Crypto's economic value is surprisingly low :'(

[TheUltraElite]

Beside that, education and spreading out basic knowledge is just as important.

Have you tried doing this in real life? I have and it was counter productive, people wanted to know if their money is secured or not. What they dont like is that bitcoin is decentralized and they cannot accept the fact that there is no "hacker" organisation controlling it in reality. This is tough to make someone understand and added on top the negative attitude of the media has been a red flag on crypto. It will a take lot of time to change this mentality.

The more people understand it, the more people will use it.

People always trade ease of use to technology. So more understanding is irrelevant if they dont get the ease or speed.

The car also needed time to establish itself as a successor to the horse carriage, we need to give cryptos and blockchain more time

I think so too. It is growing and developing and gaining attention, slowly we will see better changes.

[Negotiation]

The crypto market will change a lot with confidence Blockchain technology has gradually reached a peak of improvement and demand is increasing The economic value of crypto will start to rise again even if it goes down but we have to wait for that. As Bitcoin is decentralized no one controls it and the price goes up by increasing the demand Bitcoin will rise a lot in the coming years Prices are likely to rise later this year.

[bits4books]

>It is both shocking plus unreasonable to see the abilities of cryptocurrencies being limited by both government and people.

I don't need to read any more. Let's start with the fact that the entire cryptocurrency is limited by itself. You came up with "new money" but somehow did not come up with why everyone around them should use it and this is the fundamental problem of coins. The cryptocurrency does not have the same "platinum case" that it can be used without a second thought.
Yes, this is a double-edged sword, we do not have the infrastructure for crypto because we are hindered and therefore we can not use crypto as we want, but we could... The only problem is that they couldn't. I don’t know any projects with visa level TPS

[leyton11]

I have known this for a long time but it is reasonable. Although trading volumes amount to billions of dollars in exchanges, there are certainly very few users. Here only the whales manipulate here a lot and there are very few users. Besides, there are still very few people who use bitcoin for payment, so that is understandable. Most people now just hold bitcoin or trade it on the exchange.

[abhiseshakana]

The crypto market will change a lot with confidence Blockchain technology has gradually reached a peak of improvement and demand is increasing The economic value of crypto will start to rise again even if it goes down but we have to wait for that. As Bitcoin is decentralized no one controls it and the price goes up by increasing the demand Bitcoin will rise a lot in the coming years Prices are likely to rise later this year.

Yesterday I found this article which easily gives a picture of the small amount of bitcoin compared to fiat and there is concern that a limited amount might not be able to support the world economy. So in the end bitcoin will only end up like gold only as an asset not as greasing the transaction.

With advances in technology and interconnectedness, because many people believe that bitcoin is a form of national threat, many do research and observe bitcoin which in the end concludes that although seen as a threat, bitcoin is also a set with good performance and even the best. So that eventually countries with negative interest rates, countries with unjust regimes (Venezuela, Iran, Russia), globalists, and billionaires who hedge their investments against the threat of QE, and institutional investors will realize and start saving bitcoin like saving gold.

https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/

[BitcoinTurk]

- Bitcoin accounted for just 0.4% of the world's money.
- Bitcoin was worth only about 1.6% as much as the world's gold supply.
- All cryptocurrencies combined accounted for less than 0.7% of the world's money.

 
Yes, it was already known to many of us that crypto money markets have such a low volume compared to other world markets. Indeed, for these reasons, many large investors prefer crypto money markets for easier manipulation because there is a much smaller capital market control in these markets compared to other markets. Hopefully, we can see that these rates have increased in the upcoming short term period and that the crypto money markets have reached high transaction volume, just like other markets. It should also be noted that if this happens, prices will fluctuate less and small investors will suffer less.

[$crypto$]

The crypto market will change a lot with confidence Blockchain technology has gradually reached a peak of improvement and demand is increasing The economic value of crypto will start to rise again even if it goes down but we have to wait for that. As Bitcoin is decentralized no one controls it and the price goes up by increasing the demand Bitcoin will rise a lot in the coming years Prices are likely to rise later this year.

Yesterday I found this article which easily gives a picture of the small amount of bitcoin compared to fiat and there is concern that a limited amount might not be able to support the world economy. So in the end bitcoin will only end up like gold only as an asset not as greasing the transaction.

With advances in technology and interconnectedness, because many people believe that bitcoin is a form of national threat, many do research and observe bitcoin which in the end concludes that although seen as a threat, bitcoin is also a set with good performance and even the best. So that eventually countries with negative interest rates, countries with unjust regimes (Venezuela, Iran, Russia), globalists, and billionaires who hedge their investments against the threat of QE, and institutional investors will realize and start saving bitcoin like saving gold.

https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/

Due to the limited total supply I think bitcoin will not be a legitimate transaction worldwide because it will not be enough I think with the current circulation in this market but only a few use it in transactions / payments but there is no security from the country so this will be a lot make it difficult for the user.

With more and more demand in the future it will become an antique item because bitcoin will become one of the many investments in a hurry when supplies start to fall short and therefore from now many speculate about bitcoin will be legalized throughout the world it is still a myth.

[Assface16678]

This is commonly happening because we are experiencing having a pandemic outbreak and because of the people who want to pull out their investment to spend their money to survive the pandemic and we cannot stop them because we have different needed in terms of making an investment if you already gained profit why not keep it safe.

Even we cannot say the market price of the coin is not surprisingly falling down because it already reaches the market price of 10k dollars and tries to put an effort to achieve the 13k mark but now it already falls down and trying to take a break
If the market price of the coin falls down again into an 8k dollar mark there is a chance it will follow up to 5k dollars again before make another come back on it.

The crypto market will change a lot with confidence Blockchain technology has gradually reached a peak of improvement and demand is increasing The economic value of crypto will start to rise again even if it goes down but we have to wait for that. As Bitcoin is decentralized no one controls it and the price goes up by increasing the demand Bitcoin will rise a lot in the coming years Prices are likely to rise later this year.

Yesterday I found this article which easily gives a picture of the small amount of bitcoin compared to fiat and there is concern that a limited amount might not be able to support the world economy. So in the end bitcoin will only end up like gold only as an asset not as greasing the transaction.

With advances in technology and interconnectedness, because many people believe that bitcoin is a form of national threat, many do research and observe bitcoin which in the end concludes that although seen as a threat, bitcoin is also a set with good performance and even the best. So that eventually countries with negative interest rates, countries with unjust regimes (Venezuela, Iran, Russia), globalists, and billionaires who hedge their investments against the threat of QE, and institutional investors will realize and start saving bitcoin like saving gold.

https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/

Due to the limited total supply I think bitcoin will not be a legitimate transaction worldwide because it will not be enough I think with the current circulation in this market but only a few use it in transactions / payments but there is no security from the country so this will be a lot make it difficult for the user.

With more and more demand in the future it will become an antique item because bitcoin will become one of the many investments in a hurry when supplies start to fall short and therefore from now many speculate about bitcoin will be legalized throughout the world it is still a myth.

The bitcoin today becomes limited because some of the miners stop their mining because they lose a lot of money and some of the miners fall back their bitcoin because they cannot make another profit on it. Still, some of the people support the use of bitcoin today because they know it is the safe heaven right now which is a good thing to make more earnings. But if you are an investor that can hold a lot of money and make an investment into the higher price when the price of the coin falls drop it will come the same with your money.

[el kaka22]

It will get bigger, I know it is nowhere near its full potential now and it has been a while since it was created as well and looks like it is slowly increasing but not fast enough. However if we wait long enough it is an exponential growth that would be awesome for us, it will take some time and it will be at least another 5 to 10 years before bitcoin could reach to a level where it will increase to a level where it will be used everywhere globally, but it will get there.

Let's remember 2017 peak times, online places like Amazon and steam and Microsoft all accepted bitcoin back in those days, if we wait and take the price high once again and get the attention it deserves, those companies will come back to bitcoin and many more will follow them as well and offer us options to use bitcoin too, the more the merrier that will lead to even higher prices.

[deisik]

"Stock market capitalization as percent of GDP, 2018 - Country rankings: The average for 2018 based on 63 countries was 70.95 percent."
(Taken from the Global economy)

To put this in perspective, the oldest stock market goes as far back as the 16th century and the wall street market was established around 1792 IIRC. Bitcoins' Genesis block was mined in 2009.

This post wins the thread. Bitcoiners need to exercise some patience.

In 2017, the BTC market reached almost 5% of the size of the gold market. After existing for 8 years. That's incredible to me, beyond all expectations

Mate, it's 2020 today, with coronavirus reaping a grim toll across countries and continents

Anyway, the gold market is not the goal. People still think of Bitcoin in terms of price whereas they should think in terms of use and adoption. And how much adoption have we seen since then? Let me guess, next to nothing? Is there any hope? Will you be happy if Bitcoin becomes next gold instead of a true medium of exchange? As they say, be careful what you wish for. Or am I asking too much?

Everyone should just consider themselves lucky to be early adopters

I heard this mantra prior to 2015, and it had already become a cliché by then