Quote from: Kevin77 on September 15, 2018, 03:48:44 PM

Quote from: Dreamace7 on September 13, 2018, 07:07:58 PM

People are free to air their opinions and views on the cryptocurrency market, and how high it can rise.
I personally don't think that bitcoin can rise that much.
Over the next months (and possibly years) I feel the bitcoin market would stabilize, with more adoptions and circulation, it would always be volatile and the price would always fluctuate though. But by a smaller margin.

Yes. It is a free world and everyone is for sure entitled to what they feel but in the real sense, it is not something very realistic. First, to correct you, Zhao was not just referring to bitcoin, but the whole crypto space in general. For that kind of thing happening, just take the current market capitalization and multiply it by 1000 to see what that gives you and comparing to the amount of money available worldwide, see if this is something possible or not. I may be wrong, but does not seem like it.

Even though Vitalik does not support the statement that 1000x can even still be possible, well, it is still a very good belief. I know we still have more room to grow but at the same time, no one can really tell how far the space in this room can be occupied as there would always be several factors that would make things end up not seeming how we want it. With a thousand fold in the long run, we are talking about trillion of dollars market cap, which sounds a whole lot.

Actually math is very simple, market cap is 204 billion dollars, if you multiply that with 1000 you will get 204 trillion dollars market. Is that possible to happen? Of course it is, there are so many cryptocurrencies at the moment, most of them just began to grow, unlike bitcoin, litecoin, ethereum and others that are around for a while. Market will grow, I will quote CEO from Coinbase once again : "Billion people in crypto in next 5 years" That is huge, if that happens in 10 years there will be 2 billion people and crypto market cap will be trillions, maybe hundred trillion dollars. At the first this sound like way optimistic prediction, but crypto market has a lot of space for growing and x 1000 is very possible to happen in 5-10 years or more. Just don`t wish it next year, but in next 20 we will have a lot more coins and tokens, many halvings, and more people in crypto.