how long till cryptos hit $200 billion? predictions!

jjacob

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Quote from: thecodebear on June 10, 2017, 12:23:33 AM

So we hit $100 billion cryptocurrency market cap the past few days. How long do you think it will take to reach $200 billion? 6 months? a year? longer?

And how long do you think it will take the two main cryptos, bitcoin and ethereum to hit $100 billion market cap each?

Personally I think we'll see the $200 billion mark passed right around the end of this year, with Bitcoin and Ethereum both passing $100 billion by March 2018. Ethereum I think will catch up to Bitcoin right around the $100 billion mark.

I think we should get there by early 2018. If we do get there, Bitcoin has to provide the boost. I don't think the journey to $200 Bn will be driven by alts. If the scaling debate gets resolved, the overall market cap should get close to $200 Bn.

digaran

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Quote from: Eric Cartman on June 10, 2017, 09:29:33 PM

Before you realize.

Market cap is easily manipulable. Launch a coin with 1 trillion premined, then sell to yourself by $1, and you'll have 1 trillion marketcap in a second

Then why aren't you doing it already if you think it's that easy? did you know that if you are unable to mine/obtain/stake and trade a coin freely on some exchanges then it wont get listed on coinmarketcap and it's market cap wont show up at all for us to see? it's not that much lawless this crypto world.

ultrloa

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If adoption will come and go for more well provably we will reach for $200 billion in no time but remember the awareness of crypto's is getting much wider so possibilities of good fortunes will came unto it, But we cannot tell on when since we don't know what will happen or what would be the way so that we will reach on its highest potential.

jorneyflair

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Quote from: thecodebear on June 10, 2017, 12:23:33 AM

So we hit $100 billion cryptocurrency market cap the past few days. How long do you think it will take to reach $200 billion? 6 months? a year? longer?

And how long do you think it will take the two main cryptos, bitcoin and ethereum to hit $100 billion market cap each?

Personally I think we'll see the $200 billion mark passed right around the end of this year, with Bitcoin and Ethereum both passing $100 billion by March 2018. Ethereum I think will catch up to Bitcoin right around the $100 billion mark.

Crypto market cap is probably not going to increase any time soon. My reasoning is that altcoins are in a major bubble currently and the majority of the entire cryptocurrency market capitalization is currently made out of the hundreds of altcoins. This isn't going to last long. What I can see is that altcoins in general will drastically decline in price after this pump is over and the reality settles in, and bitcoin rising in price.

The market cap is going to probably stay the same, whilst the bitcoin market cap increases dramatically, balanced out by the decreasing altcoin market cap.

Eric Cartman

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Before you realize.

Market cap is easily manipulable. Launch a coin with 1 trillion premined, then sell to yourself by $1, and you'll have 1 trillion marketcap in a second

digaran

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If you get excited like now every time marketcap of all crypto hits a milestone then you'll be extremely disappointed when it decreases to half, I truly and honestly believe next milestone which would be $500B could be achieved by the end of 2017 if segwit and everything else goes as planned. and if not then next hit would be $200B and that within next 6 months.

Kyraishi

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Quote from: thecodebear on June 10, 2017, 12:23:33 AM

So we hit $100 billion cryptocurrency market cap the past few days. How long do you think it will take to reach $200 billion? 6 months? a year? longer?

And how long do you think it will take the two main cryptos, bitcoin and ethereum to hit $100 billion market cap each?

Personally I think we'll see the $200 billion mark passed right around the end of this year, with Bitcoin and Ethereum both passing $100 billion by March 2018. Ethereum I think will catch up to Bitcoin right around the $100 billion mark.

It's easy for us to hit $200 billion. All that needs to happen is that fiat loses half it's value, which will happen in a decade or so telling from history. That's a very conservative estimate as I'm just asking that crypto does not grow in user base, nothing major changes and the price just slowly climbs that bull ladder.

However what is more likely to happen is a huge pump following months or even years of sideways movement, in which case I think your prediction is very possible. However I think that bitcoin dominance will be at least 70%. I just can't see ethereum having a $100 bill market cap by itself.

Bitcoinsummoner

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Quote from: Febo on June 10, 2017, 01:00:18 PM

Quote from: thecodebear on June 10, 2017, 12:23:33 AM

So we hit $100 billion cryptocurrency market cap the past few days. How long do you think it will take to reach $200 billion? 6 months? a year? longer?

And how long do you think it will take the two main cryptos, bitcoin and ethereum to hit $100 billion market cap each?

Personally I think we'll see the $200 billion mark passed right around the end of this year, with Bitcoin and Ethereum both passing $100 billion by March 2018. Ethereum I think will catch up to Bitcoin right around the $100 billion mark.

I did not even noticed $100b marketcap.
For $200b, could happen fast so before end of summer, all it needs is for all crypt just to double in price. But it could happen that this bubble that is forming whole this year and started in 2016 might pop before that.

I just confused is it real $100 billion marketcap? i did not seen this marketcap or noticed i was checked the coinmarketcap but i only seen market cap at $47,110,018,654 but if its already touch at $100 billions before i think it can be reach to $200 billion mark but not in 6 months even we are seeing the development about bitcoin it can be hardly to reach $200 billion mark .
Unless if bitcoin can be legal in big countries that i think it can be push the price of bitcoin.

Febo

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Quote from: thecodebear on June 10, 2017, 12:23:33 AM

So we hit $100 billion cryptocurrency market cap the past few days. How long do you think it will take to reach $200 billion? 6 months? a year? longer?

And how long do you think it will take the two main cryptos, bitcoin and ethereum to hit $100 billion market cap each?

Personally I think we'll see the $200 billion mark passed right around the end of this year, with Bitcoin and Ethereum both passing $100 billion by March 2018. Ethereum I think will catch up to Bitcoin right around the $100 billion mark.

I did not even noticed $100b marketcap.
For $200b, could happen fast so before end of summer, all it needs is for all crypt just to double in price. But it could happen that this bubble that is forming whole this year and started in 2016 might pop before that.

VanDeinsberg12

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Quote from: Kizaki on June 10, 2017, 12:45:37 AM

Hitting $200Billion in the coinmarketcap will just be asy if this pump of each coins will continue.Bitcoins will perform a huge part there reaching that mark if bitcoins adoptions will continue

I think you will be able to see the market cap touch 200 billion in the next year because the price of all altocoins are pumping everytime. The more big project or start up will come and it will increase the market cap. Tongue

White sugar

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This year, by the end of year

6 months until 100 B, then 6 more months until 200B, of course.

Slow death

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Quote from: thecodebear on June 10, 2017, 12:23:33 AM

So we hit $100 billion cryptocurrency market cap the past few days. How long do you think it will take to reach $200 billion? 6 months? a year? longer?

And how long do you think it will take the two main cryptos, bitcoin and ethereum to hit $100 billion market cap each?

As I had said before, lately has had many people making predictions, it looks like a contest

Jokes aside

Perhaps by the end of the year we will reach the $100 billion market cap

Kemarit

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Quote from: thecodebear on June 10, 2017, 12:23:33 AM

So we hit $100 billion cryptocurrency market cap the past few days. How long do you think it will take to reach $200 billion? 6 months? a year? longer?

And how long do you think it will take the two main cryptos, bitcoin and ethereum to hit $100 billion market cap each?

Personally I think we'll see the $200 billion mark passed right around the end of this year, with Bitcoin and Ethereum both passing $100 billion by March 2018. Ethereum I think will catch up to Bitcoin right around the $100 billion mark.

I think it can be done. But for me it can only be accomplished in 2018, and not this year. We still have to see what will happen on Aug 1. I'm worried that it may likely dip the price because of this activation in the next couple of months. We need to see how stable the UASF activation will be. If this will be successful then maybe around the year end we can see hit $200 billion. In the worst case scenario we can get there around 2nd quarter 2018. But I don't know about Ethereum, it looks like the price is also going up currently, but I don't know if it can compete with bitcoin in terms of market capitalization.

Creativity

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I think the predictions people make for this year are a bit insane... I don't believe that the cryptocurrency market cap will double in the next 6 months...

I prefer to believe that it will hit $200 billion in 11 months, 13 days, 9 hours, 6 minutes and 53 seconds!

Anyways, it's very hard to predict, so these predictions can be off the true date by a couple minutes.

thecodebear

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Quote from: Iranus on June 10, 2017, 02:47:38 AM

Well there's two potential scenarios for this:

1. Cryptocurrencies continue soaring exponentially, and this goal is reached within a year.
2. This ends up similar to the 2013 bubble, and this goal is reached after about 3-4 years after cryptocurrencies have recovered.

The higher the predictions start getting, the more likely it is that this is a bubble.

Though honestly the current situation is a LOT different than the Nov 2013 bubble. For one, a big reason, probably the main reason, why bitcoin crashed all the way to $200 over the course of a year, and took a total of two years to start building back up again, was Mt Gox. A lot of people lost their money and it seriously damaged the reputation of bitcoin, basically it destroyed all momentum. I think we very likely would have had much less of a deflated price and a far shorter doldrum after the 2013 bubble if there was no Mt Gox crash.

The situation now is that crypto is an order of magnitude larger than it was then, there is much greater adoption around the world, not just China leading the way, bitcoin is a legal currency in Japan, and investors are just starting to get involved as well. There is very strong momentum upwards with very strong support for bitcoin and the crypto market in general now. There will be ups and downs for sure, but I don't see a bear market at any point in the near future lasting more than a few months, and expect bitcoin to be mostly bull-ish for the next several years.

So definitely #1 of your two scenarios.

Iranus

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Well there's two potential scenarios for this:

1. Cryptocurrencies continue soaring exponentially, and this goal is reached within a year.
2. This ends up similar to the 2013 bubble, and this goal is reached after about 3-4 years after cryptocurrencies have recovered.

The higher the predictions start getting, the more likely it is that this is a bubble.

MadGamer

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I believe It's very likely to happen before the end of the year without any issues but let's just stop comparing ethereum to bitcoin. Rootstock is coming and It should bring smart contracts to bitcoin and If we had to compare both ETH and BTC networks, BTC will win any time, that should make more people switch.

rhyso

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The marketcap of 'everything' hit 20Billion just a couple of months ago.

BTC has traditionally had over 90% of the dominance... BTC is new below 50%

It just takes one factor to swing it either way.

But either way I want a good stash of ETH and BTC in my portfolio with my other chosen altcoin just sitting there as they grow.

thecodebear

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Quote from: davis196 on June 10, 2017, 12:40:52 AM

Quote from: thecodebear on June 10, 2017, 12:23:33 AM

So we hit $100 billion cryptocurrency market cap the past few days. How long do you think it will take to reach $200 billion? 6 months? a year? longer?

And how long do you think it will take the two main cryptos, bitcoin and ethereum to hit $100 billion market cap each?

Personally I think we'll see the $200 billion mark passed right around the end of this year, with Bitcoin and Ethereum both passing $100 billion by March 2018. Ethereum I think will catch up to Bitcoin right around the $100 billion mark.

100 billion by March 2018 is way too optimistic.I would say around 50 billion for btc and way less for ethereum.I hope that no hard fork will happen and the bitcoin community will stay united.
Why do you think ethereum will catch up to the bitcoin price?
Do you think ethereum has any advantages over btc?

Ethereum has the whole decentralized apps advantage in terms of driving hype (and presumably eventually usage) around it. It has been and is still currently gaining on bitcoin, and seems that it will continue to do so. As of now it is a good bit over 50% the market cap of bitcoin, so yes in the next 9 months I think it'll match bitcoins market cap, probably putting ethereum price around $900.

And you realize that bitcoin is already at 46 billion right??! It should pass $50 billion in a matter of days.
I wouldn't be surprised to see them both close to $200 billion by the end of 2018.

Kizaki

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Hitting $200Billion in the coinmarketcap will just be asy if this pump of each coins will continue.Bitcoins will perform a huge part there reaching that mark if bitcoins adoptions will continue

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