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Author Topic: How Large is The CryptoSpace???  (Read 45 times)
Petfrica
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July 21, 2018, 12:56:23 AM
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I know a lot of people who are yet to join the cryptoworldBTCBTC. I cannot emphatically say why but I know Fiat has largely blocked their view.

This therefore got me thinking ''How Large is the CryptoSpace?Huh'''
Can it indeed accommodate all of US???

BTCBTCBTCBTCBTC
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July 21, 2018, 01:54:05 AM
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It depends. How large in terms of what?

Can it accommodate all of "US"? Of course it can. Whether you're talking about us(the people), or the United States.  Is there any reason why you think that it might not?

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July 21, 2018, 07:06:58 AM
 #3

I know a lot of people who are yet to join the cryptoworldBTCBTC. I cannot emphatically say why but I know Fiat has largely blocked their view.

This therefore got me thinking ''How Large is the CryptoSpace?Huh'''
Can it indeed accommodate all of US???

BTCBTCBTCBTCBTC

The cryptocurrency world is almost endless. If new investors come, the capitalization of the cryptocurrency market increases. If more and more people want to own bitcoin, the higher its price. I apologize for my English if I made mistakes.

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July 21, 2018, 07:17:15 AM
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I know a lot of people who are yet to join the cryptoworldBTCBTC. I cannot emphatically say why but I know Fiat has largely blocked their view.

This therefore got me thinking ''How Large is the CryptoSpace?Huh'''
Can it indeed accommodate all of US???

BTCBTCBTCBTCBTC

Actually, It is quite small. If you go to coinmarketcap (https://coinmarketcap.com/coins/) there you will find total marketcap of crypto currencies is  279 Billion USD Dollar. (Icluding BTC,ETH, XRP and all crypto currencies together)

Now you think 279 Billion USD is a big amount  so why I am saying it is small ?

Because Apple only have market cap of more than 900 Billion USD (i.e is more than thrice of all the crypto currencies put together)
https://en.wikipedia.org/wiki/List_of_the_largest_information_technology_companies#List

So question arises, it current market cap is good or bad?

It is good, it simply shows us that there is lot of room to grow and we are still in some kind of pre initial state only. Even it is only 1/3rd of the Apple, I think crypto has more coverage in media.  More governments are interested in crypto (some positive , some negative reasons)

We still have lot of room to grow.

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July 21, 2018, 10:41:36 AM
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According to https://www.statista.com/topics/4495/cryptocurrencies/ there are 23 milions blockchain wallet users worldwide. So it is not that big, it is actually very low number compared to Fiat, where almost everyone has an account in BANK .

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Petfrica
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July 22, 2018, 06:53:40 PM
 #6

The cryptospace has infinite potentials. The only reason why many are yet to really embrace is because they're yet to really see an educator.
Fiat has been here for a long time and it might take a long time for digital currencies to completely replace it.
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July 23, 2018, 11:06:47 PM
 #7

How large is the Internet?  Grin

Just like the number of websites exploded from a handful (50 websites) to millions and now more than half a billion websites.

Any technology with International appeal and low cost entry barrier is bound to grow, unless external forces (such as govt regulation) dampen it.
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