Well there are lots of people out their stating bitcoin is overpriced but we don't agree to them . Why ???? Well Well check out below global data
Total market cap of ::
Apple. : $1007 B
Amazon : $893 B
Alphabet: $867 B
Facebook: $507 B
Bitcoin. : $130 B
Dont you think Bitcoin is just starting !!
Still you think Bitcoin is over priced ??
Yes!!
GLOBAL MARKET CAP
Gold market : $7.8T
Stock market : $77T
All money World wide :$95.7T
Real Estate : $217 T
Global Debt :$247 T
US national Debt :$21.2 T
Bitcoin : 130 B (just a drop in ocean)
Still you think bitcoin is overpriced ?
Yes !!
You know Jeff Bezos , Founder of Amazon , has money of $140 B that means he can buy entire supply of 21M Bitcoin .
Even crazier , if you put Gates & Zuck in there , they could buy every single project in crypto
Still you think bitcoin is over priced ??
Yes !!
Total Bitcoin 21M
Already Mined - 17M
Lost forever - 3M
Almost 70% of Bitcoin are owned by just 11k individuals
You would fight with billions of people for just 20.7%
So you think Bitcoin is over priced ??
still Yes ?? Bitcoin went down from $19k to 5.8k !!
Well Amazon went from $86 to $6 in the dot.com bubble & is $1400 today . It took 8years to recover back to $86 .
How long your holding ?? Not even 8Months .
Still you think bitcoin is over priced ??
Still yes ?? Bitcoin pump was insane in last year ??
DO YOU KNOW :
Bitcoin pump in 2017 was 1,400%
But it was far from currencys top perfroming year....!!!
In 2013 $bitcoin Grew 5,488%
In 2010 $bitcoin Grew 20,566%(from $0.0015 to $0.31)
comment below weather Still you think Bitcoin is overpriced ??
Also if you like my hard work please vote and forward for more intresting articles on bitcoin and crypro currency
awesome article. go ahead
Thank you so so much dear ....😊
Yeah it's right Bitcoin has to go long
Great article
Thank you so much if you realy think this fact helpful for others too pls resteem it
While I do believe in the adoption potential of cryptos, using market cap as a driver is irrelevant. You cannot compare a company like Apple or Amazon that provides true value and technology to consumers on a daily basis and has been around for 20+ years to a payment remittance mechanism like Bitcoin that was initiated in 2009 and shot to the mainstream less than 2 years ago. Your argument is sound but the reasoning is flawed IMO.