A series to show how large the crypto currency is, compared to other well known things in the world, to help translate and show value and perspective!
It is a TLDR / Short Form Series, covering ONLY that topic
It is specifically designed this way to keep it short and simple.
People can then search out extra info if they wish, or share this relevant info / company names with people to help show the growth, reality and legitimacy of $BTC/$XBT and cryptocurrency!
I've never seen a regular series or resource running on Steemit to continually address this basic need so I decided to do it.
Recent Market Facts/Stats:
With BTC (Core/Legacy chain only) crossing the $200B market cap just Dec. 5th, 2017 ago for the 1st time (aprx. 1:30 pm UTC time or 8:30 am EST) and with more countries relaxing rules for its use, it is a real thing.
This is real money in Crypto. Total Crypto Market Cap Approaching $1 Trillion!
2 weeks later (Dec. 19th, 2017, 2:50 pm EST) --- we literally crossed the $335B mark ... JUST for the one Bitcoin chain -- and we just crossed the total crypto market cap of HALF A TRILLION $$ around the same day.
The market contined to moon across all coins until around Dec. 21st when things started to correct. Total Market Cap had crossed the $830B range, it was amazing!
After many days of huge corrections market wide, the numbers are sideways/still dipping again the past week.
Today that Total Crypto Market Cap after another " Correctionings " week.... is down to about ~ .359 TRILLION. (2/7/2017)
-- meaning ~$359B.
-- It is fun to write that out in "Trillion" form, & remind everyone crypto is serious money now.
BTC crossed the $300B market cap / 1st time on Dec. 8th, approx. 12:15 am UST/ or ~7:15 pm EST
Corrections the next while pulled that total number back below that as we know.
CMC.com charts have been down for most of the last month days, sorry. They have kinda sucked for awhile now!
If they are down I tend to use CoinCap.io
1 Week BTC Chart:
BTC began the 2017 year at about $15.5B Market Cap and we have not included the forks of BTC in these numbers either!
BTC begins the 2018 year at $255B Market Cap.
~1 Year Bitcoin (Core/legacy chain) Chart: (BitcoinWisdom.com/Bitstamp - USD)
-- With the $200 billion mark now long eclipsed, (except for the Correction periods) - it's overtaken giants like Oracle ($201 billion), and major drug maker, Pfizer Inc. ($213 billion).
~1 Month Chart for BTC - Note - many days ago, we DID cross the $300B Market Cap, and note those big corrections (red dips)
Bitcoin is Bigger Than:
This Week's List!
NetFlix, Inc / Market Cap of $ 114.805B!
Previous Weeks!
-- Altria Group, Inc / Market Cap of $134.222B!
-- NVIDIA Corporation / Market Cap of $143.24B !
-- Merck and Co. - w. Market Cap of $169.052B
-- Advanced Micro Devices, Inc -- Market Cap of $11.539B
-- Intel Corporation with a $211.817B Market Cap!!
-- VISA Inc. with a $258.39 Market Cap!
-- Bank of America with a 307.3B Market Cap! (We corrected from $335B so last week this was right LOL)
-- General Electric (Market cap: $157 billion)
-- Walt Disney (Market cap: $154 billion)
-- McDonald's (Market cap: $134 billion)
-- IBM (Market cap: $140 billion)
-- Goldman Sachs (Market cap: $95 billion)
-- Target (Market cap: $31.8 billion)
-- American Airlines (Market cap: $27.7 billion)
-- Ford Motor Company (Market cap: $43.5 billion)
-- Deutsche Bank (Market cap: $37.7 billion)
Source
Some of the Backstory/History:
20 years ago a Florida man paid someone in Bitcoin to deliver him two Papa John's pizzas--which may go down as the worst financial transaction of all time.
Today, a slice of Pizza will cost you still a few dollars, as opposed to the price of Bitcoin which is now touching $12,000 $USD.
Look up Bitcoin Pizza Day: A Yearly Celebration for the $20+ Million Pizza Order)
The biggest player in the cryptocurrency market, Bitcoin, set another record when its total value topped $200 billion for the first time Dec. 5th/2017 as discussed earlier.
2 weeks later (Dec. 19th, 2017, 2:50 pm EST) --- we literally crossed the $335B mark ... JUST for the one Bitcoin chain -- and we just crossed the total crypto market cap of HALF A TRILLION $$ around the same day, as mentioned earlier in this post.
Past Episodes:
(Newest to Oldest)
Trading Candle Cheat Sheet:
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Further Reading/Source/Resources
Friend of the People -- Enemy of the State.
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Thanks for reading, have a nice day.
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Super Easy/Fast Picture Edits / Resizing at: http://www.picresize.com/ and also https://www298.lunapic.com/editor/
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Some of my recent blogs:
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LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
EOS (EOS) - 0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
