Good Morning!
The cryptocurrency market has had 2 solid days of growth. As long as it doesn't grow too quickly today, I think there will be a good chance to have solid growth for the near future.
Here is this mornings evaluation:
30 day rolling average of cryptocurrency market cap = increase of $10.2 Billion per day
I estimate that cryptocurrency market cap will pass Apple for the #1 spot in 34 days.
I estimate cryptocurrency market cap will pass the total US dollar in 8 months
Don't forget to follow @socky for updated charts
what do you think? When do you think everyone will be converting to cryptocurrency?
Please remember to VOTE
I am curious, what do you think would occur if it grew too quickly today?
I've noticed when the market grows too quickly, there is a pullback reaction. I have a feeling that investors are a little nervous about the short term future as it is been moving up and down at the extremes and suffered a significant correction. If the market does a significant pull back now as a result of a significant surge, then we are still in for a wild ride for at least a little longer. This in turn will keep long term investors away.
The last 2 days have had solid growth, but a little too much in my opinion. The growth really should be around $25 to $30 Billion per day. We had a $32 Billion and $47 Billion growth. As of this moment, it looks like the growth is accelerating. Bitcoin is over $16000.
I think you are right. There needs to be capitulation in between the surges upwards. People respect much more an investment they have made money all the up versus the speculative play they socked their gambling fund into to buy a lottery ticket. The volatility to steem and all affiliated with it is a good thing for all of us because financially it is better to be built by solid, respected capital rather than a trendy house of cards.
thanks for resteem
My pleasure and now I am following you.
Wow. Things are going quick and it is amazing to think how much we grew in in 2017. If we continue this pace you are 100% right that we'll pass apple soon. Where is the top of all of this? lol. I wonder when the crypto market will really change how the stock market and other monetary markets work. This whole thing is crazy and I'm loving it. Great post! Hope you had a great Christmas.
I wonder where the top is too. I honestly don't know. I know if you sum up all the stocks out there and you find that there is a massive amount of value. Cryptocurrency is not limited to a single value of a company, so it can grow to immense size as if you were to sum up all the investments out there.
As far as the stock markets are concerned, I think it is too heavily governed and weighed down with fees. It is not a far stretch for all companies to create a token of value based on their company's worth. Owning them would be equivalent to owning a stock. One significant difference is that an individual can own a fraction of a share where that is not really possible in the stock market without entering into an investment group....
That would be awesome if company tokens were available. I would buy kraft for the amount of macaroni and cheese I consume. When people realize they don't need to pay a stock broker and can get into crypto with only $20, things will change I think. We'll see. Thanks for the great reply.
That is hilarious. That Kraft tip may just be like insider information. Haha.
tnx for upvote
don't ya'll think futures on btc are a paradox? I mean, the crypto world was born to fight again the system that…
I think the futures have played a significant part in allowing the big fish to manipulate the cryptocurrency market.
The stockmarket is bound by laws where cryptocurrency is not. In fact governments generally hate cryptocurrency since it puts their spending ability at risk. Governments will happily look the other way when cryptocurrency is being played. The dirty tricks that these big fish would never get away with in the stockmarket are being exploited heavily in the cryptocurrency world. Cryptocurrency futures were just a tool that they used to exploit cryptocurrency. Was that the intent when futures were dreamed up? I can't help but think someone had to have thought about it.
Cryptocurrency fans wanted no centralized government control. Well, we got that, but the reality is that we have to take the bad with the good.
If the rise in the price of a crypto so quickly, it causes a lot of nervism especially due to the events of a few days ago the price of the bitcoin fell from $ 20k to $ 11k
But many investors see these variations as a great opportunity to double their profits
"I estimate cryptocurrency market cap will pass the total US dollar in 8 months" if it happens it will be amazing and the coins will have a huge gain :)
The quick raise comes after a long drop, it is only the effect of a lot of people getting they hands in cheap bitcoin, nevertheless, this grow will slow down, but at don't know in what point.
I hope you are right! That chart certainly looks like a dream come true for us crypto fans
thanks for the ifirmation, with your information I will add a level of insight, Thank you friend. follow my upvote resteem @aamaksal, best regards.
No doubt number 1 spot. It's just a matter of time :D
thanks @socky for sharing information.
Yes @socky sir...
I'm always trust crypto currency...crypto can change my future life...
I'm always try learn something about crypto and steemit....
I'm collect some sathosi day by day for my future...and trade btc and other coins in poloniex...
Good job dear friend...
Cheers%%%
Thats so good to know...l am new in crypto world and this has really being helpful to me..merry xmas @socky
thanks for this information..
Today is crazy.. Crash all coin.
@socky
I am curious, what do you think would occur if it grew too quickly today?
Bu sürekli artışa devam edecektir. Kötü bir dalgalanma yaşadı ama eskisinden daha değerli olacak. Bundan eminim. Ve bu dalgalanmada hala şansımız var. @socky @senseicat
what do you think about the recent declining bitcoin price.
and how your prediction of bitcoin in 2018, whether more expensive or more turu.
What is your opinion?
thanks for post @socky
this is really precised and I see very big numbers there compared to last year.
I have been following you for a while, I love stuff your Write and I benefit from it very much.
Thanks
Very infomative.....the slow rate in the growth would definitely make people panic.Patience,smartness, and being alert is the key to a wise investment.
Wonderful publication Thanks brother I wish you a happy day
Thanks for sharing.
Very helpful info.. thanks
I saw you commented on @senseicat blog, so I decide to pay you a visit. I just read your views on crypto market cap, I agree with you. Even if crypto market cap doesn't pass the total USD in circulation in 8 months, it'll definitely pass in the future. Cryptos always continue to grow.
Wow that's a great Prediction man.
@socky thanks for this,we really need post as such to read always...you are followed for more
Very nice..