high

You are right that the continuous movement of bitcoin is being built on the basis of bullish fundamentals. Willy Woo said Bitcoin's market capitalization would reach $ 1 trillion with around $ 25 billion in capital or funds. If this amount can be penetrated by Bitcoin, he also predicts that the value of Bitcoin will reach $ 54,000 per BTC or the equivalent of 709 million. I hope this is accomplished.

mk4

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For those who don't get what this means:

In December of 2017 when bitcoin was at it's all time highs at around $19700, the total circulating supply of Bitcoin was just around 16.7 million. Today as we speak, since mining brings more bitcoin to the market, the total circulating supply is around 18.5 million.

Hence, while the peak bitcoin price of 2017 was higher, since the total circulating supply was lower(16.7M), the market cap is also lower.

December 2017 ATH: $19,700 * 16.7 million = $328.9 billion
Today: $17,980 * 18.5 million = $332.6 billion

DarkDays

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A growth in the market cap is exactly what we need to see, as a higher market cap means that new money is being pumped into the market rather than more BTC being unlocked.

This is the type of stimulus which will help it reach the highs everyone is excited about.

Teresa_FX1

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Bitcoin hit all time high market capitalization of almost $329B ! Still relatively small but with a growth potential like no other asset has.
https://bitcoinmagazine.com/articles/bitcoins-market-cap-hits-all-time-high

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