Topic: This is getting serious ... Total CryptoCurrency Market Cap to $30 billion !! (Read 2189 times)
April 23, 2017, 07:57:51 PM
$30 Billion and upon checking the coinmarketcap.com it only says $19B so who's saying the real info here? And I know that many companies are going to take bitcoin seriously since its market is growing quickly and we know those people wants business progress and that's why there will be a lot of it that will adopt bitcoin soon.
April 23, 2017, 07:24:49 PM
This infographic sums up my thoughts on this.
See that tiny dot above the words: "bitcoin $19 billion"?
That's bitcoin's market cap in comparison to the global economy which is pictured to the right of that.
You really cannot compare the world economy to the crypto currency market capital ,there is a vast contrast and it is really not fair comparing the both markets.When it comes to the alt coin markets there are really a lot of shill coins and some of the coins are really over valued ,so i do not buy this one up,what ever manipulative the world economy is,it has a structure and a base and crypto market is not here to challenge all the conventional economic systems,but to provide an alternative solution in the digital era. See that tiny dot above the words: "bitcoin $19 billion"?
That's bitcoin's market cap in comparison to the global economy which is pictured to the right of that.
April 23, 2017, 05:40:56 PM
Once fiat can leave the system watch that drop to $24b
Dude if fiat left the system the system would be broke since bitcoin has value based on the USD. Who knows what will happen if fiat no longer exists. We would have a global currency and hundreds of them. There will be loads of new altcoins too.
April 22, 2017, 12:16:39 PM
$30 billions is a big number and I hope that it will soon double in the 2017. As you can see, more and more people are learning and discovering what cryptocurrencies are and how good can it be. And I believe that 2017 will definitely be the year of crypto.
It's not $30 billion it's $20 billion. The OP can't count.
No, he can't. He included shit like dogecoin, ripple, melon, bitcrystals, arcade token, ethereum. Those aren't cryptocurrency. Those are either pump and dump scam tools with no where to spend them, or big bank big business value transfer tokens. The only cryptocurrency on his list is Bitcoin and it has a market cap of $20 billion.
I don't even know why you would mention market cap anyway. It's a stupid metric and tells you nothing but the price. You could say the same thing as: hey guys, there are over 16 million bitcoins and the price is $1,250 - yippee.
April 22, 2017, 08:51:20 AM
Yes, cryptocurrency market capitalization has been increasing because in coming the world is complete with cryptocurrency trading platform, many government nations will obey that cryptocurrency is the leading generation of money, still there are many people who don't know what is bitcoin, but in coming things will change according to the situation once nation obey for bitcoin acceptance.
It is a very good thing that we can see cryptocurrency market is getting bigger and bigger, it means that we are more attractive for different kind of investors.Also, it means that there are even more people doing their transactions in our world, bitcoin capitalization is going higher along with the most known and trusted altcoins.
I still hope that we will actually see a big influence on bitcoin price and volume plus market cap, it would be not so great if the most of the new people coming into our community, would go for another cryptocurrency.
That is why I have diversified my investments, it is more secure if such a scenario will occur!
April 22, 2017, 07:45:05 AM
So the whole of crypto, even if we take the pure face value of $30 billion... is still less than 0.4% of gold market cap ($7.7 trillion today, according to http://onlygold.com/Info/All-The-Gold-In-The-World.asp). Yes, it's an exciting number, but still a very very long way to go.
April 22, 2017, 07:35:27 AM
Yes, cryptocurrency market capitalization has been increasing because in coming the world is complete with cryptocurrency trading platform, many government nations will obey that cryptocurrency is the leading generation of money, still there are many people who don't know what is bitcoin, but in coming things will change according to the situation once nation obey for bitcoin acceptance.
April 22, 2017, 07:32:38 AM
I can agree with some of the comments - marketcap is the most useless stat to form your viewpoint, or that - it is all smoke and mirrors.
We can't deny that cryptocurrency rose from 0. Absolute zero, and now we have $30 billion market cap achieved in less than 10 years.
This is awesome. We don't want to compare cryptomarketcap to global economy markets, it is not the way to go.
We also can't compare it to events that lead to bubbles i.e. 'dot-com bubble'. Cryptocurrency is here to stay, it is not a bubble, it is the future.
We can't deny that cryptocurrency rose from 0. Absolute zero, and now we have $30 billion market cap achieved in less than 10 years.
This is awesome. We don't want to compare cryptomarketcap to global economy markets, it is not the way to go.
We also can't compare it to events that lead to bubbles i.e. 'dot-com bubble'. Cryptocurrency is here to stay, it is not a bubble, it is the future.
April 22, 2017, 07:24:29 AM
And yet there are still people not have any idea what bitcoin is. But with the constant marketing and spaming of ICOs, it contribute spreading the word. Platforms had grab attention of the FOREX traders and its no wonder they are already here. 30 billion is just a mole.
April 22, 2017, 07:12:49 AM
$30 billion is actually a good one but its still a long way to go compared to where bitcoin is to be in a place that matters because that's a market cap for the whole world which is even not anywhere close to the extern reserve of most countries or countries put together which means we are still far from the promise land.
It's not $30 billion it's $20 billion. The OP can't count.
However, anything that concerns crypto concerns bitcoin because bitcoin alone is taking the largest share of the total crypto market.
$30 billions is a big number and I hope that it will soon double in the 2017. As you can see, more and more people are learning and discovering what cryptocurrencies are and how good can it be. And I believe that 2017 will definitely be the year of crypto.
It's not $30 billion it's $20 billion. The OP can't count.
However, anything that concerns crypto concerns bitcoin because bitcoin alone is taking the largest share of the total crypto market.
April 22, 2017, 07:07:42 AM
This infographic sums up my thoughts on this.
See that tiny dot above the words: "bitcoin $19 billion"?
That's bitcoin's market cap in comparison to the global economy which is pictured to the right of that.
Be honest.
If it were that easy, everyone would do it.
Which means, its not that simple.
See that tiny dot above the words: "bitcoin $19 billion"?
That's bitcoin's market cap in comparison to the global economy which is pictured to the right of that.
market cap is bullcrap bubble number.
i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..
thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.
i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..
thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.
Be honest.
If it were that easy, everyone would do it.
Which means, its not that simple.
He can't do that because other people will dump before him.
He wants to buy at 1 usd? He should eat the sell walls first, maybe cost billions usd.Nope, his idea is that he has created all the coins themselves, and only put one on an exchange: offer: 1 coin. And he buys it with $1.-. As such, the official price of that coin is $1.-, its market cap is as he announced, and the volume is $1.-.
Hell, he can even sell it again, and buy it again, many times a day. One single coin in circulation. Next, he buys it at $2.-, and hey ! 100% price rise, and a volume of X coins a day (X is the number of times sold to himself).
Only caveat: he needs to pay a fee each time to the exchange owner.
April 22, 2017, 06:48:04 AM
$30 billions is a big number and I hope that it will soon double in the 2017. As you can see, more and more people are learning and discovering what cryptocurrencies are and how good can it be. And I believe that 2017 will definitely be the year of crypto.
It's not $30 billion it's $20 billion. The OP can't count.
April 22, 2017, 01:49:54 AM
$30 billions is a big number and I hope that it will soon double in the 2017. As you can see, more and more people are learning and discovering what cryptocurrencies are and how good can it be. And I believe that 2017 will definitely be the year of crypto.
It's not $30 billion it's $20 billion. The OP can't count.
April 22, 2017, 01:47:05 AM
$30 billions is a big number and I hope that it will soon double in the 2017. As you can see, more and more people are learning and discovering what cryptocurrencies are and how good can it be. And I believe that 2017 will definitely be the year of crypto.
April 22, 2017, 01:44:16 AM
I spoke to a investment banker about Bitcoin a week ago and I mentioned Bitcoin's market Cap and he reckon that is like a drop in the Ocean compared to other industries and companies.
Just as a comparison, I have listen the Market Cap for some of the big dogs for 2017 :
* All market capitalization figures are in USD millions :
This list is up to date as of March 31, 2017. Indicated changes in market value are relative to the previous quarter.
Apple Inc - 753,718
Microsoft - 508,935
Amazon.com - 423,031
Facebook - 334,552
Wells Fargo - 278,516
Source : https://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization
My argument : Bitcoin has only been around since 2009. ^smile^
Just as a comparison, I have listen the Market Cap for some of the big dogs for 2017 :
* All market capitalization figures are in USD millions :
This list is up to date as of March 31, 2017. Indicated changes in market value are relative to the previous quarter.
Apple Inc - 753,718
Microsoft - 508,935
Amazon.com - 423,031
Facebook - 334,552
Wells Fargo - 278,516
Source : https://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization
My argument : Bitcoin has only been around since 2009. ^smile^
Most large and mid sized companies have a market cap larger than bitcoin. As a worldwide currency it barely has any users. Example: Tesla is a small electric auto manufacturer that sells less than 50k cars a year and it has a market cap over $20 billion.
April 21, 2017, 04:34:22 AM
A nice market cap but nowhere near what it will become
Trillions is still a likelihood in the farther future but I look forward to a 50 Billion milestone and am quite happy to see 30 Billion now.
As others pointed out market cap is nice but what matters is growth and usage as the foundation pillars behind the true price.
Reaching out 30B marketcap isnt a small thing and we can really say that adoption is on the move and we do see gradually increase of usage on cryptocurrency world and 50B milestone wont really be hard and we would definitely see those numbers. Trillions is still a likelihood in the farther future but I look forward to a 50 Billion milestone and am quite happy to see 30 Billion now.
As others pointed out market cap is nice but what matters is growth and usage as the foundation pillars behind the true price.
April 21, 2017, 04:04:27 AM
This infographic sums up my thoughts on this.
https://ip.bitcointalk.org/?u=http%3A%2F%2Fi64.tinypic.com%2F200rx2t.jpg&t=575&c=pew7Jfsf4PsMgA
See that tiny dot above the words: "bitcoin $19 billion"?
That's bitcoin's market cap in comparison to the global economy which is pictured to the right of that.
Be honest.
If it were that easy, everyone would do it.
Which means, its not that simple.
https://ip.bitcointalk.org/?u=http%3A%2F%2Fi64.tinypic.com%2F200rx2t.jpg&t=575&c=pew7Jfsf4PsMgA
See that tiny dot above the words: "bitcoin $19 billion"?
That's bitcoin's market cap in comparison to the global economy which is pictured to the right of that.
market cap is bullcrap bubble number.
i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..
thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.
i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..
thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.
Be honest.
If it were that easy, everyone would do it.
Which means, its not that simple.
He can't do that because other people will dump before him.
He wants to buy at 1 usd? He should eat the sell walls first, maybe cost billions usd. 
April 21, 2017, 03:54:46 AM
A nice market cap but nowhere near what it will become
Trillions is still a likelihood in the farther future but I look forward to a 50 Billion milestone and am quite happy to see 30 Billion now.
As others pointed out market cap is nice but what matters is growth and usage as the foundation pillars behind the true price.
Trillions is still a likelihood in the farther future but I look forward to a 50 Billion milestone and am quite happy to see 30 Billion now.
As others pointed out market cap is nice but what matters is growth and usage as the foundation pillars behind the true price.
April 21, 2017, 01:52:52 AM
market cap is bullcrap bubble number.
i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..
thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.
now for the bubble bursting info that blow people minds they will not like to admit to.
1. there is not $29billion in FIAT sat in exchange bank accounts to 'back' the valuations of all the coins in existance.
2. the price of a coin can ba manipulated easily.
it does not take $16mill to raise the price of bitcoin by $1 to make the bitcoin market cap rise by $16m
infact many times i have seen the bitcoin price rise by $1 by trading very little. even if that very little actually spent made the bubble market cap jump by $16m
its time people started to get out their calculators and see reality
i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..
thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.
now for the bubble bursting info that blow people minds they will not like to admit to.
1. there is not $29billion in FIAT sat in exchange bank accounts to 'back' the valuations of all the coins in existance.
2. the price of a coin can ba manipulated easily.
it does not take $16mill to raise the price of bitcoin by $1 to make the bitcoin market cap rise by $16m
infact many times i have seen the bitcoin price rise by $1 by trading very little. even if that very little actually spent made the bubble market cap jump by $16m
its time people started to get out their calculators and see reality
well not true, those altcoin have an actual volume that back their value it's not like there is only one buyer that bought once and they ended on coinmarketcap with that capitalization, what you say don't work
for bitcoin the same the real marketcap probably is way less than 20B because not all the 16M coins are on the market available to purchase, but all the exchange combined hold an amount of coin which is at least on the range of few millions
so there is a high chance that few Billions are in the exchange and in private trading that back up the bitcoin value
April 21, 2017, 01:51:42 AM
I spoke to a investment banker about Bitcoin a week ago and I mentioned Bitcoin's market Cap and he reckon that is like a drop in the Ocean compared to other industries and companies.
Just as a comparison, I have listen the Market Cap for some of the big dogs for 2017 :
* All market capitalization figures are in USD millions :
This list is up to date as of March 31, 2017. Indicated changes in market value are relative to the previous quarter.
Apple Inc - 753,718
Microsoft - 508,935
Amazon.com - 423,031
Facebook - 334,552
Wells Fargo - 278,516
Source : https://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization
My argument : Bitcoin has only been around since 2009. ^smile^
Just as a comparison, I have listen the Market Cap for some of the big dogs for 2017 :
* All market capitalization figures are in USD millions :
This list is up to date as of March 31, 2017. Indicated changes in market value are relative to the previous quarter.
Apple Inc - 753,718
Microsoft - 508,935
Amazon.com - 423,031
Facebook - 334,552
Wells Fargo - 278,516
Source : https://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization
My argument : Bitcoin has only been around since 2009. ^smile^
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