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Topic: Remember today's date 19th Feb, 2021. BTC crossed $1 trillion marketcap (Read 199 times)

full member
Activity: 924
Merit: 100
Yeppp congrats for all of us who still believe in this crypto investment.

Especially for the believer who still stick in this even though the price drop so deep in 2017-2019 period.

#Throwback when the first time i bought cryptocurrency and i send it into wrong address and i lose a lot because of my stupidity  Cry
legendary
Activity: 3766
Merit: 1217
LOL.. when I first purchased Bitcoin, the market cap was around $150 million. It has gone up by almost 700 times since then. Looking back, I never imagined in my wildest dreams that I would see Bitcoin prices going up by so much. When I joined this forum in 2012, I was quite ideologically motivated about Bitcoin. Getting such a huge ROI from my investment was never in my mind. But in the end, Bitcoin made me rich. If I had held on to all of my coins from 2012-13, then I would have been a millionaire already. But no regrets there. I am happy with what I got.
legendary
Activity: 2576
Merit: 1043
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Bitcoin is still in the early stages of it but it has already made a huge milestone in it Smiley.

Congratulations to those holders who bought Bitcoin at a lower price and an advance congratulations to for those who will choose to buy more Smiley. I know that Bitcoin hitting this market cap is kinda expected already but it is very good to see knowing that Bitcoin is just here for around 12 years only.

With this, more and more people will be curious towards Bitcoin and adoption will continue to increase in the next years.
full member
Activity: 1274
Merit: 115
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I know I am late to congratulate it but I would still want to congratulate everyone who supports Bitcoin and who stay with it,
Who are part of the whole thing no matter how small or big our contribution is we are part of it's success we should celebrate it and mark it in history.
And I would also like to congratulate all the early supporters of Bitcoin who walk it through it's struggle and those who continue to support it when it drops down and of course for Satoshi Nakamoto for creating it and for Theymos for this forum where we could all share information about everything we know.
legendary
Activity: 2716
Merit: 1855
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This $1 trillion market cap is one of the biggest milestones of bitcoin and this will be a stepping stone for more big investors to come and adopt bitcoin in their platforms. Imagine if bitcoin is legally recognized by leading countries, The market cap will just show massive growth and the value of it will surely go skyrocket. I remember the days I keep thinking what if bitcoin reaches this kind of scenario, and shockingly bitcoin exceeded my expectation just by crossing the $1 trillion market cap and $60k bitcoin value. This will be a new beginning to bitcoin!.
This capitalization jump was also triggered by several new investors and institutional investors. when the price of bitcoin touched the price of $ 20k many migrated to crypto so that crypto became the new prima donna. People believe that cryptocurrencies can be protected from risks like inflation and people also don't want to be left behind with the rising trend of cryptocurrencies.
With bitcoin rising to its current highest $ 57k, central banks inevitably have to strictly enforce global regulations because of the restless price of bitcoin and is widely used for money laundering and other criminals.
legendary
Activity: 2492
Merit: 1145
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This $1 trillion market cap is one of the biggest milestones of bitcoin and this will be a stepping stone for more big investors to come and adopt bitcoin in their platforms. Imagine if bitcoin is legally recognized by leading countries, The market cap will just show massive growth and the value of it will surely go skyrocket. I remember the days I keep thinking what if bitcoin reaches this kind of scenario, and shockingly bitcoin exceeded my expectation just by crossing the $1 trillion market cap and $60k bitcoin value. This will be a new beginning to bitcoin!.
full member
Activity: 1330
Merit: 147
Congratulations guys, we have finally crossed the biggest milestone of the decade and our lovely BTC is now over $1 trillion in marketcap. Hope BTC continues to rally higher and higher, and make many new millionaires in the crypto world and may this bull run give every single person a chance to make a buck as long as they invest wisely and carefully.
This achievement can attract many investor crypto industry especially bitcoin. More than that, as you may know there are so many companies which have decided to using bitcoin as their payement system or being made as an investment place. Yeah, this is what we call as mass adoption, more and more people who buy bitcoin and holding it then we will see a huge increase will come.

I'm really happy to see it, I'm proud to myself because I can stay for long time here. At least I have been four years to stay here and learning about bitcoin and how investment/trading work. I can stand when many people cried out because they lost their job due to corona virus. Because I have the real source income from bitcoin and I can enjoying it until now.
full member
Activity: 1946
Merit: 112
Congratulations guys, we have finally crossed the biggest milestone of the decade and our lovely BTC is now over $1 trillion in marketcap. Hope BTC continues to rally higher and higher, and make many new millionaires in the crypto world and may this bull run give every single person a chance to make a buck as long as they invest wisely and carefully.

Indeed, this is a very important event for Bitcoin and all its investors, as it brings BTC as a new promising asset ahead of other successful companies. I don’t want to miss the mark, but probably BTC plans to become number one in the list of successful companies and it will probably drive a lot of people crazy, in a good sense of the word. All this is due to the fact that large companies do not know where to put their accumulated savings in order to preserve them and increase, and BTC has shown itself to be one of the best assets for this. The main thing now, if you have already bought BTC, know your goal exactly and manage to take profit.
hero member
Activity: 2170
Merit: 530
Today bitcoin has proven to the world that the bitcoin market is very valuable and an investment asset that is arguably the top class considering that bitcoin has entered the top 10 world market cap, beating Tencent. This is very positive news and hope that it will continue to be productive in the future, not only in terms of investment, but also development and real use cases.
Yes it proves to all those people who doubt and said a lot of bad things against bitcoin, by the use of bitcoin many lives become stable because they invested and they believes in it, so now they are reaping what they plant in the past few years. Bitcoin is now owned by many institutions and many well known personality such as Elon Mask, who become the great influcer of bitcoin and some altcoins now.
member
Activity: 714
Merit: 11
BountyMarketCap
Today bitcoin has proven to the world that the bitcoin market is very valuable and an investment asset that is arguably the top class considering that bitcoin has entered the top 10 world market cap, beating Tencent. This is very positive news and hope that it will continue to be productive in the future, not only in terms of investment, but also development and real use cases.
legendary
Activity: 2184
Merit: 1302
It's a pretty big deal. I remember just a couple of years Apple reaching this milestone, and Bitcoin seems so far from it. And just after a few years the price jumped up, pushing BTC capitalization up. Now we need a boost of Bitcoin users because adoption is still at a pretty low level. Even more so, we need to remember that Bitcoin is not about investments returns, but about a new type of money. Unfortunately, it seems to me that when the price is rising so incredibly, it overshadows Bitcoin's purpose as money and also sheds light on a serious problem with Bitcoin as money: really high transaction fees.
Imo, adoption is gradually coming up, there are now more institutional Investors ready to put funds/reserve assets into the network, also amongst the non-Bitcoin community, you can sense a growing trust in the network, that's why there is a rising case of FOMO; Bitcoin has a variety of uses, of course we all know it's money/currency that it's users are privileged to be their own bank, but that's not just the only purpose, and none is working to the detriment of the other. The use of Bitcoin as an investment option is what's creating high demand for the coin, that's also what's causing this appreciation in price as demand continually increases, imo, by simply buying btc for investment, you're also using 'our' own form of money, whether you use it to process payment or not.

Having said that, all the many uses for Bitcoin, the very better, I use Bitcoin for a myriad of purposes and that's what makes the network unique and pushes it's growth and adoption.
legendary
Activity: 3248
Merit: 1402
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It's a pretty big deal. I remember just a couple of years Apple reaching this milestone, and Bitcoin seems so far from it. And just after a few years the price jumped up, pushing BTC capitalization up. Now we need a boost of Bitcoin users because adoption is still at a pretty low level. Even more so, we need to remember that Bitcoin is not about investments returns, but about a new type of money. Unfortunately, it seems to me that when the price is rising so incredibly, it overshadows Bitcoin's purpose as money and also sheds light on a serious problem with Bitcoin as money: really high transaction fees.
hero member
Activity: 1540
Merit: 507
$1 trillion market cap and that's with only overall very few people across the world exposed to the idea of owning bitcoin. Imagine if bitcoin being is used as payment method everywhere across the world for the sake of simplifying shopping process for international buyers which also increases the usage and demand for bitcoin, the market cap gonna grow even more higher in very short time.
member
Activity: 1358
Merit: 81
I am glad the news. Because it has been a long road that bitcoin has traveled with successes and mistakes. Some did not believe in bitcoin that it could achieve it and now we can verify it. I have great expectations about investment companies and all the innovation that they will bring us.
We are shifting from traditional investments to bitcoin investments with a view to transformation.
It is a future with great challenges, I hope that we are all included.
legendary
Activity: 1358
Merit: 1000
The position of bitcoin as SOV has grown with massive adoption and confidence from holders. We keep seeing large acquisition from more wealthy names and individuals. We expect as the marketcap crosses trillion we should see other coins join in that size of figure in the year. This size of fund attracts countries and capitalists around the world to take position like their counterparts before they miss out.

I get caught up in the spin stories a bit myself

One thing that is pushing the price up is energy costs

The economic feedback loop from power generation and

usage is probably the biggest price pushing point

rather than adoption, I’ve not dwelled on it much tho

the power consumption running costs seem much higher

than the coin block reward.

Just holding a token dosnt make it increase in value.

Now if the energy economic feedback loop is combined with asset management

transfers in an energy blockchain hash strategy integration fashion

it cud be manageable and also prevent the risks associated with

exchange coin flooding the market, atm I think KYC laws have slowed

to some extent the liquidation of coin once everyone attains these

blcoks it will no longer be a workable strategy

sr. member
Activity: 2240
Merit: 270
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The position of bitcoin as SOV has grown with massive adoption and confidence from holders. We keep seeing large acquisition from more wealthy names and individuals. We expect as the marketcap crosses trillion we should see other coins join in that size of figure in the year. This size of fund attracts countries and capitalists around the world to take position like their counterparts before they miss out.
legendary
Activity: 1358
Merit: 1000
If it becomes the reserve currency all the big hedge funds n asset managers

like state street will buy it up if that does eventually happen the market cap

will go too $200 Trillion and potentially even more if the derivatives market

 becomes part of the cap too
legendary
Activity: 1358
Merit: 1000
Started with a Dollar and turned it into 1 Trillion Cheesy
sr. member
Activity: 1624
Merit: 315
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No one expected Bitcoin will break this huge mark in just a decade. I am sure more records will be created and many new companies will now enter this industry. Enjoy this big bull run while it last.
It is evident, the growth at such a short amount of time will translate to a long term growth that will definitely cause us to reap bigger benefits, this companies will make this industry bigger so as individuals we have to take advantage of that and make more money while they are hodling out what they are buying.
hero member
Activity: 1666
Merit: 709
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As it is the price is above 55,000$ and edging very close to fifty six thousand dollars I think it would cross over to the next double digits, am now getting not sure of if Bitcoin would drop from this price, it's a shame my country think they should place a ban on crypto-currency after seeing Bitcoin price and still stand by their Ban. Everyone should be free to do crypto-currency.
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