Actually the bitcoin market is very small

[Viyamore]

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.

[torrentheaven]

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.

[bitmarket.net]

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.

[expert4knowledge]

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.

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.

[a7mos]

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

[bitbunnny]

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.

[socks435]

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..

[expert4knowledge]

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.

[countryfree]

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.

[opossum]

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.

[sk00t3r]

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.

[toy4lov3rs]

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.

[Hirose UK]

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?
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.

[yayayo]

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!

[btcjoin14]

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.

[bitkilo]

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.

@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

[23dzmaz]

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.

[btcltccoins]

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...

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.

[Supercrypt]

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.

[Cyaren]

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.