First I am a beginner and I need an expert opinion.
Everyone knows from the january 2017 bitcoin price went up %900 . Only 2017 was really profitable when we look at the time chart.
And everyone thinks that it will be the same in 2018. But it wouldnt be so easy?
Also market cap went up 130 billion$ in one year.
I looked at companies with highest market cap in Stock markets like nasdaq.
Also it took one year to achieve 100 billion market cap value for that companies.
But for 500-700 billion $ market cap, it took 4-5 years to get that point.
And İs it possible for market cap to expanse 500 billion $ in one year ?
And it s correlated with price right?
You need to keep in mind that the marketcap doesn't exactly connect directly with the volume. Lots of volume is done on exchanges which does not show up in the blockchain transactions itself.
The marketcap isn't as useful at seeing how used it is compared to the actual volume. Which I am not sure if there even is a place that shows it all under one spot except for maybe coinmarketcap.com.
https://coinmarketcap.com/currencies/bitcoin/#markets