BREAKING: Today, We Saw More History Together! Total Crypto Market Cap crossed the HALF TRILLION ($500B) Mark For The FIRST Time!! -- 35X Gains/1 Year.

in #bitshares7 years ago (edited)


CRYPTO SMASH!!!

--


An ongoing series to show how large the crypto currency is becoming and mark the milestones.

We can compare the numbers to other well known things in the world, to help translate and show value and perspective!


I wrote just a few days ago when we broke the $400 and then $450B mark within hours of each other!

https://steemit.com/bitshares/@barrydutton/12-7-2017-we-saw-more-history-together-today-total-crypto-market-cap-crossed-both-usd400b-then-usd450b-mark-for-the-first-time


Here are the exact times today roughly 11:00 pm UTC / 6 pm EST that we broke the latest milestones, --

$500B for the first times, for total Market Cap in Crypto!!!

-- 1 Month View:


We have gained $308B in total market cap in about 30 days! -- Nov. 12th to Dec. 12th, 2017.

Hovering over the 1st day of that 30 day metric you can see that here:


Life in Crypto is Like.....#21. |

That Moment When Bankster Jamie Dimon of JP Morgan Realizes Crypto Market Cap Dwarfs Theirs.

Fact: JPMC Market Cap Today: $370.74B


I've never seen a regular series or resource running on Steemit to continually address this basic need so I decided to do it.


Bitcoin Leading w. 60% of Market Cap:


With BTC (Core/Legacy chain only) crossing the $300B market cap just today/ the last few hours for the 2nd time in a week -- as of today, BTC (core chain) fully makes up 60% of the total crypto space market cap.

BTC crossed the $300B market cap / 1st time on Dec. 8th, approx. 12:15 am UST/ or ~7:15 pm EST---- and today again just hours ago, finding consolidation and support there this last week.

BTC began the year at about $12.5B total market cap and we have not included the forks of BTC in these numbers either!

Here is the 1 year chart for that, hovering over the start 365 days ago:

That math equates to roughly a ~24x gain in 12 mths, just for BTC... the CALENDAR year is not over yet!


Total Crypto Market Cap Stats:


1 Day Zoom Crossing $500B/Half-Trillion Total Crypto Market Cap:



I have posted on all these milestones within mins. or a few hours, of them happening.

I am a numbers person and they mean something with all the new money and numbers coming daily to Crypto.


1 Year view, where we started at about $14.53B for Total Crypto Market Cap:

--

That 1-year -- Zoom:


Well, I did the math on those gains in a year and here it is LOL.

--

-- That is a 34.5X (~3500%) gain in 12 mths, in the total crypto market cap!!


Of Note Globally:

With the $500 billion mark now eclipsed, it's LONG AGO overtaken giants like Oracle ($201 billion), and major drug maker, Pfizer Inc. ($213 billion).



The Bitcoin (core/legacy chain) Alone is Bigger Than:


-- 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)



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.


Past Related Posts:

--

https://steemit.com/bitshares/@barrydutton/12-7-2017-we-saw-more-history-together-today-total-crypto-market-cap-crossed-both-usd400b-then-usd450b-mark-for-the-first-time

https://steemit.com/bitcoin/@barrydutton/crypto-history-bitcoin-crosses-the-usd300b-market-cap-for-1st-time-btc-is-bigger-than-mcdonald-s-ibm-goldman-sachs-ibm-and-ford

https://steemit.com/bitcoin/@barrydutton/breaking-today-we-saw-more-history-together-bitcoin-core-legacy-chain-etc-market-cap-crossed-the-usd200b-mark-for-the-first-time

https://steemit.com/bitshares/@barrydutton/we-saw-more-history-together-today-total-crypto-market-cap-crossed-the-usd350b-mark-for-the-first-time-or-crossed-usd250b-just

https://steemit.com/bitcoin/@barrydutton/bitcoin-is-bigger-than-e-1


Trading Candle Cheat Sheet:

--

Further Reading/Source/Resources


Friend of the People -- Enemy of the State.

--



Thanks for reading, have a nice day.


PixaBay has tons of free pictures for us all to use!!!
Super Easy/Fast Picture Edits / Resizing at: http://www.picresize.com/ and also https://www298.lunapic.com/editor/







If you liked this blog post - please Resteem it and share good content with others!

--

Some of my recent blogs:

--

https://steemit.com/litecoin/@barrydutton/litecoin-skyrock-smashes-past-usd300-then-usd350-today-both-for-1st-time-ever-closing-in-on-moon-fast-i-love-you-usdltc

https://steemit.com/money/@barrydutton/investment-language-101-series-term-of-the-day-what-is-a-coupon-or-e-28-or-trading-candle-cheat-sheet-incl-each-episode

https://steemit.com/health/@barrydutton/quote-of-the-day-one-day-or-day-one-or-we-never-know-who-may-need-this-today-or-the-replies-in-this-post-too

https://steemit.com/bitcoin/@barrydutton/dec-11-2017-bitcoin-in-canadastan-smashes-past-usd21-000-usdcad-again-usd17-270-usdusd-or-1-year-ago-it-had-just-broken-usd1000

https://steemit.com/colorchallenge/@barrydutton/star-wars-gear-i-found-for-color-challenge-monday-red

https://steemit.com/bitcoin/@barrydutton/snl-saturday-night-live-mentions-bitcoin-this-weekend-multiple-video-links-snippets-included

https://steemit.com/steemit/@barrydutton/steemit-changes-today-did-you-notice-in-your-replies-you-now-have-a-sub-window-that-opens-up-where-you-can-upvote-your-reply

https://steemit.com/bitcoin/@barrydutton/crypto-101-video-wcn-bitcoin-morning-brief-w-jimmy-song-tone-vays-daily-stream-from-today-29-mins-or-bitcoin-morning-brief-w

https://steemit.com/curation/@barrydutton/steemit-needs-series-30-pls-comment-with-your-ideas-to-improve-steemit-or-12-11-2017-or-community-engagement-or-archives-to-help

https://steemit.com/steem/@barrydutton/breaking-warning-bittrex-sbd-wallets-service-appers-to-be-down-disabled-again-in-midst-of-huge-sbd-gains-trading-volume

Most Images: Gif's - via Giphy.com , Funny or Die.com / Pixabay. Today:


If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.

--

LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE

Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff

EOS (EOS) - 0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0

Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477

Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c

Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX

DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS

PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh

Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv

ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL



Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, trying to build community, put out content and engage people, help and donate to people, and I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.
Carry On.

Sort:  

Crypto is forcing me to use Twitter more.

BarryDutton Barry Dutton tweeted @ 13 Dec 2017 - 01:01 UTC

BREAKING: #CryptoCurrency Total Market Cap SMASHES Past the HALF TRILLION mark today. That's $500B for the… twitter.com/i/web/status/9…

Disclaimer: I am just a bot trying to be helpful.

Wow... that IS a pretty spectacular piece of news! I saw a prediction for $2 trillion before the end of 2018... that doesn't look completely out of the ballpark now...

You will also like the Jamie Dimon / JP Morgan Chase/crypto meme I just put up too then WRT these numbers LOL!!!

Do you think the 60% ratio is going to stay? They were near 50/50 for a little while. I think some of the extraordinary gains in Bitcoin is going to shift into the alt-markets bringing the ratio closer back to 50/50.

Tough to say, I have been highly involved the last 16 mths so I remember a year ago, when BTC was down to like 34% of market cap share.

Fascinating numbers! Thanks for sharing! :)

These things take me a lot of time to get together, edit etc but man, it needs to be done LOL.

TY for the support.

Great stuff! HODL GANG!