Ran across this article:
https://libertyblitzkrieg.com/2016/06/04/deconstructing-the-bitcoin-market-cap-by-vinny-lingham/
Makes the argument that market cap is key for understanding bitcoin, and that we are basically at an All Time High right _now_, adjusting for the coin supply in 2013 versus now. I can understand people being resistant to that idea, but I think the logic is valid.
Anyway, what's interesting is his argument that $700 would be a key price point, and that if we broke through it there would be potential for another big bull run. It was quite solidly broken by quite a bit a few hours ago. His expectation for retrenchment seems to be coming true as well. If he's right, the next few days could bring even more thrills. (And moans from those who didn't buy in now.)
Topic: [Update] Bitcoin over $770 and $12,000,000,000 market cap. - page 2. (Read 2386 times)
Price is already over 700 in few exchangers like yobit. As bitcoin have already crossed 600 block its easy for bitcoin now to go over 700 and even reach 800 by this week end.
i hope your predictions are correct and it will grow that muchi want it to go up as much as possible as more people would be attracted
Price is already over 700 in few exchangers like yobit. As bitcoin have already crossed 600 block its easy for bitcoin now to go over 700 and even reach 800 by this week end.
...
I read that China was buying BTC big, in two waves, over the past few days. That seems like a very plausible explanation for the big price run-up.
Sudden price drops after a price spike up are common.
Were I to *guess*, I would say Americans and Europeans have been selling/spending BTC today. Wouldn't surprise me a bit.
I read that China was buying BTC big, in two waves, over the past few days. That seems like a very plausible explanation for the big price run-up.
Sudden price drops after a price spike up are common.
Were I to *guess*, I would say Americans and Europeans have been selling/spending BTC today. Wouldn't surprise me a bit.
Yet another huge milestone for Bitcoin
I'm honestly more scared when BTC starts doing quick parabolical rises. We all already know how this is all going to end up. We've seen it again and again with BTC itself and all the other altcoins time and time again. We've even also seen it happen to stocks and commodities.
I'd prefer it if BTC started doing a slow, quiet and steady rise. This current rise looks like it's being played and manipulated.
brilliant cant wait for the marketcap to be in the trillions , cause then i will be worth a fortune....... i love bitcoin.... haha 
This is Really surprising Price Increase.. I just checked bitcoin rate after two days and found that 130$ more Increased in bitcoin. 2 days ago bitcoin price was only 570$.
Increase 130$ in only two days is Simply Awesome, I can't say what will happen at the time of halving if bitcoin price increase that much constantly before the halving.
now I can feel that we may reach 2000$ possibly..
Increase 130$ in only two days is Simply Awesome, I can't say what will happen at the time of halving if bitcoin price increase that much constantly before the halving.
now I can feel that we may reach 2000$ possibly..
This is really nice to see bitcoin price above 700$. But again this is sudden increase in price and things which are sudden are not sustainable. I wonder what could be the factor for such a price raise in 2 days (one of these two days was a Sunday when most of the world had a holiday). If price can go so up in 2 days, it can go down even beyond expectations. So lets wee whats more to come.
I wonder if anyone bought at $250 last year
Lots of people did, I think my lowest priced buy was about $220
Yet another huge milestone for Bitcoin
The rate at which these milestones are being achieved remind me of 2013.
Hope we aren't headed for a great fall after this.
WTF capitalization? BTC is not a company. It's like you say " Gold capitalization" which is a NON SENSE ! pffff. Only kids on this forum? 
It is still useful to look at the coin supply and tally the total value at current market rates. You can do the same with gold, silver, whatever. One problem with gold is that no one actually knows exactly how much is out there in people's hands. That's probably why you don't hear much about a "market cap" of gold, except in rough estimates.
Yet another huge milestone for Bitcoin
This is really an important time for the Bitcoin.I do not know if the price of Bitcoin will continue to rise, or if after Halving the price of Bitcoin will decrease, but what is essential is that the Bitcoin reached 700$.
WTF capitalization? BTC is not a company. It's like you say " Gold capitalization" which is a NON SENSE ! pffff. Only kids on this forum?
I wonder if anyone bought at $250 last year
I remember so much FUD was spreading at that time. People were crying that BTC is 'ending' and to 'sell it all' before it will reach $0.The problem with Bitcoin's market cap is that is extremely unstable - we probably see market correction soon and price will be back to around $500 and so will market cap.
And it is not that we are even close to ATH with $700+.
Yes it is another milestone for bitcoin and I am making a good amount of profit just by holding bitcoin at this moment.
But it is all building up on a bubble of Chinese buying bitcoin. The moment they will start booking their profit, a huge crash will be seen.
If you want to buy then buy it in small quantities just to safeguard yourself.
But it is all building up on a bubble of Chinese buying bitcoin. The moment they will start booking their profit, a huge crash will be seen.
If you want to buy then buy it in small quantities just to safeguard yourself.
I wonder if anyone bought at $250 last year
Lots of people did, I think my lowest priced buy was about $220
It has been awhile since the last $700... It seems we have some resistance at $700. Once it is broken, we will be heading to $1000...
We're still 2 weeks away from halving, and its still going up. $704 at the moment.
Whoever doesn't want to buy bitcoins but wants to profit from the upcoming weeks, might want to look at forex traders like Etoro, you can speculate on BTC up there aswell.
Whoever doesn't want to buy bitcoins but wants to profit from the upcoming weeks, might want to look at forex traders like Etoro, you can speculate on BTC up there aswell.
This is Really surprising Price Increase.. I just checked bitcoin rate after two days and found that 130$ more Increased in bitcoin. 2 days ago bitcoin price was only 570$.
Increase 130$ in only two days is Simply Awesome, I can't say what will happen at the time of halving if bitcoin price increase that much constantly before the halving.
now I can feel that we may reach 2000$ possibly..
Yes, really surprising. This is the highest bitcoin's price has been in around two years - it last broke the $700 mark back in February 2014, when it was trending downwards following all-time highs of more than $1,100. Buy it now and wait. Increase 130$ in only two days is Simply Awesome, I can't say what will happen at the time of halving if bitcoin price increase that much constantly before the halving.
now I can feel that we may reach 2000$ possibly..
Yet another huge milestone for Bitcoin
Nice, We wait until reached $1000, I will hold my bitcoin until that's price is coming. I hope bitcoin price will always rising for the long time ago and make a domination with other currency. 
now is an outstanding time. I first sell bitcoin in rates 400USD and I thought it was great. but now the price has been in a position 700 USD. I was disappointed with my actions. but if I can sell it now maybe now I have become wealthy.
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