I've seen some cool graphics before, but I wanted to make my own with things I believe is relevant and fun to compare with.
For those of you who are scared that Bitcoin or even the Crypto Currency market is too big, or growing too fast. Just take a look at this. I have not even taken into account bonds, debt and all other crap that goes with the Fiat-system. This is just a comparison to sound money, companies and Gold.
So you can visualize and see why it's not madness when we talk about 50 or 100k Bitcoin. You see that little white dot there..? That's where we at now.
Hodl :)
I see you added the black dot for the world's debt.
I think you meant to say black hole, right? hahaha
"The one thing that can solve most of our problems is Bitcoin."
James Brown
I don't know if I ever said that, but I should have if I didn't!
You said dancing... ;)
Global debt is something like 220$ trillion. But then you have the derivatives at 700$ trillion - 12 quadrillion. No one really knows. That's how fucked Fiat is. :)
Yuuuup!
Great graphic. It reminds me of flying in an airplane to see how small everything looks. We are just in the beginning...
It is almost impossible to see the white dot ... 😶
500 K please! 😍
Yeah, it needs to get bigger! To be as big as the purple Apple-dot, Bitcoin must be worth around 50,000$ :) Ten times that? That's as big as the gold market. And Bitcoin will eventually be that big. 500k per coin. One bitcoin = one saved life.
Very interesting. Good idea not to include all the other crap like futures and derivatives (my personal favorites!!). You would've needed a really wide screen to get those on the graphic!
Yeah..I just consider that "fake" stuff. Who gives a crap. Just visualize my house next to that picture. Thats the size of the bogus-market. So the red giant there is basically all the money the world can liquidate withing 24 hours.
Well done. Picture worth a thousand words and all...
Very effective for communication.
Thanks! I'm not much of a creative genius, but I think it proves the point quite nicely!
Yeah we are still in the early stages. Cool graphic!
Indeed! Thanks! :D
Love the way how you compared. Great post! And yes I totally agree "Hoooold". When the prices goes down, buy more and hold! It has a bright future. Thanks for sharing!
That's how you do it. My pleasure! Thanks.
Great picture. Well deserved upvote. I guess there will be two big spikes in the future. One when bitcoin gets mainstream the other when big businesses start to implement blockchain technology.
very good..
nice post..
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Bitcoin is just a blip on the radar right now. I keep telling all of my friends to get involved. Several of my coworkers have signed up for Steemit and a few have even bought Bitcoin, Litecoin and Ethereum.
During the dip I bought some crypto for my friend and told him to just sing up for the exchange and I would send it to him. I bought him 0.5 NEO and 333 SNT for $20 and he has already made a nice little profit.
Apple has a net profit for 2016: 45687 million dollars (with the cap of 800B $).
Just think, what size of profit should give a crypto with the size of capitalization 160B $, and you will understand what is undervalued, and what is overrated))). IMO, we are in the bubble and stage of mania.
I'm just comparing those for fun. Of course a currency doesn't have profit. But you have to remember as the blocks get harder to mine, it takes more work/energy to mine. As of today, the cost of mining is about 1000$. So BTC can't be worth less than that. It has all ready established itself as a store of value. People have decided that.
You can say the same about gold. What is the profit of gold? Is gold in a bubble and stage of mania?
But you recommend HODL, for the fan or for earning?))
Mining is work for the sake of work, from it there is no practical benefit for humanity!
I agree with this, but we must understand that the technology is not time-tested, and we can not be sure that the blockchain can last for decades (it is constantly growing in size, and this process is accelerating along with the growth of popularity).
Gold has a practical application in the industry and is used for jewelry. The monetary function is only one of the three main functions. No decent Indian woman will not go to dinner without hanging a kilogram of gold jewelry))
No, of course, it is practically stable in price right now.
Jewlery has no practical benefit for humanity..Perhaps for some sort mating ritualistic things. But so will Bitcoin. Once it get's more popular, you'll attract shitloads of girls with your Bitcoin Hodler bumper sticker or t-shirt ;) Just buy the "I got rich on BTC" t-shirt. Much cheaper than jewlery.
And gold is not that much used in industry, not compared to other metals - like Silver.
I recmond hodl because Bitcoin, sustainable, destroyed or abandoned has a very good chance of reaching unpresedented levels.. 100k + I also recomend you gradually sell off your initial investment. But hodl the profit. If everything is great success! we never have to convert our btc to fiat.
To be honest, I think the only reason people buy cryptocurrency is to earn money on growth. Most people also understand that this is a financial pyramid, so at every corner they shout about it, so that new people come in. Those who already sit in the cryptos, need new customers to maintain price growth.
I think all this will end badly.