Quote from: Dr.Bitcoin_Strange on June 12, 2024, 02:51:34 PM

Well, if Bitcoin has a market cap of $1.37 trillion, the money is not owned by one person (Satoshi) alone but a compound sum of money from lots of investors from all over the world. When referring to the banks, it is a centralized organization, and they have some other investments and real assets that are worth a large sum of money, but when calculating their market cap, I think only investors assets and funds are what are being summed up; they don't include their own profit and assets. In my opinion, Bitcoin should not really be compared with those banks.

Yes, it's just a market cap and the same goes for other companies like Google, Amazon, etc. They're valuation of the entire companies and with Bitcoin as a whole. And it's not really a comparison against the banks, it's just how we view Bitcoin's growth over the past decade and so.

Quote from: FanEagle on June 12, 2024, 06:05:22 PM

This doesn't really mean much, but it is still good to see it because it is a feeling that makes us realize that we are doing something right. When it was much lower, it wasn't a feeling that we liked to see the market cap small, it was only a few billion dollars when I joined, not trillion, when I first joined it was like 4-5 billion dollars for the whole bitcoin marketcap, and now look at where it is.

When you grow from there to here, you realize two things, one is the fact that we are going to keep growing maybe not as quickly but still keep growing, and the other is that if I invested and not sold then I could have been a very wealthy person without a doubt. Instead of focusing on the second, I try to focus on the first.

And from that point, you're able to witness how's the growth of Bitcoin from the time you've start investing on it and from the current time. And not just that, it's going to continue to grow for the upcoming years. There will be some ups and downs for sure but it's only going upwards.

Quote from: GbitG on June 12, 2024, 09:27:39 PM

To be honest, If you see, now more people than before will have understood the potential of Bitcoin. That is, now these people have been told that Bitcoin is really one of the best investment assets. Earlier people used to see this Bitcion as a bubble and they thought that it will end after rising i.e. popping up. But the reality is not like that, now slowly the world has come to know that there is nothing better than Bitcoin and Bitcoin has proved it in many cases i.e. it has left behind banks and fiats.

And not just from being told so, they are able to witness the actual thing for Bitcoin. The bears and bulls are visible on it and there's nothing to hide with its market. I remember those days when a lot of articles were popping about Bitcoin's dead, Bitcoin's a bubble, a fad, whatsoever but here it is and have broken all of those negative impressions and FUD that have been spread.

Quote from: stompix on June 13, 2024, 06:04:41 PM

Quote from: tabas on June 12, 2024, 12:14:07 PM

I'm not sure why you're not happy when you guys are preaching to buy Bitcoin and then some folks over the internet shares some encouragement on how far is Bitcoin is now based on its market capitalization and thinks that this is a comparison where it's just a visualization of their market caps.

Just because you like something it doesn't mean we have to automatically accept every crap as being true, and trust me dailymail or watcher.guru, it's the same level of no facts all hype let's get clicks material! It hit the lowest of the low trying to make fun of banks on a gas leak explosion that killed people!
Anyhow, remember how Bitcoin works? Don't trust, verify!

Yep and thanks for the reminder about verifying it. I'd do better next time but I did a search about its market caps and that's what it shows and for sure it will change over time.

Quote from: stompix on June 13, 2024, 06:04:41 PM

Just because you like something it doesn't mean we have to automatically accept every crap as being true, and trust me dailymail or watcher.guru, it's the same level of no facts all hype let's get clicks material! It hit the lowest of the low trying to make fun of banks on a gas leak explosion that killed people!
Anyhow, remember how Bitcoin works? Don't trust, verify!

Quote from: tabas on June 12, 2024, 12:14:07 PM

Then wouldn't it be better to compare banks to exchanges? Wink

Agree, and that's much better.

Quote from: seoincorporation on June 13, 2024, 06:44:33 PM

And not only that, we can even compare Bitcoin Market Cap with some country's GDP (Gross Domestic Product).

And it's crazy how a decentralized project can be worth that much, and it can be worth more, there is no limit since countries can get in infinite debt to capitalize a project like Bitcoin and Cryptos.

Something that feels weird to me is the fact that bitcoin Market capitalization is more than 50% of the total crypto market cap, i feel like that's something that will change in the future.

Possible to change but I'm feeling that it's gonna be positive than that. There's so much in project and most of it are going to fly by night and will soon be gone and the market cap from those projects are surely going to flow if not with some other known altcoins, surely it's going to be Bitcoin's.