Actually the bitcoin market is very small - page 3.

Qunenin

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Quote from: ObscureBean on June 11, 2016, 04:57:05 AM

The Bitcoin community (users, speculators, merchants etc) isn't actually that big. There is probably a lot less than 5 million people using/holding Bitcoin which means a market cap of 9 Billion is not bad at all. As more people join and demand increases, price and market cap should increase as well. Also there is over 100 years of mining left, I pretty sure that should be enough time for them to figure out the best continuation after mining ends.

Even if the current market cap is less as compared to the Fiat currency, but then its just the beginning. More and more people are added in bitcoin community and current market cap of 9 billion will be doubled by the end of next year.

randy8777

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Quote from: Collegestudent on June 11, 2016, 08:27:25 AM

The market is small, which is why the growth potential is large.

Bitcoin is in the expansion phrase at the current moment.

when i look at the current market cap, i also see a good amount of future growth as the current market cap is low for the potential this piece of technology has. it gives us the opportunity to start accumulating as many coins as possible at current prices. long term holders who manage to hold their coins without selling them, will benefit the most. i hope to be one of them!

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The blockchain is the future

The market is small, which is why the growth potential is large.

Bitcoin is in the expansion phrase at the current moment.

mindrust

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I don't underestimate bitcoin like OP did tho, he is a bit right.

Autodesk Inc from NASDAQ has a market value of 12.62b$ at the moment, and that's just one (considerably small) company.

Autodesk's owner can sell his company and buy every bitcoin available

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Quote from: ObscureBean on June 11, 2016, 04:57:05 AM

The Bitcoin community (users, speculators, merchants etc) isn't actually that big. There is probably a lot less than 5 million people using/holding Bitcoin which means a market cap of 9 Billion is not bad at all. As more people join and demand increases, price and market cap should increase as well.

Agree with the current numbers. I can't imagined why most of the people here keeps posting that there are already lots of people that uses in bitcoin. You can see that in others threads. They are only looking at a portion and not as a whole. Of course when a person involved in bitcoin engage in this currency everyday he will automatically have a mindset like that.

Quote from: devil11 on June 11, 2016, 05:03:43 AM

Its only your thinking. I have seen many people who are living with this currency. Its only depend on you what you think about. For those who bitcoin is profitable, they like it. I like it too. You should think again about it ! Always deserve and hoop for good.

Accept the real numbers. So you see those" millions" living with this currency? Who are they? Can you considered that is a big stats?

vero

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possible for the current bitcoin market is still very small and it will continue like this if the bank never adopted bitcoin payment systems or to increase it we have to hope there will be a large company began to accept bitcoin as a payment instrument then automatically the demand will increase.

devil11

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Its only your thinking. I have seen many people who are living with this currency. Its only depend on you what you think about. For those who bitcoin is profitable, they like it. I like it too. You should think again about it ! Always deserve and hoop for good.

ObscureBean

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The Bitcoin community (users, speculators, merchants etc) isn't actually that big. There is probably a lot less than 5 million people using/holding Bitcoin which means a market cap of 9 Billion is not bad at all. As more people join and demand increases, price and market cap should increase as well. Also there is over 100 years of mining left, I pretty sure that should be enough time for them to figure out the best continuation after mining ends.

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Quote from: Herbert2020 on June 11, 2016, 12:57:44 AM

Quote from: jaysabi on June 10, 2016, 02:10:50 PM

Quote from: mirana12345 on June 03, 2016, 07:38:56 PM

Quote from: erikalui on June 03, 2016, 03:47:59 PM

Bitcoin is barely 6-7 years old and hence we cannot consider it a big market. When it started there were very few traders and today, we have so many exchange websites and per day there are too many trades taking place and the transactions. I am happy with the market being small rather than too much competition and the price being stable.

Maybe it's not huge, but it's by far much larger every year on. All those startups and projects building up around bitcoin - it's just a matter of time when
some of it becomes a huge success and drives both price and number of users up.

It's not that important that it's not huge now, it's important the fact that it only gets bigger each year round.

Bitcoin was far larger in 2013 than it is today. (Market cap, which is the only legitimate measure.)

market cap is the worst way of measuring things in the market it doesn't really show anything useful and informative. you should only use it in combination with other information.

besides the reason why market cap changes for example a big market cap in 2013 (as you said) is because of things like sudden rise of price and the pump that was going on back then by mt gox, this creates a lot of volume which then being multiplied by price give a huge number.

So if that's the case, how would we determine the total number of users of bitcoins now. As for me, base on my analysis we already have a good number of users and as an investor that is one of my main concern since I am risking my money and I don't want to be surprise later that because of the dump by whales the price will be affected.

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Quote from: jaysabi on June 10, 2016, 02:10:50 PM

Quote from: mirana12345 on June 03, 2016, 07:38:56 PM

Quote from: erikalui on June 03, 2016, 03:47:59 PM

Bitcoin is barely 6-7 years old and hence we cannot consider it a big market. When it started there were very few traders and today, we have so many exchange websites and per day there are too many trades taking place and the transactions. I am happy with the market being small rather than too much competition and the price being stable.

Maybe it's not huge, but it's by far much larger every year on. All those startups and projects building up around bitcoin - it's just a matter of time when
some of it becomes a huge success and drives both price and number of users up.

It's not that important that it's not huge now, it's important the fact that it only gets bigger each year round.

Bitcoin was far larger in 2013 than it is today. (Market cap, which is the only legitimate measure.)

market cap is the worst way of measuring things in the market it doesn't really show anything useful and informative. you should only use it in combination with other information.

besides the reason why market cap changes for example a big market cap in 2013 (as you said) is because of things like sudden rise of price and the pump that was going on back then by mt gox, this creates a lot of volume which then being multiplied by price give a huge number.

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Quote from: jaysabi on June 10, 2016, 02:10:50 PM

Quote from: mirana12345 on June 03, 2016, 07:38:56 PM

Quote from: erikalui on June 03, 2016, 03:47:59 PM

Bitcoin is barely 6-7 years old and hence we cannot consider it a big market. When it started there were very few traders and today, we have so many exchange websites and per day there are too many trades taking place and the transactions. I am happy with the market being small rather than too much competition and the price being stable.

Maybe it's not huge, but it's by far much larger every year on. All those startups and projects building up around bitcoin - it's just a matter of time when
some of it becomes a huge success and drives both price and number of users up.

It's not that important that it's not huge now, it's important the fact that it only gets bigger each year round.

Bitcoin was far larger in 2013 than it is today. (Market cap, which is the only legitimate measure.)

Yeah! it is still a small market but what matters most is we are growing, and in terms of the number users that can already be identified that we are growing community due to the demands which affect the price to increase. As long as people will be educated on the importance of bitcoins they will surely adopt without hesitation.

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Quote from: mirana12345 on June 03, 2016, 07:38:56 PM

Quote from: erikalui on June 03, 2016, 03:47:59 PM

Bitcoin is barely 6-7 years old and hence we cannot consider it a big market. When it started there were very few traders and today, we have so many exchange websites and per day there are too many trades taking place and the transactions. I am happy with the market being small rather than too much competition and the price being stable.

Maybe it's not huge, but it's by far much larger every year on. All those startups and projects building up around bitcoin - it's just a matter of time when
some of it becomes a huge success and drives both price and number of users up.

It's not that important that it's not huge now, it's important the fact that it only gets bigger each year round.

Bitcoin was far larger in 2013 than it is today. (Market cap, which is the only legitimate measure.)

Vaccomundus

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Quote from: Helpme_please on June 03, 2016, 09:18:28 PM

Market Cap: $11.016.098.485 / 24h Vol: $158.118.186

small ? Undecided

yes bitcoin should be in trillion range

ning_chang

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I think bitcoin market isnt small, 15.5million of bitcoin is a lot of money, and their is an altcoin , But bitcoin is the most popular.

Helpme_please

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Market Cap: $11.016.098.485 / 24h Vol: $158.118.186

small ? Undecided

newcoins1978

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The bitcoin market is pretty small but this will change soon or later, I really have no doubts about that to be honest.
Its just a matter of time in my eyes, we just need to wait a bit.

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Quote from: erikalui on June 03, 2016, 03:47:59 PM

Bitcoin is barely 6-7 years old and hence we cannot consider it a big market. When it started there were very few traders and today, we have so many exchange websites and per day there are too many trades taking place and the transactions. I am happy with the market being small rather than too much competition and the price being stable.

Maybe it's not huge, but it's by far much larger every year on. All those startups and projects building up around bitcoin - it's just a matter of time when
some of it becomes a huge success and drives both price and number of users up.

It's not that important that it's not huge now, it's important the fact that it only gets bigger each year round.

Yakamoto

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Quote from: Vaccomundus on June 03, 2016, 04:05:56 PM

Quote from: jaysabi on June 01, 2016, 01:08:02 PM

Quote from: btccashacc on May 25, 2016, 07:43:42 PM

when all bitcoin has been mined , resulting in deflation , and this is the only currency that is experiencing deflation , due to no longer supply and the demand will increasing but the supply of coin new is always zero it causes the price will continue to go up , up and up to the highest level, abosuletelly we won't live in that era, but i trully believe in that era 1 satoshi will be worthy

No one here will be alive at that point. Bitcoin inflation is set to run well over 100 years.

the inflation after 20280 will be pointless

The inflation after 2050 will be nearly pointless, it's just that much more pointless after that point. We're looking at something like 1 Bitcoin per block (if it is even that high, should be considerably less) and it will have a completely negligible effect on the total amount of Bitcoin per year. We'd be looking at something like 0.3% or some really low number, and at that point, the value will start looking more definably stable.

Vaccomundus

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Quote from: jaysabi on June 01, 2016, 01:08:02 PM

Quote from: btccashacc on May 25, 2016, 07:43:42 PM

when all bitcoin has been mined , resulting in deflation , and this is the only currency that is experiencing deflation , due to no longer supply and the demand will increasing but the supply of coin new is always zero it causes the price will continue to go up , up and up to the highest level, abosuletelly we won't live in that era, but i trully believe in that era 1 satoshi will be worthy

No one here will be alive at that point. Bitcoin inflation is set to run well over 100 years.

the inflation after 20280 will be pointless

erikalui

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Bitcoin is barely 6-7 years old and hence we cannot consider it a big market. When it started there were very few traders and today, we have so many exchange websites and per day there are too many trades taking place and the transactions. I am happy with the market being small rather than too much competition and the price being stable.

Topic: Actually the bitcoin market is very small - page 3. (Read 4182 times)