Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: WlanWerner on January 30, 2019, 02:30:26 PM



Title: Future of Bitcoin
Post by: WlanWerner on January 30, 2019, 02:30:26 PM
Since I got more knowledge about Bitcoin and Crypto and all that Blockchain stuff I am thinking about it's future. I'm sure, that those crypto/Blockchain Coins will be part of the Future and that maybe they will replace Fiat. But at some points I'm thinking that the Coins which will lead the future won't be the Bitcoin. The Bitcoin is the native Coin, and the most important at the moment. But in some Points I don't see the Future in Bitcoin.

1. During the Hype the transactions costs where at 10$, who wants to pay 10$ if he want to buy a coffee in the coffee shop around the corner. Furthermore the confirmation of those transactions were very slow. It took too much time for daily usage. Sure, Lightning should solve the problem, and all ppl which are involved in it are saying what a nice technic and that it will be the Future. But the not technic customer has no idea how to use it.

2. In my opinion POW-Systems are also not sustainable for the future. In a world where sustainability and environmental friendliness gets more important, POW is a waste of energy. And, it's not even profitable anymore.

3. Decentralization, the best argument for Bitcoin is the decentralization. But it can also be used against the Bitcoin. Because it isn't as decentralized as it should. 5 Pools would have more than 51% of the total hash rate. It sounds not real, that they would do a 51% attack on BTC, but nobody says that it won't happen in the future.

All those are points against the Bitcoin, but I would like to know what you think about.


Title: Re: Future of Bitcoin
Post by: Sihab76 on January 30, 2019, 02:34:38 PM
The future of bitcoin is very bright. Because people of all over the world involving themselves in online virtual currency, they are interested in using Bitcoin as their daily purposes. Shopping, shipping, travelling, marketing, trading, gambling, online casino are managed by Bitcoin and others online virtual currency.


Title: Re: Future of Bitcoin
Post by: BrewMaster on January 30, 2019, 02:53:00 PM
bitcoin is constantly improving and evolving, and so far it has been the best cryptocurrency that has been created because it is at a balance between all the features. it is not going all out on one thing to sacrifice everything else. like having faster transactions without decentralization.

of course like any technology it has only so much to improve but we have at least another 50 to 80 years before we see something that can beat bitcoin in its game.


Title: Re: Future of Bitcoin
Post by: Omparkash72 on January 30, 2019, 04:12:05 PM
Bitcoin is the only coin that attracts the investors to invest and the people who invest in Bitcoin in early stage they earn huge profit with that, so if anyone talk about crypto it means Bitcoin. Bitcoin have bright future because in the coming years paper currency changes into crypto currency due to latest technology and no doubt Bitcoin will lead that currency.


Title: Re: Future of Bitcoin
Post by: proTECH77 on January 30, 2019, 04:57:37 PM
In my own view, bitcoin as the mainstream of the blockchain has better future if am ask because it's the best cryptocurrency among all others. The display of bitcoin in respect of all coins is wonderful for one to note, bitcoin prince determine all other coins price in the market. Once the SEC and the ETF issue is be solve the real future of bitcoin will surface in full force.


Title: Re: Future of Bitcoin
Post by: Harkorede on January 30, 2019, 05:14:35 PM
The Bitcoin is the native Coin, and the most important at the moment. But in some Points I don't see the Future in Bitcoin.

So far there is continuous development, I don't see the future of Bitcoin as stake even though there's a huge possibility be of something far better as technology advances.

You were able to highlight some challenges Bitcoin currently faces, these challenges are not unsolvable however it just about a matter of time before reasonable solutions are proposed and implemented. When mobile phone was invented GSM was the peak, then came the option of GPRS, who would have thought we would witness something like 5G eventually ?
Bitcoin is a only a little over 10 years and there have significant update and features different from what it was at first, don't you think things can better ?


Title: Re: Future of Bitcoin
Post by: killat on January 30, 2019, 05:39:20 PM
Bitcoin's price is strictely relates to adoption rate. When adoption rate will increase, btc's prive will raise, as well.

However, to have a bright future, the dominance of the total market cap needs to be kept at below 50%


Title: Re: Future of Bitcoin
Post by: Julunguul on January 30, 2019, 06:00:51 PM
2. In my opinion POW-Systems are also not sustainable for the future. In a world where sustainability and environmental friendliness gets more important, POW is a waste of energy. And, it's not even profitable anymore.

actually not only POW-Systems that are not suitable for the future, in my opinion all kind "Proof-Of" have their own expiration dates, this is because day by day we facing an updates which also cause an impact to this kind of system. No matter what, there will be always new stuff everyday to be added in this system.


Title: Re: Future of Bitcoin
Post by: mindrust on January 30, 2019, 06:42:33 PM
It is %90 going to be bitcoin. Look at he trader/consumer/developer activity on all the other altcoins and compare it to Bitcoin's, Bitcoin towers them all. Even if some altcoin comes up with a superior tech Bitcoin is going to take that tech and implement it to its codebase and upgrade itself. With the 10 years of network effect, Bitcoin is not going down, only up.

Take a look at the 2nd, 3rd and 4th (and 5th) spots on coinmarketcap.

2nd is ripple = centralized trash. Bankster shitcoin

3rd is ETH = experiences every problem bitcoin does on onchain tx and tries to solve them in the same way (2nd layer). If they are going to follow BTC's way (which is the right way btw) why use ETH then? Centralized as well. Remember DAO.

4th is EOS = Must be joke. As shit as ripple. Centralized.

5th is Bcash. Shitcoin.

Which shitcoin is you think going to ovrethrow Bitcoin? There isn't one.


Title: Re: Future of Bitcoin
Post by: kingpin4321 on January 30, 2019, 07:32:22 PM
Why has this thread about the future of bitcoin become a trend is it just another form of post count.
No one is a fortune teller and can't be accurate in predicting the future of bitcoin.


Title: Re: Future of Bitcoin
Post by: Shawn20 on January 30, 2019, 07:59:10 PM
Bitcoin is a immortal digital currency.it present it is the most unique & popular coin.people around the world make it their earning source because Bitcoin has very bright future as it can never die & very soon they will see it at more than $19000.


Title: Re: Future of Bitcoin
Post by: Glorious04 on January 30, 2019, 08:25:15 PM
Well we all know I guess and most of us believe that cryptocurrenccy and blockchain will be the future and not just part of the future. In short we are heading to a world of digitization. If not bitcoin, I believe there will be more and more altcoins that will be rising and to whatever will be the fate of bitcoin, I believe it will still be the main currency we will looking up too.


Title: Re: Future of Bitcoin
Post by: mich on January 30, 2019, 08:47:54 PM
Why has this thread about the future of bitcoin become a trend is it just another form of post count.
No one is a fortune teller and can't be accurate in predicting the future of bitcoin.


Agreed in that we cant really predict the price so these types of threads are only FOMO, fear of missing out.
I am sure there are a few insiders who can a better diea of what the price may become and when but they arent going to be sharing that information with the public.
If price is a total concern for you you might want to leave.


Title: Re: Future of Bitcoin
Post by: Artemis3 on January 31, 2019, 02:54:03 AM
Since I got more knowledge about Bitcoin and Crypto and all that Blockchain stuff I am thinking about it's future. I'm sure, that those crypto/Blockchain Coins will be part of the Future and that maybe they will replace Fiat. But at some points I'm thinking that the Coins which will lead the future won't be the Bitcoin. The Bitcoin is the native Coin, and the most important at the moment. But in some Points I don't see the Future in Bitcoin.

1. During the Hype the transactions costs where at 10$, who wants to pay 10$ if he want to buy a coffee in the coffee shop around the corner. Furthermore the confirmation of those transactions were very slow. It took too much time for daily usage. Sure, Lightning should solve the problem, and all ppl which are involved in it are saying what a nice technic and that it will be the Future. But the not technic customer has no idea how to use it.

2. In my opinion POW-Systems are also not sustainable for the future. In a world where sustainability and environmental friendliness gets more important, POW is a waste of energy. And, it's not even profitable anymore.

3. Decentralization, the best argument for Bitcoin is the decentralization. But it can also be used against the Bitcoin. Because it isn't as decentralized as it should. 5 Pools would have more than 51% of the total hash rate. It sounds not real, that they would do a 51% attack on BTC, but nobody says that it won't happen in the future.

All those are points against the Bitcoin, but I would like to know what you think about.

1. This is not going to happen anymore. There is segwit and Lightning network now, TX fees are at the lowest and will get even lower in v18.
2. You answered the solution yourself. BECAUSE its not profitable, the last remaining miners will be those using free renewable energy.
3. There is no need to use those pools, and unless one gets all 51%, it doesn't matter. Any attempts to do this gets more and more expensive.

There is no doubt that Bitcoin has adapted to the challenge, thanks to its community of developers, miners and node operators. It has resisted attacks, forks, and drama. 10 years and counting, no blockchain reversals or hacks, it has kept its promise unlike certain altcoins...


Title: Re: Future of Bitcoin
Post by: r_uyab on January 31, 2019, 04:41:41 AM
I think the future of bitcoin is also promising as well as a bright future, because bitcoin is also a great way to make investments and transactions for ways to get good profits in a short time and also good in the long term, by buying cheap prices and waiting for price increases high, so you will also get more profits.


Title: Re: Future of Bitcoin
Post by: bestbonusbitcoin on January 31, 2019, 08:09:16 AM
Bitcoin is a standout amongst the most generally acknowledged cryptocurrencies. From online vendors to physical shops, many specialist co-ops have begun tolerating bitcoin alongside fiat money (ie, ordinary monetary standards, for example, AUD, USD and EUR). You can utilize bitcoin to buy different items and administrations, for example,

Hardware, programming and gear.

Flights and travel courtesies.

Gambling (The bestbonusbitcoin.com allows you to review & play with the best bitcoin online casinos).


Title: Re: Future of Bitcoin
Post by: Mighty_crypt on January 31, 2019, 08:45:16 AM
Everything is going smoothly for bitcoin and cryptocurrency in general I get less worried as far as the market cap keeps growing and many new experts are getting into cryptocurrency and if this continues we will have a better crypto community and soon it will be a must for every one including those who have no interest now


Title: Re: Future of Bitcoin
Post by: BlackPanda on January 31, 2019, 09:21:37 AM
There are more and more improvements everyday but I still think bitcoin is the most popular crypto so it has a lot of people mining it so it'll still be  the most popular in the future. Although other cryptocurrencies are getting more and more popular
Bitcoin become progressive cause more improvements we see everyday, and all over the world known bitcoin now because of his benefits it become more popular now and future too and other cryptocurrency are also increasing.
More and more place facilities that accept payments via Bitcoin. Things like this are very good because then Bitcoin users are increasing and causing the price of Bitcoin to increase. I am so optimistic that the future of Bitcoin will be very bright and this is the beginning to reach a much better era of digitalization.


Title: Re: Future of Bitcoin
Post by: chikading2016 on January 31, 2019, 10:04:08 AM
I believe that the future if bitcoin is really brighter than today. Bitcoin will become more useful in the near future because of the continuous growth of the people who use internet and I believe that someday bitcoin will become the most amazing way of payment and investment and many people will surely earn on it.


Title: Re: Future of Bitcoin
Post by: Shiversnow on January 31, 2019, 10:10:37 AM
Since I got more knowledge about Bitcoin and Crypto and all that Blockchain stuff I am thinking about it's future. I'm sure, that those crypto/Blockchain Coins will be part of the Future and that maybe they will replace Fiat. But at some points I'm thinking that the Coins which will lead the future won't be the Bitcoin. The Bitcoin is the native Coin, and the most important at the moment. But in some Points I don't see the Future in Bitcoin.

1. During the Hype the transactions costs where at 10$, who wants to pay 10$ if he want to buy a coffee in the coffee shop around the corner. Furthermore the confirmation of those transactions were very slow. It took too much time for daily usage. Sure, Lightning should solve the problem, and all ppl which are involved in it are saying what a nice technic and that it will be the Future. But the not technic customer has no idea how to use it.

2. In my opinion POW-Systems are also not sustainable for the future. In a world where sustainability and environmental friendliness gets more important, POW is a waste of energy. And, it's not even profitable anymore.

3. Decentralization, the best argument for Bitcoin is the decentralization. But it can also be used against the Bitcoin. Because it isn't as decentralized as it should. 5 Pools would have more than 51% of the total hash rate. It sounds not real, that they would do a 51% attack on BTC, but nobody says that it won't happen in the future.

All those are points against the Bitcoin, but I would like to know what you think about.
Some bitcoin investors are losing hope about bitcoin because of its price and many of them thinks that bitcoin is already dead but of course we have to stay positive. Bitcoin will not remain in this kind of hard situation , its going to be recovered soon. I think in next several years bitcoin is already adapt by some countries! Its shows some improvements and its a great news.


Title: Re: Future of Bitcoin
Post by: Autumn_Rain on January 31, 2019, 10:15:41 AM
I agree with you. I also think that crypto and blockchain will develop and evolve, however I don't think bitcoin will always hold the first position. You are right it's somewhat of a forefather of cryptoverse but some day it will become more of a legend, more of a trophy. It does not mean the price will drop, quite the opposite, but I don't think BTC will become a full medium of exchange.


Title: Re: Future of Bitcoin
Post by: Kemarit on January 31, 2019, 10:55:21 AM
I don't think that bitcoin will replace fiat currency, because there are still many people who don't understand cryptocurency, but I assume if bitcoin will lead the beginning of human beings with a transparent

There's no one saying that any crypto will replace fiat though. Fiat won't go obsolete, so we should learn to take advantage of both systems and there should be no argument about crypto taking the place of the old and traditional fiat system.

As far as the future, everyone say's that it has a good future. It's a revolution that has existed for the last 10 years and will continue to go on, regardless of the negatives people throwing at it. Yes, the bubble has been burst and yet people are still behind it either as medium of payment or store of value (SoV).


Title: Re: Future of Bitcoin
Post by: denzkilim on January 31, 2019, 11:01:39 AM
bitcoin is constantly improving and evolving, and so far it has been the best cryptocurrency that has been created because it is at a balance between all the features. it is not going all out on one thing to sacrifice everything else. like having faster transactions without decentralization.

of course like any technology it has only so much to improve but we have at least another 50 to 80 years before we see something that can beat bitcoin in its game.
You have a point about that, sacrificing the decentralization with a faster transaction is not a good idea in my opinion because Bitcoin is decentralized and no one controls it but the majority of the people hodling it determines its value. As what I see, the future of Bitcoin will be awesome even there is a lot of negativity spreading all over the crypto space I am still optimistic and will still believe in Bitcoin's technology and progress to the following years ahead. That 50 to 80 years is so long but I guess it those years the technology had grown dramatically and the usage of paper money could be at minimal because the majority of the people is using Digital type of currency or Crypto Currencies.


Title: Re: Future of Bitcoin
Post by: Cofee.BLUE on January 31, 2019, 11:25:02 AM
The future of bitcoin is very bright. Because people of all over the world involving themselves in online virtual currency, they are interested in using Bitcoin as their daily purposes. Shopping, shipping, travelling, marketing, trading, gambling, online casino are managed by Bitcoin and others online virtual currency.
Indeed! as you can see the price of bitcoin it is so much far from its price about 4 -5 years ago meaning there is really an significant development for bitcoin plus the countless adaptation from different big named companies around the globe. There is really a bright future not just for bitcoin but the whole blockchain system and its covered matters.


Title: Re: Future of Bitcoin
Post by: Magkirap on January 31, 2019, 01:00:54 PM
The future of bitcoin is very bright. Because people of all over the world involving themselves in online virtual currency, they are interested in using Bitcoin as their daily purposes. Shopping, shipping, travelling, marketing, trading, gambling, online casino are managed by Bitcoin and others online virtual currency.
We are not sure there will be a bright future in bitcoin because as of now many people already lose their hope. Even bitcoin have multiple uses there is no assurance that it will have bright future. If we want to have bright future of bitcoin we need to support it until it is accept by all countries and government.


Title: Re: Future of Bitcoin
Post by: Pursuer on January 31, 2019, 01:34:13 PM
this is just another newcomers who has been misled by the empty promises that the altcoin pumpers had made him. you see when newbies enter this market they encounter a big wave of advertisement that is overselling a useless product called "altcoins" then they slowly start believing in their lies whereas if you bother looking at any of these projects and analyze them you can see that none of them have any kind of advantage as they all promise. in fact many of them are severely flawed.
you don't even have to know any kind of programming or be an expert in blockchain technology, about 80% of the altcoins will be clearly shitcoins only if you download their wallets and send/receive some coins.


Title: Re: Future of Bitcoin
Post by: KingScorpio on January 31, 2019, 03:00:27 PM
3. Decentralization, the best argument for Bitcoin is the decentralization. But it can also be used against the Bitcoin. Because it isn't as decentralized as it should. 5 Pools would have more than 51% of the total hash rate. It sounds not real, that they would do a 51% attack on BTC, but nobody says that it won't happen in the future.

ohm well the creation of a centrally contrlled cryptocurrency index has nothing to do with decentralisation its, just a powergrab by the bitcoin founders.

bitcoin is more central then the central banks that have at least democratic humanist controll.

bitcoins indexation system that keeps it higher than other cryptocurrencies, has a very very central structure, so there is no point talking about decentralisation when talking about bitcoin, cause its not.


Title: Re: Future of Bitcoin
Post by: Paglamon on January 31, 2019, 03:01:25 PM
We should realize that,  bitcoin is the key to success in life.we cannot even think of our life without bitcoin. Bitcoin  going to end up then the world will fall in acute poverty and people will lead very unhappy and miserable life in near future if it is not controlled. So bitcoin is future.                  


Title: Re: Future of Bitcoin
Post by: BrewMaster on January 31, 2019, 03:17:13 PM
bitcoin is constantly improving and evolving, and so far it has been the best cryptocurrency that has been created because it is at a balance between all the features. it is not going all out on one thing to sacrifice everything else. like having faster transactions without decentralization.

of course like any technology it has only so much to improve but we have at least another 50 to 80 years before we see something that can beat bitcoin in its game.
You have a point about that, sacrificing the decentralization with a faster transaction is not a good idea in my opinion because Bitcoin is decentralized and no one controls it but the majority of the people hodling it determines its value. As what I see, the future of Bitcoin will be awesome even there is a lot of negativity spreading all over the crypto space I am still optimistic and will still believe in Bitcoin's technology and progress to the following years ahead. That 50 to 80 years is so long but I guess it those years the technology had grown dramatically and the usage of paper money could be at minimal because the majority of the people is using Digital type of currency or Crypto Currencies.

i chose 50 to 80 years because like any other technology there will always going to be a better version of it eventually so it is safe to assume some day we will see a better alternative. but at the same time we have to consider that fact that bitcoin itself is brand new still and on top of that it is also changing and improving. so it won't happen anytime soon.


Title: Re: Future of Bitcoin
Post by: alina345 on January 31, 2019, 03:35:36 PM
Everyone seems to be concerned with bitcoin future more than anything else. Well, bitcoin was never stable and it has shown fluctuations in the past as well. In Aug 2011, the value of bitcoin fell down by 57% in just three days and people thought bitcoin is going to end soon. It came back to its peak value in 2017. Though it is extremely volatile right now, there are chances of it getting back to normal. I think it will keep fluctuating in the future as well because it is not a stable coin. People who think that it will turn into real currency are extremely mistaken. This is not going to happen anytime soon but its the best way for people to invest and earn a profit.


Title: Re: Future of Bitcoin
Post by: Ridwan Fauzi on January 31, 2019, 03:51:03 PM
<.......>
So, what is your choice if you don't choose bitcoin as a coin who will replace?

And I just curious when someone who have high motivated for cryptocurrency replace money fiat using. Whereas anyone can use both simultaneously in their live, including you. Because untill know we need fiat, seriously. Cryptocurrency was suitable to be use as investment place or a place to get profit just look the movement cryptocurrency price in a few years back till now, whilst money fiat can be used as a transactions tool because have previous functions and the government strongly recommends using money fiat to be used in all transactions.


Title: Re: Future of Bitcoin
Post by: Yamifoud on January 31, 2019, 10:09:51 PM
The future of bitcoin is very bright. Because people of all over the world involving themselves in online virtual currency, they are interested in using Bitcoin as their daily purposes. Shopping, shipping, travelling, marketing, trading, gambling, online casino are managed by Bitcoin and others online virtual currency.

I believe that indeed the future of Bitcoin will be bright again. because everyone is already involved, and the longer the development of bitcoin will certainly increase with time. so we certainly have to believe and believe that bitcoin will forever not be like this.
You have a strong faith body.
It is the community who can decide what will be the possible future for bitcoin cause we are the persons who are greatly involve for its huge development. Hope everyone will think positive and will continue to give support for these.  That's the only thing that could help for it's development and stay on there side.


Title: Re: Future of Bitcoin
Post by: iqlimasyadiqa on January 31, 2019, 10:48:13 PM
The future of bitcoin is very bright. Because people of all over the world involving themselves in online virtual currency, they are interested in using Bitcoin as their daily purposes. Shopping, shipping, travelling, marketing, trading, gambling, online casino are managed by Bitcoin and others online virtual currency.

I believe that indeed the future of Bitcoin will be bright again. because everyone is already involved, and the longer the development of bitcoin will certainly increase with time. so we certainly have to believe and believe that bitcoin will forever not be like this.
there will be a significant progress in the world currency system and digitalization is the most attractive thing. Bitcoin provides many of our views, by seeing its benefits, Bitcoin has a myriad of benefits for its users. the speed of transaction and the security of transactions that we do will be such a big attraction. there will be more people using bitcoin in the future and that is a very promising thing.


Title: Re: Future of Bitcoin
Post by: Finestream on January 31, 2019, 11:17:46 PM
The future of bitcoin is very bright. Because people of all over the world involving themselves in online virtual currency, they are interested in using Bitcoin as their daily purposes. Shopping, shipping, travelling, marketing, trading, gambling, online casino are managed by Bitcoin and others online virtual currency.

I believe that indeed the future of Bitcoin will be bright again. because everyone is already involved, and the longer the development of bitcoin will certainly increase with time. so we certainly have to believe and believe that bitcoin will forever not be like this.
You have a strong faith body.
It is the community who can decide what will be the possible future for bitcoin cause we are the persons who are greatly involve for its huge development. Hope everyone will think positive and will continue to give support for these.  That's the only thing that could help for it's development and stay on there side.
Right.I agree.We need to have a stronger faith on bitcoin despite of its decreasing value nowadays,still we should help to promote it so that more countries will be able to adopt and legalize bitcoin and utilize it as their own currency.I think there are still more years to go and more rooms to grow for bitcoin.We just have to trust bitcoin and believing that it will soon to be a global currency in the future.


Title: Re: Future of Bitcoin
Post by: Escf4 on February 01, 2019, 12:54:02 AM
The future of bitcoin will not rely on bitcoin itself or its popularity , the big support and trust of the people ,the customers and investors to the bitcoin and this cryptocurrency ,will determined its faith and fortune , with the real support of the different stake holders for bitcoin , means it will be the fall, the fate of bitcoin is from the strong support of userof bitcoin.


Title: Re: Future of Bitcoin
Post by: xabre on February 01, 2019, 03:14:13 AM
My opinion about bitcoin at the future will be more success and have higher price, how ever when you see bitcoin at lower price right now, never worry and keep hold your bitcoin because speculative price is usually happen at bitcoin, its not the first time bitcoin at lower price, we still remember when China banned bitcoin and make price down, but just few months later bitcoin come back to the higher price and have stronger support from investor.


Title: Re: Future of Bitcoin
Post by: Blockchainer06 on February 01, 2019, 03:23:34 AM
Many people want Bitcoin to go up. The reason is very simple. In the process of Bitcoin's rise, their own Bitcoin will become appreciated, so they can make money from it. However, one problem we have to consider is that if Bitcoin wants to become a so-called world-class currency, then it must become popular, not say. The higher the price, the better, but to allow more people to participate in Bitcoin, so that the concept of Bitcoin's so-called world currency can be implemented, then the future of Bitcoin, will not continue to be sky-high price and benefit, gradually return to a rational state, so that many people can participate in Bitcoin, that is the real purpose, the more audience groups, for Bitcoin. The future development of special currency can have better development potential. Otherwise, the so-called future prospects belong to a false phenomenon.


Title: Re: Future of Bitcoin
Post by: budi691 on February 01, 2019, 04:00:36 AM
the current situation is quite troubling, Bitcoin owners and users are starting to feel bored with the value of bitcoin which is not moving forward significantly, but what should be praised, the enthusiasm of crypto lovers does not fade. it seems that it keeps increasing, it indicates that the future of bitcoin can still look good, of course with optimism.


Title: Re: Future of Bitcoin
Post by: Elqui on February 01, 2019, 05:26:13 AM
We all really don’t know what is the future of bitcoin is, but we all have the power to make it big in the future, we all need to think of something for bitcoin to be recognised all over the world so that the people all over the world will also use it for their everyday lives. Maybe we should advertise it more or we have to use it for everyday life. In my case, i use bitcoin for having my cellphone load.


Title: Re: Future of Bitcoin
Post by: jerrison on February 01, 2019, 08:29:28 AM
the future of finance is always a thing people do not want to discuss under the topic called "evolving technologies" as it tends to override the already existing financial structure setup by institutionalised agencies and regulated bodies both locally and internationally. but the truth be told today, Cryptocurrency is the future.


Title: Re: Future of Bitcoin
Post by: Slow death on February 01, 2019, 09:27:44 AM
1. During the Hype the transactions costs where at 10$, who wants to pay 10$ if he want to buy a coffee in the coffee shop around the corner. Furthermore the confirmation of those transactions were very slow. It took too much time for daily usage. Sure, Lightning should solve the problem, and all ppl which are involved in it are saying what a nice technic and that it will be the Future. But the not technic customer has no idea how to use it.

You mentioned a point that has been discussed for several months in the bitcoin community. For some people bitcoin is good and for other people they want bitcoin to be adopted around the world and for that it should have improvements. Then they fight: the centralization VS decentralization. The case here is:

- What is the purpose of bitcoin?

Be decentralized? or be a means of payments used around the world? or be both? this is a matter that generates war in the community

2. In my opinion POW-Systems are also not sustainable for the future. In a world where sustainability and environmental friendliness gets more important, POW is a waste of energy. And, it's not even profitable anymore.

This is another big problem.

3. Decentralization, the best argument for Bitcoin is the decentralization. But it can also be used against the Bitcoin. Because it isn't as decentralized as it should. 5 Pools would have more than 51% of the total hash rate. It sounds not real, that they would do a 51% attack on BTC, but nobody says that it won't happen in the future.

This may become worse in the next years... Because only giant companies will dominate this mining market


Title: Re: Future of Bitcoin
Post by: Ezenwanyi1 on February 01, 2019, 10:09:30 AM
When I come across phrases such as this" the future of bitcoin" I think about the many possibilities that bitcoin could usher in in the universe.
I think about the potentials and the cryptocurrency untapped market.
I think about the future if Pay when bitcoin I later accepted generally as a payment medium.
Then I come to the conclusion the future of bitcoin and cryptocurrency as a whole is very bright.


Title: Re: Future of Bitcoin
Post by: lovesybitz on February 01, 2019, 02:56:29 PM
Bitcoin has brighter future, as time goes by it became more popular in the entire world, though a lot of countries so far are little by little getting aware of it. But still majority didn't accept it as one the tools to help their economy. But someday Bitcoin has a potential to become the world currency in my point of view on this one. Where I think this also be the thinking of others community here in this industry.


Title: Re: Future of Bitcoin
Post by: johnny508 on February 01, 2019, 03:37:34 PM
Bitcoin will have a great future but it depends on its users and businesses in the financial sector because without its users help bitcoin itself cannot develop and expand in the world through adoption and also businesses plays a major role in that because there concern to combine there core transactions is essential to speed up the process and bitcoin more popular in the financial sector which are things happening right now so we would see a great future than today for bitcoin


Title: Re: Future of Bitcoin
Post by: izanagi narukami on February 01, 2019, 03:56:48 PM
IMO, bitcoin become the most used currency around the world for cashless transaction.
But for see that happen, most government must legalize crypto.

The fact is some government still think crypto as criminal money and able cause inflation just like my government !


Title: Re: Future of Bitcoin
Post by: pawanjain on February 01, 2019, 04:53:17 PM
1. During the Hype the transactions costs where at 10$, who wants to pay 10$ if he want to buy a coffee in the coffee shop around the corner. Furthermore the confirmation of those transactions were very slow. It took too much time for daily usage. Sure, Lightning should solve the problem, and all ppl which are involved in it are saying what a nice technic and that it will be the Future. But the not technic customer has no idea how to use it.
Don't you think if the Lightning Network is so profitable then the people will adopt the newer technology and learn how to use it. People didn't knew to use internet banking facility in the early days but we can see the growth rate of people using internet banking now. It has increased quite a lot. Similarly, the number of people using the lightning network will increase eventually if it is profitable.

Quote
2. In my opinion POW-Systems are also not sustainable for the future. In a world where sustainability and environmental friendliness gets more important, POW is a waste of energy. And, it's not even profitable anymore.
True. PoW is being difficult day by day and will only get worse unless specialized equipment are created to save energy while producing greater output.

Quote
3. Decentralization, the best argument for Bitcoin is the decentralization. But it can also be used against the Bitcoin. Because it isn't as decentralized as it should. 5 Pools would have more than 51% of the total hash rate. It sounds not real, that they would do a 51% attack on BTC, but nobody says that it won't happen in the future.
Again true. But the probability of a 51% attack is very low since bitcoin is now widely spread and will spread even more as more users use it. This will eventually drop the probability of a 51% attack even more down.
The more number of people acquire BTC the more distributed the system gets creating a low chance of a 51% attack.


Title: Re: Future of Bitcoin
Post by: platzdubble on February 01, 2019, 05:00:31 PM
Well, I woke up today and Bitcoin wasn't dead. again.

"Every Day Bitcoin Doesn’t Die, It’s Closer to Becoming Digital Gold. "


Title: Re: Future of Bitcoin
Post by: Sithawaka on February 01, 2019, 05:43:15 PM
No matter how governments try to restrict bitcoin and how media spread bad information about bitcoin it will continue to fight I think the concept of bitcoin or digital currencies are yet not wide spread across the business world and financial areas because most stake holders in businesses and industries doesn't have a proper knowledge about Bitcoin or its core values so they don't see how Bitcoin can be useful to them by implementing it to there business payments and transactions but bitcoin is becoming very popular these days and it can continue to increase its grasp around the world by more adoption


Title: Re: Future of Bitcoin
Post by: South Park on February 01, 2019, 10:26:06 PM
Well, I woke up today and Bitcoin wasn't dead. again.

"Every Day Bitcoin Doesn’t Die, It’s Closer to Becoming Digital Gold. "
This is important, every day that bitcoin is still here is a reminder to banks they have an opponent they cannot defeat, it gives people like us options about what to do with our money and decide if we want to be part of the fiat economy created by banks for their own benefit or if we want to become part of an economy where we are the ones holding the power and banks cannot control us or tell us what to do.


Title: Re: Future of Bitcoin
Post by: Oceat on February 01, 2019, 10:40:38 PM
I don't know what people really like but there is always a flaw no matter where Bitcoin goes. If there is a bull run people are happy yet unsatisfied with the high transaction fees. And now we are in a bearish market and yet people are still unsatisfied because the price is dropping too much yet the transaction fees are reasonable. smh


Title: Re: Future of Bitcoin
Post by: HiDevin on February 01, 2019, 11:03:51 PM
I agree with most of the things you say in this topic. If PoW continues in bitcoin, it is surely going to die, PoW already uses too much power and pollutes the Earth a lot if it grows exponentially
When the fees were 10-20$, that sucked so much. The people I told bitcoin about it were pretty bummed that they had to pay 10-20$ to send a transaction.

Like how @platzdubble say, if bitcoin becomes digital gold, people won't know the real reason behind it. All the technology is going to go to waste and it's just going to become something to put your money in, just in case it goes up like how people is doing now.
I wish people would take the time to learn and understand the currency a bit more than using coinbase to send a transaction, but I digress.


Title: Re: Future of Bitcoin
Post by: sirminesalot on February 01, 2019, 11:48:11 PM
The future of bitcoin is very bright. Because people of all over the world involving themselves in online virtual currency, they are interested in using Bitcoin as their daily purposes. Shopping, shipping, travelling, marketing, trading, gambling, online casino are managed by Bitcoin and others online virtual currency.
in the development of crypto and bitcoin currencies especially the confidence and patience of investors who make the development of crypto currencies going forward will make the future better because the development of crypto currencies depends on their own investors confidence and patience are the main capital in investing with the crypto currency


Title: Re: Future of Bitcoin
Post by: juragane on February 02, 2019, 02:34:07 AM
The future of bitcoin is very bright. Because people of all over the world involving themselves in online virtual currency, they are interested in using Bitcoin as their daily purposes. Shopping, shipping, travelling, marketing, trading, gambling, online casino are managed by Bitcoin and others online virtual currency.
the situation is already very good now, in developed countries, bitcoin can be bought anywhere, including in supermarkets, and its use can be used to buy goods directly in stores, but this certainly does not apply in all countries, so technology equalization payments are important in the progress of bitcoin, and the internet network that is very supportive as a means that must always be there. but the community has experienced a very rapid pattern of payment changes, we can see that in the future the payment system will shift their payment tools into crypto money.


Title: Re: Future of Bitcoin
Post by: EdenHazard on February 02, 2019, 02:49:49 AM
Bitcoin has a strong reputation and is a crypto currency which is known to all. I don't thing a future without Bitcoin. Anyone who looks objectively to the performance of bitcoin over the last decade has already accepted it.
The way to convince everyone to use bitcoin is very different, you will easily convince bitcoin to be used in the future when you talk to people who have investments in bitcoin but when you convince someone who is not familiar with using bitcoin because of its future, I think that is very difficult and most of them will ignore what you have said.

I do believe Bitcoin has a potential to be used as a transaction system, but I am not hypocritical when many people use bitcoin only for investment. You can feel the difference, when someone with the purpose of using bitcoin as a payment system, they are not so angry when the price of bitcoin has decreased because they only have a small amount. However, when you find someone who uses bitcoin as an investment place, the desire he has is profit, and usually people like this will quickly disappear when prices decline.


Title: Re: Future of Bitcoin
Post by: traderethereum on February 02, 2019, 08:17:54 AM
Well, I woke up today and Bitcoin wasn't dead. again.

"Every Day Bitcoin Doesn’t Die, It’s Closer to Becoming Digital Gold. "

Good thinking, we should have this every time we are feeling lost in mind. Bitcoin was going to be strong than before. Bitcoin will change the payment system and transform into digital payment, and I guess bitcoin will work together with the traditional payment. Besides that, bitcoin will cover the weakness from conventional payment so it will be useful for the payment system itself. It's a matter of time before every people accept bitcoin and soon they will realize that bitcoin can help and solve the financial problem.


Title: Re: Future of Bitcoin
Post by: Japinat on February 02, 2019, 09:01:37 AM
With the current price and situation of things, most people think of the future of bitcoin as very bleak. However, with the daily improvements, general acceptability and  investments in bitcoin by people, I can tell you that the future of bitcoin is very bright.

Your prediction does not really say the real status of the market and its future.
It's only coming from us, and if we believe the future is bright then we have a good reason to stay and be calm.
Looking at the price now, market is not good but we should not focus on the price alone, we focus more on the fundamentals.


Title: Re: Future of Bitcoin
Post by: AAKODI on February 02, 2019, 02:15:23 PM
In the future most citizens in many countries Bitcoin will be considered as a mainstream currency in the world and Bitcoin will definitely change the inefficient banking system and other traditional and non advanced organizations by proving blockchain based decentralized cryptocurrency transaction system to make faster, secure and better payments and transactions for any need from anywhere in the world at any time


Title: Re: Future of Bitcoin
Post by: deisik on February 02, 2019, 03:04:30 PM
I agree with most of the things you say in this topic. If PoW continues in bitcoin, it is surely going to die, PoW already uses too much power and pollutes the Earth a lot if it grows exponentially
When the fees were 10-20$, that sucked so much. The people I told bitcoin about it were pretty bummed that they had to pay 10-20$ to send a transaction

PoW is not going to die soon

But if Bitcoin really aims to become a world money used as a universally accepted means of payment as well as a store of value, the PoW is simply inadequate for this purpose in mind. And it is not so much about waste of energy (though it is an important factor and concern on its own) as about too much power being concentrated in too few hands. I refer to miners here. Bitcoin is said to be about decentralization but Bitcoin mining as we know it today is anything but


Title: Re: Future of Bitcoin
Post by: ETHICKNINE on February 02, 2019, 06:30:28 PM
Bitcoin trend will be better and many has concern about bitcoin's future even they have invest or not because today it has become a very popular asset to invest or trade unlike other investing options like real estate or gold due to its huge income level that gives because its high volatility so it is making huge amount of fans and users at the moment and that is why certainly it will continue in the future in a positive manner even the price has dropped in these days


Title: Re: Future of Bitcoin
Post by: shoreno on February 02, 2019, 11:49:47 PM
I got many information from observing my community, there are now progress because there are now stores in my community that are now starting to adopt cryptocurrencies. They are now prefer to use bitcoin than fiat currency because of the fast and better transaction that they are experiencing.

I dont think bitcoin is faster than fiat when used locally . you can just pay directly to the cashier using fiats but when you use bitcoin , you need to open your wallet and do other stuffs  but thats great to see that your coutry is one of those who love and support cryptocurrency  .

 how i wish others will also follow it   because   this might be the solution for the crypto adoption that we'v always been looking for  .


Title: Re: Future of Bitcoin
Post by: Andromedus44 on February 03, 2019, 03:36:30 AM
I don't think Bitcoin is ever going to die out, it is a great store of value and the owner has true ownership of their money as long as they retain access, whether it be a hardware wallet or on a decentralized exchange. As long as they hold the keys and follow safe security. But a lot of these guys are right, BTC needs to go away from PoW, mining takes up too much electricity imho, and I used to have hundreds of them. I'm not sure if PoS or masternodes is the best option, or rather I'm not sure which one.


Title: Re: Future of Bitcoin
Post by: Herbert2020 on February 03, 2019, 05:51:05 AM
I agree with most of the things you say in this topic. If PoW continues in bitcoin, it is surely going to die, PoW already uses too much power and pollutes the Earth a lot if it grows exponentially
When the fees were 10-20$, that sucked so much. The people I told bitcoin about it were pretty bummed that they had to pay 10-20$ to send a transaction

PoW is not going to die soon

But if Bitcoin really aims to become a world money used as a universally accepted means of payment as well as a store of value, the PoW is simply inadequate for this purpose in mind. And it is not so much about waste of energy (though it is an important factor and concern on its own) as about too much power being concentrated in too few hands. I refer to miners here. Bitcoin is said to be about decentralization but Bitcoin mining as we know it today is anything but

you are wrong about mining being centralized because you are confusing mining pools being in a small number with actual miners with mining hardware which are in the thousands and are from all around the world so it is decentralized.

as for PoW, i agree that it is not perfect but compared to all the algorithms it is the best thing that we can have. the flaws in others are more so the downside is worse. as a result unless someone comes up with a decent algorithm, PoW is not going anywhere and it has nothing to do with power consumption.


Title: Re: Future of Bitcoin
Post by: letecia012 on February 03, 2019, 06:35:23 AM
Since I got more knowledge about Bitcoin and Crypto and all that Blockchain stuff I am thinking about it's future. I'm sure, that those crypto/Blockchain Coins will be part of the Future and that maybe they will replace Fiat. But at some points I'm thinking that the Coins which will lead the future won't be the Bitcoin. The Bitcoin is the native Coin, and the most important at the moment. But in some Points I don't see the Future in Bitcoin.

1. During the Hype the transactions costs where at 10$, who wants to pay 10$ if he want to buy a coffee in the coffee shop around the corner. Furthermore the confirmation of those transactions were very slow. It took too much time for daily usage. Sure, Lightning should solve the problem, and all ppl which are involved in it are saying what a nice technic and that it will be the Future. But the not technic customer has no idea how to use it.

2. In my opinion POW-Systems are also not sustainable for the future. In a world where sustainability and environmental friendliness gets more important, POW is a waste of energy. And, it's not even profitable anymore.

3. Decentralization, the best argument for Bitcoin is the decentralization. But it can also be used against the Bitcoin. Because it isn't as decentralized as it should. 5 Pools would have more than 51% of the total hash rate. It sounds not real, that they would do a 51% attack on BTC, but nobody says that it won't happen in the future.

All those are points against the Bitcoin, but I would like to know what you think about.
I do agree as bitcoin price increasing its transaction fee krep increasing also and it should be a burden to the user to pay 10-20$ everytime it execute a successful transaction. In my own opinion xrp would be a good alternative crypto coin though its not decentralized its transaction speed is really fast and transaction fee is very low.


Title: Re: Future of Bitcoin
Post by: deisik on February 03, 2019, 07:47:55 AM
PoW is not going to die soon

But if Bitcoin really aims to become a world money used as a universally accepted means of payment as well as a store of value, the PoW is simply inadequate for this purpose in mind. And it is not so much about waste of energy (though it is an important factor and concern on its own) as about too much power being concentrated in too few hands. I refer to miners here. Bitcoin is said to be about decentralization but Bitcoin mining as we know it today is anything but

you are wrong about mining being centralized because you are confusing mining pools being in a small number with actual miners with mining hardware which are in the thousands and are from all around the world so it is decentralized

You don't know that for certain

Well, we kinda know there are thousands of independent miners across the world but what is their hash rate? How do they stand in respect to mining capacities which belong to mining pools themselves? Strictly speaking, how do we ever know at all that there are these many thousands of miners in the first place? Besides, you can be damn sure that all Chinese mining pools are controlled by the same people. It is sort of a given

as for PoW, i agree that it is not perfect but compared to all the algorithms it is the best thing that we can have. the flaws in others are more so the downside is worse. as a result unless someone comes up with a decent algorithm, PoW is not going anywhere and it has nothing to do with power consumption

It is not about other technologies being sub par, it is about PoW itself not being suitable for anything that could ever count as a remote resemblance to a world money


Title: Re: Future of Bitcoin
Post by: TitanGEL on February 03, 2019, 11:29:28 AM
With the current price and situation of things, most people think of the future of bitcoin as very bleak. However, with the daily improvements, general acceptability and  investments in bitcoin by people, I can tell you that the future of bitcoin is very bright.

Your prediction does not really say the real status of the market and its future.
It's only coming from us, and if we believe the future is bright then we have a good reason to stay and be calm.
Looking at the price now, market is not good but we should not focus on the price alone, we focus more on the fundamentals.
The future of the bitcoin is depend on us. If we keep supporting it then the futute that waiting for us is good. We should not lose our faith on believing bitcoins because it is now proven that its value is continuing rising as time passing by.


Title: Re: Future of Bitcoin
Post by: Gheka on February 03, 2019, 11:48:53 AM
I am very sure that bitcoin will have a very good future, bro. even though the price is now down surely there will be time to rise again. the important thing is that we have to be patient.
Well, and I am sure that what you are sure is no concrete evidence, everything just comes from your belief in bitcoin, and of course I will not believe in the future of bitcoin that you say because the future is something without guarantee, we can not be sure or assert anything in the future. But you say exactly one thing is that we need to be patient when we face value of bitcoin at the present time, although things are still very bad and not optimistic for bitcoin but as long as positive factors appear in the future, bitcoin will increase again and our loss will recover.


Title: Re: Future of Bitcoin
Post by: xWolfx on February 03, 2019, 02:36:57 PM
the future of bitcoin is still not visible to the eye, we can only enjoy it every day and year and I assume that bitcoin will someday advance in the future
No one knows cause we don't make its future alone but the entire community who create its future either be more brighter or staying in dark.
We its journey continue to roll, many changes happen and in a certain thing that we can't eventually speculate the right destiny for this thing. For the main time, we just enjoy and get used for these new technology.

It's truth. What we can do as individuals if we want to help Bitcoin's future is hold and advertise a bit sometimes. People with enough resources could host a Bitcoin node the instructions are in the main website Bitcoin.org. Make sure that your internet plan is not based upon bandwidth spent or calculate those expenses accordingly.

Other than that how can we possibly know? If it's the entire community who will decide that future.


Title: Re: Future of Bitcoin
Post by: jake zyrus on February 05, 2019, 05:03:25 AM
I believe that the future if bitcoin is really brighter than today. Bitcoin will become more useful in the near future because of the continuous growth of the people who use internet and I believe that someday bitcoin will become the most amazing way of payment and investment and many people will surely earn on it.
Me too I believe that future of bitcoin it become more progressive it give us more brighter future that give us successful life. The people who use in internet are growth cause they want to join in investing in cryptocurrency a bitcoin and earned more profit and I also believe that bitcoin in future is more useful in terms of payment.


Title: Re: Future of Bitcoin
Post by: goldexp83 on February 06, 2019, 05:07:39 AM
I think the future is pretty promising! if we looked at the behind the scene investments and money:

-cb insights states a record for blockchain investments by venture capital in 2018
-many institutional players are about to enter from Nasdaq to Fidelity
-many projects working on scalability like Lightcoin and new protocols like grin

its never been the best time to get in crypto!


Title: Re: Future of Bitcoin
Post by: brokens on February 06, 2019, 12:03:56 PM
I see that there are currently many people who use Bitcoin as a form of payment in shopping or other businesses, but why can the price of Bitcoin still not can rise high while many developed countries have allowed Bitcoin as a transaction asset in the shopping trade? I think the future of Bitcoin will be bright if the price of Bitcoin can recover and the price of Altcoin is too follow is recover in the market.


Title: Re: Future of Bitcoin
Post by: dablatair on February 06, 2019, 12:56:45 PM
Hello,

I'm sure we are finally just at the beggining of crypto use and development. We have more and more applications and usage and finally just a small part of the population use it. It will come step by step, applications, people, institutions then it will be use by almost all because it has so many advantages.


Title: Re: Future of Bitcoin
Post by: amonymous on February 06, 2019, 01:07:02 PM
bitcoin is a only one coin which is to the investor Encourages to keep invest.It could they say get good profits from investment in bitcoin and give plays a lot role.Bitcoin has reached to the hands of people in many countries now.so it can be said from bitcoin will be used in many ways in the future.


Title: Re: Future of Bitcoin
Post by: mostcrack on February 06, 2019, 03:44:40 PM
although for now the market situation is not good, which results in some people complaining and giving up. but my view of bitcoin in the future is the same as it used to be, which will continue to grow with time. because now more and more people are familiar with bitcoin, and there are also many who use bitcoin as a means of payment.
it's only a matter of time, we'll see how many people are sorry, because they give up in the difficult phase like now.


Title: Re: Future of Bitcoin
Post by: Pab on February 06, 2019, 07:20:18 PM
Bitcoin sidechain is under active develompent
Bakkt will launch when all that issue with US shutdown will end
Bakkt will serve Bitcoin mass adoption and will create demand from worldwide merchants
Bakkt will cover transaction cost
Fidelity is going to launch in March.Big investors needs secure platform to invest and store his digital assets.Whatever people think Bitcoin is recognized like a good  alternative investment opportunity
I am not talking even about ETF one day it will come


So taking all of that under consideration i see Bitcoin has future


Title: Re: Future of Bitcoin
Post by: Apocalypsis on February 06, 2019, 07:32:53 PM
Bitcoin sidechain is under active develompent
Bakkt will launch when all that issue with US shutdown will end
Bakkt will serve Bitcoin mass adoption and will create demand from worldwide merchants
Bakkt will cover transaction cost
Fidelity is going to launch in March.Big investors needs secure platform to invest and store his digital assets.Whatever people think Bitcoin is recognized like a good  alternative investment opportunity
I am not talking even about ETF one day it will come


So taking all of that under consideration i see Bitcoin has future

Are you referring to liquid? Was thinking Blockstream may use other coins as sidechains. What do you guys thing?