They say a picture is worth a thousand words...

flycryptoguy (50) · 7 years ago

Heads are turning now, when BTC hits 4k and sustains that price for a while, it will be a pivotal moment in my opinion. People will start rushing in at a breakneck pace. Exciting times!

Following you. Please follow back, I have some really cool posts planned.

Thanks!

kaarel (49) · 7 years ago

This really puts things into perspective! Much appreciated post, thank you!

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cryptocrypt (25) · 7 years ago

Yeah for sure, I try to show simple infographs to people when I start to talk about Cryptocurrency because what I am hearing now from some that have heard about BTC is "Well, isn't it in a Bubble?" This does a great job of showing that if we are in a bubble, it's quite a small one and we've got a long way to go~

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freedomnation (57) · 7 years ago

Bitcoin is a gateway currency and this is only a speculative value. For example, compare Apple to Bitcoin? What is Apple offering? Real, physical products among everything else. What is Bitcoin offering? Gateway to the market exchanges and some darknet value. It's used only because people don't have better ways to put fiat into crypto. + the fees are already too high.

Steem has more to offer than Bitcoin. First, it is empowering decentralized social media. Second, it has a huge potential of becoming a major player in the social media world and it might ignite some first decentralized broadcasting media. Third, we could see Steem along with EOS, BTS and other, as a future way of payment because of speed and no fees of transactions. And the last, but most important, we could see Steemit becoming a great online community capable of influencing social trends, starting charities, great quality content and much more.

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bitworld (36) · 7 years ago

thats great and all, but bitcoin does so much more than just be a payment system for the dark-net(other alts are taking bitcoins place in the dark world) bitcoin is in a class of its own, just one example is if you need to buy other alts for your software well you have to buy bitcoin and exchange it on one of many exchanges available. and when you need to sell your alt coin, you have to convert it back to btc. so you see as the alt coin market goes through its winners and losers, bitcoin will simply eat up all the alt coins that fail eventually. thus adding more to btc market cap. plus its a storage of wealth on top of these things, so even more being added to btc market cap....plus moble casinos use btc now, there will be beter markets than ebay,,,, etc,,,,, it will keep growing to 1 million per bitcoin in our life time.

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dandesign86 (68) · 7 years ago

Bitworld you seem to know your stuff, so i got a question for you (I am not very knowledgeble about the crypto curriencies at the moment) . As you mention you have to use bitcoin to exchange for other currencies, this definetely is an awesome quality of Bitcoin that will always ensure high demand for it. My question is: is there anyway to buy any altcoins directly and not through exchanging Bitcoins? Further, if it is not possible today will it be possible soon you think? i am interested because if this status were to change i am sure that Bitcoins place as number one would change pretty fast.

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bitworld (36) · 7 years ago

That is correct, but if you go to coinbase you can use ltc, and eth for exchanging to fiat currency. There is also a exchange called coinexchange.io you can deposite lots of alts here and trade for btc, and many other new alts to be thrown into the crypto economy. But as far as bitcoin goes it will still be the safe investment compared to 95% of other coins for a long time, literally 98% of all things crypto, use btc. And will still have to use btc one way or another. Its also a means for storing your wealth. if you look at the global index, total $$$involved in a safe investment such as gold, well we are talking tens of trillions of dollars. so we are just at the starting point for mainstream adoption, we are past the early investors, now its time for the boom. bitcoin will hit at least 47k per coin when we hit 1 trillion in btc markt cap, and i see bitcoins capturing 5-20 trillion in our life time if not more. so btc will definitely hit 1 million per btc in 10-20 years from today.

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terrapinaj (39) · 7 years ago (edited)

With Coinbase you can use USD to buy LTC, BTC, and ETH directly yes. Though if we look around the total crypto space we are seeing more and more global exchanges that are opening up direct buying opportunities for fiat pairs. so one could skip bitcoin and go straight into Dash, or Z-Cash, or Ethereum classic if they choose. This is happening increasingly on the Chinese and Korean exchanges. Bitcoin is still the whale that's true, but it's dominance is being chipped away at in a steady way and will continue to do so until it finally scales and adopts segwit. If that whole thing gets solved in a satisfying way, which I'm sure it will, bitcoin will see it's nice stairstep. We will probably get an other surge into alt's at the same time.

@dandesign86 If you are going to invest in bitcoin right now just be SURE to read up about Segwit2x (google it or search here on steemit) and what the implications are and HOW and WHERE you should store your bitcoin (hint, not on an exchange like coinbase or poloniex. Electrum wallet seems to be a very good safe storage place)

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bendixon (36) · 7 years ago

Don't forget about Shapeshift for conversions too. http://shapeshift.io/

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shmu28 (44) · 7 years ago

1 follower ;))

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englishtchrivy (72) · 7 years ago

@jrcornel

Some people like to say that Bitcoin isn't really a currency either.

which cave are they from?
only those who has never experienced using it in a physical store would say that

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libertyteeth (60) · 7 years ago

Not exactly; Coinbase now allows sales of ETH and LTC.

You're mostly right though!

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shmu28 (44) · 7 years ago

cryptocurrencies, stocks, companies and even gold are worth what the people think they are worth. Other than people noone in the university needs these things or cares about their value ;))

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foufrix (36) · 7 years ago

Wait what ? are you crazy ?
It offers a personnal bank account and a way to exchange, and it's getting more wide than only the darknet. Take steam for example, you can pay game in BTC.

BTC is always critizise, but actually it's the crypto that is the most develop and scalable. You see ETH getting in trouble of scalability right now.

True that some crypto offer another value more than just "money". But don't forget that they all depend on BTC. I just hope that futur fork will lead to good :/

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satindersingh991 (25) · 7 years ago

Well explained :)

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bitworld (36) · 7 years ago

by the way i see steemit like the way I see Facebook but better platform, so it will take Facebooks spot.

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imwatsi (67) · 7 years ago

Yes, the social aspect of Steem through Steemit is what gives it mind-blowing value. Steemit is penetrating homes, social circles, information markets and entertainment markets. It has the potential to be everywhere!

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rschenk (45) · 7 years ago (edited)

My thoughts exactly! I read this same article and had a very different outlook than the author. Even though they are clearly trying to make the argument that Bitcoin's growth is only the result of a bubble based purely on hype (There's an original claim!) it's all in your perspective. You could make two very different assertions looking at this same chart.

A critic who believes cryptocurrency is just a fad or a really elaborate Ponzi scheme would look at this chart and scoff at how little Bitcoin is compared to the amount of attention is has garnered by the media. Looking at the data, you would assume an investment in Apple or Amazon would have paid much bigger dividends by now. But that's comparing Apples to oranges (pun intended :P). Amazon was founded in 1994 and was first publicly traded in 1997 at $16/share. Apple was founded as a company in 1977 and went public in 1980 at $22/share. If you adjust for splits, that puts Amazon at $1.96/share and Apple at $0.39/share. Bitcoin was created in January 2009 and the earliest exchange data I could find on Bitcoin was in Aug 2011 when it was trading at roughly $12/BTC and then due to early volatility in the market it quickly fell to a low of around $2/BTC with an average of $5.10/BTC in the first 30 days.

So, let's say you were incredibly lucky and you were able to invest $2k during the initial offering of Amazon (the largest company to emerge from the .com era) and Apple (currently the most highly valued company on the planet). With your initial investment of $2k in AAPL in 1980 at the split-adjusted price of $0.39/share, you would be able to sell your shares for $746,923.08 USD (5128.205128205128 AAPL at $145.65 USD each).

Your initial $2k investment in AMZN in 1997 at $1.96/share would have netted you an astonishing $1,022,632.66 USD (1020.408163265306 AMZN at $1002.18 USD each) at the time of this writing!

Now, let's say you invested $2k in BTC in 2011 and bought 246.9135802469136 BTC when it was trading at $5.10/BTC on BitStamp. With the current exchange rate of 1 BTC = $2698.23 USD at the time of this writing, your initial investment of $2k would now be worth $666,229.63 USD. Not quite as impressive as what you would be worth had you been able to get in on the ground floor of Apple or Amazon.

However, you have to consider that we are only eight years into BTC being available as a currency. If you consider the amount of time each company has been publicly traded, Amazon has had a 14-year head start over BTC, and Apple is the dinosaur having had a 31-year head start over BTC.

Given all that, I would say Bitcoin has performed hand over fist better than any current tech company on the market.

So, any informed investor could look at this same chart and make the argument that for a digital currency that was only an experiment in digital currency just eight years ago, BTC has performed exceptionally well. Born of a failing economy created and heavily regulated by governments and central banks, what other investment opportunity can you show us that has proven more resilient to stock market fluctuations, weak growth or scandal than cryptocurrency?

I say to the crypto-critics, don't ignore what is consistently proving to be a great investment opportunity and a great chance to be part of a piece of history. As they say, don't put all your eggs in one basket, and don't invest more than you are willing to lose. You shouldn't drain your 401k into cryptocurrency at this point. However, don't pass up on an opportunity like this such that we may not see again in our lifetime.

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5 votes

jrcornel (84) · 7 years ago

There is some really great history in here. Thanks for sharing!

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bitworld (36) · 7 years ago

Very well put. You would think its that simple just follow the math, but people are very emotional beings and they follow the crowd. Basically its monkey see monkey do, its only a matter of time before its mainstream adoption....

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evanrvoss (67) · 7 years ago (edited)

very nice picture....If people think BITCOIN is overvalued have them compare its market cap to a similiar company like PAY-PAL. Both companys are very similiar but PAY-PAL has a market cap that is about double the size of BITCOIN.

$60 Billion compared to $30Billion.

^^UPVOTED^^

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kozak (54) · 7 years ago

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5 votes

whitesj40 (44) · 7 years ago

great giff

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anarcho (38) · 7 years ago

Hahaha, that's a perfect crypto gif.

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Sources:
https://blockchain.info/charts/avg-confirmation-time?timespan=30days&daysAverageString=7

kozak (54) · 7 years ago

For the record:
Today's (June 20th, 2017; 40 days before segwit via NYA/UASF) stats to remember:

BTC price: $2680
Average confirmation time: 426 minutes
Average fee: $4.15
Transactions per block: 1774
BTC market cap: $44,474,013,720
Market cap ratio: 39.5%

Lets revisit these stats around October and evaluate if segwit is really a scaling solution. And lets see if we will be able to claim part of 40% market cap ($40 billion) we lost since the progress was blocked.

Sharing to help retain collective memory and avoid similar in-fights in the community.

https://blockchain.info/charts/n-transactions-per-block?daysAverageString=7

http://coinmarketcap.com/

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4 votes

jrcornel (84) · 7 years ago

I look forward to revisiting as well. :)

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http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/

birdinc (62) · 7 years ago

Scroll through this visualization of the world's money and markets. It's jaw dropping.

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zackcovell (43) · 7 years ago

Bubblicious! That derivatives visual is out-of-this-world.

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ejhaasteem (68) · 7 years ago

Interesting information, right now I also collect bitcoins, albeit in small quantities, but I am sure, one day the price will double from what I gather.

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bulkygangsta (47) · 7 years ago

I'm expecting a price of 10k this or next year ;) so I think that the plan of doubling your money will work :p But have some patients my friends. I hop Steem will reach the 5 dollar soon.

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themevlog (53) · 7 years ago

what do you think of Ethereum?

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bitworld (36) · 7 years ago

i wouldn't hold eth, its manipulated, and controlled supply
example flash crash of on gdax a few days ago.

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themevlog (53) · 7 years ago

any source i can look into?

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bitworld (36) · 7 years ago

for etherum?

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themevlog (53) · 7 years ago

yes

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https://forum.ethereum.org/discussion/46/total-supply-of-eth

bitworld (36) · 7 years ago (edited)

does this help?

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mirage (52) · 7 years ago (edited)

I now at least once fact.
Humanity will eventually get red it off physical currencies and this crypto era is unstoppable
waaaait. It makes it two

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anarcho (38) · 7 years ago

Absolutely! It's a beautiful thing.

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dontstopmenow (68) · 7 years ago

Most likely more than double imho.

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ejhaasteem (68) · 7 years ago

hahahahah Exactly what I think will more than double

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bitworld (36) · 7 years ago

not double, but qua-triple :)

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stackin (78) · 7 years ago

We have seen nothing yet! We are just in the beginning of the biggest rush since tulip Mania 💪🏼🙌🏼💯

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jrcornel (84) · 7 years ago

I love me some tulips! :)

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stackin (78) · 7 years ago

Tulips are damn pretty 💐🌼🎍🌸🌺😂😂😂😂

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sadekj (58) · 7 years ago

Thank you. That was very insightful.

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automaton (56) · 7 years ago

Nobody questions the bubble may be in the fiat currency that Bitcoin is priced in.

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sherlock2 (40) · 7 years ago

Nice post, i've been wondering about this myself!

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dovlet (49) · 7 years ago

looks cogent, but does the value of bitcoin rise proportional to its market cap?

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jrcornel (84) · 7 years ago

Pretty much, but not exactly. The inflation rate is very small in Bitcoin so it would stay pretty close, but you do have a point that it is not exactly equal.

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psychlux (36) · 7 years ago (edited)

If my maths is correct, if there's 83.6 Trillion in total, then that's about 11 thousand each given there's 7.5 billion people on Earth. There's a lot of people who want equal-ity, but it will never happen?

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poss (56) · 7 years ago

I am sure there is a nice future ahead for cryptocurrencies and in my opinion the only question is: Is it going to be bitcoin in charge in 1, 2, 5, 10 years? Or is it going to be some other coin. Bitcoin at the moment is taking all the glory in mainstream media and will forever be "the first", but is it going to be enough? I am still relatively new to all of this, so what do you think @jrcornel ?

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bitworld (36) · 7 years ago

eth will take bitcoins place for number 1 in market cap by end of 2018 if not sooner, but bitcoin will come back to retake its thrown later down the road.

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benchi (47) · 7 years ago

Interesting read, would reccomended!

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meme.for.steem (46) · 7 years ago

That is just unbelievable that Bill Gates is worth as much as all the crypto (close anyways)...Not for long tho, Billy! Very good visual tho to understand things. Appreciate the post!
dear fiat...image

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devonking (49) · 7 years ago

HAHA, well that puts things into perspective, although I have known the current market cap is laughable and contrasted this to forex markets before to speculate just how high it is to the moon for BTC, this image and explanation do a far better job. Thanks for the share, now take my minnow pittance. :-)

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exavier (50) · 7 years ago

Exactly what I have been saying. People keep saying bitcoin is done and I don't think so. Etheruem, steem, etc are the future but Bitcoin has life left in it. Cryptos in general are still just starting off and have a long way to go. Love how you put this scale into perspective, lol.

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buster544 (52) · 7 years ago

Well that's a positive note for sure, maybe getting in late for the game opener but still a lot of game (gains) to go.the but with the possibilities endless one can still get in on the ground level!

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gabz89 (44) · 7 years ago

great context - thank you!

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teutorigos (49) · 7 years ago

That's true, the picture speak more than a thousand words!

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drpuffnstuff (60) · 7 years ago

It would be cool to see a list of companies the same value as bitcoin and watch it jump through the ranks as its evaluation goes up.. I know that total coin market cap reached Uber's value the other day. Thanks for sharing though, it puts it into perspective!

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discernente (76) · 7 years ago (edited)

It really shows the growth potential of bitcoin if it someday becomes mainstream.

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greenstar (51) · 7 years ago

I think your picture over-represents where bitcoin is today - the pink circle should be even smaller!

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dune69 (64) · 7 years ago

I'm pretty sure bitcoin has far to go... and where it stops nobody knows :)

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nicetea (51) · 7 years ago

Way too many people say that "Ohh I should have bought sooner" Stop crying ffs and buy now :D

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patrickpeace (46) · 7 years ago

well-researched post. Thank you

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somethingsubtle (56) · 7 years ago

Makes even the largest ICOs seem itty-bitty by comparison.

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jose-alberto (46) · 7 years ago

Thanks for the info, it was interesting but I am not so sure about Bitcoin becoming that much valued...There are too many new currencies which are better in other different areas and markets rather than bitcoin and will overcome it.

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foodlink (39) · 7 years ago

Well put sometimes the picture say more then words!

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akiyoshi (58) · 7 years ago

Cool..
Great post..
Upvote and Resteem.!!

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captainobviou3 (63) · 7 years ago

That picture really does give a great perspective. I just want 1% of it. Too much to ask for?

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charles1 (68) · 7 years ago

Bitcoin is a good investment and will alway add value to the investors...Steem is also good and will do great too

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fproductions (66) · 7 years ago

Impressive work on the post. Very infomative

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wendigo (25) · 7 years ago

Let's see what will happen first in August with the possible forks before we draw any conclusions. Uncertain times.

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emiliocervantes (29) · 7 years ago

Interesting, I think the same, I also published some about bitcoin and its power, its incredible how virtual money can reach the wealth of Bill Gates in 10 years. Cool post

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senor (48) · 7 years ago

This is a good post.
It shows how Bitcoin has grown. It is crazy.
Some people still think it is nothing. They are in for a shock.
Bitcoin will be worth a whole lot more we know that.

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ruta (46) · 7 years ago

its pretty crazy now, remember when it was like $200 and thought that's expensive :)

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prakashghai (63) · 7 years ago (edited)

A probable answer to your question "I wonder where steem might fit on this scale ?" is...

Bitcoin shoots upto USD's Current Market Cap

Steem shoots upto Bitcoin's Current Market Cap.

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watchesdaily (42) · 7 years ago

I'm getting tired of my friends calling it a bubble, and now you want me to show them a picture with even more bubbles :( haha

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themevlog (53) · 7 years ago

mind boggling...upvoted!

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denmarkguy (76) · 7 years ago

@jrcornel, well done for offering this perspective! This is pretty much what I am always telling those who start talking about "speculative bubbles" and whether cryptos can "become any bigger."

Fundamentally, if we believe that blockchain technology and decentralized cryptocurrencies are "a viable thing" (i.e. the fundamentals are sound), then we're basically at the very beginning of a tiny snowball starting to roll down a very large mountain.

If a crypto economy grew to 10% of global GDP, that would be 7.5 trillion dollars... or a 7500% increase from current total cryptocurrency market caps. So yeah, it could grow a LOT more.

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azlicr (57) · 7 years ago

Good post @jrcornel thanks for sharing

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percsalert (26) · 7 years ago

Checkout my good friends blog. He has a nice refreshing look on BTC that can help out our echo chamber here. I don't exactly agree with him but it is a very nice read
https://steemit.com/bitcoin/@brandonadams/bitcoin-macroeconomics

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travelersmemoire (58) · 7 years ago

This really puts it in perspective. What I'm currently questioning is if Bitcoin will soon be falling. Many of the highest market cap cryptocurrencies simply got there first. They aren't the fastest, most lean, etc.

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steemanator (40) · 7 years ago

Good way to put it in perspective. Long way to go yet.

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carry0n (55) · 7 years ago

Thank you so much for your informative article. Upvoted and followed!

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carface (63) · 7 years ago

Yeh well said, a new paradigm is happening right here right now!

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exyle (79) · 7 years ago

This is a thought I always have in the back of my mind too. Buy and hold is the best bet.

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queenpine (39) · 7 years ago

Cryptos are the new money. Will they be backed by something? Who knows but what I know is people better start paying attention. Governments and banks have lot the trust of the people and this is why cryptos are taking off.

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melowd (3) · 7 years ago

You got it right. It is going to get better in the coming years.

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davedharma (34) · 7 years ago (edited)

I appreciate the data visualization!

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crypt0.critic (47) · 7 years ago (edited)

"We are not talking about the price of a speculative asset. We are talking about possibly an entire paradigm shift."

Well said my friend. This is just the beginning and mass adoption is just around the corner. Lets not forget that this world is still developing. Bitcoin will still change and scale as the market expands just like it is in the process of doing now.

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logic (67) · 7 years ago (edited)

It not just worth thousand words but also will probably be soon worth thousand dollars, once more upvotes kick in haha :-D

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vegasbitcoin (32) · 7 years ago

I do believe in Bitcoin, but there will be other Crypto's like Steem, ETH, Litecoin, Dash and others that will also enhance our everyday lives. The Crypto's will become more competitive in the very near future as ICO's are starting up all over the place. We are livinig in very exciting times and just think 99.9% of people on this planet have no clue about Crypto's, the Blockchain, Smart Contracts or anything else to do with them. Great post though and thanks for your input.

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lj9977 (25) · 7 years ago

There is still a lot of room for Bitcoin to grow. Up, up and away! Early adopters are going to be extremely happy!

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hammadkhan (35) · 7 years ago

yeap really it is unstoppable it will goes and goes even 1 million dollars coming away

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steveitt (53) · 7 years ago

Bitcoin definitely has room to grow! Bitcoin is valuable because it is first, and because it is digital money (it is divisible, fungible, store of value, etc.).

There is/are other coins that are doing the same thing better, but don't have dev/marketing and leader advantage--and some of those have LOTS of room to grow, and a few in particular may have the potential to surpass BTC. Yeah, you heard me say it... :)

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https://steemit.com/bitcoin/@rhino/how-big-is-bitcoin-really-this-chart-puts-it-all-in-perspective

theblindsquirl (57) · 7 years ago (edited)

Umm, not to be a narc, but:

Oh, never mind, it looks like half of Steemit is posting it now.

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jrcornel (84) · 7 years ago

That's ok, it isn't my creation. It's on the internet, it is free for anyone to use. I actually found another one on steemit as well and it looks like they posted it a couple hours before I did.... I had no idea, and likely this poster didn't either.

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theblindsquirl (57) · 7 years ago (edited)

2 or 3 more now.

Maybe everyone is following the same news feeds?

I guess there's a lot of attention on being first, kind of like how the news organizations used to be.

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jrcornel (84) · 7 years ago

Yep. I try to be first usually or put my own spin on things.

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theblindsquirl (57) · 7 years ago

You were first and you gave the most detailed explanation to go along with it.

So please accept my 0.13 vote. ;-)

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jrcornel (84) · 7 years ago

Thanks. I just gave one of your recent posts a little bump as well ;)

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theblindsquirl (57) · 7 years ago

Thanks, which one?

Just wondering if it was a random act of kindness or if I got something right? ;-)

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jrcornel (84) · 7 years ago

I liked the facebook trolling one. Anytime we are spreading the steemit name all around it gets me to open up the votes. :)

bitbybit (47) · 7 years ago

Too the moooooon!!!!!

#HODL

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wicky (8) · 7 years ago

wow amazing...! i like your content keep posting stuff like this, i followed and upvoted
your post and please also upvote and follow me @wicky or click on image. i need more followers
can u please help me to get more followers i am new here? thanks

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theblindsquirl (57) · 7 years ago

Just because I'm not afraid to sound like a dumbass,

Does Bitcoin have the ability to actually replace all of those transactions that are currently done with fiat & digital money?

Or will there be something else that comes along & Bitcoin was really like the Model T that kicked it all off and made it mainstream?

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jrcornel (84) · 7 years ago

That is the million dollar question. Likely something will replace them yes. Whether it is Bitcoin or something else remains to be seen. Bitcoin enthusiasts like to say that whatever Bitcoin can't do currently will eventually be forked into doing later. Others think something will eventually replace it.

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kti (33) · 7 years ago

Luv it‼️

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tohamy7 (60) · 7 years ago

Easy.

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aguayojoshua (49) · 7 years ago

Actually the graphic makes it seem like much bigger than I thought it was in my head. While it is true there are individuals with much more money, Bitcoin also happens to have a lot of competition nowadays. Many other coins will attract wealth away from BTC.

Do you think some-high profile millionaire entering the scene could crash the crypto-economy? Thanks for sharing!

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romanex1212 (34) · 7 years ago

this is tight

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dongwon0308 (33) · 7 years ago

Here, you're making a wild assumption that Bitcoin is the only payment gateway. But, yes, I agree with you. Bitcoin still has a lot of room for growth.

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exan (55) · 7 years ago

Congratulations @jrcornel
You took 62 place in my Top 100 of posts

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skytrex (59) · 7 years ago

Thanks for the visual, but derivatives dwarfs them all combined!

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trevis (38) · 7 years ago

If Bicoin can get past all of these scalability and function debates, Bitcoin has only reached a fraction of it's potential.

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raisedinphilly (36) · 7 years ago

I personally think it will blow up by 2025, think about the population on earth and how there is such a small fraction of that who actually use and know what bitcoin is. Once the word spreads about it, it will be worth over $50,000 easily. Just a few years in from being "big" everyone is already adopting it, stores, banks even casinos.

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barvon (66) · 7 years ago

Bitcoin is soaring for now, I'm sure he will last for a very long time. The bitcoin market we now see is in the process of seizing it with people who will buy or sell it.
Thank you for sharing this information ^^

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steemspoker (62) · 7 years ago

That's funny and great thinking :-)

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bek (49) · 7 years ago

A lot of people refer to bitcoin as digital gold. Can you imagine if bitcoin reached the market cap of gold!!!

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natasmr (52) · 7 years ago

In fact, the value of the assets of the large companies includes also the margin for the brand. And the speculative short may be significantly reduced. So I think you need to take into account their real value

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imwatsi (67) · 7 years ago

I appreciate your efforts to put things into perspective!! I had no idea about the actual figures and I always had that query in the back of my mind of how big is Bitcoin's potential, as well as Steem. Now I see.

Thanks :)

P.S. I see Steem surpassing Amazon in market cap real soon. Wild dream? I'm convinced it will.

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davebrewer (59) · 7 years ago

Great context. Pictures always helpful in the comparisons

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nepd (66) · 7 years ago

That really helped put it into perspective @jrcornel. Dropping a rare 100% upvote on this one!

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firepower (79) · 7 years ago

Thank you @jrcornel for the great post!

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lauro (45) · 7 years ago

what a nice pic. Thanks, i will reply this

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marcoalpha (31) · 7 years ago

Nice content, but what about the perspectives of the riches families of the Rothschilds or Rockefellers? Don't forget them ;) So Bill Gates is rich, of course, but in contrast to those families his worth is just nuts :) Greets from Germany and keep going Dude plus stay safe!!!

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thecryptofiend (74) · 7 years ago

I think that diagram misses derivatives - if I remember right they have more money in them than all the rest of these things combined. It is an insane amount.

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itzleon (25) · 7 years ago

I still think Bitcoin and Altcoins still have some time before the bubble pops. There is still a lot of barriers into entry of cryptocurrency. As it gets more mainstream the bubble will pop.

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practicaleric (66) · 7 years ago

Wow..I like your analysis. This just means that bitcoin will continue to grow in value. Thanks for sharing.I upvoted and resteemed

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mhangami (37) · 7 years ago

Learning from giants like you. Studying the pattern weekly.

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