this is a good argument.

i recommend selling your BTC's since we are going back to 400$ 

anyway if the "crypto sphere" technologies/adoptions/innovations will decay back to 2013 levels i fully agree.

BTC market capitalization can be $10 Trillion USD if they print another $100 trillion USD for all i care

billion...trillion doesn't matter anymore...keep printing them until i can wipe my ass with it 

Good Points,

One Additional point is that people were using Credit Cards to purchase BTC during the rise to $20000,
The Banks have since blocked credit card purchases of BTC , allowing only debit card purchases.
This removes a major influx of money that BTC was seeing and it will not be coming back, as the banks are blocking it.  

FYI:
https://www.forbes.com/sites/petertchir/2018/02/04/are-americans-buying-bitcoin-on-credit/#3320fbce1e48
https://www.cnbc.com/2018/02/05/credit-card-ban-regulator-scrutiny-latest-challenges-for-bitcoin.html?&qsearchterm=BITCOIN%20CREDIT%20CARD%20PURCHASE

The banks banned buying bitcoin on credit-cards last Dec 2017, that's largely the reason that price collapsed after that point, as new money quit flowing into the ponzi.

From a theoretical point of view, you never buy a 50/50 on margin ( debt ), in this case 100%, the 'kelly criterion' says to invest ZERO on a 50/50, because on on the second bet of 50/50 you can be subject to 'gamblers ruin' total loss. What the morons did is bet in a 50/50 game with OPM ( other peoples money ), now that means they're in deep shit.

Experts always exit a parabolic rise of any financial time-series, but in the case of the bitcoin ponzi morons were told to "HODL" all the way to the top of the parabolic rise ( which always end in collapse )

I read that the banks were seeing as much as a -80% default on these credit-card purchases, seems that OUR HODL'r (MORONS), not only maxx'd their cards, but they max'd a bunch of them certain that BTC was going to the moon, and they got their friends to max the cards, ... so the banks closed the door, but its been very quiet on the defaults, I suspect that even though the default rate is astronomical, still on average credit-card purchase with BTC was less than 5% of aggregrate, but still that's a lot of non-performing loans, and its a certainty that anybody who buys bitcoin with a credit-card is a loser & flake.( in the mind of the book-keepers )

I don't understand the point here.  The total market capitalization has nothing to do with how much money is available--and you have to realize that the US dollar isn't the only currency in the world; it just so happens that when you state how much all the bitcoin available is worth, it's denominated in US dollars.  It doesn't matter if the total market cap exceeds all the dollars in the world. 

There have been single companies whose market caps have been greater than the GDPs of some of the smaller countries in the world.  So? 

And to those who say the bitcoin market is manipulated:  EVERYTHING is manipulated to some extent; it just depends on who is doing the manipulation.  If you think the game is rigged, don't play.  But there are enough bitcoin investors now such that there aren't too many whales who can single-handedly move the market at will.  Are there some?  Yes.  But that certainly does not mean you can't make money with bitcoin.

I wish more people took some basic to intermediate economics courses in college, because I tend to see a lot of ignorance and spouting of untruths around here.  The problem is that a lot of people are also ignorant and may listen to those who spout their own misunderstandings about how things work.  Ignorance then can spread like a virus.  Education is a vaccine for that, and I think more people should avail themselves of that inoculation.

Will you do the honor of selling th bitcoin first?Lol but you are right,that if this is wayback 2013 OP must be on the right track,but we are in the near 2020 now and things changing same as the mentality of the investors,those whos in losses from the 2017 hype is just a part of the worldwide prospective investors so if you are asking when will be the another $800billion might come,then the answer is just wait and see because for sure if the popularity of crypto spreads the workd then you will see in sooner

Ever heard of market cap? Ever realised it's a load of shit? Ever realise that 68 billion is pure fiction? Ever realise that 800 billion or whatever of actual dollars would push the market cap to tens of trillions?

Nope?

Do you want a hug?

Do you want to be trepanned?

Do you want a reacharound?

Where is this math? In all post i didn't found anything being calculated.


If you think market needs $800 bil $ to come back to ath you simply don't know what marketcap is.

This scenario is unrealistic but will help you understand:

99 % of bitcoins are in hodler hands. None of them will ever sell. Now how many $ needs to be put into market to pump btc to 1 000 000$ ? Imagine the worst case scenario. Someone will put 1mil $ buy order and hold till he buys all remaining coins. 200 000 * 1 000 000 = 200 bil (its less than your 800 bil and we have 1 mil $ btc with marketcap 21 t $ and its maximum in this scenario. In real world all remaining 1% coins won't be dumped on him. Others will jump with hype helping him or even boosting price to 2 mil) - that's mathematically explained.

Next scenario:

Bitcoin is worth 20k $ marketcap is around 450 bil $ and is getting hacked by quantum computer giving hackers access to all bitcoins. How many $ will hackers be able to get out from market? 450 bil? Will they be able to sell all coins for 20k $ each? Or few min after hack everyone will know that and everyone close to computer will cancel buy orders and none will ever create new buy order. They will probably take maximum of 100 mil before bitcoin reaching 1 cent and marketcap equal to 200k $.

There is also another thing showing that you are wrong.

Almost every ICO supports bitcoin and ether (and majority of new coins was bought by those) sometimes litecoin, monero and others. But even ether litecoin monero was bought mostly by BTC during their ICO. That gives us strange circle of pumping. They are also traded and pumped to current price mostly by bitcoin (alt/btc pair).

Why is that important?

1- When you sell for example google shares for 10 mil$ you decries marketcap evaluated in $ pulling out $ from market - when you are selling EOS to BTC you are decreasing marketcap evaluated in $ without pulling out $. When you then sell bitcoin to $ to pull them out of market you decrease marketcap again !
2- imagine that scenario. All bitcoin coins have marketcap of 10 bil $. Than there is ETH ico and all coins was bought for 5 bil $ in bitcoin currency. Than we have EOS ico and all coins was bought for 3 bil $ in ETH. We have marketcap equal to 18 bil but only 10 bil cames from $ and 8 bil cames from strange circle of pumping (total markecap pumping). In real its not that black and white but i just wrote that overpainted picture to better explain my thoughts. Now lets w8 for few years to pump each other to current price.

Now imagine that some coins are still tradable only by bitcoin. It means that when btc/usd price is growing alt/usd is instantly too because its calculated through alt/btc and btc/usd.