Crypto Market Will ‘Absolutely’ Grow 1000x and More

setupbounds

hero member

Activity: 910

Merit: 509

Quote from: Pursuer on September 18, 2018, 04:21:32 AM

Quote from: Wind_FURY on September 18, 2018, 03:58:17 AM

Quote from: o_e_l_e_o on September 13, 2018, 02:12:37 PM

A growth of 1000 times would give a market cap of $200 trillion. The entire stock market is roughly $73 trillion. Global real estate market is around $217 trillion.

Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.

I am a believer of Bitcoin becoming a world reserve currency one day, but a market cap of $200 trillion for all cryptocurrencies combined? No. There might not be enough extra liquidity in the world to support that claim. Where would all that wealth come from?

I believe Changpeng Zhao needs to go to the doctor and have his head examined.

you gotta trust in numbers when it comes to market cap because there is nothing else you can trust in when it comes to something that has no meaning.
people look at the number of coins and think 2000 is nothing but the reality when it comes to total marketcap is that the altcoins are being created at an alarming rate! I actually calculated the total number of coins in circulation 4 days ago and it was 18,992,064,409,496 (18 trillion) and today it is 19,045,916,973,830 (19 trillion). in other words a little less than 54 billion coins entered the circulation in only 4 days! considering that the average price of these <2000 altcoins excluding bitcoin is $179.36 that means $9,658,995,938,946 ($9.6 trillion) market cap was created in only 4 days!

you can calculate all of this using excel and coinmarketcap.com! and all of it is meaningless numbers.

I think the calculations were not made by him when he said this. I think he just tried to explain people that the world will see a crypto space that is much bigger than most stock exchanges and it will get big enough to mean something bigger than any other traditional investment methods we know.

He didn't mean the x1000 in literally sense, of course there could be some coins that go x1000 in the future but crypto space in general probably won't however he just made that number up just to show how hyped he is about the future of crypto. Maybe we should not take this word by word but just look at the general sense of what he wanted to say.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: 1Referee on October 07, 2018, 02:12:31 PM

Quote from: omonuyak on October 07, 2018, 01:50:32 PM

The founder's of binance has been bullish on cryptocurrencies for quite some time now and I think that is what other should do.

I don't think that's a valid reason to become bullish. Binance CEO has an exchange to operate within an industry that thrives on boom cycles in order to generate volume and attract new users. Even if the days of crypto are coming to an end he will tell you that crypto will grow 1000x in the forthcoming years.

that ignores why CZ launched an exchange to begin with. you think he launched an altcoin exchange last year because he thought crypto was about to crash forever? selling shovels isn't profitable when the gold rush is already over. Cheesy

he's obviously very bullish on cryptocurrency. he started at blockchain.info and then put okcoin on the map as CTO. the guy lives and breathes crypto and has made clear that he holds most of his wealth in crypto.

not that any of this matters. he could be entirely wrong. but i'm confident this isn't some sort of ploy to drive binance volumes up......

Quote from: 1Referee on October 07, 2018, 02:12:31 PM

Bitcoin's x1000 times are over, heck, we may not even see x100 anymore. I don't even see Ethereum do a x100 from where it is right now. The real party starts when the crypto market falls apart and only the main currencies manage to survive, and that time will come eventually.

i disagree. if/when the legacy financial world and central banks drive the bubble of bubbles, the liquidity vacuum that characterizes bitcoin can definitely cause spikes into the millions. price won't stay there, but i wouldn't be surprised whatsoever to see $10M bitcoins within the next 5-10 years.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: omonuyak on October 07, 2018, 01:50:32 PM

The founder's of binance has been bullish on cryptocurrencies for quite some time now and I think that is what other should do.

I don't think that's a valid reason to become bullish. Binance CEO has an exchange to operate within an industry that thrives on boom cycles in order to generate volume and attract new users. Even if the days of crypto are coming to an end he will tell you that crypto will grow 1000x in the forthcoming years.

Quote from: omonuyak on October 07, 2018, 01:50:32 PM

I believe that bitcoin is going to go 1000x in three to four years to come.

Bitcoin at $6500 x 1000 = $6,500,000 per coin. By the time that ever happens, $1 will have $0.001 purchasing power in today's world, which translates to $65,000 per coin.

Bitcoin's x1000 times are over, heck, we may not even see x100 anymore. I don't even see Ethereum do a x100 from where it is right now. The real party starts when the crypto market falls apart and only the main currencies manage to survive, and that time will come eventually.

omonuyak

sr. member

Activity: 882

Merit: 269

Quote from: A.H.Rassel on September 13, 2018, 01:27:52 PM

Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come.
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com

The founder's of binance has been bullish on cryptocurrencies for quite some time now and I think that is what other should do. I agree that we are still at the early stages of cryptocurrencies development and many big companies and governments has not come into the market yet. I believe that bitcoin is going to go 1000x in three to four years to come.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: pinoyden on October 07, 2018, 01:39:15 AM

Quote from: East2011 on October 06, 2018, 07:54:37 AM

I don't think so. Changpeng Zhao is also a human. I think its only his personal prediction because he is the CEO of binance. It does not mean that what he says will always come true.

he can make his own predictions come true if he will act on it . those guys are powerful and seem to have a lot of cash on their pocket , they also have a lot of connections which is also powerful like a whale and if ever they plan to buy a huge amount of cryptos at a single time , they can possibly grow the market 1000x or more .

aside from pumping the market , they can also dump it by doing the opposite move or by selling all thier hodlings .

Nah. The market in general would likely follow bitcoin's movement and i don't think there'll be any x1000 movement for btc anymore. It can still happen probably for upcoming alts that can be pumped that high or a lucky ico but that won't that the market with it. It's probably too late for well known coins to pump that high.

pinoyden

full member

Activity: 756

Merit: 102

Quote from: East2011 on October 06, 2018, 07:54:37 AM

I don't think so. Changpeng Zhao is also a human. I think its only his personal prediction because he is the CEO of binance. It does not mean that what he says will always come true.

he can make his own predictions come true if he will act on it . those guys are powerful and seem to have a lot of cash on their pocket , they also have a lot of connections which is also powerful like a whale and if ever they plan to buy a huge amount of cryptos at a single time , they can possibly grow the market 1000x or more .

aside from pumping the market , they can also dump it by doing the opposite move or by selling all thier hodlings .

East2011

member

Activity: 454

Merit: 10

"Reserve Your Ledger at GYMLEDGER.COM"

I don't think so. Changpeng Zhao is also a human. I think its only his personal prediction because he is the CEO of binance. It does not mean that what he says will always come true.

nitammys

jr. member

Activity: 57

Merit: 2

Quote from: BitcoinMarketer39 on September 18, 2018, 02:10:58 AM

Quote from: A.H.Rassel on September 13, 2018, 01:27:52 PM

Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come.
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com

The price of the market will obviously increase even more since the growth of cryptocurrency or bitcoins is on a fibonnaci sequence.

Absolutely. The market is really growing every single day and year and for what it is worth, I would not expect it to lag in growth at least not anytime soon. A lot of people must have mentioned that this could be impossible due to the nature of the market cap and the volume by then, but then, I really do not see how this can be impossible as long as new coins are being created every day, there gets to be a value for it and so on, but I guess only time will tell.

forked human

newbie

Activity: 41

Merit: 0

Quote from: Pursuer on September 18, 2018, 02:37:30 AM

Quote from: wuvdoll on September 17, 2018, 10:59:28 PM

Quote from: iv4n on September 15, 2018, 11:02:59 AM

Just don`t wish it next year, but in next 20 we will have a lot more coins and tokens, many halvings, and more people in crypto.

20 seems reasonable time period to have such a big growth. We also have to understand that not everyone globally is absolutely going to end up being in this space, as some will be limited, accessible to some, and it would be a personal decision for some. Also in this case, we are talking about the whole world moving into the crypto space, with a market cap like this, and I wonder how that in itself is really going to work out. Do we even have up to 204 trillion dollar in the whole global market?

to reach 204 trillion market cap you don't need money! you just need to create a lot more shitcoins and increase the supply. it is a simple formula that can easily be manipulated. you have x and y that you multiply and get the total market cap you need money to increase x (being the price) but since you can't do that you increase the other variable which is y (being the supply) and you easily get the huge number. just like what happened last year.

Hmm. That is actually one way to look at it. Increasing the supply could actually work, but what still makes me not dig that much is that, even if the supply is increased, the coin will be in the market, and then, those who are buying it are definitely doing so with money isn't it? Or maybe I am getting myself more confused here but in reality, someone would have to be paying for something for it to even have value in the first place but I totally understand how that can balance up in a way with the increase in supply I guess.

thecodebear

hero member

Activity: 2240

Merit: 848

Quote from: o_e_l_e_o on September 13, 2018, 02:12:37 PM

A growth of 1000 times would give a market cap of $200 trillion. The entire stock market is roughly $73 trillion. Global real estate market is around $217 trillion.

Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.

Yeah exactly 1000 times is completely absurd. 100x is definitely possible, with Bitcoin also having the potential to grow 100x as well.

ssmc2

legendary

Activity: 2002

Merit: 1040

Quote from: 1Referee on September 21, 2018, 10:06:54 AM

Quote from: timerland on September 19, 2018, 04:23:42 PM

Although one of the likely things to happen to me is that people will start to see that the ICO markets are saturated and move onto other, existing decentralized coins to invest in. This could potentially mean a resurgence of bitcoin dominance.

I think the whole ICO thing will at some point implode and people won't even talk about it anymore after a couple of years. It happened with fiat based crowd funding platforms as well; there was a massive initial rush where people pumped money left and right in anything they believed could yield a decent profit, and most of them got burned. It left a bad taste in their mouth and then even more regulations kicked in and the initial rush vanished not long after that.

ICO's aren't a use. It's a weakness for the platform that hosts these projects. All you are doing is hand over all the voting power in form of circulating supply to competitors, and as we can see with Ethereum, it doesn't end well. Projects got burned, people got burned, and Ethereum itself got burned. The real winner here is EOS.

Man, you had me until that last sentence lol

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: timerland on September 19, 2018, 04:23:42 PM

Although one of the likely things to happen to me is that people will start to see that the ICO markets are saturated and move onto other, existing decentralized coins to invest in. This could potentially mean a resurgence of bitcoin dominance.

I think the whole ICO thing will at some point implode and people won't even talk about it anymore after a couple of years. It happened with fiat based crowd funding platforms as well; there was a massive initial rush where people pumped money left and right in anything they believed could yield a decent profit, and most of them got burned. It left a bad taste in their mouth and then even more regulations kicked in and the initial rush vanished not long after that.

ICO's aren't a use. It's a weakness for the platform that hosts these projects. All you are doing is hand over all the voting power in form of circulating supply to competitors, and as we can see with Ethereum, it doesn't end well. Projects got burned, people got burned, and Ethereum itself got burned. The real winner here is EOS.

zazarb

legendary

Activity: 3542

Merit: 1548

Get loan in just five minutes goo.gl/8WMW6n

All people can openly express their thoughts anywhere and anytime, so Changpeng Zhao did so. And he is correct saying that crypto still has room to grow, but I personally don't think that bitcoin can rise that much. So it is sounds like another speculation

timerland

hero member

Activity: 1526

Merit: 596

If he's talking about the entire crypto market but not just the ICO markets, then yeah, I definitely think that is possible.

Even though I don't believe it's likely to be something occurring in the next few years per se, if given enough time, the adoption levels of crypto should grow drastically to the point where bull markets could bring prices up much further than we've seen.

Although one of the likely things to happen to me is that people will start to see that the ICO markets are saturated and move onto other, existing decentralized coins to invest in. This could potentially mean a resurgence of bitcoin dominance.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: Wind_FURY on September 18, 2018, 03:58:17 AM

Quote from: o_e_l_e_o on September 13, 2018, 02:12:37 PM

A growth of 1000 times would give a market cap of $200 trillion. The entire stock market is roughly $73 trillion. Global real estate market is around $217 trillion.

Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.

I am a believer of Bitcoin becoming a world reserve currency one day, but a market cap of $200 trillion for all cryptocurrencies combined? No. There might not be enough extra liquidity in the world to support that claim. Where would all that wealth come from?

I believe Changpeng Zhao needs to go to the doctor and have his head examined.

you gotta trust in numbers when it comes to market cap because there is nothing else you can trust in when it comes to something that has no meaning.
people look at the number of coins and think 2000 is nothing but the reality when it comes to total marketcap is that the altcoins are being created at an alarming rate! I actually calculated the total number of coins in circulation 4 days ago and it was 18,992,064,409,496 (18 trillion) and today it is 19,045,916,973,830 (19 trillion). in other words a little less than 54 billion coins entered the circulation in only 4 days! considering that the average price of these <2000 altcoins excluding bitcoin is $179.36 that means $9,658,995,938,946 ($9.6 trillion) market cap was created in only 4 days!

you can calculate all of this using excel and coinmarketcap.com! and all of it is meaningless numbers.

BlackSociety

jr. member

Activity: 140

Merit: 1

I think the most convincing thing is to tell us where the funds for the market will come from, and what will happen in the market to attract more investors!

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: o_e_l_e_o on September 13, 2018, 02:12:37 PM

A growth of 1000 times would give a market cap of $200 trillion. The entire stock market is roughly $73 trillion. Global real estate market is around $217 trillion.

Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.

I am a believer of Bitcoin becoming a world reserve currency one day, but a market cap of $200 trillion for all cryptocurrencies combined? No. There might not be enough extra liquidity in the world to support that claim. Where would all that wealth come from?

I believe Changpeng Zhao needs to go to the doctor and have his head examined.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: wuvdoll on September 17, 2018, 10:59:28 PM

Quote from: iv4n on September 15, 2018, 11:02:59 AM

Just don`t wish it next year, but in next 20 we will have a lot more coins and tokens, many halvings, and more people in crypto.

20 seems reasonable time period to have such a big growth. We also have to understand that not everyone globally is absolutely going to end up being in this space, as some will be limited, accessible to some, and it would be a personal decision for some. Also in this case, we are talking about the whole world moving into the crypto space, with a market cap like this, and I wonder how that in itself is really going to work out. Do we even have up to 204 trillion dollar in the whole global market?

to reach 204 trillion market cap you don't need money! you just need to create a lot more shitcoins and increase the supply. it is a simple formula that can easily be manipulated. you have x and y that you multiply and get the total market cap you need money to increase x (being the price) but since you can't do that you increase the other variable which is y (being the supply) and you easily get the huge number. just like what happened last year.

BitcoinMarketer39

full member

Activity: 392

Merit: 100

ADABsSsSsSsSSSsS

Quote from: A.H.Rassel on September 13, 2018, 01:27:52 PM

Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come.
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com

The price of the market will obviously increase even more since the growth of cryptocurrency or bitcoins is on a fibonnaci sequence.

wuvdoll

legendary

Activity: 1442

Merit: 1025

Quote from: Mehedi72 on September 14, 2018, 08:43:34 AM

"Nothing Is Possible In Crypto World"
So should be Optimistic Wink

Well at the end of this year, expected price should be 2x
Asto my individual opinion

Firstly, that should be nothing is impossible in the crypto world, and secondly it is just a normal saying based on experience and not a proverb as you said it. That is a sentence that I am sure is clear to even my 2 year old kid. Market can grow outrageously in the long run and however it tends to is best known with time as no one can predict the future but in this case, and as some people have mentioned it, it seems to be a lot to wrap one's head around, considering the level at which the market cap will be in such scenario

Quote from: iv4n on September 15, 2018, 11:02:59 AM

Just don`t wish it next year, but in next 20 we will have a lot more coins and tokens, many halvings, and more people in crypto.

20 seems reasonable time period to have such a big growth. We also have to understand that not everyone globally is absolutely going to end up being in this space, as some will be limited, accessible to some, and it would be a personal decision for some. Also in this case, we are talking about the whole world moving into the crypto space, with a market cap like this, and I wonder how that in itself is really going to work out. Do we even have up to 204 trillion dollar in the whole global market?

javadsalehi

member

Activity: 364

Merit: 13

Since bitcoin has been created, its price has risen very much. The innovative idea behind bitcoin and other cryptocurrencies attracted many people. For rising 1000 times more, many things must changed.
First bitcoin must completely accepted by the governments. Bitcoin must reach its main purpose. It means making a payment using bitcoin must be available every where. In other words, bitcoin must become the first currency in the world.

glowing10

full member

Activity: 812

Merit: 142

Quote from: rodalutor on September 14, 2018, 04:15:56 AM

What he's saying isn't wrong I just don't believe it's very likely. Though it also depends on what you are measuring growth, if it is market cap then that's a stretch but adoption I think is far more feasible.

Adoption will start to happen when government come forward and make it legalize and ask the business to start accepting the btc as a payment option. But till then that 100x adoption is not possible and price it will grow but multiple times and not like 100x.

rodalutor

full member

Activity: 364

Merit: 105

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: magneto on September 16, 2018, 04:07:53 PM

Quote from: A.H.Rassel on September 13, 2018, 01:27:52 PM

Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come.
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com

I mean, it's possible.

Given that fiat currencies around the world will be on a constant decline due to the government debasing the currency, it would be no surprise in the long run if decentralised cryptos held up its value against such depreciation, leading to a rise in nominal value. Besides, demand for bitcoin should increase drastically as well.

However, it's hard to see this happen in the short term like he claims, "in years to come". More likely than not widespread adoption isn't going to come any time soon at this stage, and a rise 1000 fold currently does seem quite an unrealistic figure for the short term given that we already experienced a pretty big bull market last year.

The first part is true for near everything that has any sort of limit on supply, land or houses for example largely would follow the same path, along with precious metals etc.

From a pure mathematical point of view 1000x doesn't seem that much given that bitcoin has already achieved more than that in growth but when you look at it in real terms it's hard for anything to sustain such growth. I think any sort of a mega bull run would still not take us close to those levels until such a scenario as you spoke of when FIAT value continues to decrease due to the increases in supply.

magneto

hero member

Activity: 1666

Merit: 753

Quote from: A.H.Rassel on September 13, 2018, 01:27:52 PM

Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come.
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com

I mean, it's possible.

Given that fiat currencies around the world will be on a constant decline due to the government debasing the currency, it would be no surprise in the long run if decentralised cryptos held up its value against such depreciation, leading to a rise in nominal value. Besides, demand for bitcoin should increase drastically as well.

However, it's hard to see this happen in the short term like he claims, "in years to come". More likely than not widespread adoption isn't going to come any time soon at this stage, and a rise 1000 fold currently does seem quite an unrealistic figure for the short term given that we already experienced a pretty big bull market last year.

rodalutor

full member

Activity: 364

Merit: 105

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: gabmen on September 16, 2018, 02:17:02 AM

Quote from: Ararbermas on September 16, 2018, 01:49:04 AM

Well it's a good news mate .but i don't think people will believe on this kind of news because of being so hopeless as of now about the current situation of the market. by the way thanks for sharing this good news mate because it's a big help to convince more investors to be brave on this circumstance.

Well not being optimistic about that much growth isn't being hopeless but just a little realistic. Of course there's still a lot of room to grow for the entire market but i don't think a thousand times is likely. Bitcoin especially probably will have a steady growth but with everything that happened, i'm not expecting another '17 run.

This is so important of a point. It's one thing that infuriates me in the crypto community. In so many cases all things are positive or negative in absolute. People need to realise that there's an in between. You can disagree with something that's a positive outlook without having a negative outlook on things. I find in crypto as soon as you question something or disagree with something people are quick to label you as a FUDster.

Pixstxbtm

newbie

Activity: 89

Merit: 0

If knowledge is only bragging, then I think cryptocurrencies may have more than 10,000 times growth in the future, but if we look at the facts, where can the money for cryptocurrency growth come from? ?I'm curious!

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: Ararbermas on September 16, 2018, 01:49:04 AM

Well it's a good news mate .but i don't think people will believe on this kind of news because of being so hopeless as of now about the current situation of the market. by the way thanks for sharing this good news mate because it's a big help to convince more investors to be brave on this circumstance.

Well not being optimistic about that much growth isn't being hopeless but just a little realistic. Of course there's still a lot of room to grow for the entire market but i don't think a thousand times is likely. Bitcoin especially probably will have a steady growth but with everything that happened, i'm not expecting another '17 run.

Ararbermas

sr. member

Activity: 2016

Merit: 283

Well it's a good news mate .but i don't think people will believe on this kind of news because of being so hopeless as of now about the current situation of the market. by the way thanks for sharing this good news mate because it still a big help to convince more investors to be brave on this circumstance.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: o_e_l_e_o on September 13, 2018, 02:12:37 PM

A growth of 1000 times would give a market cap of $200 trillion. The entire stock market is roughly $73 trillion. Global real estate market is around $217 trillion.

Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.

I don't think Bitcoin has to replace the dollar to achieve that. We're talking about the global market cap. In that scenario, Bitcoin's market cap might be closer to a small multiple of gold, or a sizeable fraction of the stock market. That doesn't seem unreasonable to me, if it continues on this trajectory towards being a widely accepted hedging asset.

And pooya87 brings up a good point too. If altcoins keep getting churned out by the thousands, that can really inflate the total cryptocurrency market's value based on little more than large circulating supplies and low-volume markets. It might not even matter what Bitcoin does. Cheesy

iv4n

legendary

Activity: 3332

Merit: 1191

Quote from: Kevin77 on September 15, 2018, 10:48:44 AM

Quote from: Dreamace7 on September 13, 2018, 02:07:58 PM

People are free to air their opinions and views on the cryptocurrency market, and how high it can rise.
I personally don't think that bitcoin can rise that much.
Over the next months (and possibly years) I feel the bitcoin market would stabilize, with more adoptions and circulation, it would always be volatile and the price would always fluctuate though. But by a smaller margin.

Yes. It is a free world and everyone is for sure entitled to what they feel but in the real sense, it is not something very realistic. First, to correct you, Zhao was not just referring to bitcoin, but the whole crypto space in general. For that kind of thing happening, just take the current market capitalization and multiply it by 1000 to see what that gives you and comparing to the amount of money available worldwide, see if this is something possible or not. I may be wrong, but does not seem like it.

Even though Vitalik does not support the statement that 1000x can even still be possible, well, it is still a very good belief. I know we still have more room to grow but at the same time, no one can really tell how far the space in this room can be occupied as there would always be several factors that would make things end up not seeming how we want it. With a thousand fold in the long run, we are talking about trillion of dollars market cap, which sounds a whole lot.

Actually math is very simple, market cap is 204 billion dollars, if you multiply that with 1000 you will get 204 trillion dollars market. Is that possible to happen? Of course it is, there are so many cryptocurrencies at the moment, most of them just began to grow, unlike bitcoin, litecoin, ethereum and others that are around for a while. Market will grow, I will quote CEO from Coinbase once again : "Billion people in crypto in next 5 years" That is huge, if that happens in 10 years there will be 2 billion people and crypto market cap will be trillions, maybe hundred trillion dollars. At the first this sound like way optimistic prediction, but crypto market has a lot of space for growing and x 1000 is very possible to happen in 5-10 years or more. Just don`t wish it next year, but in next 20 we will have a lot more coins and tokens, many halvings, and more people in crypto.

Kevin77

legendary

Activity: 1652

Merit: 1057

Quote from: Dreamace7 on September 13, 2018, 02:07:58 PM

People are free to air their opinions and views on the cryptocurrency market, and how high it can rise.
I personally don't think that bitcoin can rise that much.
Over the next months (and possibly years) I feel the bitcoin market would stabilize, with more adoptions and circulation, it would always be volatile and the price would always fluctuate though. But by a smaller margin.

Yes. It is a free world and everyone is for sure entitled to what they feel but in the real sense, it is not something very realistic. First, to correct you, Zhao was not just referring to bitcoin, but the whole crypto space in general. For that kind of thing happening, just take the current market capitalization and multiply it by 1000 to see what that gives you and comparing to the amount of money available worldwide, see if this is something possible or not. I may be wrong, but does not seem like it.

Even though Vitalik does not support the statement that 1000x can even still be possible, well, it is still a very good belief. I know we still have more room to grow but at the same time, no one can really tell how far the space in this room can be occupied as there would always be several factors that would make things end up not seeming how we want it. With a thousand fold in the long run, we are talking about trillion of dollars market cap, which sounds a whole lot.

Mehedi72

full member

Activity: 760

Merit: 109

PredX - AI-Powered Prediction Market

Quote from: A.H.Rassel on September 13, 2018, 01:27:52 PM

Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come.
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com

What he has said, is his Individual Observational comment and aslo sounds redeculos but There is a provarb that
"Nothing Is Possible In Crypto World"
So should be Optimistic Wink

Well at the end of this year, expected price should be 2x
Asto my individual opinion

nl247

full member

Activity: 518

Merit: 145

Quote from: avikz on September 13, 2018, 01:59:01 PM

CZ's statement is absolutely a personal one. It is his personal thought that crypto market will grow thousand fold in future. This claim doesn't have a solid ground and he has spoken out of his own speculation. Anyone in this world can make such speculation.

However, if not 1000 fold, cryptos definitely have the potential to beat the previous ATH price. But the adoption rate should be increased in order to achieve that. Being a CEO of Binance, his words certainly have a value to the market, but 1000 fold looks really unrealistic.

I am just wondering when we will beat the earlier ATH barrier! Let this hapoen first, we will then think about the 1000 fold increase!

Very unrealistic to me as well. Based on an article on businessinsider, according to the CIA, the total amount of money present in the world is $80 trillion if you include "broad money.", which I do not know how factual the figure is, but let's even say this is the case, considering a 1000 fold increase at this stage is like multiplying the current market cap by 1000 and that should leave us at, 198,373,874,858,000 Shocked

...

Sounds very much unrealistic as far as I am concerned, when coupling with the fact that there would always be some factions in the world left out in terms of adoption.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: o_e_l_e_o on September 13, 2018, 02:12:37 PM

A growth of 1000 times would give a market cap of $200 trillion. The entire stock market is roughly $73 trillion. Global real estate market is around $217 trillion.

Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.

Actually, it looks pretty unrealistic in the near future that crypto market can reach to such high value - especially if we look how far away we are in this moment from "only" 1 trillion $ crypto market. The fact is that there is a huge amount of money in the world which is located in different assets, and if some of that money is relocated to crypto we can see trillion $ market - but as is stated in article to reach 200$ trillion crypto market we need to get to this point :

Quote

At $200 trillion, cryptocurrencies would be utilized as the main source of payment. Every merchant in the world would be utilizing cryptocurrencies over credit cards and cash, wealthy individuals would hold trillions of dollars in cryptocurrencies over offshore bank accounts, and the banks would no longer operate on top of fiat but on cryptocurrencies.

rodalutor

full member

Activity: 364

Merit: 105

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

What he's saying isn't wrong I just don't believe it's very likely. Though it also depends on what you are measuring growth, if it is market cap then that's a stretch but adoption I think is far more feasible.

infonik

newbie

Activity: 107

Merit: 0

I think he is exaggerating the facts, although I agree that cryptocurrencies can still multiply in the future, but not all coins can achieve such growth!

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: o_e_l_e_o on September 13, 2018, 02:12:37 PM

A growth of 1000 times would give a market cap of $200 trillion. The entire stock market is roughly $73 trillion. Global real estate market is around $217 trillion.

Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.

market doesn't really need to grow for the market capitalization to reach $200 trillion. we only need to surpass a certain number of altcoins! currently we are close to 2000, i would guess somewhere around 7000 altcoins we can reach $200 trillion market cap since it only depends on how many coins are in circulation, so far with nearly 2000 coins we have a couple of hundred trillion in circulation and there will be a lot more of them in the future. they don't even have to worth much to push the total MC to $200 trillion.
... and that is why MC is meaningless...

Binugon

jr. member

Activity: 182

Merit: 1

Quote from: A.H.Rassel on September 13, 2018, 01:27:52 PM

Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come.
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com

This is the hope of Zhao who is then made a statement, because the statement is not supported by accurate data, good predictions are supported by accurate data and facts, from a collection of causes that will cause that the crypto market will grow 1000, with the theory that is clearly concluded to be a statement, from this Zhao statement I did not find it all

o_e_l_e_o

legendary

Activity: 2268

Merit: 18748

Quote from: gentlemand on September 13, 2018, 05:08:16 PM

He is just a teensy bit incentivised to keep his audience wet between the legs.

Exactly. These ridiculous claims are no different than JP Morgan or Goldman Sachs claiming that bitcoin is a scam and will fall to zero within a year.

People are selfish - they say what will benefit them the most, regardless of truth.

pitiflin

hero member

Activity: 980

Merit: 507

Quote from: avikz on September 13, 2018, 01:59:01 PM

CZ's statement is absolutely a personal one. It is his personal thought that crypto market will grow thousand fold in future. This claim doesn't have a solid ground and he has spoken out of his own speculation. Anyone in this world can make such speculation.

However, if not 1000 fold, cryptos definitely have the potential to beat the previous ATH price. But the adoption rate should be increased in order to achieve that. Being a CEO of Binance, his words certainly have a value to the market, but 1000 fold looks really unrealistic.

I am just wondering when we will beat the earlier ATH barrier! Let this hapoen first, we will then think about the 1000 fold increase!

These famous people need to stop giving idiots the getaway hand. People look up to them, and read what they say, and this speculation of theirs is gonna make people believe in something that may never be true. Personal statements affect the markets. 1000 fold is a beyond ridiculous claim. Crypto has potential but if regulation kicks in full on, then crypto is fucked from all sides.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

He is just a teensy bit incentivised to keep his audience wet between the legs.

There'll be many nothings that grow 1000x. Could the market as a whole grow by that amount in current buying power from here? Not unless we suddenly develop portals to a million parallel Earths in other dimensions.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: A.H.Rassel on September 13, 2018, 01:27:52 PM

Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come.
What you think about this news?... (https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com

i guess this is a response to vitalik buterin's recent statements. if i had to choose between the two based on market experience and expertise, i'd definitely choose CZ. given the scope of his work at okcoin and binance over the years, i think he's in a much better position to speak to the nature of markets and at measuring untapped demand. that's why he was so successful with binance's launch.

i personally think there are many more 1000x opportunities to come. i've seen the effects of hype, greed, and low circulating supply and i'd be surprised if the cycle didn't play out again.

bekkioPEK

member

Activity: 356

Merit: 12

1000x would be the turning point of my life, I think of the life of some everyone here on the forum. it will not happen, I would already be happy with a 50x. hold and patience, a lot of patience

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Possible. I'd love to see opinions like this than to hear those negative views about crypto market. Optimistic views like this are mostly ignored by the people who wants to step in and has their own agenda to do something to the market so they can take the step first and gain a wide control to it.

Quote from: Gozie51 on September 13, 2018, 04:01:15 PM

I think what cz could be saying is that cryptocurrency is here to stay

Yes he do.

Gozie51

hero member

Activity: 2660

Merit: 630

Vave.com - Crypto Casino

I think what cz could be saying is that cryptocurrency is here to stay, make more impact in the financial system, grow and be properly recognized also as a means of payment.

Quote from: paulk11087 on September 13, 2018, 02:17:05 PM

It's possible, but it will take a really long time to get it. It will not be easy at all.

Surely it won't be easy or might be impossible because of its attachment with the internet which is one factor that will work against it.

For instance, computer has been long in the society but many still don't know how to operate it.

franky1

legendary

Activity: 4410

Merit: 4788

i agree it can.
at the moment bitcoin is ~$6000.. lets call it 6000 loaves of bread value.

when the dollar hyper inflates so that $1m only buys 1 loaf of bread. we will measure bitcoin as $6billion each. where by it stil only buys us a loaf of bread and fee's will hopefully be around the value of a single slice of bread.

..
so we dont have to hope bitcoins value goes up (more loaves of bread per btc).. we also have the dollar hyper inflation that will raise bitcoins $ amount

tomahawk9

hero member

Activity: 2086

Merit: 994

Cats on Mars

I respect Changpeng Zhao's opinion, but let's be honest, 1000x sounds absolutely unrealistic. Even with the adoption phase going full mainstream worldwide (which could definetly shoot up the prices by a lot) where every merchant is accepting either Bitcoin or any other crypto as payment, the market wouldn't grow as much as 1000x, and there's nothing in the long-term that could trigger such massive grow to the levels Zhao mentions.

Even though it sound bullish (not surprising since it's coming from Binance's CEO), such massive grow simply sounds far-fetched in a realistic scenario.

beatzcoin123

jr. member

Activity: 184

Merit: 2

going by CZ 'binance' ceo analysis, i would have a varying opinion, in my own opinion, going by the crypto space activities, it is possible for for the crypto space to increase by 1000x but not in price but in size as more and more cryptocurrencies are yet to be introduced, those already in existence are striving to gain mass adoption.

Trustor

full member

Activity: 342

Merit: 100

1000x is way too optimistic. That can NEVER happen. Gone are the days when the market would hit 1000x benchmark, that is no longer the case. Now, at max, the best you can expect is your coin to do 2-3x and that too distributed over a year or so. That is it. No point getting too optimistic.

paulk11087

sr. member

Activity: 987

Merit: 254

For that to happen, I think the only currency in the world should be crypto money. It's possible, but it will take a really long time to get it. It will not be easy at all. I hope we can see them soon.

o_e_l_e_o

legendary

Activity: 2268

Merit: 18748

A growth of 1000 times would give a market cap of $200 trillion. The entire stock market is roughly $73 trillion. Global real estate market is around $217 trillion.

Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.

Dreamace7

jr. member

Activity: 126

Merit: 1

: ”Decentralized Digital Billboards”

People are free to air their opinions and views on the cryptocurrency market, and how high it can rise.
I personally don't think that bitcoin can rise that much.
Over the next months (and possibly years) I feel the bitcoin market would stabilize, with more adoptions and circulation, it would always be volatile and the price would always fluctuate though. But by a smaller margin.

avikz

legendary

Activity: 3080

Merit: 1500

CZ's statement is absolutely a personal one. It is his personal thought that crypto market will grow thousand fold in future. This claim doesn't have a solid ground and he has spoken out of his own speculation. Anyone in this world can make such speculation.

However, if not 1000 fold, cryptos definitely have the potential to beat the previous ATH price. But the adoption rate should be increased in order to achieve that. Being a CEO of Binance, his words certainly have a value to the market, but 1000 fold looks really unrealistic.

I am just wondering when we will beat the earlier ATH barrier! Let this hapoen first, we will then think about the 1000 fold increase!

A.H.Rassel

sr. member

Activity: 560

Merit: 251

Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come.
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com

Topic: Crypto Market Will ‘Absolutely’ Grow 1000x and More (Read 585 times)