Bitcoin in the next decade

[Bushdark]

Owing to the current adoption of bitcoin, we can say that majority of investors are not interested in knowing much about what bitcoin really is and why it was created in the first place. Their intentions are only driven by the fact that they can double their investment over a couple of years. Like I've said before in some other similar discussions, we take a look at people buying shares in the ETFs, they don't care if what they own isn't BTC so long they make profits.

The profits is all that counts for now and I can bet you that even after two decades upfront it will be hard before the real idealogy of Satoshi clamp back into view because everyone is just comfortable with just trying to gather as much profits as they can with whatever means through Bitcoin. At some point you begin to wonder, what if all these whales and firm end up gathering all the Bitcoin and then turn the whole process to something else by influencing the flow with their massive Bitcoin asset.

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

[Furious 7]

Owing to the current adoption of bitcoin, we can say that majority of investors are not interested in knowing much about what bitcoin really is and why it was created in the first place. Their intentions are only driven by the fact that they can double their investment over a couple of years. Like I've said before in some other similar discussions, we take a look at people buying shares in the ETFs, they don't care if what they own isn't BTC so long they make profits.

The profits is all that counts for now and I can bet you that even after two decades upfront it will be hard before the real idealogy of Satoshi clamp back into view because everyone is just comfortable with just trying to gather as much profits as they can with whatever means through Bitcoin. At some point you begin to wonder, what if all these whales and firm end up gathering all the Bitcoin and then turn the whole process to something else by influencing the flow with their massive Bitcoin asset.

This kind of thing is inevitable because after all, with all the forms of greed that humans have when there is something profitable for them, everyone will compete to be and collect more and more because in this case the more collection, the greater the wealth and opportunities we will get.

We can see for now there are many maximalists who even collect as much as they can for bitcoin for something that will be profitable in the future.
We will not be able to avoid this even though maybe ideology will continue to exist but things like this will not be able to be controlled and even we can also follow the same flow because imposing with the initial ideology will be considered a disadvantageous situation in terms of profit optimization.

[Hatchy]

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

The volatility is a reason why many people are still scared of investing in bitcoin. We understand what it mean for an asset to be volatile and then, a lot of people claim that gold is way more stable than bitcoin in terms of volatility. But regardless of that, majority would still choose bitcoin over gold why because it offer you full control which gold won't. Gold has been controlled by the government from the very beginning and till now, they choose to manipulate it's price when ever they so wish. People literally invest in bitcoin not because of volatility but because of the features they won't get from investing into other assets.

[JayJuanGee]

[edited out]

The possibility of Bitcoin converting to Proof-of-Stake is very low since its whole model of trust and security is based on Proof-of-Work and the community and the miners will forcefully resist any action that compromises the aspect of decentralization. The consensus of Bitcoin itself is not the result that may develop over the next decade, but rather the ecosystem itself. As institutional money, ETFs, and custodial giants begin to have a more significant role, ownership of Bitcoin might become more centralized in the face of a protocol remaining the same. It implies that the following step will be to safeguard the user sovereignty with self-custody and education. Provided that holders keep in mind that the true value of Bitcoin is not only money but also independence in terms of finances, it will be able to expand without losing its initial meaning.

The whole invention and innovation of bitcoin relates to proof of work, and if proof of work were to be removed and/or undermined then bitcoin's paradigm shifting power would be removed, including just turning it into something that is not adding any value.

Going through this thread, we likely could be reminded that there surely are ongoing attempts to undermine bitcoin in a lot of different ways that relate to attempting to control aspects of bitcoin, so then its proof of work could be undermined whether referring to onboarding and offboarding or even mining and/or development.

There are several aspects of bitcoin that have been learned, yet it is still to be figured out how much the various special aspects of bitcoin will be undermined in the coming 10 years or even further into the future that would contribute towards bitcoin losing its powers.. including various ways that bitcoin is coopted and/or the powers that be are working on providing channels to coopt bitcoin in a lot of ways that would end up crossing over jurisdictions in the even that the attack can be spread.. and I am not even claiming to know how many of these matters are going to play out, even though it seems ongoingly good for individuals to support self-custody mechanisms and even transacting outside of third parties (and/or government controlled channels - even though surely government and/or the powers that be are also engaged in efforts to coopt and take over mining and/or development too).

For sure there is nothing special about proof of stake, except maybe providing some mostly centralized ways of experimenting with various kinds of technologies... .or various innovative ways to scam normies with smoke and mirrors nonsense.. and sure some folks might get rich through such scams if they can get themselves close to whatever money printer (or insider knowledge) is contained therein.

[ZAINmalik75]

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

Volatility is exactly the reason why Bitcoin has become an investment asset over time even though it wasn't created to become one. Satoshi created Bitcoin to be an alternative payment system between people that will be decentralized, but since it had a limited supply and as soon as people started buying it, its price started appreciating because there weren't enough supply in the market, so when demand started increasing, it's price started going up, and more people noticed that, and then they started investing in it for profits, and the rest is history.

It's also true that Bitcoin's volatility has contributed greatly in its adoption, because if it wasn't volatile and was a stable cryptocurrency from the beginning, the adoption level wouldn't be at such a level, because not this many people would take interest in cryptocurrencies if all of them were stable. It's money and profits that attract most people these days.

[Fuso.hp]

Although the economic conditions of various countries are not that good now, I hope that in the next 10 to 15 years, the economic conditions of various countries will improve a lot and the governments of various countries will accept Bitcoin and by accepting Bitcoin, they will try to strengthen their economic conditions further. Everyone wants to enjoy the benefits of using Bitcoin, but many governments avoid Bitcoin due to many considerations. What we have seen in the Bitcoin market in the last ten years, we will see more in the Bitcoin market in the next 10 years and considering the level of popularity and price now, both the popularity and price of Bitcoin will increase a lot in the next ten years. We will see many more countries in the next ten years that will allow the use of Bitcoin alongside their national currencies and I will wait for that day.

[Churchillvv]

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

The volatility is a reason why many people are still scared of investing in bitcoin. We understand what it mean for an asset to be volatile and then, a lot of people claim that gold is way more stable than bitcoin in terms of volatility. But regardless of that, majority would still choose bitcoin over gold why because it offer you full control which gold won't. Gold has been controlled by the government from the very beginning and till now, they choose to manipulate it's price when ever they so wish. People literally invest in bitcoin not because of volatility but because of the features they won't get from investing into other assets.

Most of the people who have not invested in bitcoin because of its volatility while investing in other assets are just merely because they do not agree with concept of bitcoin or are yet to really understand an in depth knowledge of what bitcoin represents, hence they are not willing to give it a chance but however the percentage of people with such mentality are reducing every day as time passes by, some of the concept that has kept people away is a manual or old know of investment, some of the old or advance people where informed during the times of Gold from childhood so if anything is not what they already know it’s difficult to adapt to it hence the people who will still forsake the volatility reason of bitcoin to invest in it will increase by the years. So volatility is not much of a problem but re-educating some people will help a lot.

[JayJuanGee]

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

The volatility is a reason why many people are still scared of investing in bitcoin. We understand what it mean for an asset to be volatile and then, a lot of people claim that gold is way more stable than bitcoin in terms of volatility. But regardless of that, majority would still choose bitcoin over gold why because it offer you full control which gold won't. Gold has been controlled by the government from the very beginning and till now, they choose to manipulate it's price when ever they so wish. People literally invest in bitcoin not because of volatility but because of the features they won't get from investing into other assets.

I cannot really disagree with most of your points Hatchy, yet I think that some further elaboration would be helpful since surely bitcoin's ongoing volatility is inevitable in the context of an ongoing battle that has been ongoing and is ongoingly evolving, too.

Sure we have been getting more adoption and acceptance of bitcoin with the passage, yet at the same time, various battles continue in order for the powers that be governments, institutions and/or status quo rich to attempt to co-opt and/or to control bitcoin, yet it still remains unclear the extent that they are going to be successful in those endeavors and/or perhaps to widdle away at attempting to co-opt and/or control bitcoin in various ways.

For sure traders love volatility, yet investors have to figure out ways to adapt their own strategies in order to financially and psychologically account for and to prepare themselves for such ongoing and inevitable volatility... and I am not even claiming to know the short-term direction of the volatility even though surely many of us invest into bitcoin because we consider that inspite of the ongoing volatility that in the longer term, such as 4-10 years or longer, bitcoins price is still going to tend towards (and trend towards) up rather than down or sideways... and yeah, of course, it is not a given that bitcoin is going to trend up, yet many of us invest into bitcoin based on bitcoin's asymmetric bet to the upside which largely means that as long as we do not leverage, the most that we can lose is 100% of our investment, and at the same time, bitcoin has decently good odds of performing at least equal if not better than any other place that we can put our time, value and energies.

Your point about gold can be explained in terms of bitcoin being superior to gold.. perhaps around 1,000x or more superior to gold, yet it likely will take time for the market to reflect bitcoin's quite likely superiority, and surely in recent times, such as the past year or so, gold has been experiencing a lot of upward price momentum, which many of us bitcoiners would likely consider gold's short term performance as a bit of an aberration and even based on wrong information in terms of what gold is as compared with bitcoin, since it can be difficult to know how long various momentum of the market might play out, even with what is likely to be an inferior asset (referring to gold).

It could take 50-200 years for the market to play out in regards to figuring out valuations of gold versus bitcoin and even bitcoin versus various fiats and/or other assets in which monetary value has been stored historically and also in recent times in which the debt fiat systems have seemed to have had gone crazy in a lot of ways (trying to figure out their values when the denominator (the dollar or other fiat is broken and manipulated), in the event that bitcoin does not break or is not broken in the process of these various ongoing battles in which bitcoin is not necessarily considered in friendly terms by various powers that be institutions and people.

[|MINER|]

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

The volatility is a reason why many people are still scared of investing in bitcoin. We understand what it mean for an asset to be volatile and then, a lot of people claim that gold is way more stable than bitcoin in terms of volatility. But regardless of that, majority would still choose bitcoin over gold why because it offer you full control which gold won't. Gold has been controlled by the government from the very beginning and till now, they choose to manipulate it's price when ever they so wish. People literally invest in bitcoin not because of volatility but because of the features they won't get from investing into other assets.

Even smart and knowledgeable people about the Bitcoin market use Bitcoin's highly volatile price as an extra powerful opportunity. Many people identify with Bitcoin's bear and bull cycles and as well we also know that in the long term, the price of Bitcoin will definitely increase even beyond the all-time high price of the previous bull season. And that's why invest for the long term, making a kind of sure profit from Bitcoin's highly volatile market, but this list does not include those who only invest when the bull season comes and with the hype until they have strong mind set for long-term holding.
And besides, you have already mentioned the more logical reasons for investing here, but I would like to say extra here, suppose you invest in gold, in this case you will need a lot of legal documentation, as well as extra security arrangements to provide security for gold, which is actually difficult. Personally, for this reason, I myself do not like gold investment much.
And on the other hand, we are in a very convenient position in bitcoin, in addition to investment freedom, as well as management, as here we do not have to take physical measures for security. And at the same time, if we invest in smartway, then bitcoin can bring us more profit. And besides, if we consider the volatile situation in the long term, it is volatile but its price does not fall it's up towards, on the other hand, if we talk about fiat currency, if we hold it for the long term, inflation will gradually reduce the value of our asset.

[Ambatman]

The volatility is a reason why many people are still scared of investing in bitcoin. We understand what it mean for an asset to be volatile and then, a lot of people claim that gold is way more stable than bitcoin in terms of volatility. But regardless of that,

I Would like to make some corrections. There's always a cost
Many complain about volatility but that's a feature that have drawed alot of people to Bitcoin.

majority would still choose bitcoin over gold why because it offer you full control which gold won't. .

No,  majority still choose Gold because the government said they trust it
And they trust the government
so they trust it. Fiat exist because of the people's faith in the government.

 

People literally invest in bitcoin not because of volatility but because of the features they won't get from investing into other assets

This was the reason I created this thread
People that believe in self custody and some level of privacy are in the minority
They believe if you advocate for privacy you a criminal.
So yes majority invest in Bitcoin because they know it would rise hence why we have weak hands.

[AmoreJaz]

Although the economic conditions of various countries are not that good now, I hope that in the next 10 to 15 years, the economic conditions of various countries will improve a lot and the governments of various countries will accept Bitcoin and by accepting Bitcoin, they will try to strengthen their economic conditions further. Everyone wants to enjoy the benefits of using Bitcoin, but many governments avoid Bitcoin due to many considerations. What we have seen in the Bitcoin market in the last ten years, we will see more in the Bitcoin market in the next 10 years and considering the level of popularity and price now, both the popularity and price of Bitcoin will increase a lot in the next ten years. We will see many more countries in the next ten years that will allow the use of Bitcoin alongside their national currencies and I will wait for that day.

I also believe that we will have more adoption not only with btc but with other top alts as well. We cant deny the fact that we are in the digutal age and so a lot of transactions especially in the payment sector will go digital.

[rojan]

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

The volatility is a reason why many people are still scared of investing in bitcoin. We understand what it mean for an asset to be volatile and then, a lot of people claim that gold is way more stable than bitcoin in terms of volatility. But regardless of that, majority would still choose bitcoin over gold why because it offer you full control which gold won't. Gold has been controlled by the government from the very beginning and till now, they choose to manipulate it's price when ever they so wish. People literally invest in bitcoin not because of volatility but because of the features they won't get from investing into other assets.

Most of the people who have not invested in bitcoin because of its volatility while investing in other assets are just merely because they do not agree with concept of bitcoin or are yet to really understand an in depth knowledge of what bitcoin represents, hence they are not willing to give it a chance but however the percentage of people with such mentality are reducing every day as time passes by, some of the concept that has kept people away is a manual or old know of investment, some of the old or advance people where informed during the times of Gold from childhood so if anything is not what they already know it’s difficult to adapt to it hence the people who will still forsake the volatility reason of bitcoin to invest in it will increase by the years. So volatility is not much of a problem but re-educating some people will help a lot.

The volatility of Bitcoin is commonly cited as a reason to shun investment, however, in reality it is just one of the aspects of being an early adopter in a new money system. Conversely, Bitcoin is only a little more than a decade old, and it has already reached global acceptance, institutional attention, and significant use case as a digital currency, unlike gold, which has required centuries to find its stability. It has become common knowledge among many investors that the price fluctuations are not a significant concern anymore; rather, it is more the distinctive advantages of Bitcoin that include complete ownership, transactions that are resistant to censorship, and the lack of governmental interference. The fear of volatility will also decline as education will be more aware of its goal and long-term adoption will grow.

[impulse709]

Owing to the current adoption of bitcoin, we can say that majority of investors are not interested in knowing much about what bitcoin really is and why it was created in the first place. Their intentions are only driven by the fact that they can double their investment over a couple of years. Like I've said before in some other similar discussions, we take a look at people buying shares in the ETFs, they don't care if what they own isn't BTC so long they make profits.

The profits is all that counts for now and I can bet you that even after two decades upfront it will be hard before the real idealogy of Satoshi clamp back into view because everyone is just comfortable with just trying to gather as much profits as they can with whatever means through Bitcoin. At some point you begin to wonder, what if all these whales and firm end up gathering all the Bitcoin and then turn the whole process to something else by influencing the flow with their massive Bitcoin asset.

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

Admittedly, a significant part of the current Bitcoin users is not interested in the initial vision of decentralization and economic liberation but in money itself. Part of this movement can be explained by the institutional entrance, ETFs, and constant volatility traders are willing to work with. Nonetheless, this does not imply that the main ideology of Bitcoin will vanish. Whales and firms can build up substantial supply even though the nature of the network is decentralized and transparent, no one is able to re-write the rules or dictate who issues the coins. The purpose of Bitcoin and its practical implementation could be gradually reintroduced to the limelight in the next decade, rather than its commercial opportunities.

[Ayers]

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

The volatility is a reason why many people are still scared of investing in bitcoin. We understand what it mean for an asset to be volatile and then, a lot of people claim that gold is way more stable than bitcoin in terms of volatility. But regardless of that, majority would still choose bitcoin over gold why because it offer you full control which gold won't. Gold has been controlled by the government from the very beginning and till now, they choose to manipulate it's price when ever they so wish. People literally invest in bitcoin not because of volatility but because of the features they won't get from investing into other assets.

can we stop pretending already? we invest in Bitcoin because of its volatility and because we hope to get rich from it. not many people care about decentralization and privacy, and even if someone does, it's a secondary concern. Profit is still their top priority. even early investors invest in bitcoin to make a profit, let alone new investors. that's why, after years of dormancy, many whales from Satoshi's time have awakened and are selling their Bitcoin. Or, since bitcoin ETFs were approved, a large portion of the money has flowed into the market through them. Because the reality is that what people care about most about bitcoin is profit.

gold is not controlled because it is also a decentralized asset and is distributed globally. it's just that because it's a physical asset, it makes it more difficult to store and move. Furthermore, because it is no longer very profitable, many of us have lost interest in it.
believe it or not, if gold suddenly became more volatile and offered significantly higher returns than Bitcoin, people would return to gold.

[Mandoy]

Looking ahead a decade, it's clear Bitcoin will mature into a mainstream financial tool. Its function as a hedge against inflation—true digital gold—will be widely accepted. We can anticipate stricter regulations, but this will likely run parallel to rising adoption in emerging markets and nations with economic instability. While volatility will remain a feature, the conviction in its fundamental value and its permanent role in the global economy will be undeniable.

Already, many people see Bitcoin as an excellent digital gold and it is already considered a pretty good investment asset for the future of its holders. So it is quite clear that in the next decade Bitcoin will be the most super asset and also the best among other assets so that almost everyone will be happy to accept Bitcoin as a very good hedge even though Bitcoin is not a stable asset because it still has volatility. But over time Bitcoin will become the most trusted asset by everyone and will never be doubted by anyone again.

I still have no doubt that Bitcoin was one of the volatile assets. It has become a store of value gradually so it may not be accurate to call Bitcoin a volatile asset. I think that after the price of Bitcoin crossed $100k, its fluctuations are showing some stability. Like real assets like gold Bitcoin is now very close to it. With the stability in price, the demand for Bitcoin is increasing and its value is likely to increase significantly in the future, that is why people, rich and poor are still careful about holding Bitcoin.

The progress that Bitcoin has experienced in the recent years is an indication that it is not just in speculation, but it is also taking shape as a global store of value. Although there is still volatility, the market dynamics of overcoming key price barriers have demonstrated that Bitcoin is slowly coming to a stand as more liquidity and uptake become a thing. Referring to it as digital gold is not just a story any more but the way people currently consume it which is as an insurance, a form of long-term reserve and as a bubble against inflation. To the extent that the tighter regulation is expected in the next decade, it will only assist in bringing wider legitimacy but not slow adoption. The more countries with economic instability switch to Bitcoin, the more trust and holding will be strengthened in the long term, and its role in the global economy will become more fixed.