Bitcoin will not be able to replace the US dollar in the coming years. But some large investors already now invest some of their money in the crypto currency.
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I see only one global innovation, which brought cryptocurrencies - the opportunity to earn them (mining). Otherwise, there are not many differences from conventional electronic payment systems.
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In three years have bitcoins will be no more than 10% of the population around the world. Actively use it (pay for goods and services) will be much less - no more than 1% Of course, these indicators will strongly depend on the country.
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The widespread introduction of bitcoin into the economy is not the reason for its improvement. On the contrary, the distribution of bitcoin is a consequence of the country's strong economy. The better the economic situation, the more active people use crypto currency.
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It seems to me that 25,000 for bitcoin will not be in 2022, but in 2018. And maybe even more. Theoretically, the price of bitcoin increases 10 times every 2 years. From this we can draw the appropriate conclusions.
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I think now many will start selling bitcoin and it will become a little cheaper. But it will not be long, in a few days it will again resume the increase in value.
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If you bought bitcoin in August, today you would sell it twice as much. And the volatility is that because there are no big sellers who sell billions. Where the trade goes only in small lots, the price there is always highly fluctuating.
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Oil is widely used in industry, so its popularity will not be greatly reduced. The price will also not fall to zero, because oil reserves are limited. Electric cars are popular, but before the disappearance of gasoline cars are still very far away.
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Paper money will never disappear, because not all people can use bitcoins or other digital currency. There are children, there are old people, and also people with limited mental abilities. It is more convenient for them to buy for cash.
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When bitcoin can be traded on stock exchanges, its volatility will decrease. Rich players are not profitable fluctuations in prices in a wide range.
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I have never smoked and do not plan to start. Electronic cigarettes are in my opinion better than ordinary cigarettes. They are less harmful to health.
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For several years I played in WOT, then I'm sick of it and now I'm playing in EVE Online.
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When I was a student, I played in Dota 2. Lol did not like me. Now I'm playing in EVE Online.
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Scott, how are you. How is trade progressing and how much is already on the account?
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Another fork? Or a scam from a new user?
Most likely the second option. Does not cause any confidence.
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If the cryptocurrency is taxed, how will it differ from fiat?
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Colonization of the planets of the solar system is very expensive. Therefore, there will not be a large colony. Even the flight to Mars now looks problematic.
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I do not believe that the world will be able to give up cryptocurrency.
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If the government can not control bitcoin, then it prohibits it.
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I glad this decision. There are plenty of forks already.
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