Just a few short months ago many predicted bitcoin hitting 5k by years end and then seeing a large amount of growth in 2018. Instead we crushed 5k and soon 6k and predictions are now set to 10k by years end.
More and more the one trillion dollar market cap is becoming a reality. To put that into perspective if bitcoins market cap was 1 trillion right now it would be worth nearly $60,000 per bitcoin. This is a very real possibility and then some as golds market cap is 8.2 trillion and the stock market is over 66 trillion puts 1 trillion into a very real world case that could happen sooner then later.
*Image from https://howmuch.net/articles/putting-the-crypto-market-in-perspective
While its a little dated I found this picture to be very interesting to how it compares to companies and was surprised to see Paypal so low honestly.
Bubble or not I still see massive growth and a continued upward trend into 2018 with plenty of room still to grow.
Hey ,
Thanks for the great content
It doesn't stop, really.
I think we are going much, much, much higher.
But I also think that before we go much higher, we will suffer one of the biggest Bitcoin crashes yet, bringing us below 2K perhaps even lower and Bitcoin will be declared dead again.
Then we enter 1-2 years of downturn. When that finally settles and starts going up, it will be the biggest bullrun yet, much bigger than now.
But first we will crash. This is the way it has always been.
Nice post brother
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Valor2S from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
Thank ya minnow support
This post has received a 2.74 % upvote from @buildawhale thanks to: @bitcoinflood. Send at least 0.50 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.
To support our curation initiative, please vote on my owner, @themarkymark, as a Steem Witness
Thanks Buildawhale your new and just starting out but I like you :P
This wonderful post has received a bellyrub 5.19 % upvote from @bellyrub thanks to this cool cat: @bitcoinflood. My pops @zeartul is one of your top steemit witness, if you like my bellyrubs please go vote for him, if you love what he is doing vote for this comment as well.
Thanks Bellyrub!
This post has received a 1.27 % upvote from @booster thanks to: @bitcoinflood.
Thanks booster
img credz: pixabay.com
Nice, you got a 64.0% @kamikaze upgoat, thanks to @bitcoinflood
Want a boost? Minnowbooster's got your back!
not as high as normal but ill take it :)
The @OriginalWorks bot has determined this post by @bitcoinflood to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
For more information, Click Here!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!
Congratulations @bitcoinflood! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP