BUY BITCOIN!! The Stock Market in 2020 is more overvalued than in any other time in history according to the Buffett Indicator. The ratio of the market capitalization of the stock market to GDP tells us that publicly traded companies are valued at 43.6% more than the value of all goods and services.
great point - however, #Bitcoin is still subject to price #volatility which precludes it from serving as an ideal reserve #currency, while a #stablecoin pegged to global GDP growth would fit that role...#AnchorToken
“People are expecting this to level out between 100k and 1M, but I disagree because world GDP growth is exponential, therefore Bitcoin will remain exponential for as long as growth is possible - which is apparently forever.“
PSA: 31 Chinese cities have GDP the size of countries, and they're all rushing into Bithumb. This is your second chance to ride the Bitcoin rocket again through Bitcoin Cash.
Only 3 things you need to know: 1) China banned Bitcoin trading. 2) Chinese moved trading to the Bithumb exchange in Korea. 3) China has almost 1.4 billion population, and 31 cities with economies the size of countries: In the past 2 hours there have been many comments wondering/complaining about why Bitcoin Cash prices are being influenced by just one exchange (Bithumb), because many people are not familiar with the scale they're dealing with, this link will help them visualize the situation: when the Chinese rush in, it's actually 31+ countries worth of people rushing in in terms of capital: http://www.visualcapitalist.com/31-chinese-cities-economies-big-countries/ When the Chinese rush in they often run over everything in their path:
List of Chinese cities with economies the size of nations:
Gaining perspective on China’s monstrous economy isn’t always the easiest thing to do. With 1.4 billion people and the third-largest geographical area, the country is a vast place to begin with. Add in explosive economic growth, a market-oriented but Communist government, a longstanding and complex cultural history, and self-inflicted demographic challenges – and understanding China can be even more of a puzzle. City by City To truly grasp the emergence of China, one approach is to look at the impressive economic footprint made by the country’s cities. Of course, cities like Shanghai, Beijing, and Hong Kong are the metro economic powerhouses that most people are familiar with. But have you heard of cities like Shijiazhuang, Wuxi, Changsha, Suzhou, Ningbo, Foshan, or Yantai? There are literally dozens of Chinese cities that most people in Western countries have never heard of – yet they each hold millions of people and have an economic output comparable to nations. Here’s a list of 35 of them, the size of their local economy, and a comparably sized national economy:
Rank Chinese City City GDP (2015, PPP, in billions) Comparable Country 1 Shanghai $810 Philippines 2 Beijing $664 U.A.E. 3 Guangzhou $524 Switzerland 4 Shenzhen $491 Sweden 5 Tianjin $478 Romania 6 Suzhou $440 Austria 7 Chongqing $425 Chile 8 Hong Kong $414 Peru 9 Wuhan $324 Israel 10 Chengdu $306 Norway 11 Hangzhou $275 Greece 12 Nanjing $272 Denmark 13 Wuxi $270 Morocco 14 Qingdao $266 Hungary 15 Changsha $246 Sri Lanka 16 Dalian $245 Finland 17 Foshan $235 Uzbekistan 18 Ningbo $233 Angola 19 Shenyang $230 Sudan 20 Zhengzhou $210 Ecuador 21 Tangshan $191 New Zealand 22 Dongguan $186 Ethiopia 23 Yantai $184 Belarus 24 Jinan $174 Azerbaijan 25 Nantong $170 Slovakia 26 Changchun $163 Dominican Republic 27 Xi'an $161 Kenya 28 Fuzhou $160 Tanzania 29 Harbin $159 Bulgaria 30 Hefei $157 Tunisia 31 Shijiazhuang $156 Guatemala 32 Xuzhou $150 Ghana 33 Changzhou $147 Serbia 34 Wenzhou $131 Croatia 35 Zibo $123 Panama
03-02 21:05 - 'World debt at $250 trillion is 3x global GDP – an all-time record. And if we add unfunded liabilities and derivatives, total debts and liabilities amount to over $2 quadrillion which is 25x global GDP... thi...' (twitter.com) by /u/Crevative removed from /r/Bitcoin within 4503-4513min
Does BTC have GDP? No, it doesn't. I'm trying to get my mind around the idea of the GDP of the bitcoin economy. I'm looking at comparing store of value, speculative value, and transfer of wealth value. I'd like some hard numbers, but even things that can't be measured right now would be really helpful. Any help?
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