Quote from: Cakinmate on July 23, 2017, 07:08:40 PM

Quote from: MrSunshine on July 23, 2017, 06:29:13 PM

Quote from: Rippletaker on July 23, 2017, 04:39:16 PM

I've been claiming free Bitcoin & I believe Bitcoin will reach $500,000 by 2030.

The market capital for all Cryptocurrencies rose from 6 billion in January to over 100 Billion in June. It's becoming more adopted by the mainstream year on year. As more interest comes along, there is a higher chance of cryptocurrencies reaching the 1 trillion mark in market capital. To newcomers, market capital is the total amount of USD/EURO and other currencies which are invested into Bitcoin & other Cryptocoins. Bitcoin tends to hold around half of this value but this could change.
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Get your facts strait. At the beginning of the year, the crypto market was ~17 Billion not 6.

The total market cap is about $80 billion now. So that is almost 5 times increase.

Yes....the cryptocurrencies are doing great but how much of it is just hype? How much of its value is supported by solid, well informed investors, and how much of it is just excited money injected by new investors who want to get in before it's too late? I think that much of the cryptocurrency market cap is supported by real development on the ethereum chain....I'm not so sure about the investments into the bitcoin chain....that looks like pure FOMO brought on by recent surges in the ethereum token markets....I dunno how accurate the coinmarketcap numbers are either....they're fishy at best, 4764 markets?