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Author Topic: The future of Bitcoin  (Read 67065 times)
fkvidar
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May 18, 2016, 12:36:38 PM
 #821

according to me bitcoin will have a very good future and it will survive for longer or maybe till the end, and in the coming future it will have a very good value so it will be accepted internationally all over the world and will be international currency sooner.
Why we cannot call bitcoin now itself as the international currency?

Because we can send and receive bitcoin across borders.
we can buy anything online (online is usually not country specific).
Bitcoins has same value (almost, only differs with exchanges) to all the countries.

So, The future of bitcoin yet to achieve would be higher value of bitcoins.

and don't forget about No Tax in bitcoin transaction, you save arround 1%. because in my country, goverment will take 1% fee for each transaction  Cheesy

i hope in future goverment not adopt bitcoin because we must pay 1% fee for each transaction.

All I can say is government is corrupt, bitcoin gives us freedom and benefits to transact not govern with the government rules. I know government will not adopt this kind of system because of its transparency. They cannot hide their shady transactions as we can fully audit it in the public ledger, we should also remember that government will do everything to monitor us and that is not good because we have to maintain our privacy which only bitcoins has ever offered to us due to its anonymity in nature.

That's true and I don't think that Government will ever come in support of bitcoin as they are aware that if bitcoin gets on the mainstream then they will loose all their control on the money.
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May 18, 2016, 01:29:55 PM
 #822

according to me bitcoin will have a very good future and it will survive for longer or maybe till the end, and in the coming future it will have a very good value so it will be accepted internationally all over the world and will be international currency sooner.
Why we cannot call bitcoin now itself as the international currency?

Because we can send and receive bitcoin across borders.
we can buy anything online (online is usually not country specific).
Bitcoins has same value (almost, only differs with exchanges) to all the countries.

So, The future of bitcoin yet to achieve would be higher value of bitcoins.

and don't forget about No Tax in bitcoin transaction, you save arround 1%. because in my country, goverment will take 1% fee for each transaction  Cheesy

i hope in future goverment not adopt bitcoin because we must pay 1% fee for each transaction.

All I can say is government is corrupt, bitcoin gives us freedom and benefits to transact not govern with the government rules. I know government will not adopt this kind of system because of its transparency. They cannot hide their shady transactions as we can fully audit it in the public ledger, we should also remember that government will do everything to monitor us and that is not good because we have to maintain our privacy which only bitcoins has ever offered to us due to its anonymity in nature.

That's true and I don't think that Government will ever come in support of bitcoin as they are aware that if bitcoin gets on the mainstream then they will loose all their control on the money.

Exactly no government supports bitcoin as they can't control it if it reaches most of the population. So in my opinion than a mass adoption stable increase in users is good for bitcoins long survival.
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May 18, 2016, 01:39:18 PM
 #823

I hope that in future bitcoin will be much bigger and stronger then now, but if for real, i think that in 5 years it will start losing popularity and slowly dies.

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May 18, 2016, 01:41:05 PM
 #824

I hope that in future bitcoin will be much bigger and stronger then now, but if for real, i think that in 5 years it will start losing popularity and slowly dies.

No it will last for many more years to come, the real power of bitcoin will be seen after 5 years, and if the price will be higher then it will gain more popularity in future.
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May 18, 2016, 01:44:43 PM
 #825

I hope that in future bitcoin will be much bigger and stronger then now, but if for real, i think that in 5 years it will start losing popularity and slowly dies.

The downfall will just happen if all core developers will left bitcoin and even today that is possible but chances is really a microscopic number.

Bitcoin was established first in 2009. Why 5 years after that even with a large downfall from $1000 to $200+ still it was alive? Users and services back then are not that impressive in terms of numbers compare today. In 5 years more services and "adoptors" will really be present so technically no reason of a downfall in 5 years from now.

But as always, just my own speculation.

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May 18, 2016, 02:38:10 PM
 #826

I hope that in future bitcoin will be much bigger and stronger then now, but if for real, i think that in 5 years it will start losing popularity and slowly dies.

Well, we dont really know what could happen. Time will tell and technology also. There are a lot of altcoins there that aee still in progress. Without bitcoin I dont think they will live also. 5 years is short but technology is fast so it could happen or not.
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May 18, 2016, 02:40:51 PM
 #827

I hope that in future bitcoin will be much bigger and stronger then now, but if for real, i think that in 5 years it will start losing popularity and slowly dies.

Well, we dont really know what could happen. Time will tell and technology also. There are a lot of altcoins there that aee still in progress. Without bitcoin I dont think they will live also. 5 years is short but technology is fast so it could happen or not.

Anything is possible, we live in digital world now, and we can expect many things in future too, so if we find any better currency then bitcoin in future then it will surely die.

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May 18, 2016, 03:26:21 PM
 #828

You gonna find 1000s of people with believable theories, taking into account 100s of factors. The question then becomes should you find a flawless projection (up to that point) that hit the nail on the head 100 times in a row, would you sell your house and everything else you own, ready for the 101st prediction?  Shocked
the future will bring nice things for the bticoin i know it because he is slowly growing to the top. But what if whe reach the max amount of coins if he already has a max amount. Further we will never now what the future after that moment will bring us. So let us all wait till the future is there.
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May 18, 2016, 03:32:52 PM
 #829

I don't think we need to worry about the future of bitcoin, as it is getting more popular day by day and it will reached to many people  worldwide in coming years.
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May 18, 2016, 03:42:19 PM
 #830

I don't think we need to worry about the future of bitcoin, as it is getting more popular day by day and it will reached to many people  worldwide in coming years.

I agree. The ecosystem is way advanced now for it to just disappear overnight. Options are becoming available where they weren't before. More and more people are getting involved.

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May 18, 2016, 04:18:16 PM
 #831

I don't think we need to worry about the future of bitcoin, as it is getting more popular day by day and it will reached to many people  worldwide in coming years.

I agree. The ecosystem is way advanced now for it to just disappear overnight. Options are becoming available where they weren't before. More and more people are getting involved.

Yes bitcoin is getting popular now and many new users have joined the community in recent times, some of my friends have also started using bitcoin after I recommended them.
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May 18, 2016, 04:53:58 PM
 #832

I can confirm this. A lot of people are aware of Bitcoin as an alternative today. When I started with Bitcoin almost four years ago, most call me a fool when I try to talk about Bitcoin to them. But times has changed. When Craig Steven Wright was considered as Satoshi some weeks ago, and the media reported a lot of it, many people asked me about Bitcoin and how they could start with Bitcoin. The interest is growing and growing daily. Bitcoin has a bright future!

I don't think we need to worry about the future of bitcoin, as it is getting more popular day by day and it will reached to many people  worldwide in coming years.

I agree. The ecosystem is way advanced now for it to just disappear overnight. Options are becoming available where they weren't before. More and more people are getting involved.
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May 18, 2016, 05:32:34 PM
 #833

Looking at the present scenario I don't think that the future of bitcoin is weird, it will be very good and we will see the best price of bitcoin in coming years.
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May 18, 2016, 06:02:42 PM
 #834

Looking at the present scenario I don't think that the future of bitcoin is weird, it will be very good and we will see the best price of bitcoin in coming years.

I agree with you that future of bitcoin is very bright and in future we will see much higher price in coming days, so no need to worry about the future of bitcoin.
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May 18, 2016, 06:15:25 PM
 #835

according to me bitcoin will have a very good future and it will survive for longer or maybe till the end, and in the coming future it will have a very good value so it will be accepted internationally all over the world and will be international currency sooner.
Why we cannot call bitcoin now itself as the international currency?

Because we can send and receive bitcoin across borders.
we can buy anything online (online is usually not country specific).
Bitcoins has same value (almost, only differs with exchanges) to all the countries.

So, The future of bitcoin yet to achieve would be higher value of bitcoins.

and don't forget about No Tax in bitcoin transaction, you save arround 1%. because in my country, goverment will take 1% fee for each transaction  Cheesy

i hope in future goverment not adopt bitcoin because we must pay 1% fee for each transaction.

It really doesn't matter to me about the taxing factor as of right now, because I only see Bitcoin being a global success if it is capable of being fully functional to everyone at any given time.  This meaning that it has to be able to be fast and secure at the same time, in "Visa-like" fashion... this is a long way away, especially with no true solution proposed by the Bitcoin devs on the block size/lightning network issues.

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May 18, 2016, 06:44:42 PM
 #836

Looking at the present scenario I don't think that the future of bitcoin is weird, it will be very good and we will see the best price of bitcoin in coming years.

I agree with you that future of bitcoin is very bright and in future we will see much higher price in coming days, so no need to worry about the future of bitcoin.

What is your stand then? You just post that you are agree with him? What the sense? Be careful as we are in campaign.

Well @stromma44 , honestly we can really see the best price of bitcoin as it developed day by day. Tech and people will grow more resulting for more stable and strong bitcoin.

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May 18, 2016, 06:48:29 PM
 #837

I really don't know what is the future of bitcoin but I am hoping for the best that it will give me best return on my investments.
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May 18, 2016, 07:10:29 PM
 #838

I really don't know what is the future of bitcoin but I am hoping for the best that it will give me best return on my investments.


Best return on your investment? You need some good trading strategy and don't mind much the future but rather focus on the present action because it can dictate the future. If you are thinking about the future to give best return on your investment, take time first to show some nice monitoring in bitcoin price everyday so if ever it goes bad you can minimize your loss.

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May 18, 2016, 07:23:47 PM
 #839

I really don't know what is the future of bitcoin but I am hoping for the best that it will give me best return on my investments.


Best return on your investment? You need some good trading strategy and don't mind much the future but rather focus on the present action because it can dictate the future. If you are thinking about the future to give best return on your investment, take time first to show some nice monitoring in bitcoin price everyday so if ever it goes bad you can minimize your loss.

Personally, I don't have the time or the nerves for that day trading stuff... That's mind numbing bot work that you could implement on any exchange site if you really wanted too... I'm more concerned for the long term stuff, and as of right now, I'm not so sure about what's in store for Bitcoin.

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May 18, 2016, 08:28:29 PM
 #840

The future of the bitcoin is very good but of course I cannot predict this its just something that I think it will be good.
I have some good hope and the halving will maybe also help to it.
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