I think the question to ask is "small in comparison to what ?"
it's all relative...
Topic: Actually the bitcoin market is very small - page 5. (Read 4182 times)
Yeah the Bitcoin market is pretty small, that is just something I do not believe completely because there are still many people making use of Bitcoins. I do not know how big or small it exactly is but it has to be pretty big.
Actually the bitcoin market is very small
Over the course of history, people said the same thing about other technologies and innovations during their infancy. e.g. electricity, automobiles, air travel, television, cell phones, computers, internet, etc.
Quote from: nobody
Actually the electricty market is very small
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Actually the automobiles market is very small
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Actually the travel market is very small
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Actually the television market is very small
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Actually the computers market is very small
That is true it is just a small market because there is no massive adoption yet, but what is important now is that people are getting to know about bitcoin, they will slowly adopt for sure as long as they understand the value of bitcoins. We are bless that we are the early adopters of bitcoins and we should try to make a profit by investing it to get our rewards.
Yeah not many people know about Bitcoin that is why the market is very small. You can only count on a few people in the world to use Bitcoin. Kids cannot make use of it and people without internet. This leaves not that many people.
Not sure why people are even complaining about this. It offers everyone a great chance to enter the market and make a long term investment where you can enjoy seeing the value go up year on year. That's how I see it.
Indeed now its still small but this is good because in small markets you can make nice profits due to the point its easy and small.
If you think its too small for you go invest in something bigger..
Not sure why people are even complaining about this. It offers everyone a great chance to enter the market and make a long term investment where you can enjoy seeing the value go up year on year. That's how I see it.
yeah 7B is a joke, and the market can grow exponentially at any time, it just need more attention by average joe
but remmeber that only because the market is very small it does not mean that it will grow
but remmeber that only because the market is very small it does not mean that it will grow
It is pretty small right now, but it is going to get larger soon.
As inflation starts to have an effect on the consumers, then BTC price will go up, pushing the market cap with it.
As inflation starts to have an effect on the consumers, then BTC price will go up, pushing the market cap with it.
No doubt the bitcoin market is very small, considering it has only been in circulation for roughly 6 years.
I mean, what do you expect? That amount of time isn't even considered a long-term investment. And the idea of 'bitcoin to be the new world currency' is indeed far from realistic, but not totally stupid.
Because it's highly improbable, but it's not impossible. You could've chosen your choice of words better.
I mean, what do you expect? That amount of time isn't even considered a long-term investment. And the idea of 'bitcoin to be the new world currency' is indeed far from realistic, but not totally stupid.
Because it's highly improbable, but it's not impossible. You could've chosen your choice of words better.
There are around 15.5 million btc in the world and 1 btc costs 456 USD.
So all the bitcoins cost around 7 billion USD.
I think that after 21M btc mining will stop (it isn`t very profitable anyway)
7 billion USD is very small and i don`t think that it will increase soon.
All those "Will bitcoin be the new world currency" threads are totally stupid.
Thats just my opinion...
So all the bitcoins cost around 7 billion USD.
I think that after 21M btc mining will stop (it isn`t very profitable anyway)
7 billion USD is very small and i don`t think that it will increase soon.
All those "Will bitcoin be the new world currency" threads are totally stupid.
Thats just my opinion...
It doesn't mean that bitcoin has a small market, only it is small for global market, may be it will grow about more 7 billion USD. when we start anything it has small circle, later on most of the investors come here and the circle increase, so same situation is here.
may be when bitcoin will achieve his top place than it will be increased more. but that's all depend in future. but now we can invest in bitcoins and get a good profit, so if bitcoin's market is small in global market,it doesn't matter for us because bitcoin's market it too large for us.
No, i think the market of bitcoin is really big and it will more bigger every year. Bitcoin already fill gambling, trading and money exchanger and it will fill real life too.
The market is small for a global market, yes, but that doesn't mean that it isn't scaleable or able to become a global currency.
You could easily take your statement and switch it around. The cap is only 7billion, it should be far more, so the price should rise a lot!
I don't see bitcoin being the global currency, but it could be a means of moving money globally, that would still need a far higher cap than 7bill though!
Wouldn't using bitcoin to move money globally make it a global currency, actually it already is a global currency considering it is already used by people all around the world everyday.You could easily take your statement and switch it around. The cap is only 7billion, it should be far more, so the price should rise a lot!
I don't see bitcoin being the global currency, but it could be a means of moving money globally, that would still need a far higher cap than 7bill though!
@OP, the market is small compared to many fiat currencies but you are pricing each bitcoin as a full coin, what if one day the price was measured in satoshi's at $450 USD per 0.0000001
It is definitely small compared to the usd but as the price remains uncertain we don't know where I could end up if the price drops more people will buy and when price rise people will sell it will always come out unstable. But as it rises at a steady rate less people will be jumping out of the boat.
Majority of people are dependent on fiat for living and they are earning in fiat too, so even bitcoin goes to higher level people will prefer to convert it to fiat and then spend.
You're correctly describing the status quo. However you fail to take into account the dynamics that set in after the price surges to four or even five digits. During the last bubble, one could notice an significant boost of spending on for-Bitcoin offers.
The higher the valuation gets, the more people will have bought in, hence the Bitcoin-only purchasing potential increases. The more potential buyers, the more likely that companies will offer Bitcoin payments. With price increases comes also increased positive media attention, which might convince even more people to accept Bitcoin as payment.
After all, a Bitcoin-only economy will work with much less friction than the traditional fiat economy.
ya.ya.yo!
There are around 15.5 million btc in the world and 1 btc costs 456 USD.
So all the bitcoins cost around 7 billion USD.
I think that after 21M btc mining will stop (it isn`t very profitable anyway)
7 billion USD is very small and i don`t think that it will increase soon.
All those "Will bitcoin be the new world currency" threads are totally stupid.
Thats just my opinion...
why do you say 7 billion USD will be very small if mining stops?So all the bitcoins cost around 7 billion USD.
I think that after 21M btc mining will stop (it isn`t very profitable anyway)
7 billion USD is very small and i don`t think that it will increase soon.
All those "Will bitcoin be the new world currency" threads are totally stupid.
Thats just my opinion...
I think if something is scarce, the price will increase. CMIIW
but if there will be only a little bitcoin, it will not be enough to be owned by people all around the world.
In generally - bitcoin market is small if we compare to all world market. But do not forget that there are a lot of active BTC users base, which grow each day and BTC price can be higher too with time, so BTC niche is small, but with bright future. 
Bitcoin market is not like others currency or other countries money since 100 of years ago, but it is new, as we compare BTC to other currency then it is not a very small market, it spared to all over the wold.
Bitcoin to be used and accepted worldwide will take a long time, it will not happen at sudden as still very few people are aware about bitcoin.
In generally - bitcoin market is small if we compare to all world market. But do not forget that there are a lot of active BTC users base, which grow each day and BTC price can be higher too with time, so BTC niche is small, but with bright future.
Bitcoin market is not like others currency or other countries money since 100 of years ago, but it is new, as we compare BTC to other currency then it is not a very small market, it spared to all over the wold.
If you compare Bitcoin market to fiat market, then it is small. Bit don't forget then Bitcoin is a first phenomenon of its kind and that it spread relatively quickly. And the quantity of Bitcoin is limited so when you take all this into count then the figures are still quite good.
I strongly agree with what you said and hopefully bitcoin usage will be increased. However bitcoin is one thing and fiat is another thing and fiat cannot be replaced by bitcoin.Majority of people are dependent on fiat for living and they are earning in fiat too, so even bitcoin goes to higher level people will prefer to convert it to fiat and then spend.
https://blockchain.info/charts/market-cap?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Check the link above to see a graph of BTC's market cap since its creation. You've got to think long term. I'm expecting a 20 billion market cap before 2020.
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