Bitcoin Forum

Hello all,my friends. I think it's time to hear the opinion of the whole forum on this topic. Look what way bitcoin has gone from the beginning of its creation and to the present time. It has gone through everything: the fall, the rise, the hype, the huge theft, disappearing exchanges. But it still holds on and lives. And it holds on you and me as well. And it will live on.
I started reading this forum, when I was a student, and I read Satoshi's last post, but I decided to invest only some years later.
It's a great tool that gives you freedom, and everybody needs it.
But lately they little by little deprive us of this freedom, introducing passport photo, face and whatever else they want at registration on exchanges.
In my opinion, this contradicts all the principles that Satoshi promoted.
Bitcoin should be a tool of freedom and no state should control it.
They want to tax it and they want to control everything and they won't allow money to flow out of their economy.
It pains me that this is coming, but no one can do anything about it.
So I want to ask your opinion.

What do you think will be the fate of bitcoin in the future?

Absolutely. That's why you should avoid centralized exchanges (https://bitcointalk.org/index.php?topic=5393961.msg59818178#msg59818178), and exchange decentrally. It's cheaper, more private, and requires less effort during registration. Downsides are that there's less liquidity, and financial institutions such as Revolut might subject you to money laundering if you're transacting with strangers electronically for big amounts. Exchanging face-to-face unfortunately isn't a realistic option.

You are confusing bitcoin with centralized services that use bitcoin.

Bitcoin has never gone through any theft. Exchanges were hacked and they stole people's money but that has nothing to do with bitcoin.

If you read Satoshi's posts more carefully you'd realize that bitcoin is not created for investment but instead as a currency.

Again this has nothing to do with bitcoin. It is all about exchanges and fiat (ie. banking system used by exchanges)

Not at all. Bitcoin wasn't created to change what centralized services do. It was created so that you have the option to not need the centralized services anymore. If some people decide to still use them, it is their fault not bitcoin's design.

I guess he means that using bitcoin in a centralized manner isn't acceded according to the principles.

Do you know about the transaction fee charged on  decentralized exchanges like uniswap for swapping erc-20 tokens during the previous bull market? Because, if you do, you surely wouldnt call it cheaper. Instead, cex like binance is coming up with offers like "zero spot fee trading". So you decide who is more cheaper.
Moreover, cexes are more user friendly than dex (the orderbooks, the flow, etc. etc..). Whatever we say but reality is dex still got a lot of work to do to compete.. [Im not against it though]

Bitcoin has passed through all the necessary procedures that every new technology would you need to pass through.
The only thing that bitcoin did not utilise very well is the hype you e said about  I can say that bitcoin was not hyped, assuming bitcoin was hyped, it would have exceeded what we see today as adopted.
Bitcoin is more than what everyone see it to be especially the ordinary people that does not have the idea of Bitcoin.

There  is not one depriving you the freedom bitcoin gave you. If you begin to detect for people how to use bitcoin, you are the one limiting their freedom.

The principle is about freedom, which means in order to acquire bitcoin or use bitcoin in any way you don't have to use centralized services including exchanges but you are free to use them or use bitcoin in any centralized manner if you choose.

Consider how a decentralized cryptocurrency like Bitcoin would perform better in the absence of marketing. Because Satoshi simply created and disappeared after configuring everything. There is no one working behind the scenes from the team for Bitcoin adaptation. Many dramas have been made, and many more will be accomplished in the future. However, Bitcoin is still alive and will continue to exist. I'm not sure if another form or current forms should be used. Bitcoin gained popularity as a result of its decentralization, which allows each holder freedom.

My reply goes directly to about exchange, for exchangers to source for your data I would term it from you putting your fund into Centralized exchange which after or before withdrawal they would ask your details for proof of ownership. But if in a case you didn't store your bitcoin on exchange then I don't think any exchange would asked for kyc or data, which is why it's best advisable to store your assets in a self custodian wallet which you may want to have control over instead of exchange. If per say you wanna sell then I can say you could used p2p from trusted, reputable p2p forum provider with them no kyc is needed.

There's no doubt that the future of bitcoin is great but with the intervention of companies, exchanges, and the government, they're doing things that are against the principle of bitcoin.
We can't do anything with that but hopefully, someday, we won't be relying on these exchanges to have our bitcoins exchanged into another currency that we have. Without having the need to comply with the KYC and stuff. Because that's what we don't like with these exchanges.

what is certain is that bitcoin will be more advanced than now, maybe people who didn't like bitcoin before, might start to like bitcoin.
because in the future technology will be more sophisticated, surely everyone in the future will understand more about technology, for example now children have been introduced to cellphones, different from people before, who knew cellphones when they were adults, even a little old.
so that way it is certain, in the future there will be no one who does not know technology, because even from a young age they have been introduced to technology.
and that way, it will definitely have a high impact on the progress of crypto/bitcoin assets.

Bitcoin havn't gone through everything yet, it's just the norms you should expect as with any other currency and talking about centralized exchanges, that's less concerned about bitcoin because bitcoin is meant to be in the wallet that could present us with the keys to access them on the blockchain.


Bitcoin isn't like other cryptocurrencies that some may fail along the line as they were meant to present fake and unrealistic projects through crypto, only bitcoin has come to stay in serving this long term purpose.


Satoshi does not made mention of using any centralized exchanges when introducing bitcoin, he only stayed about having bitcoin on the wallet, which is the best way everyone can have his asset decentralized and secured from third party rendering you with the keys or running a full node transaction.


Hyperbitcoinization

No one can control your Bitcoins and how to spend it or use it if you know how to manage a full node, download an open source wallet, and broadcast the transaction via Tor.

You can buy bitcoin anonymously using:

• Buy gift cards with cash and sell them here or any online forum.
• Cash trading in safe place, hide your face with a mask and glasses.
• Offer online services,
• P2P trading using Bisq.
• Offer digital services like translation, coding,..etc/

I think what you are describing is privacy or anonymity?

Because exchanges are now asking everyone for KYC? like passport photo and other key documents?

It's easy though, if you don't want to do that then used:

https://bisq.network/

But as far as the future of bitcoin is, we are still good, although this is a challenge for everyone, I think we can embrace it. But as I have said, if you don't feel comfortable with it then use DEX.

Although in the current society, government want to control everything including every privacy of each person, but you can still hide it using Bitcoin. Of course it doesn't mean when you use Bitcoin, you can stay anonymous, because there's many requirement that you need to do. Just like learn basic privacy concern to not upload anything about your personal identity to public, using Bisq to trade Bitcoin, using mixer to mix your coins, set your own cold storage etc.

This may sound harsh, but it is true, CEX is much more convenient than DEX and the market would be tough to develop without CEX. It can be said that CEX provides all the necessary services and utilities so that we can use them conveniently and also make a profit in this market. Most newbies will look to CEX instead of DEX, DEX for them is pretty complicated and not user-friendly as well as transaction fees are very high and this is what investors complain about the most. We can only hope that the DEX will improve and upgrade in the future to provide us with better options soon.

You can still use bitcoin without any interference from private corporations and governments. There are some places where you can buy goods with it. You can use P2P and decentralized exchanges. That's still freedom.

Now if we are talking about living using bitcoin alone, it won't be that easy. Let's hope that all our necessities will be soon available by just using bitcoin.

Although I hate this because I came from a very corrupt nation but generally, governments cannot survive without tax. And some business entities might also prefer regulated currencies. Bitcoin will continue to become more valuable in the years to come but there will be more regulations from governments.

BTC users decide for themselves how they want to trade and use their BTC, either they want to lose their privacy in the process and never get it back, or trade decentrally and keep their privacy while using BTC in the proper way. Only centralized services require personal information about you such as your passport before you can use them, if you do not want a company holding such information about you then do not use them.

Banks work just like these crypto centralized services, because they are centralized themselves, and each and everyone of us uses a bank because we just have to, so using BTC in the same way as our banking service makes no sense, one should want to use BTC because they love the pseudonymity and privacy in it: it makes sense that your banks can probably censor you, but your funds in crypto can't be censored because you are fully private and decentralized; but when you use stable coins or centralized exchanges it is all the same thing.

The problem BTC faces is just government trying to regulate it and their attack on the POW algorithm, and they surely know they will not be successful with that, they just use this propaganda to hinder people from using BTC, but just for the short period.

Bitcoin will still remain digital currency in the future for people to continue admiring Bitcoin for not control by the government or politicians in the world, and is free for any government that want to adopt it for their country. There will still be pumping and dumping in the future to allow people to buy bitcoin and hold when the price is low in the market, and sell when the price increase in a way they will be satisfy with the market price at the moment.

As someone who wants to invest in crypto or bitcoin, you may choose whether to buy bitcoin on a centralized or decentralized exchange. It's about how you can accept everything that's going on, including the government's control over exchanges and how you can find comfort in buying those bitcoins.

The government is indeed trying to impose taxes on exchanges because crypto has now become a business that has the potential to get big profits. Hence, this attracts the government's attention to get taxes from the crypto sector on exchange exchanges. This will continue but we also have a decentralized exchange that doesn't need our data to buy bitcoin so we can use it freely.

Bitcoin is still free, the ones that are being forced to do all of those changes are exchanges, and if you do not agree with the way they do things then the solution is obvious you need to stay away from all exchanges which have decided to compromise with the governments and ask for that information, you can still buy bitcoin without going through KYC policies but you will need to pay a premium for the privilege or you could just do some jobs online and get bitcoin in return.

Looking at the current adoption of Brazil to bitcoin as a mode of payment, I think more and more countries will recognize it as an alternative mode of payment.  There may be some issues on accepting it as legal tender but I think we can settle on Bitcoin as an alternative payment.  Regulation on the centralized companies that take advantage of Bitcoin may be tightened and the taxation on profit from Bitcoin will be implemented as well.  The government will be divided into those who accept Bitcoin and those who banned it but eventually, I believe people around the world will acknowledge Bitcoin in its usage as currency and will long for its frictionless transfers that do not require any help from the financial institutions.

The innovation came from Satoshi as a way to eliminate the third parties who eat up huge volume. With the existence of bitcoin, the intermediaries got removed. Now the centralised exchanges have took over the place. At times this looks like a harm and at times it stands supportive.

With majority of the people there is a common thinking, bitcoin is a form of investment from Satoshi. This isn't the truth, it is developed to be a currency that fulfill the requirements that aren't available with the traditional fiat. So, when we think it as a currency at some point there is need of government support to get positioned.

Taxation is all that they are aiming of eversince this technology became popular. It even made an impression to non-crypto users as an easy way to get rich, which I think, made it no longer surprising for government's attention to eye on this growing industry. But at the present, they don't have that much power to control everything and this is because of the decentralized nature of cryptocurrencies. In the future, I think regulation is possible in this technology for Bitcoin and for other cryptocurrencies in order for it to be considered as an offical alternative mode of payment. If that will happen, I think its edge as an asset will decrease because demand won't be as high as the present or past, if it will be more accessible to the public masses. But that's the goal of cryptocurrencies which is to be used on daily transactions so it is quite a win-win.

Bitcoin as the crypto? I don't think that will change, it will still be no. 1 of crypto with the technology and stuff with many events to cover such as next halving in 2024 and other stuff.
But, centralized exchanges using Bitcoin? There will be more of them in the future! More exchanges require you to send your photo and identity to them, so they can use it for their personal benefit and actually need your information in order to fully-used the platform. They feel like it's not a threat, so more exchanges will come with this idea.

It's also some of the countries need it because of the law agreement with the exchange to run at that country, this aspect though we can't do much about it. If it's more adoptions but with limitation then is it good for us?

It is not easy to give an answer of what Bitcoin will be but I can say with certainty that I am not worried about taxation because it was born for this to fight governments.  And I don't even worry about my documents because over time I have learned that there are not only centralized ones but there are other valid solutions, all free kyc.  So I don't expect anything from Bitcoin just to continue exactly what it's doing now.

People completely ignore the decentralisation concept of bitcoin by using these exchanges because for them freedom of funds is just to get away from banks but you are again contradicting with exchange as they also put restrictions on you so you are not getting the desired freedom.The best is to keep your funds in your custody without any of these exchange inclusion which will keep you safe.

That's because the crypto business has become popular and many crypto companies have already benefited, so the government intends to withdraw taxation from this crypto business. And maybe even in the future, we as crypto users are also required to report to the government so they can also tax crypto users. I can't imagine what will happen if the governments of all countries try to apply this to crypto users because they will be forced to disclose all their wealth to the government.

You are free to do so today. Bitcoin does not force you to register on centralized exchanges; you can also still live by the principles that Satoshi preached. Use P2P exchanges and decentralized exchanges. People themselves, yielding to regulators, create more barriers to widespread adoption. We simply go along with those who want to spy on us, interfere, and dictate their terms.

Yes, you are correct, the government tried everything to ban bitcoins, but it seems that it failed and they now want to impose taxes more than they want to ban it, tax is something they crave because they have missed out for years.
Regulations for bitcoin and the market are a certainty, no longer a prediction. I believe the recent incidents are intentional and pre-planned, so that the government has a good reason to intervene in the market. One arrow hits two targets, both taxing and controlling us.

Do not use a wallet from an exchange to store Bitcoins because it will not provide the security we expect. Use a wallet to store Bitcoins like Trezor. Most exchanges require our identity such as a passport or often called KYC. That's why your freedom feels deprived.
Using storage tools like Trezor or others costs a few Dollars, but I don't think it's much if security is more assured.

The future of Bitcoin will be as bright as the morning sun in shining on the world  ;)

Using a DEX can help you hide your identity, but it's not completely secure, so be careful with a DEX, never trust anyone too much.


Exactly, people will usually blame anyone when they lose money on an investment. They often don't take their share of the blame but they forget that no one is forcing them to put money into those exchanges.

The KYC obligation regardless of the sums a person is dealing with is something I find unfair because people can often exchange fiat currencies to a certain point without KYC, and I feel like the legislation should not make it tougher for Bitcoin than for fiat cash. As for taxes, they depend on a country and its legislation heavily, and it is something people should try advocating for relaxing in their countries if the taxes there are unfair.
I think Bitcoin's future is largely as an investment option but also somewhat as a payment method, and it is the future of regulations, but we can try ensuring that the regulations are fair and mild.

What will be the fate of Bitcoin? Well, as someone already said, Bitcon will be Bitcoin.
We do not know what people will do with Bitcoin and frankly, no one is going to know until we start seeing adoption among the masses - if we see large scale adoption in the long term.

Ultimately the decision to utilize Bitcoin lies in the users hands. If you want to transfer money from a country that restricts your finances, you may need to avoid traditional banks and any other third party services. Bitcoin is not just a valid form of currency, it is also a system that can protect your privacy as well. Although governments may want to control it, they cannot. At least not completely. They can control centralized services, but Bitcoin is designed as a Peer-to-Peer cash system and does not depend on centralized services.

It is true that centralized crypto exchanges and services had help alot in promoting Bitcoin, but I do not think that DEX is not convenient to use. DEX can save you the trouble of filling up forms for registration, also saves us from trouble of lots of authentications.  It is not convenient to people who are used to centralized exchanges but to those who are using it, it is more than a breeze because we are able to control almost everything while trading.  Sadly, despite of these advantages of DEX, CEX is still occupy the largest pie on user data. Which I think will continue to flourish even with these LUNA and FTX fiasco repeats to happen.

The government can try all they want but they won't succeed in controlling Bitcoin, they can only discredit Bitcoin now but soon when the adoption rate has increased and people get to know more about Bitcoin then they'll realized that all the government were saying are all false. Bitcoin is freedom and anything that has to do with freedom get fully achieve over time. The adoption of Bitcoin as a global currency is what I see as the future of Bitcoin.

With the recent news of adoption by some big brand names, it's only a matter of time before we achieve full adoption as it was meant to be. At the moment lets just enjoy discussing about the future and price speculations while we wait on time to do its thing. 10 years back, nobody who had predicted Bitcoin to get to this level we're currently and In the future same surprised will be felt.

There is nothing to worry about and think about anymore, Bitcoin will continue to have a better future, be more accepted by society, provide more opportunities, and hopefully be more acceptable in various countries. Bitcoin's value itself is clear, and very worthy, especially as a long-term investment asset. In fact, FUD might be able to make Bitcoin crash, but it will not be able to kill Bitcoin

However, we have seen some countries and companies have mass adoption of Bitcoin itself. We can see the progress so far is so good although there is also increasing FUD. But, look at how the market flows. Everytime the bearish era ended, there will be Bitcoin halving and turned it to the bullish era in which Bitconin price will be skyrocketing again.

Bitcoin would have had some problems at the first or second year of introduction but for it to escape that very tender age and exist for more than 10 years, it means there is nothing that will happen to bitcoin. Bitcoin is totally in the hands of everyone. That is to say bitcoin is 100-percent decentralized and the decentralization of Bitcoin is the highest amour it has to fight its enemies.

For the fact that no two humans can easily agree, group of 100 cannot agree easily, countries cannot agree easily, tribes and races cannot agree easily on one thing. That is the reason why bitcoin will exist and continue to outsmart its enemies. When one person is fighting against bitcoin, thr other person is supporting it. When one group fights to bring bitcoin down, another group of vows to make it blossom. When one government is banning bitcoin another government is adopting it.
With this imbalance in humanity and humanity desire for freedom, bitcoin has a great future.

Bitcoin is still a volatile asset even though countries like el Salvador or brazil have accepted bitcoin as a legal payment method or as an official means of payment but in general people still don't use bitcoin for daily payment, they still consider bitcoin as more of an investment. I don't think people will use bitcoin as currency, bitcoin is still more suitable as an investment. No one wants to sell or use their bitcoins because they see the future of bitcoin as very bright.

Bitcoin is legally valid in El Salvador.  But the people of El Salvador could never accept it because their tax numbers were too high.  And out of 100% people 87% are not in favor of people Bitcoin and rest 13% people are in favor of coin.  Because the government of that country is in favor of Bitcoin, but the number of taxes and VAT is very high, due to which the majority of the population of El Salvador is not in favor of Bitcoin.

See the Bitcoin market crash is not a new thing, if you look at the past years you will see that the Bitcoin market has gone to a worse position.  After the crash of the Luna platform, the Bitcoin market experienced a major decline, but even then the Bitcoin market hovered around $25,000.  Then let's say that the Bitcoin market took a big plunge after the FTX hack, but that's not the end of it.  You wait patiently and watch Bitcoin skyrocket in the coming years.  Many have commented that Bitcoin will be close to $200,000 after 2024.

https://i.imgur.com/fqHcS1f.png

Image source:click (https://www.sofi.com/learn/content/bitcoin-price-history/)

In conclusion, the future generations are very interested in the importance and demand of Bitcoin.  Directly and indirectly people from different parts of the world are realizing the importance of Bitcoin among themselves with the future and growing demand of Bitcoin.  So it can be said that in the amount of supply of next generation bitcoins, all the small investors will not be able to collect bitcoins except the big investors.

I wonder how you can said that, you need to check first El Salvador is tax free for crypto, which mean even you're trading or invest that make profit, they wouldn't tax it. They have income tax and VAT, but it's a different thing if we discuss about Bitcoin. The reason why major of citizens on El Salvador still not favor with Bitcoin is because Nayib Bukele force all businessman to accept Bitcoin regardless they trust or not in Bitcoin. Of course it shouldn't be forced to make people to learn about Bitcoin first, when they already know Bitcoin has a lot advantage, they will trust in Bitcoin 100%.

What you describe has always existed at all times, it was long before bitcoin and will remain, if bitcoin ceases to exist. Bitcoin is just a tool that can be used in different ways, both with good intentions and for committing any atrocities, but it cannot affect human nature in any way and it will not change it in any way. It is not some kind of magic key in negotiations between people or countries.

I think there are still dex out there that is known just like a cex so they must be secure but if there are people who still lose their funds then it can be their problem already. Maybe these people didn't double check the url's that they are visiting and they got phished out.

There are still lots of ways on how we can lose our funds not only through phishing so we must always equip ourselves with knowledge from time to time to be able to avoid them. Regulation in crypto sounds like a bad idea but it also has a benefit. It can greatly lessen the fraud and scams which are happening around but they can still happen like on the case of ftx and others so we must always watch for this and better if we do not keep most of the money on them.

That has been my greatest defence and confident in bitcoin.
As I always say that bitcoin whose foundation is on blockchain cannot be eradicated totally in the world. It could only happen if bitcoin was a Ponzi scheme but it has been proven that bitcoin is not a Ponzi scheme which means even if bitcoin is affected or what we see as bitcoin today no longer exist there will be another form of Bitcoin which is a better version of what we have today. This is because technology will always give us the better version. Satoshi has laid the foundation and the Bitcoin freedom has been tested by many so we cannot actually allow the freedom to go back to the mud.

Are you sure with many commented or predicting about Bitcoin price close to $200,000 after 2024? Looks huge expected with Bitcoin values reach above $200,000 with current price still on $17,000. Left one year half later for seeing 2024 and I don't expected Bitcoin can reach to $200,000 in 2024. This year have complicated problem for Bitcoin have going dump, after Luna crash drastically from $100 become shit coins and still remember with FTX collapse, seems Bitcoin opportunity reaching highest price again need four until six years later.

I sure Bitcoin can reach highest price again and $200,000 still not possibility, but need longer time to see Bitcoin on highest price and make another ATH again one day later.

Some thoughts are beyond time in real life. I think Bitcoin is the product of such thinking. Satoshi was a very clever man, and as a product of that intelligence he conceived what ought to be. The problem is that the ideals that are the solutions of our minds do not correspond 100% with real life today. I look at our world and for now I do not see the possibility of such a thing in the near future, but we are the pioneers of the future and serve in the construction of such a world.

You're didn't understand about anything!

DEX can't hide your identity because they're not using mixer! they just not ask your identity, but they're record your address, email and your IP address (if you're not using Tor). If you say it's not secure to trade using DEX, this mean it's not 100% DEX e.g. uniswap, sushiswap, dydx, etc. If you want to achieve 100% DEX you must use Bisq. Actually it's true we must not trust anyone, but open source DEX can make you to verify the code.

until now Bitcoin has not been used as a legal tender for most countries. government revenue related to the ownership of traded investment assets.
it could have remained anonymous with the intended freedom if Bitcoin was being used as legal tender.
I'm sure you're not the only one with thoughts like this. Some people who hold onto their bitcoins long enough are bound to be bothered by verification on exchanges when they want to trade. however, developing each country must comply with regulations.

Nobody knows the future, but for the best case scenario then I think bitcoin has a very good future. I don't doubt the future of bitcoin as long as the government doesn't ban it, be it adoption, trade, investment and mining. But if all governments agree to ban the points I mentioned, then I will be the first to doubt the future of bitcoin.

As far as we can see now, governments do not ban bitcoin but tend to regulate it for the common good. Although on the one hand it is a little detrimental to the user because of the privacy conflict, in my opinion the regulation is much better than completely banning it. But in essence the government can only regulate users, while they cannot regulate bitcoin so users have the option to maintain privacy properly.

DEX can get information about your identity, what device, OS you use, mobile or desktop.

They use those details to maximize their priority of development, mobile or desktop. Nowadays more people use mobile devices to access platforms to trade, swap or to play GameFi, NFT, Metaverse.

Many people assume that the government will not be able to do anything with bitcoin, which is a misconception. It can be said that the future of bitcoin depends a lot on the government. If most governments get together and ban bitcoin, the future of bitcoin will be a big question mark, so I don't expect people to find a way against them.

I am still determining if regulation is really better for the market. Or just an excuse for them to try to control us more tightly. I also don't like the regulation, but so far the rules are inevitable.

In person I think that Bitcoin will be super influnetial in late 2030 era. Because at that time everything will be super adoptive and their might be new opportunities for users and that will make Crypto more and more advance. And also more and more Bitcoin becomes People's Bitcoin than their will be less chances of it's crash cause there will be more Bitcoin than any other Big influentials.

I think have right side with Bitcoin future depending in the government hands, no doubt if government make bad announcement with Bitcoin side actually many people panic and not care about how much their fund drop for cut loss. Actually still have positive side with several government have allowed Bitcoin as investment assets fund and have few countries only make Bitcoin as legal currency transaction.

Government regulation about Bitcoin legal or not as investment assets or payment currency most important thing for Bitcoin price impact at the future and how long keep exist if government have warning with bad news and banned Bitcoin, absolutely the future of Bitcoin not only depending from holder but also have impact with government interference.

Even if I don't see the future, I have the feeling that bitcoin will be with Humanity for so many years. This is because bitcoin is new and has already made big impact to the extent that companies and even governments have started adopting it. Even some government did not only adopt it, they also made it their legal tender. This is a good sign that bitcoin has a very bright future. What I normally do is to teach my relatives about bitcoin because no one knows how things will play out in the future and bitcoin will become a universal exchange means.

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It does not matter, that it continues to be as volatile as possible, it is the most beautiful way to not be the same as the other markets where everything is based on the opinions of economists who are wrong due to the situations of the world, it is better that there is not much power of prediction and that everything is always a surprise, it does not matter that the price always goes down, the price will go up and those of us who believe in bitcoin will have profits and that is the future for me, the normal money that we know is fleeting and devaluable and it degrades, bitcoin does not degrade or devalue, and the more you have, the more options you have to be millionaires.

True, but we are talking about the future of Bitcoin.  The present Bitcoin market does not represent the future market of Bitcoin.  Who knows, the once high volatile market of Bitcoin may possibly become a stable market when the adoption process is complete and all coins are mined out.  Not because Bitcoin price today is highly volatile, it doesn't mean that it will stay that way.  


The perfection of LN can enable people to use bitcoin as payment.  It is true that many people consider Bitcoin as an investment, even USD is also considered as an investment for those who are engaged in FOREX.  


People are already using Bitcoin as a currency, they used it as mode of payment and even El Salvador acknowledges it as Legal tender.  My country accepts BTC as a mode of payment and now Brazil also do the same.

With these countries being involved and accept Bitcoin as legal tender or mode of payment, I doubt there is no people use it as currency.

Bitcoin is accepted in your country but are you really using it as a payment method or are you just trying to accumulate more in the hope of getting rich in the future and everyone is thinking the same as you. El Salvador accepts bitcoin as legal tender, but their government only invests bitcoin for profit, they don't use it to pay for anything in import and export or turn it into a national reserve asset. All just want to invest to expect a profit when it increases in price.

El Salvador has implemented a policy on Bitcoin that has nothing to do with mass adoption.  They have only encouraged the use through the drop of some Satoshi to those who would have downloaded Chivo because they knew very well that with the starving people many would have done it.  But they also knew that after a few months many would abandon Bitcoin because they don't have the right education, but in doing so they have ignited tourism that was unthinkable for them until a year ago.
And not only that, they are accumulating satoshis because they know the value of Bitcoin well and want to exploit it by playing in advance, a pity for them that they are too poor a country for something to happen.  Who knows maybe over time.

I think the biggest enemies of Bitcoin are those who are trying to centralize Bitcoin as much as possible, because people in the end may accept their laws because of their need of using Bitcoin, governments are trying to make tasks on crypto and that's the meaning of centralization while the principal of Bitcoin is full decentralization

I think Bitcoin will end up as the world's alternative money. Nations will still have their fiat and that will be used a lot but plenty of people will use bitcoin some of the time and some people will largely only use bitcoin. People will also tend to save in Bitcoin rather than in fiat. And Bitcoin will replace Gold as the world's main store of value. Obviously it will continue to conpete with stocks viewed as an investment vehicle as well.

LN and perhaps later payment solutions will allow Bitcoin to be used the same as credit cards are today, but cheaper and faster and of course better in general.

Eventually i would expect all Democratic free nations to adopt legislation that doesnt tax small purchases so that you dont have to track every purchase you make with bitcoin for taxes.

Nations and states and cities may mine bitcoin with clean energy to create extra income for government. But more importantly it'll become standard for every power plant to have bitcoin miners running on location to help strengthen the economics of power production and to enable power plants to no longer waste enormous amounts of electricity.

I could see some nations start to move away from a USD international monetary standard to a bitcoin standard to be less subject to the whims of the US. It might even become fairly standard to use bitcoin in international trade to move billions of dollars around per day.

It'll be normal for corporations that have plenty of cash on hand to store some of their cash long term in Bitcoin in order to grow their assets.

Bitcoin will become a standard item in Wall St and other countries financial centers. It'll be a normal thing to hold bitcoin in an individuals investment portfolio, IRA, 401k, etc.

The industry will start to switch from centralized on/off ramps to more decentralized and private ways to get in and out of Bitcoin. There will also be a lot more services for bitcoin to support the ecosystem.

This will all take decades though. Maybe by 2050 this could be the reality for Bitcoin.

Although bitcoin is decentralized, we need to know that bitcoin relies on the internet and power to work, and all of that is controlled by the government. If they really put bitcoin on the list as a threat to national security and harm to the world. I think they have all the ways to stop bitcoin altogether, unlike many people who think the government is losing the war on bitcoin.
In the end, as _BlackStar said, regulation is much better than the ban. We will soon have regulations for the market, what I wish is that they will not stifle its volatility.

Don't worry about Bitcoin. The future of Bitcoin is very bright. This is the most trending currency or the most famous currency of the world. So, don't worry about its future.But the pump and dump in their price is a natural way. Because some people's buy it at that time and some people's sell it at that time .
Bitcoin price is fluctuating very much. So, that's why trade with full care

They really don't. Internet is something that they can't control, they can shut it down if they want to give it a try but can you imagine shut down the whole internet? This isn't north Korea, they can2t do that, it would have horrible outcome.

We are talking about literally one hour of no internet causing billions in losses and that's why they can't do it. They can't control it neither, as long as they give us the internet, we can hide what we do and then we can do whatever we want to. However, none of these matters because I am sure that we are going to be fine, and that's not going to be a trouble for any of us, it should be an easy way of handling it.

The internet is what they make, it's not decentralized so that they can shut it down, but I agree with you if they do, it will cause a lot of damage to the global economy. It's almost like Elon threatening to stop providing the internet to Ukraine, they can still do it if it's really necessary. But things will not be that bad, the regulations are enough for them to control us without any other measures, IMO.
The government is still the ultimate power in this world, I hope we don't try to go against them, it's not in our favor.

Advance in terms of value e.g price but not on its technology because it seems that btc isn't being updated like what we have seen on other coins but I think that is because its developer satoshi is not active anymore but this isn't a big problem as btc is still doing fine.

The problem is in the people who think btc has a problem and not with btc. The truth is, btc future is uncertain or even the world and our life. We do not know what can happen next. I think the best thing that we can do is to not worry about the future and just focus on what we have today. We are still doing fine, the world, and btc do still have it's own value. We need to be contented with it.

What we do know is that all processes that require passports and other identification apply to exchanges and many exchanges require that as a requirement so that we can carry out trading activities. For me it's enough just to buy or sell me without having to store assets there.

Long before today, there was a trend from ICO to NFT. The Bitcoin position is still running. If Bitcoin has been through tumbling, rising etc then we think it will continue.

Insisting on KYC in crypto they just motivate people to develop better DEX decisions. Because Bitcoin is about anonymity and giving personal data to everyone is definitely not what we expect from crypto. DEXes become better and better and someday, I'm sure, they will work as good as CEXes nowadays and even better.

I don't want to say right away that it's right or it's wrong. As long as we are actively involved here, indeed the journey of each hype will naturally be abandoned even though they motivate people to make their company progress. I think people are very understanding with this situation and with unexpected things like FTX happening.
That's why I said that every KYC request by them is just enough to buy and sell, not to store assets because it can be dangerous.

Although centralized exchanges are going against the decentralized nature that bitcoin creates, to be honest, I am skeptical about the development of DEX. DEX is not new in the market, but it hasn't improved much over the years, maybe our technology is limited to build a DEX like CEX to provide full features. Not to mention the increasingly dense regulations, if the DEX grows, the government will inevitably look at it. They can also find a way to crash or ban as they did with tornado cash mixers or privacy coins.

All crypto market is just few years. Most technologies take tens of years to develop to a good level. And we have no other way because extremely regulated crypto will be worse version of classical financial system and then why not to use a classical system directly? Decentralization is the main thing in crypto making it a competitive alternative. So if we need to wait when devs will invent some new way of DEX working, we'll wait. :)

The Bitcoin market has seen a lot of changes from day to day. Alternative taxes have changed the market and Bitcoin's popularity has greatly increased. Currently the Bitcoin market is not doing so well but we have seen Bitcoin alternatives happen over the years. The market does not stand still but always goes up and down. However, it is expected that the Bitcoin market will reach its highest level in the future. Enough time to invest Bitcoin in this market.

Market not doing well indicates only what the traders are doing, not how the development or popularity of bitcoin is. There has been certain negative events that have shaken the market towards the end of this year and this is a continuation of that affecting the entire crypto market. But the development of bitcoin is ongoing and rarely looked up by users of bitcoin.

There is no such thing as "alternative to bitcoin" - because that would have broken the market if such a thing truly were discovered. Instead altcoins are cheap attempts to copy what bitcoin succeeded in doing by people who have their own interests in the market. Please use these terms with caution as they can imply different meanings.

Hence for me, the future of bitcoin is bright but slow and the grind is long. But comparing what bitcoin was when I first entered the market around 2016 to what it is today in 2022, I am happy to see the progress.

Your prediction may be correct, but just looking at the present we have seen the successes that bitcoin has achieved, so it can be assured that the future of bitcoin is very bright. I remember a few years ago the market was only retail investors but now look at bitcoin invested by corporations even countries participate in bitcoin investing. It's an incredible growth that no other asset has, it's growing exponentially.

I'm of the same opinion as well. "Good money drives out bad money".

I don't think that it'll be viable for the government to collect taxes from Bitcoin-accepting businesses (specifically, due to their bitcoin acceptance). For the same reason they can't do much with cash, merchants who'll want to avoid taxation will not report Bitcoin transactions accurately (again, in the same way they do it with cash).

Sounds romantic unfortunately. But it may be me who prefers being pessimistic than optimistic.

agreed. Although I would argue about DEX being a little more safer than CEX. There is a debate to be made regarding the security of both, and frankly speaking I think a number of CEX are more established and more well-funded. Thus, they offer more safety than their decentralized counterparts. Binance for one is a little more secure given that they have a well-meaning paper that is open for everyone to see, a couple features that will help them when push comes to shove, and openness to their customers in all ways. DEXs that are reputable come sparingly, and thus far the only DEXs I continue to trust are Uniswap and PancakeSwap.

Bitcoin is a digital currency which everybody know how the for it to remain a digital currency is because of a technology so if you do technology fails today or tomorrow but then another technology come up it can be eliminated but it is that where that bitcoin is a digital currency digital currency is something that will continue to be moving because the world is going digitally

The situation on the market is very difficult now, and if we evaluate all the risks, then I can say that I am now confident only in bitcoin. It is difficult to say that we have already reached the bottom because I see that now there are problems with binance, and this may lead to a further fall of the entire market and many shitcoins may not survive in this meat grinder. But I am sure that bitcoin will survive these difficult times and will rise when the bull market comes.

The future of bitcoin will be good even if the current market conditions are bad it will rise again although bitcoin is not recognized as a currency in many countries yet, it is rapidly gaining popularity in the blockchain technology transaction process. Central banks of various countries have taken the initiative to formulate policies for the use of bitcoin. In the next few years the place of online transactions will be completely occupied by various cryptocurrencies or digital currencies.

After rain comes sunshine , The future of Bitcoin will definitely be bright regardless of what is currently going on right now.
We really need to start focusing on what will come in the future for Bitcoin rather than to be bothered with what the market is doing.
Bitcoin has come to stay and I don't think it's going anywhere.

Of course, we will wait, all bitcoin users wish to have a fully featured decentralized exchange like centralized exchanges, it is the community's dream. But like I said, regulations are getting more and more, and once bitcoin gets bigger, governments will be more interested in bitcoin. I'm afraid they will find a way to stop the growth of DEXs the same way they prevent mixers. After all, we can't go against the government, we can only hope they're not too harsh on us.

I think the future is precisely the worry of many people regarding this market and more specifically about bitcoin, due to all the recent events which have been happening on the market a new series of regulations are probably coming which will try to curb the freedom and the privacy of its users, and depending on how harsh those new regulations are people are worried about the viability of this market.

And while I have no doubts bitcoin will survive, we have yet to see if centralized exchanges can deal with those new regulations, because if they keep collapsing then it would not be long until the price begins to go down once again, which in return could increase the strenght of the upcoming regulations.

Based on historic data of bitcoin its not the first time bitcoin has gone bearish. Every time bitcoin goes down, it rose up much harder (at least the previous data said so). I think rather then criticizing bitcoin its high time one must accumulate bitcoin. Binance is under pressure but that doesn't mean bitcoin is under pressure, that's the beauty of Bitcoin since it was created to remain decentralized. I don't know what will be outcome of Binance case but one thing is clear that it wont affect Bitcoin in any way.   

It is difficult to predict the future of any technology, let alone something as complex and volatile as Bitcoin. However, it is worth noting that Bitcoin has been around for over a decade and has shown remarkable resilience despite facing many challenges and obstacles. As with any new technology, there will likely be ups and downs, but the future of Bitcoin looks promising overall.

We all seem to agree that bitcoin still has a bright future to look forward to. But somehow the question about the future of bitcoin keeps popping up every time bitcoin loses its price, is this question really needed? Or are people really worried about the future of bitcoin, or are they really worried about the value of the investment in bitcoin?

We have actually seen how bitcoin made history and it continues to do so. Currently bitcoin is in a downward cycle where the price correction has reached 75%, but time will prove even this cycle will reverse and bitcoin will record a new history again. This is one of my beliefs about bitcoin, and so far I have never stopped being amazed by it that I will always consider it as an investment for the future.

If you look at the condition of bitcoin movement for more than a decade, I don't think there is any doubt about them. Even though there will be new technology later, replacing bitcoin is clearly not going to be easy. In fact, I doubt that for the next few years there will be something like this.

We don't know what will happen in the future, but in this case of course we know that as long as bitcoin is standing then it is a good thing, regardless of the ups and downs that are normal because in any case it will happen that way . this and this is precisely what makes bitcoin stronger.

Because we are investing in bitcoin, we will agree and believe that the future of bitcoin is very bright. Questions like these are really too familiar or boring for us, but for newbies, they love to be heard. I was once a newbie like them, and once my faith was shaken, I was always looking for answers to questions about the future of bitcoin. So I think it's essential for newbies, they need to be encouraged, comforted, and know the truth about bitcoin, that bitcoin has a bright future, investing in bitcoin will never make them regret it.

It's important to have a faith on the assets that you are investing so that you won't be distracted and fail to stick on the plan. In all types of investments ex. crypto and stocks, there must always be two types of them and that is short and long term. We need to know if our coin has the potential for long term or not.

BTC is already proven to be a coin for the long term. There is no need to do about it but for the new coins, meme coins, and the like. They are only good at short term. Being a newbie isn't an excuse to question the ability of the coin but they can always do a research before they talk negatively here or on other websites.

How to know the future of any technology is to measure the impact of that very technology in the present time it is being a used. When you look at bitcoin impact at this time it has existed you will know that bitcoin has made many millionaires. Bitcoin has also brought out new method of payment and  bitcoin has also banked the unbanked.
So we have seen the level which Bitcoin has impacted in the present time. There is no doubt that the future of Bitcoin is bright and this brightness could only be felt by  bitcoiners who are already occupied in the system.

Bitcoin will for sure become insignificant and leave room to truly private coins like xmr, it will stay in history as a huge innovation but it's certain it will disappear and not in the far future, probably within 5 max 10 years.
More and more p2p exchanges will emerge and a true decentralization will take place.

On and off-ramp is vital. And for now, we need CEX for efficient on and off-ramp.
When Bitcoin has been accepted in more offline stores, what goes into crypto, stays in crypto. Maybe in the next five years. Hopefully
So I suppose it depends on how we want to use our crypto. Holding or spending.

I got asked why I think so:

I just make few examples: is the first automobile that was ever produced still in use? Is the first paper currency ever made still in circulation? No, and so on...

It's simply a matter of progress, what is initially invented inevitably gets improved upon and, depending on the circumstances, slowly or quickly put aside.

That's a fact mate, and I certainly agree with you in that sentiment.

We all know that Bitcoin will recover because it always will and for the past 10+ years, Bitcoin has been doubted numerously but still it always proved to us its utility and its purpose, and that is why up until now Bitcoin is still alive. Even the veteran investors who don't really know the future of bitcoin still chose to trust it despite of the current situations, why? Because they know that it will repeat its history and will bless all who trust it. So, there's really nothing to be worried about.