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RE: The Cryptocurrency Market Cap Breaks $60B For the First Time Ever!
I have a feeling we are going to be making these types of headlines for quite a while as crypto finally begins to break into the mainstream. By rights this should be a multi trillion dollar market at the minimum. The technology is literally world changing.
Agreed, since it's all basically a form of currency, just look at the money in forex and that will be in Crypto at some point. I could see Crypto taking a breather at a 500 billion marketcap and again at 1 trillion. It would be going mostly mainstream at around 5 to 10 trillion.
Yep, this is pretty much it. Whats hilarious is, its going to happen and so many people are going to be saying... "why the hell didn't I get into this scene" when they've had years, and people yelling from the roof tops about the technology and what it can do.
Could be :)
Yep, I only started getting into this around Jan this year, really "just in time" for the big alt coin rally. I so wish I could have gotten in big early last year, funny thing is people will probably be saying the same thing the beginning of every year for the next 5 years :) I keep telling people, you think your late to the game, but i promise them this is JUST the beginning!
I agree, still just the beginning. I got in with Steem in November of last year, bought my first Bitcoin sub-$800 in December and continue to be wowed by both the momentum AND the potential for growth. Basically telling everyone I who will listen to look into it for themselves. There will be a time when people say, "Damn, you bought a Bitcoin for $2000!!!" Or, substitute one of many awesome alt-coins at current prices. It's an exciting time.
Totally agree with this statement, still early days for sure.
Wow..Mainstream at 5 Trillion !!!
Thought for sure $2000 was a good retrace point....not yet...
We will know for sure in a few days :)
Waiting for the usual "The Bitcoin Surprise Move".
I think today it will hit over $2100
Exactly..not yet
BUY CRYPTOES SEEL THE US DOLLAR
The dollar will begin its 18 year cycle with a 9 year downturn period to the eurocurrencies as it always has done. This will probably be very bullish for precious metals.
Check out this post for more on the cycles of weakening US dollar and the current state of the dollar.
https://steemit.com/dollar/@sjovmaiin/the-coming-fall-of-the-us-dollar
With any hope, I have a holding in NUGT (leveraged mining etf) of about $1500. Kind of a gamble but I agree that precious metals are due for a run.
And i had a dream btc is going $5000 before this year runs out,the dream is actualizing.
支持！
For blast off!
Yep I agree. Blockchains have enormous potential. Which is only just now at the beginnings of being realized.
I agree 100% the applications for block chain are infinite. Thankfully, it appears that Bitcoin won't be dethroned as the crypto emperor for a number of years...Litecoin is basically what silver is to gold. Really excited to see how the market continues to evolve.
Its actually pretty amazing how strong first mover advantage is. Especially for litecoin as it doesn't bring anything particularly unique to the table.