Tell me your predictions about Bitcoin

[Viscore]

I'm very surprised that it goes back to $ 3,000 again, I think this time it could go over $ 3000, because it proved to be very strong, it will not stop now.

That's why we need to be patient, actually I am not surprised with that as I already know that when there is a dump there is a pump
and right now we are witnessing the pump because people are now more aggressive in buying due to good news that they saw.
In the crypto world, it's news related and we see the market move uptrend when we hear good news because people love to speculate
to bring the price even much higher than what it should be, that's why there is  what we call correction.

[CARrency]

Bitcoin has no obstacles to remain popular in the future. I think the bitcoin community will increase and many will invest bitcoin. In the coming days the bitcoin price will go up. Although it is very difficult to predict this coin. With many communities and people using bitcoins there may be price increases. I believe it..

Do you think without obstacle bitcoin will be developed? No, bitcoin will be stagnating it's current state and will never be like this. Also, an obstacle is a way to tell someone to start their investment in bitcoin. When an obstacle comes, it's price dumps making it considerable for new users to buy.

[finzyoj]

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?

At this time the one problem that face the bitcoin is the incoming august 1. The hardfork and the segwit, most of the bitcoin user are so nervous because they think that bitcoin will fall. And others switch to alt to secure their bitcoin, much better thus time to save the alt than bitcoin. But it is to secure the money, if bitcoin result a good after august 1 I think they will back on bitcoin.

[Seeker01]

Its really hard to predict for the price of bitcoin because of its price volatility, but if you look at the long term time frame of the chart, i will surely know that bitcoin are really going up, i see bitcoin 5years from now with a value of $10000.

[investinator]

I'm very surprised that it goes back to $ 3,000 again, I think this time it could go over $ 3000, because it proved to be very strong, it will not stop now.

There could be a lot of volatility ahead though but generally we all know over time it always goes up so it's only a matter of time before it gets a new all time high.

[leirou]

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 there will be another obstacle that will happen soon to bitcoin and it is this Hardfork or BIP 148 . We might really face this BTC splitting soon enough maybe this year. 5 years is really long enough there will be some government intervention soon and a proposal of centralizing this coins.

[vinc3]

my prediction would be bitcoin's price might  drop due to this incoming fork for a while but soon enough it will come back even stronger since the transaction is faster and cheaper. let's just hope for the best. may it free us (the early adopters).

[ArIMy11]

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?

My “predictions” about bitcoin are:
Bitcoin will not be forgotten and will not fade. So bitcoin will not be worthless at all. It will be talk by many people so a lot of people will know bitcoin and they will like it. Because of that bitcoiners will double its number. A lot will people will have and will use bitcoin. Maybe different stores start accepting bitcoin as payment for different countries. Bitcoin price will increase and it will be really successful.

[Star_Bucks]

The only obstacle that I think bitcoin might encounter is the legalization of it from different countries. It will still be long time I think where bitcoin will take over the world currency. The large growth of people who are using it is one of the reason why will bitcoin conquer the world currency.

[Adbitco]

I think it's easier to keep positive attitude towards things and have belief in that whatever problems bitcoin encounters or faces in the future will be solved and the solutions will bring the best in bitcoin than making predictions. As long as bitcoin keeps it's basic properties like it's being decentralized, anonymous etc bitcoin has only to grow and never look back.

[KnightElite]

The only obstacle that I think bitcoin might encounter is the legalization of it from different countries. It will still be long time I think where bitcoin will take over the world currency. The large growth of people who are using it is one of the reason why will bitcoin conquer the world currency.

Yeah that is true. Many countries are not yet legalizing the bitcoin and also the main obstacle is the people who not yet aware to what is the bitcoin. In my country the bitcoin is now legalized but many people in our country is still not yet aware to what is the bitcoin.

[Przemax]

The experience had taught me, that when it come to the price, there are some constants to be aware of.

1. The dump preceedes the events. It is always planned.

2. When you are bombarded with the message of a great opportunity to invest on the youtube or even the mmorpgs, you should be cautious.

And that what is happening actually. Im bombarbed with the bitcoin over the youtube. I had even saw people using the public chat in Entropia Universe to advise the investment into bitcoin. There is writing on the wall of a double top, that has like an ideal timing on 1 august. I do not advise to panic, but be cautious guys.

I wish this was not true, but its seems like thats the scenario in the writting. My predictions is that bitcoin will be absolutely fine from a technical point of view, but some minor difficulties would be the signal to dump the price.

[Harlot]

The only obstacle that I think bitcoin might encounter is the legalization of it from different countries. It will still be long time I think where bitcoin will take over the world currency. The large growth of people who are using it is one of the reason why will bitcoin conquer the world currency.

Yeah that is true. Many countries are not yet legalizing the bitcoin and also the main obstacle is the people who not yet aware to what is the bitcoin. In my country the bitcoin is now legalized but many people in our country is still not yet aware to what is the bitcoin.

I don't think that its legality is an issue for its success at least as of the present. Well if it would be an issue Bitcoin's price won't go up like this by now. Another factor affecting that is some developed countries like South Korea and Japan are soon will make Bitcoin as a recognized mode of payment in their country. The government of other countries will see that the demand of Bitcoin also touches their citizens forcing them to have real no action until now. Let us just wait for other countries to follow the steps of Japan and South Korea.

[jc89]

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 one of the future challenges that bitcoin might face in the future years is its adaptability with the growing number of transactions. Ever since bitcoin became more popular, more and more people got attracted to it even those who only knows bitcoin as an easy money but never really understand it. My sentiment is if the total number of bitcoins can adapt with the fast growing number of transactions.

[wolfgang56]

I think the biggest obstacle that bitcoin might face is when government ruled the bitcoin. Because we can't do what we want to do if bitcoin is in the hands of corrupt people. It might be the downfall of bitcoin industry, they will limit us on what we can do. And I can't imagine bitcoin will drop its value everytime.

[Ewox]

I agree with some comments at this thread and that my prediction for bitcoin in the future for its challenges would be if the government will rule bitcoin I'm sure it will be a big challenge for everyone, once it'll be centralized and taxed. I could just imagine. I just hope if ever that time comes, bitcoins price won't go down.

[Hallmader]

I agree with some comments at this thread and that my prediction for bitcoin in the future for its challenges would be if the government will rule bitcoin I'm sure it will be a big challenge for everyone, once it'll be centralized and taxed. I could just imagine. I just hope if ever that time comes, bitcoins price won't go down.

Bitcoin is designed for decentralization but one can question as to why many dramas are happening now. In the bitcoin system the miners are becoming the most powerful and can even fire bitcoin core if they want (orphan).

[Colt81]

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?

Well, no one can predict what will happen in bitcoin. However, I believe that the price of bitcoin will increase in the future and there are many people believe to that. As of now bitcoin is become very useful like you can use it in different kind of transaction. Lastly, bitcoin has a good potential and I think bitcoin is first cryptocurrency that has a high value.

[gabmen]

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?

Well, no one can predict what will happen in bitcoin. However, I believe that the price of bitcoin will increase in the future and there are many people believe to that. As of now bitcoin is become very useful like you can use it in different kind of transaction. Lastly, bitcoin has a good potential and I think bitcoin is first cryptocurrency that has a high value.

its the first of many actually. Btc already introduced crypto to the world and other alts like eth and ltc are getting a lotnof attention as well. I'm pretty confident about btc in the future and the rewards it will give to those trusting it

[fullypak]

I agree with some comments at this thread and that my prediction for bitcoin in the future for its challenges would be if the government will rule bitcoin I'm sure it will be a big challenge for everyone, once it'll be centralized and taxed. I could just imagine. I just hope if ever that time comes, bitcoins price won't go down.

Bitcoin is designed for decentralization but one can question as to why many dramas are happening now. In the bitcoin system the miners are becoming the most powerful and can even fire bitcoin core if they want (orphan).

The present drama is happening just because of egwit2x not for any other reason. And it was expected people know this before only the price will fluctuate in a big margin. And here the miners part is not major thing it depends on users transactions wit for a couple of weeks this drama will end and good days will come.