BTC > Silver | Bitcointalksearch.org

BlackBoss_

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Quote from: JeffBrad12 on November 21, 2024, 09:03:19 PM

still don't know if reaching the market cap of gold is possible but one thing for sure I think it's possible for BTC to surpass aapl at one point or even nvda, let us be frank crypto actually has good utility as of now, a store of value that's deflationary, and the alts have the function for defi, basically the future of finance.
the world can't afford to just stay with traditional way of dealing with finance, eventually we'd see more wider usecase for all these tech revolving around blockchain.

Capital inflow is key to make it possible and with Bitcoin Spot ETF approvals in the USA, and other nations, we're going to make it possible and achievable too.

It will take a quite long time for Bitcoin to reach, then surprass market cap of gold, but I believe Bitcoin will make it. We as current Bitcoiners and more people as new Bitcoiners in future years, future market cycles, will make it becomes true.

Time flies fast and Bitcoin adoption grows very fast too.
https://thelittlehodler.com/wp-content/themes/yootheme/cache/ea/198-It-Wont-Be-Easy-But-It-Will-Be-Worth-It-Web-scaled-ea93fb50.webp

Zanab247

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If I have the opportunity to buy one of those asset, BTC will be my favorite asset because there is a confidence that you are going to earn profit from BTC trading in the future, and with the current price in the market make some people to believe that BTC is profitable than silver, and other asset. You can trade other asset anyhow in the market, but don't trade BTC anyhow because the longer you hodl BTC, the bigger your profit will be because BTC use to break into a new price every 4 years which is an opportunity for those that will trade at that moment to earn good profit from BTC.

Do you know some traders has stop trading their BTC now, because there is a clear sign that the price will hit $100k in this month of November before they can trade to earn a good profit, and it will be difficult for you to get such profit from silver asset.

JeffBrad12

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still don't know if reaching the market cap of gold is possible but one thing for sure I think it's possible for BTC to surpass aapl at one point or even nvda, let us be frank crypto actually has good utility as of now, a store of value that's deflationary, and the alts have the function for defi, basically the future of finance.
the world can't afford to just stay with traditional way of dealing with finance, eventually we'd see more wider usecase for all these tech revolving around blockchain.

at some point people will realize that aapl have inferior fundamental compared to bitcoin.

pawel7777

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Quote from: dzungmobile on November 21, 2024, 02:54:11 AM

Bitcoin surpassed Silver in market cap ranking but it can lose this leading position to silver in a next bear market. This is very possible but it is not important because I wait for years when Bitcoin solidly stands above silver in market cap ranking table and I expect it to happen in 2028 - 2029 bull run.

Sure, Bitcoin will probably drop back below Silver when the bull run ends, especially when, as many predict, we are to enter in the stock market crash in the not-so-distant future, which is also likely to pull Bitcoin down and probably prop up precious metals.
But let's enjoy it while it lasts, and who knows how things will unfold. I don't expect the 4-year cycle pattern to last forever and it's possible that this one is a last one, and if so, maybe we won't see such a drastic decline during the bear market.

Quote from: dzungmobile on November 21, 2024, 02:54:11 AM

In near future, I don't know when like you, Bitcoin will jump to a fifth position with market cap higher than $2,1T which is market cap of Amazon and Alphabet. Fro Microsoft, Google, NVIDIA, Bitcoin will need more time, like one or two more market cycles, so it will possibly be done in 2028 or 2032.

Google (Alphabet) dropped by nearly 5% today while bitcoin gained by a similar amount. This means we only need +6% to topple Google and won't be far behind Amazon.

AprilioMP

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In the top 10, Bitcoin was able to rank seventh. Given the price of bitcoin that changes (up and down and down) that is uncertain (anytime it can happen), then the current order occupied by Bitcoin who is able to step over Saudi Aramco, then that is good. At least with the current market conditions, beating gold in the top is impossible, but to rise and ranks in the top four can occur.
The top ranked, I can't estimate it. Hopefully it can be even though it takes time.

Iranus

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Quote from: TheUltraElite on November 21, 2024, 09:28:15 AM

I dont suggest silver to anyone investing in precious metals, but gold yes. So I would rather see bitcoin cross gold apart from stocks individually.

In fact, silver is a metal with a history as old as gold, but it is not talked about as much as gold and is not a superior investment to consider. So I'm not excited about bitcoin surpassing silver or companies like Apple or Google, what I'm interested in is when it surpasses gold because it's the most valuable and overvalued asset right now.

Quote from: TheUltraElite on November 21, 2024, 09:28:15 AM

With this bull run happening these comparisons are coming up every few weeks and people get to gloat over their holdings. But we must understand one ground reality, precious metals and crypto are two different asset classes with different pros and cons. Depending on your risk profile and legal issues, both may not be feasible.

I would recommend gold and bitcoin and not silver. Even then both classes of assets should be owned by every diligent investor.

This is just a fun comparison for us to see that the growth of bitcoin is amazing and we can be proud of it as we are also bitcoin investors. But some people start gloating and belittling other properties based on this comparison, which I disagree with.

We always advise each other to diversify to reduce risk, but paradoxically, most people say no to gold and think it is not worth investing in gold. So, are we really diversified or are we investing all in bitcoin?

TheUltraElite

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So anyway, I applied as a merit source :)

I dont suggest silver to anyone investing in precious metals, but gold yes. So I would rather see bitcoin cross gold apart from stocks individually.

With this bull run happening these comparisons are coming up every few weeks and people get to gloat over their holdings. But we must understand one ground reality, precious metals and crypto are two different asset classes with different pros and cons. Depending on your risk profile and legal issues, both may not be feasible.

I would recommend gold and bitcoin and not silver. Even then both classes of assets should be owned by every diligent investor.

bettercrypto

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Quote from: pawel7777 on November 20, 2024, 06:37:32 PM

So here we are. What sounded impossible only a few years ago became a reality. Bitcoins market cap has officially surpassed silver.
And only today BTC has also beaten Saudi Aramco, a national oil company of Saudi Arabia and is now in 7th place of the top assets by market cap.
Next target: Amazon - for that to happen (assuming Amazon won't go up) we need BTC at around $108k.

To beat gold and get to the No. 1 spot, we'd need to make x9.5. Do you think it's possible?

It is possible that it will happen, but maybe not at this time, Even so, this is just my speculation, we know that when the price of bitcoin moves, it is very unpredictable.
Although, we all expect its price to rise but there is no definite time when.

Maybe in the next bull run that can happen, not in the bull run that we are facing now, just in my opinion again. Because honestly,
I am just now starting to save bitcoin.

dzungmobile

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Quote from: pawel7777 on November 20, 2024, 06:37:32 PM

So here we are. What sounded impossible only a few years ago became a reality. Bitcoins market cap has officially surpassed silver.
And only today BTC has also beaten Saudi Aramco, a national oil company of Saudi Arabia and is now in 7th place of the top assets by market cap.
Next target: Amazon - for that to happen (assuming Amazon won't go up) we need BTC at around $108k.

Bitcoin surpassed Silver in market cap ranking but it can lose this leading position to silver in a next bear market. This is very possible but it is not important because I wait for years when Bitcoin solidly stands above silver in market cap ranking table and I expect it to happen in 2028 - 2029 bull run.

In near future, I don't know when like you, Bitcoin will jump to a fifth position with market cap higher than $2,1T which is market cap of Amazon and Alphabet. Fro Microsoft, Google, NVIDIA, Bitcoin will need more time, like one or two more market cycles, so it will possibly be done in 2028 or 2032.

Quote

To beat gold and get to the No. 1 spot, we'd need to make x9.5. Do you think it's possible?

Yes, I think it is possible but Bitcoin will need several more cycles to beat gold which has been existing in many centuries while Bitcoin has been here since 2009 only.

If any beginner in Bitcoin market is doubtful about that super bullish scenario, let's read

The bullish case for Bitcoin.

Oshosondy

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A time is coming when bitcoin will be next to gold. It is only a matter of time.

Quote from: pawel7777 on November 20, 2024, 06:37:32 PM

And only today BTC has also beaten Saudi Aramco, a national oil company of Saudi Arabia and is now in 7th place of the top assets by market cap.

Are you sure about this? Bitcoin marketcap has been above Saudi Aramco since some days ago, not long after its marketcap became more than silver marketcap.

pawel7777

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Quote from: logfiles on November 20, 2024, 06:57:26 PM

Getting to the number one spot might take a while, but if the demand keeps going up, who know?

It won't happen this cycle and who knows if the price will keep moving according to the 4-year cycles in the future, since every next halving has twice as little effect on new coins issuance as the previous one.
For that to happen we'll probably need some sort of catalyst, like maybe some countries actually introducing BTC strategic reserve, and if one of those countries would be a US, then it would be just a matter of time for BTC to overtake gold.

Remembering Bitcoin's fairly early years, I'm still in disbelief we are where we are right now.

logfiles

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This made news a few days back. But give that Bitcoin price is quite volatile, you might see it going up and off the top ten from time to time. You know what happens during the bear market Wink

Getting to the number one spot might take a while, but if the demand keeps going up, who know?

pawel7777

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https://companiesmarketcap.com/gbp/assets-by-market-cap/

So here we are. What sounded impossible only a few years ago became a reality. Bitcoins market cap has officially surpassed silver.
And only today BTC has also beaten Saudi Aramco, a national oil company of Saudi Arabia and is now in 7th place of the top assets by market cap.
Next target: Amazon - for that to happen (assuming Amazon won't go up) we need BTC at around $108k.

To beat gold and get to the No. 1 spot, we'd need to make x9.5. Do you think it's possible?

Topic: BTC > Silver (Read 137 times)