How far can Bitcoin go? - page 21. | Bitcointalksearch.org

k_kuchkarov

full member

Activity: 238

Merit: 103

Quote from: JohnHero on December 06, 2017, 02:16:19 PM

How far can Bitcoin go guys? If the the Market Cap currently is $219 000 000 000, can Bitcoin ever be worth $200 000 000 000 with this market cap?

I am just curious, is the Bitcoin (or any coin) price caped by the Market Cap? Or the finite number of fiat money in the world?
Can a coin be worth more than it's market cap or can the value of a coin be equal with it's market cap if it's intensively traded/used?

If it is actively traded and used, it certainly can!
And if take bitcoin, he has already begun to give away positions, but this is all temporary!
I think that bitcoin will surprise us all!)

berriesjob

newbie

Activity: 10

Merit: 0

The market cap does not control the value of Bitcoins, rather it is there because of the current pricing. Bitcoin prices can still surge or dip at any moment.

SUDARMONO

full member

Activity: 504

Merit: 100

the bitcoin price does not affect the price of the market cap, the bitcoin price increase is influenced by the demand for bitcoin in the market, and the more bitcoin demand the more and the bitcoin price will follow the higher price increase.

HeRetiK

legendary

Activity: 3150

Merit: 2185

Playgram - The Telegram Casino

With gold's total market cap being estimated at USD 7.8 trillion I guess the upper limit of BTC's price would be around USD 370,000 (at USD's current purchasing power) simply because I can not fathom all of BTC to be worth more than all the gold in the world. However there is a lot of fiat currency in the world, all of which gets issued more or less out of thin air, trying to more or less successfully reflect the effective wealth of global economies. So relative to fiat the sky is the limit.

Then again for all we know people could just lose interest in cryptocurrencies as fast as they have gained it, and in 10 years time we'll be shaking our heads at our own naivité while trading coins that are worth only fractions of current levels. Not that I expect such a thing, but reality rarely turns out as expected.

AltcoinAuthority

sr. member

Activity: 616

Merit: 251

CryptoTalk.Org - Get Paid for every Post!

Quote from: JohnHero on December 06, 2017, 02:16:19 PM

How far can Bitcoin go guys? If the the Market Cap currently is $219 000 000 000, can Bitcoin ever be worth $200 000 000 000 with this market cap?

I am just curious, is the Bitcoin (or any coin) price caped by the Market Cap? Or the finite number of fiat money in the world?
Can a coin be worth more than it's market cap or can the value of a coin be equal with it's market cap if it's intensively traded/used?

I am not sure what the price of the coin will stop at. Maybe the coin will be a million dollars each, that would make 21 million people millionaires if they all held a single coin.

lucifochrome

full member

Activity: 154

Merit: 100

About the market cap, bitcoin cannot reach the same amount. If what you are referring to is for 1 BTC to be equivalent of say 219000000. If that is the case then answer is Yes and No, It may reach that amount but it will take a very long time. The price is dependent on the law of supply and demand, meaning to say that if there is no demand then it will not reach the said price and if ever it reaches that price market cap by that time will also double or triple the current price.

Mind Control

member

Activity: 224

Merit: 41

Do not be fooled by the market cap. It is just a mere multiplication of the current price and the total circulating supply and nothing else. Thus, the market cap is not there to dictate the past, current, nor future price but rather, the market cap is there because there is a price.
Simply saying, there is no limit in Bitcoin's price. The price will continue to increase as long as the demand is constantly increasing.

JohnHero

member

Activity: 168

Merit: 10

How far can Bitcoin go guys? If the the Market Cap currently is $219 000 000 000, can Bitcoin ever be worth $200 000 000 000 with this market cap?

I am just curious, is the Bitcoin (or any coin) price caped by the Market Cap? Or the finite number of fiat money in the world?
Can a coin be worth more than it's market cap or can the value of a coin be equal with it's market cap if it's intensively traded/used?

Topic: How far can Bitcoin go? - page 21. (Read 2305 times)