Cryptocurrency Growth & Prediction Chart #21 Jan 20
Good Morning!
This morning's Cryptocurrency Market Cap evaluation:
• 30 day rolling average of cryptocurrency market cap = increase of $0.6 Billion per day
(the 30 day average finally went Positive!)
Looks like the market is creeping back up. The last 24 hours has seen almost $37 Billion growth!
The cryptocurrency market cap has already passed both Amazon and Microsoft, but the resent correction caused cryptocurrency market cap to fall behind. Instead of me predicting the future, For a change, I want to know WHEN you think that Cryptocurrency will pass Amazon, Microsoft, Google, and Apple (and WHY)
Here is some help:
- $618 Billion = This morning's Cryptocurrency Market cap
- $626 Billion = Amazon market cap
- $695 Billion = Microsoft market cap
- $786 Billion = Google market cap
- $915 Billion = Apple market cap
Don't forget to follow @socky for updated charts
Please remember to VOTE and ReSteem*
Cryptocurrency $636B surpassed Amazon! I am a huge Amazon investor and recently opted to invest more in Crypto due to exponential growth potential. My view is that Crypto can surpass Microsoft in one week.
From the look of the things now cryptocurrency market capitalization will going to overshoot both amason and microsoft market capitalization latest in two 2weeks coming considering the fact that the rumor of south korea banning cryptocurrency and december price correction will soon be over.for google and apple market cap it will take some months before it can overshoot them. Thanks for this informative post ,i must appreciate you.
I think it could be sooner than that. It would be great for all of us if it does.
I always upvote @socky ... i was curious if you withdraw from savings say $5 does it return back in your account in the form of steem dollars? If so you then have an option to buy steem crypto? Or add steem to your account?
Still having a bit of trouble. I feel like if I’m trying to build my presence i should never save anything yet right and just move all my SBD back into steem for my vote right?
Pretend your me lol - you have $12 in savings wouldn’t you want to withdrawal that, tell yourself to never ever put into savings and put your steem dollars back into your steem vote?
It was confusing for me. How about this?:
Steem and Steem Power are the same currency. By converting Steem to Steem Power is buying debt just like if you bought a US Savings Bond. Like a US savings bond, you get paid in interest. Unlike a US savings bond, you get additional benefit... You get a % of the voting pool. The voting pool is like an allowance for you to use upvoting yourself and other people. When you upvote, you are distributing the daily monies in the voting pool. Steemit Platform is entrusting you to decide who gets paid. This pool gets refreshed everyday. It is important to upvote yourself and other people. You get 10 votes every 24 hours. Now if you want to convert Steem Power to Steem, just "Power Down". This will convert back to Steem over a period of 13 weeks. The 13 weeks is because it is in the form of debt. It takes time to pay out. The quantity of Steem Power will convert to the same quantity of Steem.
Lets say you took 10 Steem and converted to Steem Power. Some time in the future you decide to Power Down and you now have 10.5 "Steem Power" and you didn't blog, comment, or anything. This is pure interest. When you power down you now have 10.5 Steem. Now lets say that the value of Steem was $5 so you paid $50 US dollars to get the Steem. During this period while holding Steem Power, Steem has gone up to $10. Now your 10.5 Steem is worth $105 US dollars.
Think of Steem Dollar as a completely different currency. Do not exchange Steem for Steem Dollar or vice versa on the Steemit platform. You will not get a good exchange rate. In fact, it is down right terrible. I think that it is even disabled. Use an offsite exchange.
If you want to earn money on Steemit, YOU NEED TO HOLD STEEM POWER. Holding Steem and having Steem in savings will not earn you anything on Steemit because Steem does not earn interest AND you don't get access to the voting pool.
Also, don't forget to upvote me.
I see. so by me withdrawing $15 of savings to steem dollars. that will reflect in 3 days to my section titled Steem dollars. In turn I would want to put that back into my steem power? So Steem power is basically a money market fund sort of, its my voting strength in the community but equally it is my sliding scale of profit/loss until I power down / cash out?
You got it!
Remember to select rewards 50/50 when you blog. It is a way better deal. When you get rewarded in Steem dollars, take those Steem dollars to an exchange and exchange them for Steem. Then return the Steem to Steemit and convert it to Steem Power. That is how you grow your wealth here.
i see. so what happens to the withdrawn Steem Dollars from savings, where is that going? Will that go back to the column in the wallet titled "Steem Dollars"? and if so then i would do what you are saying... convert them on the market to Steem and reinvest?
are you able to do that rewards 50/50 thing in dtube as well? bc if so i cant find it
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thanks for this information...
Thanks for the update and thank God it's creeping back up.
great information,i like your post
very good sharing
Have a nice day.good post sharing. Thanks @socky