Quote from: Bitcollector on June 24, 2017, 03:42:14 AM

Quote from: Dudeperfect on June 01, 2017, 10:57:35 AM

Quote from: DoublerHunter on June 01, 2017, 10:16:26 AM

Quote from: Dudeperfect on June 01, 2017, 09:14:12 AM

Quote from: Roman Abraham on May 31, 2017, 11:50:36 PM

Bitcoin will continue to grow as more and more because every people will think bitcoin is a very good investment. At least it's all our hope

That's what we have seen in last 7 years. The journey of bitcoin has highlighted it's potential and a clear picture of the future. Currently not even 0.5% of world's population is using bitcoin but most of them are using fiat currencies. Just imagine what could happen if we could grab at least 5% share of world's population in bitcoin user base? I don't have any doubt in my mind that the price is going to rise.

People now are getting smarter and embracing the technology of our world and for sure we already surpass at least 10% of our world population and they area already using cryptocurrencies for trading or such a good investment for their portfolio and if this kind of adoption will continue then it will be a good future for the early adopters because the price of their coin will be more expensive in the future.

10% is very optimistic figure. I want someone to prove me wrong but to be honest I don't think that much of people are using crypto currencies at the moment. I am not including the people who have just heard about bitcoin or crypto currencies and not using it. 10% of 7 billion population is a impressive milestone to reach but we are not there yet. However if we continue to grow with the same speed then I don't think that is is far away from us.

I don't think that 10% of the world's population is using Bitcoin. Less than 0.006% of all BTC wallets are holding more than 90% of all mined BTC. And 80% of all ETH is held by the creator of Ethereum, so I don't think very many people are holding much BTC or any other cryptocurrency at all. Total crypto market cap is estimated at 115 Billion, and BTC is 45 B. and ETH is 31 B. That leaves a lot of room for hedge funds and such, and a lot of people say that hedge funds have bought lots, and since the market cap has increased from 17 Billion 3 months ago until today which is a total of 115 Billion. I don't think the average public would suddenly start to buy cryptocurrencies, so that must mean that massive amount of money came from hedge funds and smart money.

We know that a few Billionaires have openly admitted to buying BTC and a few other currencies. Tim Draper bought 30,000 BTC when the US Marshals sold it on auction market in 2014, plus he also bought all the rest of those BTC that were up for auction by the US Marshals. We also know that Richard Branson been very favorable to Bitcoin and has admitted to buying BTC and BTC businesses. Bill Gates has also admitted to buying Bitcoin, but Warren Buffet has not, because he doesn't understand it. Haha.

So I think mostly smart money owns most of it.

P.S. I was very surprised to see that the market cap had increased by more 300% in 3 months. Maybe something shocking is about to happen in the world. I don't know, but that's a massive amount of money movement. It changed from 17 Billion to 110 Billion in 3 months. That's one heck of a pile of money that moved into cryptocurrencies and I would make a guess that it didn't come from drug dealers, like the media and not-so-smart money people keep talking about.

I think its smart money. That's my guess.

You hit the bull's eye. Yes, it is very surprising to see such growth but I think the mainstream media attention during after the ransomware attack, more people seriously looked at bitcoin and invested in giving it a try. There is no doubt that drug mafias or criminals are using bitcoin because no one can stop or even identify them in doing so.