ObscureBean
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June 11, 2016, 08:57:05 AM |
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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.
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devil11
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June 11, 2016, 09:03:43 AM |
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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.  |
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vero
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June 11, 2016, 11:11:58 AM |
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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.
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harizen
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June 11, 2016, 11:30:25 AM |
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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.
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. 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. Accept the real numbers. So you see those" millions" living with this currency? Who are they? Can you considered that is a big stats? |
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mindrust
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June 11, 2016, 11:40:23 AM |
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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 |
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Collegestudent
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June 11, 2016, 12:27:25 PM |
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The market is small, which is why the growth potential is large.
Bitcoin is in the expansion phrase at the current moment.
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randy8777
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June 11, 2016, 12:56:40 PM |
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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! |
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Qunenin
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June 11, 2016, 01:06:40 PM |
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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.
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. |
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outatime1
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June 11, 2016, 01:59:34 PM |
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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.
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jtipt
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June 11, 2016, 03:01:45 PM |
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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.
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marcuslong
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June 11, 2016, 04:08:20 PM |
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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...  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. |
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samlanhan1
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June 11, 2016, 06:30:31 PM |
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That sounds pretty awesome for a brand new currency in circulation. Imagine what it will be in another 20-25 years.
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MingLee
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June 11, 2016, 06:39:49 PM |
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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. |
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bryant.coleman
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June 11, 2016, 07:53:30 PM |
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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.
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. |
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coinzat
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Young but I'm not that bold
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June 11, 2016, 08:01:29 PM |
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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.
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0day
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June 11, 2016, 08:10:20 PM |
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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.
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Hire me for your campaign management
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Cybertron00
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June 12, 2016, 12:55:29 AM |
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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.
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Cryptonitex
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June 12, 2016, 03:38:40 AM |
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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  None of us will be alive when mining stops... So, why talk about it? |
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uname
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June 12, 2016, 04:17:56 AM |
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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. 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 |
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Hatuferu
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https://trueflip.io/
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June 12, 2016, 04:18:05 AM |
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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 None of us will be alive when mining stops... So, why talk about it? 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. |
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