Actually the bitcoin market is very small

[davis196]

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...

[Enotche]

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.

[Oralmat]

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...

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.

[justspare]

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...

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.

[Indrawan77]

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

[InvoKing]

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 

[HeroCat]

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. 

[Divinespark]

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

[umaOuma]

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. 

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.

[gijsbert]

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!

[electronicash]

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.

[Dr.Osh]

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

[quintiilieo]

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...

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.

[thejaytiesto]

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.

[Junko]

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.

[shogdite]

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.

[randy8777]

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.

[moviebuff777]

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.

[The Sceptical Chymist]

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.

[NUFCrichard]

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!