Bitcoin Forum

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... ;D

In addition to the Bitcoin, there are still a lot of altcoins. There are no obstacles to them and put into circulation and used in conjunction with Bitcoins. Something like a cent-dollar.
Besides, everyone expects an increase in the value of Bitcoin.

If you have correct information about 15.5 million bitcoins in the world. than you know most of the coins are here. but the Bitcoin is one famous and popular currency, and people are using it and get profit. No one say that, just like YOU, that it is not profitable.
If we say that "BITCOIN will be the new world CURRENCY" so it doesn't mean that we are talking about that world where we are living, actually we are talking about this online internet world where we are introduce the Bitcoin and where we are using it in any investments.
Secondly everyone have their own opinions,if you want respect so respect the people's opinions.

Yeah well that is the price at the moment. The price is rising a lot already and it is just going to continue rising. There is a chance that Bitcoin will be the new world currency.

New world currency means that it will be used globally, not means its goingt o replace a country currency, and i think bitcoin still has a great future so despite whatever people say i will keep continue using bitcoin

The price of bitcoin is volatile, i mean it is around $460 now but in the future when the mining will definitively stop it may increase to $4k then to $40k... etc, then we will not talk about bitcoin but about satoshi costs $1 or $10 or even making a new units under satoshi.
Just to tell you that the limit in mining will make bitcoin much important  ;)

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.  ;)

The idea is that as the rate of increase in supply of BTC declines and demand increases (that;s a key assumption), price will rise significantly over time
That's the idea, we shall see

Exactly and bitcoin is still new to many people, the things will be different in next 5 years, bitcoin will grow and as user adoption will go to higher level we will see huge market cap of bitcoin too.

Since this is a ''virtual'' currency it still scares of a lot of people, maybe ''older'' people like myself?!  ;) But I think the future lies ahead of us as umaOuma says, time will prove it's value!

The market will still grow in the future given the fact that btc's value is also growing and they are used and preferred as its accepted by merchants too.
but either its value grow or not, new coin will replace it.

I believe in terms of the number of bitcoin certainly has its limits. although new bitcoin is still priceless in the eyes of the general public and the government, but bitcoin increase very high and I think it was more than the expected creator. if bitcoin already has a number of very much and still maintain the price is very expensive, probably bitcoin could be a revolution of the dollar or other currencies

O how did you know that :). Even if isnt very profitable many of here are earning there. Just think if you earned the small it can create big so do you think this bitcoin will not increase? Theres a possible that this bitcoin will increase because now it is famous and profitable world wide. And the thread "Will bitcoin be the new world currency" is not stupid they post it because it is possible in the future.

It has a lot of potential to growth precisely because it's very small... intelligent long term investors see a unique opportunity to become filthy rich by having 21 BTC or more (being part of the "1 million people ever or less group"). If you take into account that with only a small % of gold users and other stock users coming into BTC could make the price go to 100,000$, then you understand whats up and how anyone not buying bitcoin daily right now is insane or just dumb.

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.

You said it yourself how small the bitcoin market is currently so think yourself lucky you arrived at such a drop in the ocean. If and when we get large adoption your peanuts will be worth that little bit more and the market won't be so tiny and you can count your lucky stars you got in early or it may never take off but atleast you never missed out.

the market cap of bitcoin is indeed very low if you consider the future potential of this piece of technology. that's why it's a great long term (+5 years) investment. i keep saying this to everyone ; buy today and keep holding for years. with enough patience you'll see the coins that you bought increase in value significantly.

Right now you are correct that there are relatively very few people in the world that have any bitcoin.  It will take a long time to catch on and maybe it never will.  However, since a bitcoin can be divided into satoshis, it can be spread to many more people if it does catch on.

It is definitely very small if you go by the market cap. And even when all the coins are mined, if bitcoin stays at this price it will still be very small. And that's what speculators are counting on, that the price will grow to the point where many more millions will adopt it as a currency that's worth something--kinda like the U.S. dollar.

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!

You're right chief ,bitcoin market is very small if we see in marketcap. But there is a still good factor the use of bitcoins , the users and the traders of any crypto's that will make the btc .from.small to big.

Its just a matter of time, the market and market cap will not be same in the future, we will see major growth in user base of bitcoin in coming years.

it is still relatively small, if you compare it to other currencies or even the capitalisation of the blue chips stocks, but it continues to grow.

Bitcoin market is small  but bitcoin and generally cryptocurrecny market is expanding and there will be some critical points of growth for bitcoin in future.

bitcoin wont be the new world currency except if more people around the world start using it. the market is small now, this is true. but it will expand by time and new blood and money will enter the market

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.

buillions? you are still thinking its just a small at the market.. honestly for me its high amount for me.. if you exchange it in my country you can be a trillionaire or more..  so its not a very small.. but if you are talking about the price of bitcoin still low for the market cap.. the price today is not the real price for bitcoin and i think in the future we will see the good price of bitcoins..

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.

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.

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.

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.

why do you say 7 billion USD will be very small if mining stops?
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.

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!

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.

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.

@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

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.

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 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.

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.

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

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..

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.

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 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.

I think the question to ask is "small in comparison to what ?"

it's all relative...

people tend to compare the market cap of bitcoin with the market cap of gold or the us dollar. then yes, it's surely very small. they don't realize that there are currently more than 15.5 million bitcoins in circulation and that only 5% of that amount can already do a lot damage when brought to the market at once. they just look at the $7 billion figure and say it's low. they don't look further.

if  mining will stop bitcoin will die,blockchain will not work anymore,it is biggest bitcoin problem to solve if btc want to survive

But people will not put their hard money in altcoin, i am talking about users who like to use crypto in real world. They will first search for how trustfull is the network and how many merchants accept it. In both aspects definately they wil choose bitcoin. So alts can't be compared with bitcoin.

I find it more appropriate to compare Bitcoin to a company and the users to customers. (We are essentially buying the "product" after all, with with fiat or through time and effort to mine it, or through trade - opportunity costs). In that lense, Bitcoin is a decent sized company (7 billion dollar market cap) with a fairly sizable customer base that seems appropriate for the market cap. It certainly has room to grow, but it could also stagnate and lose market share by losing out to competitors (alt coins) and failing to stay innovative.

Makes no sense - if 90% of miners quit, difficulty goes way down and all of those old ASICs come out of the closet, even with a much lower block reward...



This is a good analogy, but remember however that the traditional customer/vendor model is different in several ways:

* The customer doesn't usually build the company other than buying the product and possibly evangelizing it. So mining and running nodes is not part of the normal model.
* The product in this case is also a medium of exchange - in theory this product could be bartered/exchanged to acquire countless other products.
* The company has an unconventional management structure that requires consensus to upgrade the product.

On that note, IMHO bitcoin does not need to stay innovative - it needs to stay STABLE. An innovative currency is a high-risk speculative instrument.
For example, I think ETH is a giant pump-n-dump for pseudo-smart people, but what do I know... Let the altcoins test out innovations, let's keep bitcoin solid and trustworthy.

7 Billion is a joke, because only about 0.5% of the western world knew about bitcoin.

You can only imagine where it will go when only 1% of that people would invest in bitcoin.

I`m not a downer, but when I seen the last 6 years of developement of bitcoin its pretty impressive esp with creating the foundation and what not.

But when it comes to asking a average joe to submit to bitcoin I feel like its impossible - until they realise the scenario of needing a cell phone back when in the 90`s or earlier when it was just getting popular.

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

If your prediction will happen then the early adopters of bitcoins will be millionaire then, I like that and to be honest I am already investing a portion of my earnings on a daily basis.

Have you even seen that one thread that has mathematical proof? That there will never be a time that we all bitcoins will be mined because of all the halvings that will occur, or at least we're probably long gone when it happens.

I quite forgot the title of that thread is but if I remember correctly, it's probably only in Economics, Speculation, or Bitcoin Discussion.
That said, we don't really have to worry about reaching the cap of 21 million coins because it will never be reached.

Some people think bitcoin market is very small Actually no its not, If it is small it can not be world popular currency and value should not be more than USD. We know beside of this lots of coins like bitcoin those coins can't bit bitcoins.

Really, the "management" structure isn't all that unconventional. It requires consensus, same as any board of directors voting on proposals of a company. The way the voting is done is unconventional, sure.

On the topic of innovation, Bitcoin will absolutely be replaced if it doesn't innovate. The fact that the block size cap was not addressed since inception threatened to sink the entire system. Even the solution employed now is only a temporary fix. It will run into scaling problems again. But that's more of an infrastructure problem than an innovation problem.

Other alts have a market because they're addressing something bitcoin isn't. In the future, bitcoin may be too slow compared to alternatives. The blocks may be too small. The amount of information able to be recorded in the blockchain may be too limited. It can't handle smart contracts (not sold on this idea anyway, just floating it as an example of a potential disruption). There are a myriad of unforeseen circumstances that treaten Bitcoin's dominance in crypto. The fact that the system can't address infrastructure problems doesn't instill any confidence it can adapt to a changing marketplace.

The one thing Bitcoin is not, is flexible or nimble, just like any other market dominating entity. It's afraid to rock the boat and threaten it's current market share, which is exactly what makes it ripe to lose it.

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

Perhaps the "21 million cap" will not be reached for technical reasons, but a cap will still be reached unless the system is changed to scrap the cap. Because of technical anomalies, the cap is slightly less than 21 million (20999999.97690000 btc), but the cap will be reached as of block 6,930,000, as that is the first block where the block reward will no longer produce a single satoshi.  https://en.bitcoin.it/wiki/Controlled_supply#Projected_Bitcoins_Long_Term

That is currently projected to be around year 2128, though at the current trend of evermore mining power, this estimate will continue to move up.  https://en.bitcoin.it/w/images/en/b/b7/Controlled_supply-timeline_estimation.png

Yes you're right. bitcoin market is currently very small lah, I think it's because most of them look bitcoin transactions are merely tools used for illegal transactions. perhaps we ought to make something nice about bitcoin and start a business using bitcoin. possible when we build a store that accepts bitcoin bitcoin they can trust that it is not a bad thing

If it does really get somewhere, it's still going to take decades. I can see it pretty much bypassing regular people and going straight to b2b or finance types. Your average humanoid knows scarily little about money and how it works and I can't see that changing soon.

I can only confirm your last sentence. It's somehow ironic that money is desired by almost everybody while almost nobody wants to know anything about its inner workings or even be fully in charge managing it. Instead people throw their money at a few self-proclaimed specialists, hoping to get rid of the responsibility to preserve and manage it adequately.

On the other hand, I can't see Bitcoin succeeding without the average Joe using it somehow. I think it's not realistic that Bitcoin is going to entirely bypass regular people while at the same time being successful in b2b. The average company owner knows best how to manage his particular business, but he is not necessarily an expert at finance.

I think to use Bitcoin, people must not know about its inner workings or change their attitude towards money. Bitcoin basically works like cash. The only difference is that it's completely digital. So it might take some time for Bitcoin market growth, but considering adoption rates of other technologies like the internet even a tenfold increase in usage within 2 years would not be surprising for me.

ya.ya.yo!

This is a good trend if it will takes place base on the projection, I have to say I am amazed by the journey of bitcoins. Right now it is starting to increase its price significantly, I think we are not going nowhere but up. Lucky are those people who believe in bitcoins at the early stage as they will be very rich when that time comes.

I think the price increase is delusion about the halving. Besides, bitcoin has been more than twice this high already before. We're not exactly breaking new ground.

Yes, bitcoin market is small but you have to consider that it is small compared to gold or other valuable assets.

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.

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.

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.

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.

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

small ?  :-\

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.

yes bitcoin should be in trillion range

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.

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.

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.

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. :)

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.

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.


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

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 :)

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!

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.

Because there will be so few bitcoins and there are lots that are lost, the value of each bitcoin could stay high if there is a demand for them. It just needs to catch on more to make sure that enough people around the world will want to own a little.

Yes the market is small, and so are the users. Not many people even know about bitcoin only a small portion of world population uses bitcoin on a daily basis. So its not a surprising news that the market is small.

Bro for me even if it is very small theres no difference in earning because here even if it is small. Small funds can you start it in big you need billion to start in earning. And dont dare to say that if this is small it cant be grown up because if all small will join together theres no small there. My point is how about others they start at small and now they are too big so dont say that this coin wouldnt be the new world currency and they are not stupid they just saying the possibility that this coin can be.

That sounds pretty awesome for a brand new currency in circulation. Imagine what it will be in another 20-25 years.

Well, for a currency that basically came into existence 7 years ago and is now worth a total of $9.1b dollars for the current coins in existence, you better bet your ass it's impressive. 20-25 years is basically 3x as long as Bitcoin has been alive, and so as long as the community keeps growing and people remain involved, we'll hopefully see astronomical market cap values.

There are only around 100,000 active users of Bitcoin. And the number of people holding significant amounts of BTC (say more than BTC0.100) may be more or less equal to that number. This number has remained stable ever since 2014. Some of the guys have dumped their coins and moved on, while newer users have moved to fill in the gaps left by others.

I agree with you that bitcoin market is so small comparing with other stock markets. and that is because bitcoin is still new and most of the world did not use it yet. but in the future more people will use it and this will rise the market value and the price as well.

It is currently the start of bitcoin, and as soon the interest of people increase in bitcoin and they start to accept it for their uses the number of bitcoin will also be increased as at that time there will be more miners and the mining process will be more faster, and the other thing is that if the number of bitcoins is limited then the price will touch the moon at the time when bitcoin will be world currency.

Will maybe the bitcoin market is very small now, but I believe it will be big soon. I think that 2 years after now many people will be interested in bitcoin and many will start to use it, then the bitcoin market will get big by that time.

None of us will be alive when mining stops... So, why talk about it?

yeah really agree with many people living in bitcoin, and bitcoin turnaround in very large? almost even millions of dollars per year? and you know the turnaround in bitcoin market is larger than western union

Mining would not stop, even though after the halving the mining difficulty increases, but with the current price they can still operate profitably. There is nothing to panic actually as the price of bitcoins is back with real demands of the masses.

I guess we will need to wait and see what will happen. Couple more halvings and situation will be more clear. If btc price rise enough we can expect much larger market cap.. logical. And bitcoin is going up, that is visible, altcoins follow. So iy reasonable to assume that btc market will grow, and from small rise to big. Its just a question of time.

For me even tho bitcoins have bitcoin cap of 21Million bitcoins it is not the same as its price.Its price doesnt have a particular cap and can go up to its highest price every year or lets say every halving.If there where 21million bitcoins and its price is not stable and kts price is rising its market value will be bigger also

In this current moment you are right. But bitcoin market is growing together with price for bitcoin. And as we all know that nowadays bitcoin is rising day by day. I expect it will cross the point of 600 $ per 1 BTC soon. So rising of bitcoin market depends only from the time.

Certainly bitcoin market cap is very small at the moment, but that means that it's unsustainably small and it'll need to be adjusted sooner or later to a larger capitalization over the market.

Also just because something has a small cap doesn't mean it doesn't have potential.

You could definitely say that the bitcoin market is tiny, however you've got to also take into account that it's actually the largest market cap in the cryptocurrency world at the moment by a definitive margin.

Ethereum is coming second but... I don't see why it would ever be first.

I dont understand you, Its price is $645 just now.

I don't really know who small is bitcoin market but i am satisfied, people sometimes want more that they need, but who knows maybe somebody want to increase market.

Well, the market capitalization as I said doesn't really matter as right now bitcoin is the no. 1 cryptocurrency by volume by a long margin. And it's measured in USD as well, which is highly unstable.

But if the price goes really high, then obviously the market cap will increase alongside it.

Yeah! that would happen, we cannot really determine how bitcoins will react this year because it seem like we are going again to the moon, the price is acting so crazy that it steadily continue to rise every hour.

I agree. The Bitcoin Market is still pretty small, but it is growing at full steam. This year along it has grown more than many of the other past years and the tendency will be to grow even further.

Great things start from small beginnings. That's what I'd like to believe would be bitcoin's path. Although it is not yet recognized by most people, and there are not a lot of regular users, we can see that everyday, bit by bit, there's progress and there's improvement. Couple that with the recent price surge and that draws more attention and more people wanting to have a slice of the bitcoin pie.

Exactly, it is a small market with big people playing with it. We are the early adopters of bitcoins before it will become more popular in the world so let us enjoy the profit of our investments with the current price.

"Couple more halvings" is about 12 years out. That's rather an eternity with how quickly things change in the crypto world. I should hope things become clearer far before another couple halvings.

One thing is certain, as time pass by we always see an improvement of the market. This is still continue to happen in the future and every halving is a great opportunity for improvement, the price will always tell how strong bitcoins it.

The solution to save Bitcoins is to promote other altcoins aside from bitcoin. But if bitcoin collapses as you have mentioned, many altcoins like dogecoins can take its place. Litecoin and Dogecoin is much way better than bitcoin since it can be produced in huge volume. So there is no need to worry even if bitcoin collapses since altcoin generation is already ready for that bitcoin downfall.

Yes, the Bitcoin market is still too small. But this is only the beginning! Remember the beginning of the 90s and the internet. Then, too, no one has seen sense and prerequisites for mass development and spread of the Internet. And what do we have now? So, I think it will be with Bitcoins. The technological process is not in place. The popularization of smartphones with Internet (there are even very cheap smartphones cost a few dollars for poor countries) will provide a chance for people to learn about Bitcoin, about lite and simple payments and make purchases.

The explanation is relevant we are still in the early stage and so much development needed to invade the world. However, with the current situation we can say that bitcoin has a good future due to increase of adopters overtime.

But, the price of Bitcoin may increase even more, and increase their value.
Do not forget that satoshis can be used if the price goes up a lot.
Bitcoin can not be used by a single country, it is an international currency that everyone can use.

How does being produced in huge volume make it better? That's what makes it more worthless. The higher the inflation rate, the less each coin is worth. That's specifically why bitcoin capped the total production at 21 million coins.

I dont expect bitcoin to ever become a world currency but i dont think the miners are going to stop anytime soon, i actually do wonder sometimes if its just me and a few other people that use bitcoin since no one i ever speak to in real life have ever used it but the market cap shows that theres a few quid in it. You may think its low but it wouldnt take much to make that rise massively.

I don't think so, if the bitcoin's currency continue it's actual success i believe that it can become a worldwide currency used everywhere easily, especially with it's simple and easy to use features.

There are a lot of variables in a statement such as Bitcoin becoming a worldwide currency, some of it being what the definition of a worldwide currency is, some of it being whether or not Bitcoin can figure out a way to get quick transactions, and a simpler form of wallet design so that the average person can grasp it easier. Long strings of alpha-numeric characters are confusing when it comes to someone, and so a wallet design that allows for names or other forms of ID masking the actual address of the user would be great for mainstream adoption.

there are over eight decimals to the BTC 0.00000000

which means you can even send values less than a cent, the fact that there are 21 million BTC's is irrelevant

I also agree with the second thought. We don't feel the actual use of bitcoin as currency because less than 5% of world's population knows bitcoin. And it is also the reason why as of now bitcoin is still use as stock marketinf for earning, but if atleast 20% get involved I am sure that it will be the world's currency and it is possible because as we see right now bitcoin popularity is still increasing and so its price.

yes. that is as of at the moment but bitcoin will continue rising and will be successful as days go by. bitcoin has high potential so there will be no problem

i think bitcoin market is very large than we can know because we only know the bigger market and we don't have a time to make a list from all of the market. I am sure that in out there, still many small market which trading bitcoin pair fiat or altcoin or there are any local exchanges in out there. but once bitcoin is become larger than now, I am sure that there will be more market available especially in every country that want to create their own market to serve their people.

I don't think so but for now bitcoin is in a good value now and I think bitcoin is in more value in someday and for me I think I'm satisfied now bitcoin its a great value in the market

For this situation it's small indeed.But it's  not so small so to say.Though the market is small but here's a lot of investors.So that's why the market is getting grow up.
So you can be feel lucky that the market isn't very small now it's upgrading and you are a part of this.