Bears helplessly watching Litecoion and Bitcoin take over the marketplace....steemCreated with Sketch.

in bitcoin •  7 years ago 

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https://www.bitcoinmarketjournal.com/how-many-people-use-bitcoin/

The way I see it is Bitcoin and lite-coin will dominate the world of eCommerce and e-vesting for he foreseeable future.
The more people that USE bitcoin the MORE value it will have.

According to this article coinbase alone has 13 million plus bitcoin accounts and including the rest of the world there are approx. 28 million wallets. https://www.bitcoinmarketjournal.com/how-many-people-use-bitcoin/

According to THIS article https://coincentral.com/how-many-bitcoins-are-left/ there are only 16.7+ million BITCOINS in existence with 30% possibly forever tied up in crashed hard drives and lost passwords, never to see the market again.
That leaves ABOUT 11.7 million Bitcoins in POSSIBLE circulation, with only a possible 4.3 million to be added over the next 122 years.

According to THIS WEBSITE ( https://bitcoincharts.com/bitcoin/) the exact Number of BITCOINS is 16,522,800 with a total market cap of 151,063,003,560 FRNS.

Think about these numbers. There is less than ONE bitcoin available per person holding accounts and many people and organizations hold HUGE accounts.

The amount of potential users and those actually using Bitcoin far exceeds new bitcoin hitting the market. in other words if bitcoin is used 9 not simply traded, it's value can go no place but up. The trading exchanges and futures markets are a a place of price manipulation at the moment. The main focus NEEDS to be on RETAIL usage and those charging enormous fees to those using bitcoin for retail or wholesale life are cutting their own throats.

If only 10% of the people of the united States were able to work and be paid in bitcoin the overall price would escalate dramatically. If Supermarkets or Retail giants such as Walmart or Amazon were to adopt the possibility of payment in crypto the stability of bitcoin would dramatically increase in a deflationary spending opportunity for the average American increasing their ability to save for the future.

Bitcoin at 1,000,000 each would make satosi like dollars. The Average American could be paid and price fluctuations would only increase the value of his savings as the number of BITCOIN could not be "inflated" to rob him of his wealth .

I View much of the ALT-COIN market as watering down of the potential bitcoin market in practice use.

What is the NEXT bitcoin.... there will never be a NEXT bitcoin as bitcoin is the standard.

What there will be are DIFFERENT opportunities for Different applications. But there is NOTHING that the BEARS can do to stop BITCOIN ...
Bitcoin experts need to simply remove the need to CASH OUT and all the bears will DIE.

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