The Magic Number is $756.01 US - page 2.

Corenin

legendary

Activity: 1008

Merit: 1000

Quote from: NapoleonBonaparte on September 04, 2014, 08:41:55 PM

Bitcoin could easily reach 100B market cap once companies start paying workers in btc.

Don't forget a lot of the coin has gone missing and lost and the total supply of btc will be mined in just a few years.

Well, only if government legalise bitcoin, if not you can't pay your workers in btc. Its illegal..

NapoleonBonaparte

full member

Activity: 176

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Bitcoin could easily reach 100B market cap once companies start paying workers in btc.

Don't forget a lot of the coin has gone missing and lost and the total supply of btc will be mined in just a few years.

polynesia

legendary

Activity: 1358

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You could also start publishing dates.
Date at which bitcoin market cap will reach $10Bn, assuming the price remains unchanged. Grin

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: exocytosis on September 04, 2014, 06:31:28 PM

Quote from: Carra23 on September 04, 2014, 05:31:08 PM

It was 12 billion. It will cross that, though it will take time. Just relax.

It was 13. And it won't ever get close to that again.

That would almost be worth a wager, except terms like "ever" are too vague. Care to make that statement more specific, like within a timeframe?

exocytosis

sr. member

Activity: 476

Merit: 250

Quote from: Carra23 on September 04, 2014, 05:31:08 PM

It was 12 billion. It will cross that, though it will take time. Just relax.

It was 13. And it won't ever get close to that again.

trackermut

member

Activity: 62

Merit: 10

New all time high would be the magic number if by magic number the OP means media coverage ?

Carra23

legendary

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Need a campaign manager? PM me

It was 12 billion. It will cross that, though it will take time. Just relax.

ensurance982

hero member

Activity: 518

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Trust me!

If you're looking at calculations of how much money may go into Bitcoin if several amounts (M1, M2, etc.) or fractions thereof are being represented by Bitcoin, you'll see that we would be in for an incredible market cap! I think 10b is still quite low for Bitcoins potential!

minerpumpkin

hero member

Activity: 686

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A pumpkin mines 27 hours a night

I'd be all in for it to have such a market cap today. But to be honest, the market cap of Bitcoin (and other currencies) doesn't really say that much. It definitely isn't a measure of how much money has 'gone' into Bitcoin. Even a much smaller amount would move Bitcoin's price a lot!

ssmc2

legendary

Activity: 2002

Merit: 1040

Quote from: cryptozio on September 04, 2014, 02:22:59 PM

Ok I got the magic number but when we will reach again that price?

October 12th 2014

cryptozio

newbie

Activity: 56

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Ok I got the magic number but when we will reach again that price?

nottoorich

newbie

Activity: 28

Merit: 0

When bitcoin will hit the market cap of Apple the value will be much higher than today, and it won't stop there.

Gleb Gamow

vip

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Calculated: $10,000,000,000/13,227,375 BTC = $756.01 US

The title has been updated.

Kupsi

legendary

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9.9.2012: I predict that single digits... <- FAIL

Quote from: OgNasty on September 04, 2014, 03:11:08 AM

Instead of tracking a 10B market cap, you could track something like the market cap of various tech and money transfer companies. You should also use all 21 million coins in your magic number, since people already know they will exist and the market has theoretically already corrected for their presence.

Market Cap = 1 BTC price

MoneyGram = $36
Western Union = $440
Twitter = $1,380
GLD ETF = $1,538
SPY ETF = $8,231
Facebook = $9,517
Apple = $29,454

Gold = $352,525
Tax haven bank accounts = $1,428,571 (Source: RunToGold.com)

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: Brewins on September 04, 2014, 08:45:15 AM

The fact many things happen outside of exchanges makes me don't take the market cap number too seriously, to tell the truth.

To tell the truth, no one really cares whether or not you or I take the market cap seriously. It just is. Every OTC activity affects the price on exchanges anyway. If there are more people willing to sell OTC than there are buyers, then they go and sell on exchange, lowering the price. If the reverse is true, price on exchanges rises. If the price is stable, it means OTC deals are more or less balanced in supply-demand which means it is a fair price.

Brewins

legendary

Activity: 1120

Merit: 1000

Quote from: Gleb Gamow on September 04, 2014, 12:57:38 AM

The title depicts what the exchange rate needs to be for Bitcoin to have a market cap of $10B.

Calculated: $10,000,000,000/13,225,950 BTC = $756.09 US

I'll update the thread's title periodically.

~Bruno Kucinskas

There are 3600 new Bitcoins around every day.
And we know not all Bitcoins are avaliable on exchanges(some are missing for one reason or another, etc), so the true ammount of money needed to be pumped into exchanges is lower than the difference 10B - current market cap.

The fact many things happen outside of exchanges makes me don't take the market cap number too seriously, to tell the truth.

kevin08

member

Activity: 62

Merit: 10

Quote from: Somekindabitcoin on September 04, 2014, 02:30:58 AM

Quote from: cbeast on September 04, 2014, 02:02:43 AM

Arbitrary numbers are boring. Nobody reads newspapers to read about numbers. People read newspapers with stories about violence and scandal. I would rather hear about the Bitcoin CEO being the terrorist mastermind behind The Honey Boo Boo show.

I'm pretty sure the number 10,000,000,000 written that way would catch anyone into reading the article.

When you are investing you notice the market cap has gone below or above another billion. The ten billion mark is a big marker, like when the price of an individual bitcoin goes below or above another hundred dollars.

OgNasty

donator

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Leading Crypto Sports Betting & Casino Platform

Instead of tracking a 10B market cap, you could track something like the market cap of various tech and money transfer companies. You should also use all 21 million coins in your magic number, since people already know they will exist and the market has theoretically already corrected for their presence.

Market Cap = 1 BTC price

MoneyGram = $36
Western Union = $440
Twitter = $1,380
GLD ETF = $1,538
SPY ETF = $8,231
Facebook = $9,517
Apple = $29,454

anasazi

newbie

Activity: 33

Merit: 0

Quote from: razorramon on September 04, 2014, 02:15:18 AM

not everyone lives in the usa

Wrong.

Gleb Gamow

vip

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Merit: 1145

Quote from: Somekindabitcoin on September 04, 2014, 02:30:58 AM

Quote from: cbeast on September 04, 2014, 02:02:43 AM

Arbitrary numbers are boring. Nobody reads newspapers to read about numbers. People read newspapers with stories about violence and scandal. I would rather hear about the Bitcoin CEO being the terrorist mastermind behind The Honey Boo Boo show.

I'm pretty sure the number 10,000,000,000 written that way would catch anyone into reading the article.

Future Headlines: Bitcoin's Market Cap Once Again Breaks 1,000,000,000,000 US Cents Wall

The title and OP have been updated.

Topic: The Magic Number is $756.01 US - page 2. (Read 4209 times)