RE: What's Fueling This Massive Rise In Altcoin Valuations?

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What's Fueling This Massive Rise In Altcoin Valuations?

in cryptocurrency •  8 years ago 

There is no bubble at just 72 billion market cap.
Heck, we haven't even begun to chew the gum yet.

cryptocurrency
8 years ago by

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      ·  8 years ago 

    Haha I like that! We have only just now opened the wrapper ;)

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    5 votes
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      ·  8 years ago 

    All the gift wrap is scattered... and those martini glasses aren't empty ... yet.

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        ·  8 years ago 

      I've seen projections that say upper possibilities could be 1 trillion by 2023 that's alot of cheddar. Like Planet Cheddar

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        ·  8 years ago 

      That seems possible, and hopefully true :)

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      1 vote
      [-]
        ·  8 years ago 

      very possible.

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        [-]
          ·  8 years ago 

        1% of m2 money supply in btc, man that would be astronomical

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          [-]
            ·  8 years ago 

          Well if we talk about mass adoption this marketcap is nothing at all!

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            [-]
              ·  8 years ago 

            Yep, the entire crypto market cap is not even 1/10th of the market cap of Apple alone.

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            5 votes
            [-]
              ·  8 years ago 

            yeap. I would call it a bubble when my neighboors start talking about icos. that's when you pull out a bit.

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              [-]
                ·  8 years ago 

              EXACTLY! Compare 72 billion with the world economy.

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                [-]
                  ·  8 years ago (edited)

                True, however it is still very, very early. Less than 10 years since 2009!
                The Blockchain is big change and I highly doubt if it will go away anytime soon.

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                  [-]
                    ·  8 years ago 

                  Agreed!
                  Presumably the decentralized aspect of cryptos is far more important than most people fully comprehend. The central banks hate competition because they can't compete with Blockchains by using martial law and/or terrorism.

                  Long story short: the dollar is slowly sinking but I've heard some say that it will take about 5, 10, 20 years. Don't know for certain. We are all on our own...

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                    [-]
                      ·  8 years ago 

                    I don't think the alt-currency movement is gonna go down much at all. Dollars and gubmint centralized currencies are losing value while these decentralized blockchains look to be a way to hold value.

                    Calling this a bubble ignores the accumulating evidence of the blockchain's success.

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