Amazon marketcap: 780 Billion

>babbys first tidbit of financial understanding
>muh-muh-market cap
Yes! Babby that is a thing! Gold achievement trophies for you and all your friends!

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Fuck off, this is precisely what we don't need

I actually want bitcoin as a hedge against the current money = debt house of cards that is going to collapse all around us.

Making a quick buck now isn't going to be worth shit when the global economy starts shitting the bed

Ffs list currency marketcaps
you'll shit bricks

holy fuck

Gold has a 7 trillion market cap
Silver 3 trillion

useless fucking metals that

BTC to 500k confirmed

USD market cap is not easily calculable but it's many multiples of gold.
NANO BCH XMR and many others all going after that.

Gold and Silver are not currencies you snarky faggot.

Crypto Market will likely 10x. It’s possible however that BTC won’t constitute the lion’s share of that market cap 5-10 years from now.

You can't say that unless you have any reason to believe it won't be or what will likely replace it

You're just spouting nonsense otherwise

I agree with you. USD coins are increasingly the most popular trading pair. BTC is disentangling.
If BTC loses another 50% of market share - as is likely since it's a pretty shitty store of value and can't do much else - it will be vulnerable to all types of market cap takeovers.

I thought you had nothing, I wanted to bet against BTC all year, but I've had to bow to its power. Soon you will too

I have BTC too. Just saying that it could happen. Crypto might be judged as emerging tech instead of an alternate gold. If that is true (and it increasingly looks true), new money flooding in could be looking for new technology.

Well, the reason I say that is because BTC is shit at being a store of value and likewise shit at being the fastest, most fluid currency that’s cheapest to transact.

The other reason I’m bullish on crypto but bearish on BTC is because imo the next bullrun will not be characterized by normie adoption of the “one currency to rule them all and end the Fed”. I think it’s very possible that the future of crypto will be characterized and spearheaded by government and institutional integration of smart contract and cloud computing protocols into existent networks responsible for facilitating things like election integrity, global commerce, derivative markets and asset protection/insurance.

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But if they were there would be no need for crypto to even exist.

>implying local bitcoin volume isn't faked by wash trading.

On what world does silver have a fucking 3 tril market cap you idiot? All of above ground silver (around 1-1.5 bil oz) has a market cap less than HALF that of Tesla (around 14-25 bil)

That being said OP is wrong. Those are the wrong companies to compare everything to. Because they have entirely broken business models that have been bullshit from the start.

What you should be comparing btc to is gold which has around a 7 tril market cap. But because btc is even more scarce and can be used seemleasly as currency (as opposed to gold which is barely transportable) btc will be worth round 10 tril in current numbers at least.

And that’s not even counting all the other use cases for crypto etc...

All in all adjusted for inflation/deflation crypto will have over 100 tril market cap eventually. And if you don’t believe me consider that the derivatives market alone is worth around 4 quadril and that all of this will eventually be secured in a decentralized proof of work based manner.

Nice bait. Pray tell what does fb do other than present gay ads no one clicks on? Or any of those other companies for that matter?

It's hard to predict market action based on the noise of sentiment, alone.

USD coins are bullshit because they only have value in the sense that they are pegged to a supply of fiat, which the user trusts actually exists. They do not serve as a trust less, long term store of value. They are simply used because they are convenient, and most users trust them enough to use them briefly as a medium of exchange, and nothing more.

okay, your argument basically fails to appreciate why Bitcoin has such a sound value proposition in the first place.

Bitcoin, being the first blockchain, and the one with the most hashpower (historically and for the forseeable future) is THE PREMIER blockchain, as these qualities make it the most secure (see first mover advantage)

Secondly, Bitcoin is trustless, meaning users do not have to trust an external authority in order to participate in peer-to-peer transactions, all users have to rely on are miners to validate transactions, which is financially incentivized miner through mining rewards and transaction fees.

No other blockchain comes close. Ether had/has an interesting value proposition because it was the first to add smart contract functionality, but again, the chain will never be as a secure as bitcoin because it's chain is shorter and has less hashrate. Ether also is centralized (controlled by money-skelley) and is not immutable, making it an unreliable store of value. Ether does have first mover advantage when it comes to smart contract utilization, but that;s about it. theoretically, BTC could adopt smart contract tech and this would invalidate the value proposition of Eth.

BCHABC, BSV are just shit forks of BTC, have less hash, also suffer from personality cults, and therefore fail to meet the value proposition of BTC

All other alts are basically permutations of ETH or BTC, and are therefore shit for the same reasons ETH, BCH and BSV are shit.

Basically, the coins with any value other than BTC, rely on some gimmick like smart contracts (ETH) or privacy coins (Monero) but really, BTC will always be premier because of first mover advantage, there is simply no way around it.

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collect useless data for the ads

Bitcoin doesn't produce anything that people want. There is no inherent value in it.

You're buying tulips, fucking retards.

>Comparing an asset to a corporation's market cap

why is BTC worthless, but not gold? It's literally a shiny fucking rock.