crypto's passed $100 billions mark...

Insanerman

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Quote from: NorrisK on June 06, 2017, 05:24:58 AM

Quote from: rumex on June 06, 2017, 05:19:38 AM

It is almost there. I believe before the end of the year the mark(100billion) will be surpassed.

https://coinmarketcap.com/ currently shows $100,614,370,464

It has already passed the park and continues to march forward.

Great news update with cryptocurrency indeed. Just imagine that value, Billions of dollars! We are now in the future, and this is it. Cryptocurrency will have a great role in the future in all our transactions in our daily lives.

glerant

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Quote from: mobnepal on June 06, 2017, 08:06:33 AM

Before growing much further, I am expecting a big correction. Investors will pull out their profit in fiat which can lead to bigger dump in price of alts. But as we already know after every correction there will be bigger pump ahead.

I think there will be corrections along the way. After all, cryptos are a welcome and, these days, rare example of a fully functioning market. However I think the bull has way, way further to go before cryptos reach Tulip bubble status. After all, they are useful in disrupting inefficient industries and raising productivity.

Available Gold is estimated to be worth $28.6 trillion according to this graphic that also shows Bitcoin and fiat money supply capitalisation graphics;

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

What do we think will happen to the net worth of crypto if blockchain technology turns out to be one hundredth as useful as gold?

Take a look at crypto like Etherium, Waves etc - this is only just the start. We are in the same place as folk who lent Larry Page and Sergey Brin money back in '98.

benthach

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Quote from: NUFCrichard on June 06, 2017, 07:43:25 AM

Quote from: benthach on June 06, 2017, 04:33:52 AM

do you think crypto continue throughout this summer to $200billions+ mark?
yes, i think it will be close to it.

A billion here and billion, soon enough your talking about some real money!
On a more serious note, $100bil is a big landmark, does that mean that crypto is worth more than the richest person in the world?

Apple is worth $800bil, but then there are lots more Apple users than Bitcoin users, and they probably spend more per person, at least the median amount, on Apple products.
I don't really think that Bitcoin should be worth more than Apple, I used to think it was stupid that Zynga was worth more than Bitcoin, but now Bitcoin is up with some big players!

Ah, the value of crypto shouldn't be base on users
you see, the richest iPhone user could have 10 or 20 expensive iPhone which cost $5,000 to $10,000 but the richest crypto investor could have hundreds of millions in crypto. so you see the point here, just 1 rich crypto investor could equal hundreds of thousands of iPhone users, money wise.

i would say we should compare apple investors to crypto investors, the difference every crypto users are also investor. in this case crypto investors way more than apple investors Cheesy

Red-Apple

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most of it is because of the bitcoin mainstream adoption which was initiated by Japan and then the rest of it is because the pumpers have been super busy lately with pumping each and every altcoin that has ever existed.

and that leads me to believe that altcoin prices is in a big bubble which will burst and bury anyone that doesn't have quick fingers to get out.

maku

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Bitcoin is no a company it won't be defended by official representative, we won't have Bitcoin's tv commercials, we won't have banners or billboards.
Bitcoin can be compared to the internet - there is no one who owns internet really - it is part of the global network.
Same with Bitcoin. So don't wait for something to happen - advertise Bitcoin yourself, create this "network effect"!

mobnepal

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Before growing much further, I am expecting a big correction. Investors will pull out their profit in fiat which can lead to bigger dump in price of alts. But as we already know after every correction there will be bigger pump ahead.

webvn2k

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Market Cap: $101,549,901,639 / 24h Vol: $3,938,191,102 / BTC Dominance: 45.9%
btc it pump

Charloz24

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Quote from: NUFCrichard on June 06, 2017, 07:43:25 AM

Quote from: benthach on June 06, 2017, 04:33:52 AM

do you think crypto continue throughout this summer to $200billions+ mark?
yes, i think it will be close to it.

A billion here and billion, soon enough your talking about some real money!
On a more serious note, $100bil is a big landmark, does that mean that crypto is worth more than the richest person in the world?

Apple is worth $800bil, but then there are lots more Apple users than Bitcoin users, and they probably spend more per person, at least the median amount, on Apple products.
I don't really think that Bitcoin should be worth more than Apple, I used to think it was stupid that Zynga was worth more than Bitcoin, but now Bitcoin is up with some big players!

Everybody in the world knows Apple, but how many % is aware of Bitcoin? my guess is under 5%. Every now and then, there is some flash news in TV and we start hearing the word Bitcoin, (like a Bitcoin ATM that got vandalised, the mega hacking and they were claiming Bitcoin, etc) For now, in the news, Bitcoin is like E.T and it's funny.

But things change, and what will happen when 50%+ of people are aware of Bitcoin??

Charloz24

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Quote from: NorrisK on June 06, 2017, 06:37:08 AM

Quote from: talkbitcoin on June 06, 2017, 06:11:32 AM

Quote from: benthach on June 06, 2017, 05:59:19 AM

Quote from: bct_ail on June 06, 2017, 05:46:10 AM

It is going very fast. But I have a little fear about the future. Nobody knows where does the money come from. We can only guess
But anyway arrcording to the GDP this market is on list number 61, between Puerto Rico and Ecuador.

this is just getting started, all the new fresh money will flowing in from the mainstream. the more pump, the more hype and the fresh new money keep coming in. all the smart people think crypto will be in the trillions!

not really! there is no fresh money coming in! it is just more newbies handing over their money to the pumpers.
have you looked at the market cap lately to see which coins are being pumped? i mean there are coins that are being pumped that have been dead. coins with 100 billion circulating coins are going from 1 satoshi to 5 satoshi and that is causing this marketcap rise

which is why i am going to say no it won't go up anymore because pretty soon they will run out of coins to pump and the bubbles will pop!

80% of the market cap is made up of bitcoin, ethereum and ripple. The effect of those 1 to 5 satoshi coins is negligible for the total market cap.

Besides, where do you get the fact that no new money is coming in? I'm hearing from a lot of people around me that they are starting to invest hundreds or even thousands of euros into crypto. That for a fact is fresh money going into crypto.

Yeah that is a fact, the same exact thing as is mining. Everyone wants to be here (crypto), in mining, it kill the purpose (no more graphic cards left and left profit each) but in trading it's the opposite Grin

NUFCrichard

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Quote from: benthach on June 06, 2017, 04:33:52 AM

do you think crypto continue throughout this summer to $200billions+ mark?
yes, i think it will be close to it.

A billion here and billion, soon enough your talking about some real money!
On a more serious note, $100bil is a big landmark, does that mean that crypto is worth more than the richest person in the world?

Apple is worth $800bil, but then there are lots more Apple users than Bitcoin users, and they probably spend more per person, at least the median amount, on Apple products.
I don't really think that Bitcoin should be worth more than Apple, I used to think it was stupid that Zynga was worth more than Bitcoin, but now Bitcoin is up with some big players!

NorrisK

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Quote from: talkbitcoin on June 06, 2017, 06:11:32 AM

Quote from: benthach on June 06, 2017, 05:59:19 AM

Quote from: bct_ail on June 06, 2017, 05:46:10 AM

It is going very fast. But I have a little fear about the future. Nobody knows where does the money come from. We can only guess
But anyway arrcording to the GDP this market is on list number 61, between Puerto Rico and Ecuador.

this is just getting started, all the new fresh money will flowing in from the mainstream. the more pump, the more hype and the fresh new money keep coming in. all the smart people think crypto will be in the trillions!

not really! there is no fresh money coming in! it is just more newbies handing over their money to the pumpers.
have you looked at the market cap lately to see which coins are being pumped? i mean there are coins that are being pumped that have been dead. coins with 100 billion circulating coins are going from 1 satoshi to 5 satoshi and that is causing this marketcap rise

which is why i am going to say no it won't go up anymore because pretty soon they will run out of coins to pump and the bubbles will pop!

80% of the market cap is made up of bitcoin, ethereum and ripple. The effect of those 1 to 5 satoshi coins is negligible for the total market cap.

Besides, where do you get the fact that no new money is coming in? I'm hearing from a lot of people around me that they are starting to invest hundreds or even thousands of euros into crypto. That for a fact is fresh money going into crypto.

jorenpo

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it will. i guess by the end of the yeare it will surpassed it

alyssa85

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Quote from: bct_ail on June 06, 2017, 05:46:10 AM

It is going very fast. But I have a little fear about the future. Nobody knows where does the money come from. We can only guess
But anyway arrcording to the GDP this market is on list number 61, between Puerto Rico and Ecuador.

Me too. Every single shitcoin has been pumped. After they ran out of potential coins to pump on Polo, they moved to Bittrex. So you have a deadish coin like RDD suddenly surging for example. At some point people will take profits and the whole thing will collapse.

benthach

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Quote from: talkbitcoin on June 06, 2017, 06:11:32 AM

Quote from: benthach on June 06, 2017, 05:59:19 AM

Quote from: bct_ail on June 06, 2017, 05:46:10 AM

It is going very fast. But I have a little fear about the future. Nobody knows where does the money come from. We can only guess
But anyway arrcording to the GDP this market is on list number 61, between Puerto Rico and Ecuador.

this is just getting started, all the new fresh money will flowing in from the mainstream. the more pump, the more hype and the fresh new money keep coming in. all the smart people think crypto will be in the trillions!

not really! there is no fresh money coming in! it is just more newbies handing over their money to the pumpers.
have you looked at the market cap lately to see which coins are being pumped? i mean there are coins that are being pumped that have been dead. coins with 100 billion circulating coins are going from 1 satoshi to 5 satoshi and that is causing this marketcap rise

which is why i am going to say no it won't go up anymore because pretty soon they will run out of coins to pump and the bubbles will pop!

bitcoin continue to rise even though the coins you talking about also continue to rise.
do you see? money continue to come to Bitcoin and flow to altcoins, this the reason both bitcoin and altcoins rise.

talkbitcoin

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All I know is that I know nothing.

Quote from: benthach on June 06, 2017, 05:59:19 AM

Quote from: bct_ail on June 06, 2017, 05:46:10 AM

It is going very fast. But I have a little fear about the future. Nobody knows where does the money come from. We can only guess
But anyway arrcording to the GDP this market is on list number 61, between Puerto Rico and Ecuador.

this is just getting started, all the new fresh money will flowing in from the mainstream. the more pump, the more hype and the fresh new money keep coming in. all the smart people think crypto will be in the trillions!

not really! there is no fresh money coming in! it is just more newbies handing over their money to the pumpers.
have you looked at the market cap lately to see which coins are being pumped? i mean there are coins that are being pumped that have been dead. coins with 100 billion circulating coins are going from 1 satoshi to 5 satoshi and that is causing this marketcap rise

which is why i am going to say no it won't go up anymore because pretty soon they will run out of coins to pump and the bubbles will pop!

Warkop

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Quote from: bct_ail on June 06, 2017, 05:46:10 AM

It is going very fast. But I have a little fear about the future. Nobody knows where does the money come from. We can only guess
But anyway arrcording to the GDP this market is on list number 61, between Puerto Rico and Ecuador.

I look confused with you, why are you a little afraid of this crypto hike, I think it's great for having and holding a lot, even everyone would love to see the price jump so fast, maybe that's what everyone always hopes for. Grin

benthach

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Quote from: bct_ail on June 06, 2017, 05:46:10 AM

It is going very fast. But I have a little fear about the future. Nobody knows where does the money come from. We can only guess
But anyway arrcording to the GDP this market is on list number 61, between Puerto Rico and Ecuador.

this is just getting started, all the new fresh money will flowing in from the mainstream. the more pump, the more hype and the fresh new money keep coming in. all the smart people think crypto will be in the trillions!

bct_ail

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https://t1p.de/6ghrf

It is going very fast. But I have a little fear about the future. Nobody knows where does the money come from. We can only guess
But anyway arrcording to the GDP this market is on list number 61, between Puerto Rico and Ecuador.

NorrisK

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Quote from: rumex on June 06, 2017, 05:19:38 AM

It is almost there. I believe before the end of the year the mark(100billion) will be surpassed.

https://coinmarketcap.com/ currently shows $100,614,370,464

It has already passed the park and continues to march forward.

rumex

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It is almost there. I believe before the end of the year the mark(100billion) will be surpassed.

Topic: crypto's passed $100 billions mark... (Read 794 times)