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goldcoinminer
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November 12, 2016, 07:51:24 AM |
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What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?
I think from the first rise of bitcoin until whenever still the same problems, - how to get massive adoption - security issues (hackers) Those factors will affect the price and stability of bitcoin security issues always be makes bitcoin price unsteady and dropped and it does happened several times because if there is sites who got hack then people will start to selling their bitcoin then the price suddenly will dropped faster because panic sell and latest issue bitfinex has been makes it but fortunately the price step by step rise up again There are always some of obstacle in any journey. I think in the future bitcoin will get problem if the time of transaction is still not going faster. But there is some positive thing in the future of bitcoin. It seems after new president of america was choosed bitcoin price will grow up. I think the security is good enough, so I do not worry about it. We won't if the price will continue to rise as miners will be more interested to operate if they are profitable. They will support and we rely on them in the future, therefore it is just fair to help the price of bitcoin increase as well so we are all be benefited. |
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Hallmader
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November 16, 2016, 02:36:26 PM |
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What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?
I think from the first rise of bitcoin until whenever still the same problems, - how to get massive adoption - security issues (hackers) Those factors will affect the price and stability of bitcoin security issues always be makes bitcoin price unsteady and dropped and it does happened several times because if there is sites who got hack then people will start to selling their bitcoin then the price suddenly will dropped faster because panic sell and latest issue bitfinex has been makes it but fortunately the price step by step rise up again There are always some of obstacle in any journey. I think in the future bitcoin will get problem if the time of transaction is still not going faster. But there is some positive thing in the future of bitcoin. It seems after new president of america was choosed bitcoin price will grow up. I think the security is good enough, so I do not worry about it. We won't if the price will continue to rise as miners will be more interested to operate if they are profitable. They will support and we rely on them in the future, therefore it is just fair to help the price of bitcoin increase as well so we are all be benefited. When the price of bitcoin rises and the difficulty also rises and it rises faster, the miners might not be profitable. |
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conected
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November 16, 2016, 02:38:43 PM |
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Bitcoin will have to face many other FIAT as well as other cryptos in order to become the world international currency. As you can see, Bitcoin now is getting more and more popular although it needs more time to develop and knock down the dollar. So i think the government will try to do their best to destroy Bticoin
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Farcoin12
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November 16, 2016, 02:42:28 PM |
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The price movement of the price of bitcoin right now is great according to price in preev the price again is increase and i think it is better to wait more days before you decide to sell bitcoin so that it can not affect the value of bitcoin right now..
I am happy that bitcoin is reaching and touch again back to 730 and i think we will see the price soon until 780.
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Qartersa
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November 16, 2016, 02:53:10 PM |
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Bitcoin is on the rise, and that's why more and more people are interested in having some which make it grow even more. Right now is a good time for Bitcoin.
I hope this won't stop shortly and I can see no reasons for this to stop.
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singularityisnear
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Activity: 77
Merit: 10
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November 16, 2016, 03:25:43 PM |
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Bitcoin is on the rise, and that's why more and more people are interested in having some which make it grow even more. Right now is a good time for Bitcoin.
I hope this won't stop shortly and I can see no reasons for this to stop.
I think we will see good market movements for the next months. People are finally becoming aware of the importance and progress of Bitcoin, that's why there is a good network effect. |
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Kabul
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November 16, 2016, 03:41:23 PM |
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30 years later, most countries on this planet will use bitcoin as an alternative currency and some even use bitcoin as a primary currency. Bitcoin rise will estimate about $10000 - $100000. And many organization will try to knock down bitcoin in many ways in other to bring FIAT back.
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Mr.grin
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Merit: 1000
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November 16, 2016, 04:03:28 PM |
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Bitcoin is on the rise, and that's why more and more people are interested in having some which make it grow even more. Right now is a good time for Bitcoin.
I hope this won't stop shortly and I can see no reasons for this to stop.
Well, I'm also pretty sure that bitcoin has a very good future. maybe people will begin to recognize and use bitcoin as a price exceeding $ 1,000, because the price is a very reasonable price for bitcoin, and would be a loss if there are people who do not learn to find and use bitcoin |
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Denker
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November 16, 2016, 04:10:27 PM |
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Bitcoin is on the rise, and that's why more and more people are interested in having some which make it grow even more. Right now is a good time for Bitcoin.
I hope this won't stop shortly and I can see no reasons for this to stop.
This is the effect a bull market is having. Upwards price movements make people curious and interested what Bitcoin is if they aren't invested or haven't even heard about it. Regarding your concerns I wouldn't be worried too much. The market is bullish, the fundametals are looking good and the coming technological improvements are really promising.Hence I expect the price to rise even more.Sure some corrections on the way up will happen and are healthy.Let's just cross fingers that no unexpected damaging events like hacks happen again which could hurt us. |
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deisik
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November 16, 2016, 05:56:13 PM
Last edit: November 16, 2016, 06:08:02 PM by deisik |
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30 years later, most countries on this planet will use bitcoin as an alternative currency and some even use bitcoin as a primary currency. Bitcoin rise will estimate about $10000 - $100000. And many organization will try to knock down bitcoin in many ways in other to bring FIAT back.
I can't tell much about 30 years into the future or about what Bitcoin might turn into by that time and whether it will still be alive and kicking at all, but the odds are that the same thing could happen to Bitcoin eventually that had happened to gold in the past. The latter, like Bitcoin, is a limited resource, with the only difference that gold is naturally limited while Bitcoin algorithmically. But this is inconsequential to my point. Which essentially consists in expecting that in not so distant future the price of Bitcoin will be controlled through paper bitcoins, i.e. promises to pay a certain amount of bitcoins without the obligation of actually paying them (e.g. cash-settled Bitcoin futures)... Just like the price of gold is said to be controlled through paper gold nowadays |
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Ziskinberg
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November 17, 2016, 02:24:58 AM |
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30 years later, most countries on this planet will use bitcoin as an alternative currency and some even use bitcoin as a primary currency. Bitcoin rise will estimate about $10000 - $100000. And many organization will try to knock down bitcoin in many ways in other to bring FIAT back.
I can't tell much about 30 years into the future or about what Bitcoin might turn into by that time and whether it will still be alive and kicking at all, but the odds are that the same thing could happen to Bitcoin eventually that had happened to gold in the past. The latter, like Bitcoin, is a limited resource, with the only difference that gold is naturally limited while Bitcoin algorithmically. But this is inconsequential to my point. Which essentially consists in expecting that in not so distant future the price of Bitcoin will be controlled through paper bitcoins, i.e. promises to pay a certain amount of bitcoins without the obligation of actually paying them (e.g. cash-settled Bitcoin futures)... Just like the price of gold is said to be controlled through paper gold nowadays Possibilities could happen like that in the future, the price of bitcoin is now increasing meaning people are really trusting it, this should be a continueing process so we can get a good price in the future. Honestly, it's hard to estimate the actual price because it depends on the demand of the people, and since the users of bitcoin is not that big compared to the worlds population then probably there will be an abrupt increase in the future, I do not know how mass but with massive adaption it would be substantial increase. |
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carlisle1
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November 17, 2016, 12:03:52 PM |
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Bitcoin is on the rise, and that's why more and more people are interested in having some which make it grow even more. Right now is a good time for Bitcoin.
I hope this won't stop shortly and I can see no reasons for this to stop.
Well the price increase will continue if those big investors will put more money and buy more bitcoins also if there will be new people who will be investing with bitcoin it could help the price to be more increased . This good movement of the bitcoin price will not stop if everyone will avoid panic selling . |
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StarofBTC
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November 17, 2016, 12:22:29 PM |
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Bitcoin is on the rise, and that's why more and more people are interested in having some which make it grow even more. Right now is a good time for Bitcoin.
I hope this won't stop shortly and I can see no reasons for this to stop.
Well the price increase will continue if those big investors will put more money and buy more bitcoins also if there will be new people who will be investing with bitcoin it could help the price to be more increased . This good movement of the bitcoin price will not stop if everyone will avoid panic selling . But you can not expect bitcoin prices to keep on increasing all the time. There would be some points where prices will come down to match the supply demand equilibrium. But, in long run we can have huge prices for bitcoin for sure regardless of people who sells on panic or with intention. My prediction will remain same : we are moving toward moon. |
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LuanX3
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November 17, 2016, 03:16:49 PM |
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I think it will rise until $1,000 each Bitcoin. The supply of bitcoin cannot match the demand of it. It will just rise because of the law of supply and demand.
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altcoinnxt
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November 17, 2016, 03:31:04 PM |
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The bitcoin price will double in the next 2 years if the block chain size is doubled to 2MB or even higher.
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anavuajna
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November 17, 2016, 03:45:25 PM |
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I think it will rise until $1,000 each Bitcoin. The supply of bitcoin cannot match the demand of it. It will just rise because of the law of supply and demand.
The demand for Bitcoin is growing every day. And that is why it is more expensive. I think that it is easy to cross the mark of $ 1,000 later this year or early 2017 |
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jonpande
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November 17, 2016, 04:00:37 PM |
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In my opinion, the biggest threat will come from authoritarian rule and also from the community Bitcoin itself, but more people will adapt to Bitcoin, so bitcoin will be available worldwide as a payment option.
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deisik
Legendary
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Merit: 1280
English ⬄ Russian Translation Services
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November 17, 2016, 04:02:29 PM |
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I think it will rise until $1,000 each Bitcoin. The supply of bitcoin cannot match the demand of it. It will just rise because of the law of supply and demand.
The demand for Bitcoin is growing every day. And that is why it is more expensive. I think that it is easy to cross the mark of $ 1,000 later this year or early 2017 How do you know that for sure? It is quite possible that the price is going up due to supply contraction, not because of some noticeable demand expansion. Bitcoin miners are now supplying only half of the bitcoins they were supplying prior to July, before the halving. Indeed, they are not the only ones who are feeding the market with bitcoins, but I am certain that the halving has greatly contributed and will continue to contribute to the contraction of supply in the future. In my opinion, it may take up to a year till the consequences of reward halving are felt in full by the market |
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arseaboy
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November 17, 2016, 04:33:12 PM |
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I think it will rise until $1,000 each Bitcoin. The supply of bitcoin cannot match the demand of it. It will just rise because of the law of supply and demand.
The demand for Bitcoin is growing every day. And that is why it is more expensive. I think that it is easy to cross the mark of $ 1,000 later this year or early 2017 I'm also thinking of it that the bitcoin price might go up to $1000 this year or early next year. And this would a good news for us in bitcoin community so we can invest more using our bitcoins. |
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Catmony
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November 17, 2016, 04:36:46 PM |
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30 years later, most countries on this planet will use bitcoin as an alternative currency and some even use bitcoin as a primary currency. Bitcoin rise will estimate about $10000 - $100000. And many organization will try to knock down bitcoin in many ways in other to bring FIAT back.
Within 30 years of short period i don't think this gonna happen. Using bitcoin as primary currency seem unrealistic due to high volatility in bitcoin price. Although it seems 10,000 USD per bitcoin can be achievable within next 30 years. |
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