Bitcoin Forum

Bitcoin phenomenon is predicted to be more massive in the future. In fact, the digital currency is mentioned in the middle of a bubble economy or economic bubble.
how do you think?

I think with the growing population that are starting to understand or adapt the use of cryptocurrency, bitcoin will be of worth in the future. So yes, there's an economic bubble for the digital currencies and we don't know yet until when this will end especially that there a lot of advantages when dealing with crypto over fiat.

that's also the reason why us,china and south korea are trying to regulate this currency as we seen more people are getting engage with this type
of investment I knew that the future will be brighter for all of us who believes and hold our bitcoin, as I seen more big names are showing interest
and showing how market will be change.

it is true, that bitcoin phenomenon will be more powerful in the future, we can note the development of bitcoin from time to time which shows very significant progress.
bitcoin began to be noticed in various countries around the world, some of the existing state governments are beginning to study bitcoin, they have started trying to make the regulation of bitcoin usage in the future because of the enthusiasm of the bitcoin users.
for the long-term future bitcoin will certainly be highly developed and feasible in use on the whole world.

And always we emphasize, that investment always carries a certain risk, and Bitcoin there are exceptions in this rule. At the same time, digital currencies will hold promise because of very little potential ownership of other assets in the world today. All signs point to Bitcoin being the flagship store in the value sector in the future

Well, we have never seen how Bitcoin behaves in the midst of an economic crisis, so there is no indicator. But I think it's a consensus among people who understand Bitcoin and economics the fact that there is nothing better than a decentralized currency as a safe haven when all other assets are in trouble.

Bitcoin's worth will keep doubling in midterm. Its logarithmic price tables clearly show we are not in bitcoin bubble, instead its altcoin bubble. When alt bubble explodes bitcoin going to raise even higher to $20k.

Make sense, so when btc dumps, alt dumps too. But will eventually goes high again. Alt depends in btc and does really been possibility of increases as time passed by. It's evident as from how it start to what it reach now. Btc really a future.

It is happening and it will be more massive, bitcoin is the future of currency even though it is digital currency. Because it is a global currency so meaning it can use by all people that has access to a computer and internet.

If this is the economic bubble for bitcoin then how much more when it become more stable, I would bet the price of it would be reach a million per piece. It is just a matter of time.

How do I think? Silently I guess ;D jk

I also see Bitcoin will be massive in the future. I have a concrete mindset that generally and averagely will increase over time. This has been proven months and years ago. I just hope that this increase will be as stable as possible. I do not want a quick soar but giving a quick crash afterwards. A healthy, stable increase is much preferred.

Better to say economic revolution/innovation which will sooner or later replace traditional banking approach and will give complete financial freedom to citizens.

Bitcoin is not an economic bubble, bubble term is coined by few bankers who don't believe in bitcoin.

For me, I don't think that bitcoin will replace traditional banks. They have been with us so I doubt that they will be gone. They maybe obsolete though. However, I would like to take advantage of having a bank and bitcoin. But I have to agree that bitcoin has really gave us financial freedom through earning in trading or for just holding on it. So I'm speculating that there is no way that it will go down but the price will go up in the near future. And don't believed in bubble, because we won't see it again. Last bubble we have is 2013.

We are not in the bubble. I can understand why many keeps on saying that. You say that there will is a predicted that bitcoin will be more massive so I think thats not appropriate when you say bubble economy. Its true that bitcoins value will soar high in the future and that is simply because of adoption.

Youur guess is as good as mine or as good as anybody’s for that matter. Bitcoin doesn’t have a precedence, it returns have broken many of the known models of returns. So it is my personal feeling that anybody who claims that they can make an exact prediction is guessing.

Now is the future of Bitcoin. All that was hidden about Bitcoin is almost revealed now unlike in 2009 - 2010 when it was greeted with lots of skepticism. The future or tomorrow belongs to the altcoins and that is why a country like China is clamping down on dubious ICOs. This is China's own way of sanitizing the crypto business in its domain.

Bitcoin is becoming more scarce as time goes on. There are fewer being mined every year and more people want to own some Bitcoins. In addition to this, there are constantly Bitcoins being lost every year as people lose private keys, move coins to the wrong address, leave dust on wallets, or just due without anyone knowing about the Bitcoins. All these things will make the price of Bitcoin continue to rise over time.

an economic bubble is a term for trading in large volumes at prices that are very different from their intrinsic value. In other words, the product or asset is sold at a price higher than the base price.

The situation is not separated from the Bitcoin trade surge is so high amid the ongoing demand.

I agree with your point that it will be more massive in the future. As of this moment, there are already lots of people who are earning profit and now interested into Bitcoin. Its community is getting bigger and bigger as time passes by and as more people are being awared of cryptocurrency. It will highly affect the future of Bitcoin which will surely be expensive and more indemand due to its advantages over other cryptos.

Nothing new, everyone knows about it except those newbie or close minded person. All are expecting it to happen because that is really the fate of btc. It's just we don't know how high it would be and how long we need to wait.

for those people which don't want to know about bitcoin then they are not lucky and i think its up to them. if they don't want to know about new technology or something that will bring a new things to them, then we can not do anything. but i am sure that from now on, there will be many people which is interesting and want to know more about bitcoin because bitcoin price is increase too high and now become expensive. some of people thinking that bitcoin might be their choice to make money.

Value of bitcoin desirable as many people realize that bitcoin can be relied upon as the best financial transaction solution with a process that isn't long-winded compared to other processor payments. So, it's naturally that bitcoin prices become very expensive in the future.

Ofcourse it will, now that more people are interested into Bitcoin. And Bitcoin is now also recoginzed by more people as a currency due to its advantages . Maybe in the future when it is already legal to most of the countries, the demand will be really high, and its community will be much larger than now. And surely, it will be more expensive. We should expect for more in the near future.

I agree bitcoin will be massive in the coming years, other coins will come along and the blockchain will be used for other purposes but I think bitcoin will be a fantastic investment.

Why Bitcoin is a fantastic investment while altcoin and blockchain also grow in future?
You have to know altcoin always is competitor of Bitcoin, it will replace Bitcoin anytime when Bitcoin falls down of the price on market.

No, not everyone is aware of these and that is the reason prices are fluctuating and struggling still under $5000. Just imagine what would have happened if everyone is well aware of bitcoin's future. Miners will not sell their mining rewards and no one will spend/trade their bitcoins then bitcoin prices would have reached some unbelievable prices by this time like prices in millions.

I mean to say that we all need this kind of topics to educate and to spend awareness on the future of bitcoins so that every bitcoin will be truing as a believer of bitcoin's future rather than just being an adopter of bitcoins.

The future of the bitcoin is very high because a lot of new people are showing interest in the investment of the bitcoin and the price of the bitcoin increased a lot more than before. So! If we look back the price of the bitcoin was not so high but now it has increased and still it is growing it was 400$ when I met bitcoin for the first time but today it has become triple of it and will increase more in the future.

bitcoin has a bright future to thrive in today's world economy. look at how bitcoin prices can be so fantastic, everyone supports bitcoin and they use bitcoin every day. I think there will be a new economic era and we will leave the current economic era. everything will become more digitizing in the next few years. and the level of human economy will increase.

Still it does not reached to the third world non developed countries because of the corrupted politicians who are looting and scratching the country's wealth. If bitcoin is been spreaded to everyone even laymen in every place then bitcoin will take all poverty easily. Try to spread the bitcoin as much you can.

There are some issues which potentially can hinder bitocin price increase, adoption rate and disrupt people's faith in cryptocurrency.

1. Bitcoin ban by China or some other major player. Recent ban of ICO in China showed us that total cryptocurrency ban is not something unreal.
2. A lot of economists predict that Bitcoin might be the biggest bubble of 21th century, for example Nobel Prize winner Robert Shiller stated that bitcoin resembles past market bubbles.
https://www.cnbc.com/2017/09/06/economist-robert-shiller-explains-how-bitcoin-resembles-past-bubbles.html (https://www.cnbc.com/2017/09/06/economist-robert-shiller-explains-how-bitcoin-resembles-past-bubbles.html)

1. The recent ICO ban was a necessity ~ the ICO market has been beaten to the ground by greed and con artists. It's beyond insane how empty projects manage to gather millions dollars worth of funds in a matter of hours.

That's not healthy at all. It shows how toxic that part of the crypto industry has become. For that reason I am actually happy that a government has stepped in to make an end to all this, or at least in China for the time being.

2. If we had to believe economical experts back in the days, Bitcoin wouldn't even manage to reach $1000 again after the disastrous effect of the MtGox closure ~ look where we stand right now.

This bubble talk will continue to be part of Bitcoin for as long as it keeps increasing ~ $1000 was a bubble, $2000 was a bubble, $3000 was a bubble, $4000 was a bubble, and the list goes on. Ignore all this bubble talk.

The quick rise recently looks a bubble and possibly is. That doesn't mean that Bitcoin won't be even higher in price later. It just means that we could see a correction in price soon that will bring the price lower in the the short term. Then we will see a gradual increase again. Bitcoin is still a new technology and will have fluctuations in price on a regular basis until it is more mainstream.

I think this will happen in the future because bitcoin exists in bubble economy.
Although potentially experiencing an economic bubble, but in my opinion have to wait.
Until this happens, it takes about 5 years to affect the market and the economy.
On the other hand the use of bitcoin is increasing because it is considered interesting to use it.
And obviously it will make bitcoin prices soar in the future.