Topic: Crypto Market Projection (Read 370 times)
If the next years we are waiting for growth in price then why not. 1.4 trillion are real numbers, but if bitcoin grows 60 times)))) Some analysts say that bitcoin will cost 50 k so time will tell.
The overall cryptocurrency market is projected to reach USD 1.40 billion by 2024.
What's your take on this?
And whose projection is that? And on what basis? How are the numbers computed, if it did not just come from some random portion of anybody's imagination?
Everybody can put on the table their own projections. You and I and everybody else could just compute it roughly and come up with a number. But without sound bases and explanation, it is nothing but mere hollow speculation.
And please, that single digit billion is already a thing of the past for crypto. We are by the hundreds of billions as of today. And for me it will not even reach 2022 before it transforms into trillions.
The overall cryptocurrency market is projected to reach USD 1.40 billion by 2024.
What's your take on this?
and that is the reason for the growing volume of transactions and the increasing demand, which has led to a strong increase in the value of bitcoin in recent years.
And when the whole market is only $ 1.4 billion, that's when we need to find new jobs to continue our lives. But which website do you get information from? Please give me the link to read more clearly about the intention.
Is that would be a kind of market absorption. Almost everyone believes for another breaking record that might Bitcoin can do again in the future. And thinking for 2024, ain't be sure for that cause still to say that everything will remain unpredictable and the market will change. Will all this market to the future of Bitcoin price.
Not everyone. A lot of people, especially in real life not outside this forum, believe that Bitcoin already made its record and will never again touch the same price.
They all think this is a bubble that is on the way down never to recover. And the banks and the governments will do their best to prove them right.
Is that would be a kind of market absorption. Almost everyone believes for another breaking record that might Bitcoin can do again in the future. And thinking for 2024, ain't be sure for that cause still to say that everything will remain unpredictable and the market will change. Will all this market to the future of Bitcoin price.
Not everyone. A lot of people, especially in real life not outside this forum, believe that Bitcoin already made its record and will never again touch the same price.
They all think this is a bubble that is on the way down never to recover. And the banks and the governments will do their best to prove them right.
The overall cryptocurrency market is projected to reach USD 1.40 billion by 2024.
What's your take on this?
in my opinion it is very possible that the cryptocurrency marketcap reaches 1.4 trillion, when bitcoin reaches ATH in early 2018, marketcap reaches 750 billion, and if in the next few years Bitcoin reaches a new ATH then the achievement of new marketcap will also be achieved
I think $1.4 trillion by 2024 sounds very reasonable. I would actually expect total market cap to exceed this. We are talking about 5 years time - look at where crypto was 5 years ago, and see how much has changed in terms of price. Even a cap of $1.4t is small in terms of global capital. There is a lot more room for growth.
This is just your personal prediction and we need to be more patient because this market still has a lot of problems in investing. I think everything will increase in the next few years, but in order to do that everyone needs to pay special attention to Blockchain technology because this is a technology that's being applied very well to our daily lives and makes everything here transparent.
As personal prediction, he should have at least show some charts where he is basing his prediction. Because if he's only giving that figure, it means nothing actually. Everyone can give their number and say something about it. But if you provide charts where you derive your calculations, maybe it would be a sound prediction and good basis of argument.
I think $1.4 trillion by 2024 sounds very reasonable. I would actually expect total market cap to exceed this. We are talking about 5 years time - look at where crypto was 5 years ago, and see how much has changed in terms of price. Even a cap of $1.4t is small in terms of global capital. There is a lot more room for growth.
This is just your personal prediction and we need to be more patient because this market still has a lot of problems in investing. I think everything will increase in the next few years, but in order to do that everyone needs to pay special attention to Blockchain technology because this is a technology that's being applied very well to our daily lives and makes everything here transparent.
you are right. currently the market doesnt grow that much because there is no new money which flows into the market from fresh investors. i think when the time has come and we come closer to the previous ath this could be the catalyst for new money which will be invested into the crypto market. so a marketcap of 1.45 $ is absolutely possible for the long run in my opinion.
The overall cryptocurrency market is projected to reach USD 1.40 billion by 2024.
What's your take on this?
I think you mean 1.4 trillion but not 1.4 million. The market capitalization has decreased to lower level in 2018, the bleak year for cryptocurrency. With the beginning of 2019, market cap has started increasing. I think market cap will reach 1.4 trillion even before 2024 as cryptocurrency is being adopted widely.
I thought as much too, because I expect us to be appreciating and not depreciating as we advance more into the cryptocurrency usage and with the way the adoption is growing, countries like Switzerland and the rest accepting it, cryptocurrency banks and atm being established in major countries, it would only be wise for us to say that by 2024, we will be heading to trillion in the market cap of bitcoin. This is therefore the assurance that the future would be bright for holders of bitcoin, imagine what the value of bitcoin will be when it grows to such amount, leaving the millions club into the trillion club. 2024 will welcome lots of people into the millionaires club also when their investment would have yielded a high rate of increase.
We do see some progress and we can presume that this will continue into upcoming years to come and reaching out that trillions of mcap.
I think $1.4 trillion by 2024 sounds very reasonable. I would actually expect total market cap to exceed this. We are talking about 5 years time - look at where crypto was 5 years ago, and see how much has changed in terms of price. Even a cap of $1.4t is small in terms of global capital. There is a lot more room for growth.
This is just your personal prediction and we need to be more patient because this market still has a lot of problems in investing. I think everything will increase in the next few years, but in order to do that everyone needs to pay special attention to Blockchain technology because this is a technology that's being applied very well to our daily lives and makes everything here transparent.
I think you mean 1.4 trillion but not 1.4 million. The market capitalization has decreased to lower level in 2018, the bleak year for cryptocurrency. With the beginning of 2019, market cap has started increasing. I think market cap will reach 1.4 trillion even before 2024 as cryptocurrency is being adopted widely.
I thought as much too, because I expect us to be appreciating and not depreciating as we advance more into the cryptocurrency usage and with the way the adoption is growing, countries like Switzerland and the rest accepting it, cryptocurrency banks and atm being established in major countries, it would only be wise for us to say that by 2024, we will be heading to trillion in the market cap of bitcoin. This is therefore the assurance that the future would be bright for holders of bitcoin, imagine what the value of bitcoin will be when it grows to such amount, leaving the millions club into the trillion club. 2024 will welcome lots of people into the millionaires club also when their investment would have yielded a high rate of increase.
Indeed, the spread of cryptocurrency is due not only to a narrow direction, since cryptocurrency can be used not only in trade or to pay for services, but also in different spheres of human activity that are at different poles, such as medicine or sea freight. There are quite interesting projects that I hope will be implemented by teams of professionals.
I do think that technological advances in the next few years will help to prepare the world for widespread crypto adoption. Things like the new 5G network will help in the spread of IoT, which in turn should help in extending smart contracts into the wider world and move these coins beyond merely being ICO platforms.
So I am confident that overall market cap by 2024 will be considerably higher than now.
So I am confident that overall market cap by 2024 will be considerably higher than now.
Things also have to grow for a reason, things don't just grow because of momentum (well, they can but it cannot be sustained). So even if we think less about the volatile spikes and parabolic growth every cycle of 2/3 years, we can't keep thinking the market will just grow over time simply because it always has been and because new coins will enter the market.
It's more meaningful to see in 5 years adoption rather than market.
yes, we really cannot hope we will repeat the momentum that occurs in the annual cycle. we can only see what's really happening in the market today. where market adoption does not support sustainable improvement. It may be that some coins can improve, but as you say, they won't last long. It's more meaningful to see in 5 years adoption rather than market.
I thought I would see something like charts or any other indicators yet this thread since it do talk about some projection towards market on upcoming years.
Talking about 1.40B on 5 years time? Possible but this wont really be an easy ride but would be a bumpy one.No one can predict on what would be the future
of crypto market knowing that regulation is one of the main problem of crypto on mainly being adopted that's why it cant really go full force when it comes to global use.
Each country do have their own jurisdiction towards crypto which is totally decentralized which is opposing into their main aim.They would rather create on their own
rather than adopting a thing which is something cant be controlled.
Things also have to grow for a reason, things don't just grow because of momentum (well, they can but it cannot be sustained). So even if we think less about the volatile spikes and parabolic growth every cycle of 2/3 years, we can't keep thinking the market will just grow over time simply because it always has been and because new coins will enter the market.
It's more meaningful to see in 5 years adoption rather than market.
I think you mean 1.4 trillion but not 1.4 million. The market capitalization has decreased to lower level in 2018, the bleak year for cryptocurrency. With the beginning of 2019, market cap has started increasing. I think market cap will reach 1.4 trillion even before 2024 as cryptocurrency is being adopted widely.
Its is a typo, it meant for million for sure. Is that would be a kind of market absorption. Almost everyone believes for another breaking record that might Bitcoin can do again in the future. And thinking for 2024, ain't be sure for that cause still to say that everything will remain unpredictable and the market will change. Will all this market to the future of Bitcoin price.
I think you mean 1.4 trillion but not 1.4 million. The market capitalization has decreased to lower level in 2018, the bleak year for cryptocurrency. With the beginning of 2019, market cap has started increasing. I think market cap will reach 1.4 trillion even before 2024 as cryptocurrency is being adopted widely.
I think $1.4 trillion by 2024 sounds very reasonable. I would actually expect total market cap to exceed this. We are talking about 5 years time - look at where crypto was 5 years ago, and see how much has changed in terms of price. Even a cap of $1.4t is small in terms of global capital. There is a lot more room for growth.
The overall cryptocurrency market is projected to reach USD 1.40 billion by 2024.
What's your take on this?
i believe 2024 crypto market will be more than $1,5 Trillion my friend
or doubled from the past highest market capitalizations,,
if i'm not wrong in january 2018 market cap of crypto reach about $800 Billion,
and maybe next year crypto market cap will touch about $1Trillion, after that will down hard
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