OP already got some great answers why cryptos in general and especially Bitcoin aren't at the top yet.
Jesus we barely just begun moving up. This whole market is still so tiny and new, but also so disruptive. What we see here is a completely new thing, a new asset class which can be traded at any time, every day for a very small fee compared to the traditional markets!
This won't go away!
Bitcoin alone has the potential to reach several hundreds of thousands of dollars alone! It won't happen over night, and the road will be bumpy. so you need strong hands, but it is very likely to happen if Bitcoin survives and keeps progressing like it did the last 8.5 years.
Altcoins will follow in some way Bitcoin and create other markets, similar to penny stocks, in terms of tier 2-4 shitcoins, is my guess.
In a few years the whole crypto currency market will be a trillion dollars at least!
Topic: Has Crypto currency reached its maximum market cap? - page 2. (Read 1416 times)
No.
Basically, if regulated money (eg pension fund money) finally starts to invest in cryptocurrencies, then the current market cap is tiny compared to what will come.
But it's a big IF. The SEC and other regulators are not going to approve ETFs and pension money investments in cryptocurrency, while the price can be manipulated by badly translated FUD from China, orchestrated by some Chinese whales.
It's only when the bulk of trading is done on regulated exchanges - GDAX, Gemini, Bitstamp etc - that institutional money will start to come in. And we're a long way off that.
Basically, if regulated money (eg pension fund money) finally starts to invest in cryptocurrencies, then the current market cap is tiny compared to what will come.
But it's a big IF. The SEC and other regulators are not going to approve ETFs and pension money investments in cryptocurrency, while the price can be manipulated by badly translated FUD from China, orchestrated by some Chinese whales.
It's only when the bulk of trading is done on regulated exchanges - GDAX, Gemini, Bitstamp etc - that institutional money will start to come in. And we're a long way off that.
Nowadays we have seen a lot of regulations on crypto currency.Though it has many salient features, the government has no partiality over it.In the perspective of government, it could be an encouragement to the under world. No government likes anonymous transactions. Even though it is a decentralized market, but it doesn't mean that it is completely isolated from regulations and all. One or the other way government will try to suppress this.If this happens then there will be no one interested to invest in the crypto currency. I fear one day all coins would lose their value if this happens.
We haven't seen anything yet. If you take into account the wealth stored in other places, you will see that Bitcoin is still tiny. This picture is outdated but still applies, chance $11 billion marketcap for the current one and BTC is still a small drop in a sea of potential money that can go in.
If we can get %5 of goldbugs to diversify their portfolio on Bitcoin, we will see $25,000, from that alone. Now consider all the other money out there that can come in to, and we will be sitting at $100,000 easily by next decade, if the hardforkers don't ruin the show as always of course. There's a cancer called Segwit2x right now, we must defeat this, so don't forget to set [no2x] next to your Twitter nickname to support the movement.
I don't think that we have seen even one tenth of what bitcoin can achieve.
I concur: a whole new digital industry has spawned and is growing in size exponentially. There is ample room for growth and disintermediation of existing systems/workflows. Although this process takes time, the hype cycle in the army stages has not even started yet from my perspective. It is still very early.
Nowadays we have seen a lot of regulations on crypto currency.Though it has many salient features, the government has no partiality over it.In the perspective of government, it could be an encouragement to the under world. No government likes anonymous transactions. Even though it is a decentralized market, but it doesn't mean that it is completely isolated from regulations and all. One or the other way government will try to suppress this.If this happens then there will be no one interested to invest in the crypto currency. I fear one day all coins would lose their value if this happens.
I don't think that we have seen even one tenth of what bitcoin can achieve.
Also bear in mind that market capitalization is not an accurate depiction of the success of a project. But anyways, as bitcoin is a store of value and fiat is depreciative by nature, bitcoin will always increase in market capitalization in the long run as long as the user base remains constant or grows.
Governments can only ban bitcoin exchanges, and not bitcoin itself. If they ban exchanges then trading will just move to p2p and people will accept BTC directly, which is even better.
do you see everyone in the steers talking about bitcoin, using bitcoin, and do you see all the shops in the streets accepting bitcoin? if yes then bitcoin has reached its maximum potential. and until that day happens we are far away from even 10% of bitcoin potential.
things are just starting up. from this year people have see bitcoin as a real currency for the first time. and that is only a small percentage of the population. and things are growing. when more people find out about it, bitcoin will be adopted more and as it does the price will also grow with it increasing the market cap.
things are just starting up. from this year people have see bitcoin as a real currency for the first time. and that is only a small percentage of the population. and things are growing. when more people find out about it, bitcoin will be adopted more and as it does the price will also grow with it increasing the market cap.
Probably no. And i think its value will rise up to 5k USD before this year ends. And as i see it, it will be in a million USD in the next ten years.
Just donsome basic math:
1/ Crypto is $200Billons today (in the good days
)
2/ The dot com bubble exploded at $10 TRILLIONS (and was mostly an occidental luxury at the time, not a global thing)
3/ Sum of all the market caps on NYSE today is $17 TRILLIONS.
FYI:
The $10Trillion mark is the reference some folks like John McAfee take to predict a BTC at $500,000 in the near future.
Makes sense from a business point of view. I probably would have sold before :-)
1/ Crypto is $200Billons today (in the good days
)2/ The dot com bubble exploded at $10 TRILLIONS (and was mostly an occidental luxury at the time, not a global thing)
3/ Sum of all the market caps on NYSE today is $17 TRILLIONS.
FYI:
The $10Trillion mark is the reference some folks like John McAfee take to predict a BTC at $500,000 in the near future.
Makes sense from a business point of view. I probably would have sold before :-)
Current crypto marketcap is only around 140 billion $ which is nothing compared to total financial transactions executed everyday via online payment gateways. Paypal have marketcap of around 72 billion $ and bitcoin is far better than paypal shit, so even bitcoin can have more than current $140 billion marketcap in near future so a big NO, marketcap for crypto is still very low and there is high chance of it to grow exponentially.
I think that cryptocurrency market cap can rise to 999 billion USD.There`s still lots of potential for growth,but we need governments and central banks to support or atleast stay away from cryptocurrencies,in order to reach that goal.Paypal fees are ridiculous,but i use paypal because everybody use it and all the merchants accept it.Cryptocurrencies have to destroy pp.
Current crypto marketcap is only around 140 billion $ which is nothing compared to total financial transactions executed everyday via online payment gateways. Paypal have marketcap of around 72 billion $ and bitcoin is far better than paypal shit, so even bitcoin can have more than current $140 billion marketcap in near future so a big NO, marketcap for crypto is still very low and there is high chance of it to grow exponentially.
Heres another question for us to think about and ask ourselves. Has cryptocurrencies reached their maximum potential? If you answer yes then its time for you to sell all your cryptocurrencies to a willing buyer and let him arrive to his own conclusion to the question.
"Its definitely reached the highest it will ever go more than likely."
--Says me about 3 years ago
Not this time Satan.
Im putting more fiat into this today and hoping it recoils some more so I can buy more stuff at discount. Im done falling for this idea that its at an ATH and that disaster is right around the corner.
--Says me about 3 years ago
Not this time Satan.
Im putting more fiat into this today and hoping it recoils some more so I can buy more stuff at discount. Im done falling for this idea that its at an ATH and that disaster is right around the corner.
Nowadays we have seen a lot of regulations on crypto currency.Though it has many salient features, the government has no partiality over it.In the perspective of government, it could be an encouragement to the under world. No government likes anonymous transactions. Even though it is a decentralized market, but it doesn't mean that it is completely isolated from regulations and all. One or the other way government will try to suppress this.If this happens then there will be no one interested to invest in the crypto currency. I fear one day all coins would lose their value if this happens.
Jump to: