Actually the bitcoin market is very small

[jaysabi]

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.

[jaysabi]

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.

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.  

[Dr.Osh]

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

[gentlemand]

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.

[yayayo]

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!

[Hatuferu]

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.

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.  

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.

[jaysabi]

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.

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.  

::Picture snip for size::

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.

[expert4knowledge]

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

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

[erikalui]

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.

[Vaccomundus]

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

[Yakamoto]

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.

[mirana12345]

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.

[newcoins1978]

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.

[Helpme_please]

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

small ? 

[ning_chang]

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.

[Vaccomundus]

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

small ? 

yes bitcoin should be in trillion range

[jaysabi]

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.)

[Hatuferu]

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.

[Herbert2020]

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.

[Hatuferu]

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.