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asrilani
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June 05, 2016, 01:13:38 PM |
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In 20 years I would be able to use BTC at the grocery store as well as at a car dealer.
Well maybe bitcoin will be used that time as the government will going to promote cashless society and I'm sure bitcoin will be use as the medium of that kind of society. So that will happen for sure in 20 years that you can buy grocery with the use of bitcoin and more stores are going to accept bitcoins that time and even those car dealer. There will be many bitcoin credit cards and debits in a few years. I think many conventional banks will offer such service. |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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the_poet
Legendary
 Offline
Activity: 1137
Merit: 1035
Bitcoin accepted here
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June 05, 2016, 01:23:39 PM |
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In 20 years I would be able to use BTC at the grocery store as well as at a car dealer.
Well maybe bitcoin will be used that time as the government will going to promote cashless society and I'm sure bitcoin will be use as the medium of that kind of society. So that will happen for sure in 20 years that you can buy grocery with the use of bitcoin and more stores are going to accept bitcoins that time and even those car dealer. There will be many bitcoin credit cards and debits in a few years. I think many conventional banks will offer such service. My idea is that, by then, a number of banks (or, ideally, all of them) will offer Bitcoin wallet services and credit/debit cards which will allow you to pay in the same way you do now. This is the only way for Bitcoin to explode. In the future I don't see the average Joe using smartphones, QR code scanning, etc. |
Under construction.
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QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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June 05, 2016, 02:25:42 PM |
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I have a feeling we're all going to look back in 20 years and say: oh yeah, I remember Geoworks Ensemble.
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Labumi
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June 05, 2016, 02:30:18 PM |
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Who knows what happen to me or to bitcoins in 20 years, maybe bitcoins will be cheap or maybe it will be very expenicve. It's really depends on time
It is some of the reasons that might happen, but I would argue that bitcoin in 20 years will have a very large increase, the increase of the number of users and the increase of the price of a very profitable. Because it was a few years Bitcoin very significant growth gave and still survived until whenever. |
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n2004al
Legendary
Offline
Activity: 1134
Merit: 1000
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June 05, 2016, 03:14:09 PM |
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Greetings all. I'd like to know what you would do if your bitcoin did one of the following, as I am a little confused about what I'll do myself...
What would you do if:
Bitcoin hit $1,000,000:
Bitcoin hit $1,000 again:
Bitcoin stayed where it was:
Bitcoin became worthless, or a few cents:
And which of these do you think is most probable?
Thanks for your opinions,
-Lags
The main aim that I have regarding my bitcoins is to pay the college of my daughters. Then to see and to do. If will be more will use those to buy house for them and their families. At the end, if there will be more, to enjoy my life and my the life of my daughters families. The rest for the grandchildren. |
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BossMacko
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June 05, 2016, 03:51:33 PM |
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one of my opinion this is, maybe after 20 years if the bitcoin will be successful until that day there's a big change that everyone are bitcoin oriented and everyone are using bitcoin, if that's the case, new technology will be made and you need bitcoin to use it, maybe that day almost everything could be bought by the use of bitcoin, transport fee, foods, electricity fee, rent fee, water fee and alot more, the transaction process will be like how we transact bitcoin today, smooth and very fast. Bitcoin hit $1,000,000: i will sell every bitcoin i have Bitcoin hit $1,000 again: i will sell every bitcoin i have also Bitcoin stayed where it was: will hold it until price goes very high Bitcoin became worthless, or a few cents: if this happens you already lose, so i will still keep my bitcoin and pray that someday price will go up again. And which of these do you think is most probable? maybe bitcoin hit 1,000$ or bitcoin will became worthless because who knows a new and better coin will be release in the future  |
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dinda22
Legendary
Offline
Activity: 1232
Merit: 1000
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June 05, 2016, 03:52:06 PM |
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I will continue to do so as usual, continue to make a profit and grow. but when looking at a very high price, it will sell, not all only partially
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Sniper44
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June 05, 2016, 04:18:08 PM |
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in 20 years from now i would like to see bitcoin having a price of higher than $5000 or even more and most of all i would like to be able to have enough money by then so that i can buy a house (or maybe even sooner)
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to the moon with bitcoin...
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BitcoinPaw
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June 05, 2016, 06:20:52 PM |
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20 years, i don't know what would happen tomorrow, it's so hard question for me cause i like to live today, not tomorrow. I prefret just to see what will happen.
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linzulu
Newbie
Offline
Activity: 4
Merit: 0
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June 05, 2016, 06:30:13 PM |
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Bitcoin hit $1,000,000:
I would buy a house, pay off anything debt I have.
yuep.
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darkmagician
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June 05, 2016, 06:30:29 PM |
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I will sell it ,as long as it has a value after 20 year then i will sell all of it and make profit even just a little bit..and give the money to my grand children
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Betwrong
Legendary
Offline
Activity: 3276
Merit: 2151
I stand with Ukraine.
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June 05, 2016, 06:31:30 PM |
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Greetings all. I'd like to know what you would do if your bitcoin did one of the following, as I am a little confused about what I'll do myself...
What would you do if:
Bitcoin hit $1,000,000:
Bitcoin hit $1,000 again:
Bitcoin stayed where it was:
Bitcoin became worthless, or a few cents:
And which of these do you think is most probable?
Thanks for your opinions,
-Lags
If in 20 years Bitcoin hits $1,000,000 I'll take my 1 Bitcoin (if I'll save my 1 Bitcoin which I have now till that time) and will live happily ever after. ) $1,000,000 where I live is enough for 2 people to live 80 years a pretty wealthy life. |
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ElpadroBitcoin
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June 06, 2016, 08:18:04 AM |
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In 20 years I'd be pretty happy if I could buy groceries and pay my bills exclusively and directly with Bitcoin... The rest might take some time and it might not even be Bitcoin as we know it powering it What I would do in 20 years with Bitcoin is something I have not thought allot about. It also is going to depend on how much money I will make in the future of Bitcoin. I would like to buy a nice car that is something I do know. |
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iqlimasyadiqa
Legendary
Offline
Activity: 1596
Merit: 1011
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June 06, 2016, 08:21:45 AM |
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buy all existing bitcoin. I want to be someone who has the largest bitcoin. with that I can influence and manipulate the price of bitcoin on the market.
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asrilani
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June 06, 2016, 10:21:05 AM |
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In 20 years, my 1 bitcoin will be worth around 0.5 to 10 million dollars. So I will use it to buy many things.
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romero121
Legendary
Offline
Activity: 3164
Merit: 1213
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June 06, 2016, 10:36:22 AM |
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In 20years time like those early adopters holding 1000's of bitcoin I too need to hold a huge number of bitcoin. The price of bitcoin too needs to be high than other digital currencies as it is now.
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_Victory_
Member
Offline
Activity: 90
Merit: 10
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June 06, 2016, 11:42:02 AM |
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I think there is some chance bitcoin will be illegal in 7 -10 years. Governments do no like money they can not control. If they decide to pass laws to make everyone who has bitcoin a criminal, then bitcoin will have no value. Of course if this does not happen, then btc will just continue to rise with demand.
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lixer
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June 06, 2016, 11:44:32 AM |
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in 20 years from now i would like to see bitcoin having a price of higher than $5000 or even more and most of all i would like to be able to have enough money by then so that i can buy a house (or maybe even sooner)
I wouldn't actually count on that, being a single bitcoin priced at more than $5000, unless in that span of time, the trend is that bitcoins are used to buy luxuries like real estate, cars, branded items, lands, etc. |
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saiha
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June 06, 2016, 02:07:09 PM |
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I will continue to do so as usual, continue to make a profit and grow. but when looking at a very high price, it will sell, not all only partially
me too, I'm will just continue what I used to do with bitcoin, but of course in that time, I think I have so many savings on that years. And I'm going to spend it the way I want to and I will buy the things that are one of my dreams, like house and lot, cars and other things that I want. |
Vires in Numeris
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KaliLinux
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June 07, 2016, 06:22:57 PM |
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I will continue to do so as usual, continue to make a profit and grow. but when looking at a very high price, it will sell, not all only partially
me too, I'm will just continue what I used to do with bitcoin, but of course in that time, I think I have so many savings on that years. And I'm going to spend it the way I want to and I will buy the things that are one of my dreams, like house and lot, cars and other things that I want. According to the users of BTC in now a days this will create a standard currency system in upcoming years. However I didn't see anyone hates BTC so probably users will increase and value as well. |
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