I read an article and found this to be motivating for those who is investing in bitcoin. I not a big fan of CNBC, but they do have some bullish news about bitcoin. Jamie Burke, CEO at Outlier Ventures believes bitcoin can reach $50,000 this year. Once the lightening network is interested, it over. So you guys better start stacking and HODL. You should also get some ethereum because it a utility token and actually have a use, that is definitely going to boom. February will be the only time for these price.
Source:
https://www.cnbc.com/2018/02/07/bitcoin-price-could-hit-50000-this-year-experts-say.htmlWill anyone explain me about market caps and anything that can be base related to it? I'm still really not familiar on these things, would appreciate if someone can share their knowledge about it.
The market cap of one coin is the total amount of circulating coins time the price of coins. For example, the market cap of bitcoin is $137,016,134,746 and it total circulating supply is 16,851,412. Each bitcoin is worth $8,130.84. Now if you multiple the the circulating supply which is16,851,412 and it current price, which is $8,130.84 you will get $137,016,134,746, which the market cap of that one coin. Now for the total market cap will be the sum of all the market cap of each coin. For example, ethereum market cap plus bitcoin market cap plus litecoin market cap, etc. I hope I help. Let me know if I did.
Here the sources if you need to learn more:
https://www.investopedia.com/terms/m/marketcapitalization.asphttps://en.wikipedia.org/wiki/Market_capitalizationThank you so much! it able me to understand a bit. Other question is, is market cap is fixed or not? if not, is it a good thing if market cap get higher? and if fixed therefore only the supply changes and the price depends on the market cap and supply right?
Sorry to ask you so many questions, but will you give me formulas for this.