Bitcoin Forum

Would you agree or not?

Bitcoin Only Needs Two Years (http://bitforum.info/t/give-bitcoin-two-years-said-andreas-antonopoulos/247?u=angelo)


Hmmmm... I respect the guy yeah.. But I do not know where his information came from.
2 years might be a little bold.. Maybe give it 3-5 years. I am still having doubt about that.

What do you think?

Another link to another website, but citing the same story:

http://insidebitcoins.com/news/andreas-antonopoulos-give-bitcoin-two-years/29708

Hey, if the man says "Jump" you jump!  If he says just wait 2 years, you wait!   :P

The guy knows what he's talking about, and always breaks it down so everyone in the room can understand.

Hard to argue with this quote:

Give 2 years for what ?

To maybe finally break into the mainstream?
Sudden increase of Bitcoin adoption?

I'm happy if we make it past April.

If someone with his stature and reputation is telling me to give only 2 years, I'll definitely go with it and in fact, it's a bonus. I've personally placed a 5 years target though.

Really?
What do you mean past April?
Are you saying that by April, there's a possibility that Bitcoin would drop rock bottom?

-To grow up
-To mature
-To be a stable store of value
-To be ubiquitous with e-money or e-cash
-To be in the public eye
-To be used in almost every store, restaurant, site, sector, and industry
-To be used by the rich and wealthy, as well as the common man alike

I agree, that guy knows Bitcoin better than most of us do, I believe. Things need time to mature and we can't expect new inventions and improvements in Bitcoin to work perfectly withing weeks. We wouldn't be where we are now with Bitcoin if we hadn't gone through all the ups and downs over the past few years!

Things are moving at blazing speeds lately. One week in modern times is a year a decade ago. Its plausible.

I don't think Bitcoin will necessarily be successful and achieve mainstream-usage. I always thought of it being good at finding niche-usages and solving problems that aren't even apparent before. But even if it was just good as a way of storing value and hedging against political or economic fluctuations, I believe it will do just fine! :)

Two years sound very bold but believeable. Seeing how bitcoin adoption improved in the last 12 months, it is reasonable to predict we will have a breakthrough in two years.

Bitcoin needs 10+ years. The mining reward is just too high anytime before that for the price to hold any new highs.

Not totally crash but go below 100? easily.. so i hope Andreas is right.

Really? You still Hodling right now or not?
Hmmmm. Let me put this post and comment in my reminder.

I hope two years are enough to complete a good expansion phase

I think it will at least rise above 200 by two years from now.

Whether it is 2 years, 10 years, or 50 years... none of it concerns me ... there are much bigger stakes and goals here than some short term speculative investment. 

There are many of us that are in it for the long haul and that's why bitcoin will succeed ... we won't give up.

another two years until somebody can finally tell the "stupid masses" what bitcoin is good for and why they need it?

Everyone who is predicting that bitcoin need 10+ years doesnt know what theyre saying.

I think in 2 years people will start catching up, but it will take at least 10 years for BTC to surpass all other electronic payment methods and have a super high solid price.

Can we price it in already then?

Two years is a respectable wait. I think the block halving in 2016 could be a big moment, but think we should really gain some traction with merchant over the next 18 months or so. Here's hoping.

Yeah, 2 years is probably pretty right on. Enough time for the bad news of the last 2 years to be eclipsed by the other real-world advantages. Plus the halving, plus real world events demonstrating BTC's value, plus adoption in markets such as Africa.

It will be a rocky 2 years though. Fasten seatbelts!

2 years is nothing.
You should all HODL a certain amount of coins for 10 years & see what happens then.
It might make you wealthy.
Don't listen to all the trolls, bears & doom mongers.

Indeed, but 2 years is a big big time in todays situation. So many goverment changes, so many crucial decisions that could cause tons of bailouts henceforth making bitcoin known as an alternative. interesting times.

2 years until all businesses stop insta-dumping all their BTC payments on the markets and the absolute lowest price floor gets back to where it should be, $1250 USD/BTC?

I'm HODLING a decent stash in the desperate hope it'll make my life comfortable one day.
I can wait upto 20 years I reckon.

Maybe there will be clear bitcoin movements during that time.

Let the bull market commence! Andreas the bear slayer.

I would agee with Andreas. Its very safe bet, because if not in this year, surely in next bitcoin will explode. Noone can stop it.
So again, very safe bet Andreas :)

I think coming from him, the prediction holds a lot of weight. He is one of the major voices within the bitcoin ecosystem and when he shares some exciting news like this, people should listen.

he is just another "shark" part of a gang.nothing more. don't be a dreamer. everybody wants only the money. nobody gives a shit on ecosystem ass. :)

+1

What is bitcoin gonna do in the next 2 (or 5) years that it hasn't been able to do in the last six? Happy to hear the reasons justifying predictions.

That doesn't sound like great optimism coming from a Legendary member. :(

A lot.
Bitcoin has never attained mainstream attention and mass adoption is still not happening.

Legendary members should be the ones that will lead us from all this.

Well for one, the protocol has been mainly used as a currency. The other uses for example "Smart contracts" has not been fully utilized and when people understand and start to use it, BTC would grow much faster.

The remittance market, has huge potential for BTC ... IF you can keep people from converting to fiat. The biggest saving for these people are the direct transfer of BTC from person to person directly, and then for them to use the currency in it's original form. {Paying bills etc with BTC}

That would increase the demand for BTC and also a huge increase in the price.  ;)

So a lot of things can still happen, if BTC is developed and implemented in the right way.

Do you know how few people still know about it?

Here in europe for instance it's not that known.

Not just in Europe.
In Asia, Australia still not that big.

I think that success or failure of bitcoin depends not on average, small users but on ''big'' merchants.
If big online companies accept bitcoin as payment tool, and through this process bitcoin become mainstream, many other people will naturally follow and start using it.
Why not?
But, right now, average user don't have many opportunities to spend bitcoin and its value is very unstable.

He is waiting surely the next block reward halving,  the price and the adoption will rise .....

Yes and No ---- Big companies bring possible NEW adopters, but it's counter productive to the success of that, when these companies convert directly back to fiat.

It just dumps loads of BTC back onto exchanges and that force a situation where the supply is more than the demand, and then the price of BTC goes down.

There are a lot of butt hurt legendary members who bought hundreds maybe thousands of BTC very early but sold far too early missing the chance to become multi, multi millionaires.

They probably want to see BTC fail because it reminds them of the life they should be living now instead of the miserable one they are.

I almost forgot about the blockhalving. :)

And some may have sold their accounts to make a little of that money back.


It's not guaranteed to rise but hopefully should because of supply and demand but maybe the demand will not be that great by then. We can only wait and see.

Yes I know, but if the adoption will rise also the price will rise (or at least that's how should it work). However you are right, we have only to wait and see what will happen.

i tried using it in thailand just for kicks at some of the largest dept stores and they had no fucking clue what it is,most of them didnt even want a visa card becaused of the 3% charge they would rather just have the cash  ,i expect other countries in SE ASIA are all the same

On the contrary, there are those who honestly would love to have the life security of the money so that they could just focus on developing out the technology, versus working a job that they hate.

How big is the words of Andreas really?

You tried using bitcoin at the department stores? I think most stores wont accept bitcoin at the moment though this could change over time but I think it'll take longer than 2 years for that, though I think btc will have grown considerably in that period.

Good..Now do that in a span of two years.

Hmm... but in two more years will he be saying another two more years? I would like to think he's right but I've got a feeling bitcoin is going to have a very slow growth, but one I'm willing to wait for.

Andreas' themetune: https://www.youtube.com/watch?v=hyjV9hDNRvQ

There's only two more years, so hold hodl on.

Even in the U.S. I'm surprised by how many people don't know anything about it. I was actually just at a programming camp, a place you'd think would have a bunch of bitcoin enthusiasts. Well, a friend of mine gave an intro talk on Bitcoin, and we had a full classroom of people, with many of them who really didn't know much, if anything, about it coming in.

Adoption rate was much lower during the early years and I expect things to pick up further. Something like an exponential graph rather than a linear straight line of growth.

Personally I'd say give bitcoin five more years, but I don't think a lot of people will want to hear that or even wait that long. I think the price will have risen considerably within 2 years and the block halving should make coins scarcer but it's still going to take a while for big merchants and the general public to get involved.

Coins being scarcer means nothing without demand.
Let's just hope in 2 years there is a breakthrough in adoption.

I'll give it 5-10 years or even more. Bitcoin has built a new paradigm for trading and even for living.
So many things in science fictions have come into being. God knows what role bitcoin will play in future human life.

I don't think bitcoin will survive another two years.

LOL. Quoted to bump in 2 years. You guys will never learn right? Enjoy missing the boat twice.

Hopefully there will be much more demand in a couple of years time. I think there will be.


I think bitcoin will see a several fold gain within 2 years, within five it will have gone to a few thousand and hopefully within ten it will be very mainstream and the price will be ridiculous. Of course this is all wishful thinking, however.

there are only 1 MIL BTC users worldwide and up to 200K are using BTC daily . :)

BTC is a tinny system but with a lot of propaganda(many so called media websites and few "sharks:- directly interested in BTC- who pay for advertising in few big media groups)

Starting from when?

Mt. Gox started trading Bitcoins four years ago.

Hmm.. two years sound short. No really.. It depend on what 'changes' he think Bitcoin would have. If he was talking about price, I doubt it is true. If he was talking about adoption of Bitcoin, I think it is true. Bitcoin will be adopted by many in the next two years. However for the price..

WOW 2 years and game is over :)
So many catastrophic predictions on this forum recently only because price of the BTC is very low at the moment.
I can't say 100 % what will happen next but right now I think that is very good time to buy BTC and earn some profit later.
We just need a few ''big'' names like Google or FB, to accept us and attract interest of public, and we will rock again!
Some rumors on this forum predict that this may happen soon.
Even in unlikely scenario that BTC really collapse, I think that this will happen in much longer period, not just 2 years.

If adoption is higher, I suppose with more demand that would most likely have positive impact on the price. If that is what he meant in the first place even though he didn't directly imply price

Two years from now, though I don't know why he or anyone else makes these sort of baseless predictions. If they're wrong they look pretty silly so that's why I stay out of speculating on the price or rate of adoption. We can only wait and see what the future holds.

2 years and then what?

maybe he's so sure about it that he decides it's a safe enough bet.

and i think he's right.

It's a pretty risky thing to say for your reputation, but indeed in two years, bitcoin should be pretty much established, or well on it's way.

2 years to announce it'll take another 2 years for Bitcoin to reach mass effect!

https://www.bit-keys.com/wp-content/uploads/2014/08/Mass-Effect-2-Digital-Delux-Edition_1264724328-00.jpg

That's when Commander Sheppard is able to use Bitcoin to buy beer at the Citadel bar.

in two years time we would have reached the halving and i believe we should see something when that happens.

My thoughts exactly, I was thinking more 2021 for mainstream. But it's like a volcano waiting to erupt, we have only felt tremors (rapid rise to 1,000, and slow fall) so far and the true explosion could be sudden.

People need to get it out of your heads that "dropping rock bottom" means anything.  Bitcoin could go to $0.50 tomorrow and that wouldn't mean the end of Bitcoin. As long as there are hundreds of millions in funding and thousands of startups building out the infrastructure, Bitcoin does not end.  As Satoshi put it - as long as there are users, Bitcoin continues. 

The price has NOTHING to do with Bitcoins future success or failure.   The infrastructure does.

If / when I see businesses dropping out and infrastructure development stopping, that's when I get concerned.  Not a minute before.

-B-

He's giving bitcoin two years to do what? To propose to him? To "go to the moon"? To be accepted by x% of retailers?

What Andreas thinks will happen in two years is irrelevant. He knows no more than I do what Bitcoin will be in two years. What would be relevant is for Andreas to work with retailers to get bitcoin accepted in more stores. I'm not sure that he's really doing that at all. He's doing great things to help people that are already in "the know" but we need the people that are unaware of bitcoin's attributes.

Well there definitely aren't "thousands of startups building out the infrastructure"....

I guess it means two years until the mainstream public gets legitimatelly interested on it. In two years a lot of things will change and people may start looking into banking alternatives.

Andreas is a dick who is not worth any of my time.

Why the hate tho?

2 years is a very good perspective for bitcoin, all the goverment changes that are coming specially in europe will show the regular population how weak fiat is.

He does look like a vampire in some pics but I think in general hes done a lot more for btc than most of the people here who don't like him

Why is he a dick anyway?

Yes, please elaborate. He comes across as calm and patient to me...
Maybe just random fire hate?

Anyone that thinks Andreas Antonopolous is a dick, clown, buffoon, idiot, conman, or just random hate should get their Bitcointalk member card revoked.

Guy's done more for this community than all of us combined.  Let's all pay respects to the prophet...

https://i.imgur.com/BF4kg6u.jpg

As with all road maps longterm short term goals, they will always lag behind a little but imo he is not far off i would give it 2-4 years.

Read an article saying pokerstars is in the process of integrating it if this is true it will be massive for btc online poker is what i believe will start the process of getting it to mainstream alot faster than it would otherwise.

Millions watch and play online poker who will quickly understand the value of it and from there will be a snowball effect
 

Is this at all like giving two years bitcoins?    :D

Bitcoin need all the years.
Because it is here to staay!

And then what will happen in 2 years?

Consolidation of the bitcoin price showing resilience and building trust upon investors.

Do you have to ask?

https://simonsblogpark.com/onlinegambling/wp-content/uploads/2014/07/bitcoin_litecoin_casino_gambling.gif

I remember when we saw this in MTGox as it hit 1k. I wonder what image the exchanges will use when we hit 10K in the next 3 years lol.

I think that two years is a little bold. It will take more years than that for mass adoption. It still has to break free from all the negativity from the early years. Then people have to trust it more than gold and cold hard cash and that won't be easy to come by, at least not straight away. I feel even 5-7 years may be needed. Regardless, we are still early adopters.

We never know, it might show some decent stabilization in 2 years i think

He's not saying mass adoption will happen in two years. He's saying give it two years for it to get rolling. I think if you look at how fast technology moves and all the money going into bitcoin tech and start ups 2 years is a fair speculation, though I agree it'll likely take around 5 or so to make its way further into the mainstream.

To be completely fair, Andreas predicted 2014 would be the year Bitcoin would take off, because at the end of 2013 there were hundreds of startups getting their businesses rolling, and they would begin to do business mid 2014, as well as wall street jumping in full steam around mid 2014.

None of that happened. 

But the cool thing about Andreas is that he admits he only knows what he knows at any given time, just like the rest of us.  So he has now revised his prediction based on new information.  I guess my point is - nobody really knows in the end. 

-B-

And what will happen in two years? HMmmm?

bitcoin reward halving, amung other things, regulations will surely come much sooner, so the clients will feel more secure in investing and holding their funds.
two years is quite a long time, who knows what more will happen, whales will have enough time to silently buy large portions of bitcoin maybe ?

cheers

I wouldn't say just 2 years would be enough but yes it will give us some good news hopefully :)

Indeed lots of things will change in two years, but its a mix of pure hype and based reasons to believe.

Andreas is a bitcoin God.

That is why I believe him.

2 Years sounds pretty good to me , seeing the fast increase in media and science , more people will join and thus making BTC better

in all likelyhood he knows more than most of us about the businesses and services and new startups that will be launched inside the next 2 yrs so his predictions maybe more accurate than people think

i thought i knew a fair bit about btc a few years back until i watched a long  video  podcast and A.A was talking about things i didnt know existed back then that are common knowledge now , blockchain voting and multisig security and smart contracts  and many others were among the things i knew nothing about

he may be privvy to info about developments  that havent  been released yet too ,these are exciting times  gentlemen :)

Get a point of sale system that is widely adopted, and Bitcoin would take off in a couple of months.

I would say that two years is enough to show the true potential of Bitcoin to many.

Why does he have to say that?
To make us hope? I just wish he is right.

No, he doesn't say this to make us hope this or that.

He says this, because he knows.  He's involved with alot of different projects and works behinds the scenes with several of these startup and tech companies, so he knows what kind of money and investing is being thrown around (hundreds of millions of dollars).  He knows what kind of talent and geniuses are working at these firms to greenlight these projects.

It's not just dumb rhethoric and blowing smoke up everyone's ass.  There's more money and development being poured into Bitcoin related projects now, then there ever was at the year 6 marker for the Internet in the early 1990's...

2 years is indeed , way to quick. People are rushing remember that usd for example is waaay older than bitcoin.
A currency doesnt only need to be good , it needs to get people to change to their currency. and we're humans , it takes alot of time for some to change.

rewind back to  two years ago and see how much progress can be made in 2 years =$2 bitcoins

fast forward two years and the progress could be $2k or even $10k bitcoins.........

Well we live on a (supposedly) free country and he is free to make any prediction, and a 2 year positive prediction is objectively correct given our current coordinates.

I believe the guy.

If you are aware of whats happening to bitcoin right now. You will know that this guy knows where Bitcoin will be in 2 years time.

Bitcoin is already here (obviously) for those in the know. Mass adoption isn't going to come in the form we thought it would with everyone adopting Bitcoin and exiting the established financial system. It will be in the protocols, it will be what CS majors need to study especially if they want to find a job in the future financial markets.

This. I think the NCR's of the world hold they key to that. If they can be prevailed upon to include crypto currencies as an option in their current POS systems and make accounting simpler it becomes an easy choice for business owners. I work in the merchant processing industry and I can tell you first hand that mom an pop business are sick of visa, MC, Amex et. al.

But it doesn't matter what mom and pop thinks. If it did, Visa, Mastercard and amex would not succeed. But they did, because consumers choose what to use, not businesses. And so the key is to make acquiring bitcoins a smooth and painfree process, rather than making it easier for businesses.

Andreas said this at the O'Reilly Radar Summit "Bitcoin and the Blockchain" in San Francisco.

Here you can watch it --> https://www.youtube.com/watch?v=x8FCRZ0BUCw#t=14m00 (https://www.youtube.com/watch?v=x8FCRZ0BUCw#t=14m00)

Its's worth to watch the whole video. But the most interesting he said at 14:00 to 17:00 min.

"What happens if Goldman Sachs build GoldmanSachsCoin?.Let them build it...". ;D
He seems to be pretty confident about BTC's growing ecosystem and it's future.

I am not sure where Bitcoin will stand in two years, but at the rate of adoption and considering how many companies do invest, I see a good time coming.

This seems to be the point Andreas Antonopoulos said awhile ago before all this recent news give it 2 years, i have to agree there is a lot of reasons that good things are coming, 10,000 btc atm just started in Spain and they are in talks with other country's to get them to adopt, the 21 $116million to name just a few i am sure lots more to come. There will be exciting times to come for bitcoin not sure 2 years but within 5 :)

I see it like this:
In 2 years, consolidation of Bitcoin surviving this horrible crash from the bubbled price, proves it has a solid future.
In 5+ years, we go 10K due mass mainstream adoption.

Yes, good things are coming but I think that we will have to wait longer than 2 years.
In order to make breakthrough and become mainstream we really need many more ''big'' merchants to accept BTC and this will not happen as fast as we want.
We have to educate people about BTC, get more users and inspire merchants to start accepting bitcoin and this is job for all of us :)
If everybody help, it will happen in 2 years, otherwise we will need much more time.

Andreas didn't necessarly mean "2 years to explode". He may have meant 2 years to see Bitcoin is really here to stay and that things will start taking a very solid shape, not 1 million per coin so to speak.

It is already taking shape and has done for a couple of years already he has seen this and made an educated prediction or he has inside information where we are going, it is quite clear what he was saying. I am not finding it quite so clear what you are saying lol Who said anything about a $1,000,000 price? Nobody said anything about such price what was you reading to write that as a response? Do you read before you post .

1 million per bitcoin is not impossible but to suggest it will happen within 2 years is highly improbable
It could easy jump to well over 1k+ in that time frame though ,maybe even 10k if some of the new services take off .....
the sky is literally the limit,or the moon as we like to call it .......:)

My last post on here to rap this up, what are you reading to give us your opinion about 1million not happening? The thing is nobody said anything about 1million lol it will never come this i am fairly certain. My point nobody said anything about it so i am curious to what you guys was reading from them replies. I agree we may see 1k but you have to remember that we only went to 1k before was because of a pump by shady willy bot and to get there again we must have a lot of users which should come in the end and like you said we need to have a need for the coin for it to take of properly.

an eventual  million dollar valuation  has been thrown around by many people in the last year or two if you check for them ,heres one :
http://www.businessinsider.com/raoul-pal-on-bitcoin-2014-11

i think 5k would probably be attainable with a bit of luck in a 2 yr time frame because there is so much happening but something crazy would be needed to get up to 1 mil

either that or 30-50-100 years into the future its very possible a btc could equal 1 mil