m5city
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Activity: 30
Merit: 0
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January 08, 2017, 02:28:47 PM |
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if everyone have a smart phone, it may happen!
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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GMPoison
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January 08, 2017, 08:27:28 PM |
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If Bitcoin could solve the volatility issue, it might gain more traction as a currency. People just use it to speculate (gamble) right now because it's so volatile. It's not useful as a currency when it swings wildly in value because the essential function of a currency is to maintain value. Bitcoin has never done this for any meaningful stretch in its short life.
I believe over time the volatility is supposed to decrease due to the nature of the ever decreasing reward from mining. I think it's a good thing though. At the beginning of the currency it's volatile and attracts a lot of attention, then over time - even if "over time" may be years or decades - it becomes less volatile and more accepted world wide. |
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ifightformerkel
Legendary
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Activity: 1386
Merit: 1000
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January 08, 2017, 09:02:23 PM |
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Yes i think so.
2022 will be in 5 years, i predict a price of xx.000 Dollar per 1 BTC
and i think that at this year bitcoin will be one of the leading money systems that everyone will knew.
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BeGoods
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Activity: 1372
Merit: 1008
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January 08, 2017, 11:22:48 PM |
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Yes i think so.
2022 will be in 5 years, i predict a price of xx.000 Dollar per 1 BTC
and i think that at this year bitcoin will be one of the leading money systems that everyone will knew.
I think that's too much, I do not think in the near future or next 5 years almost all people will use bitcoin, whereas within one year only few people who adopt bitcoin it took a very long process to reach that stage |
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ArtPlayer
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Activity: 22
Merit: 0
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January 08, 2017, 11:28:58 PM |
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Even without being used by your average Joe, Bitcoin has a huge value as a store of value and a purely financial asset. It's difficult to imagine a term for mainstream adoption, and actually not unlikely that Bitcoin would be overtaken by some other crypto for everyday spendings; especially if they keep failing to solve the blocksize issue.
However its inertia, ledger and reliability make it a pretty strong instrument for investment purposes, even if only a tiny fraction of the world population is made directly aware of its existence.
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markyminer
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January 08, 2017, 11:39:40 PM |
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I hope so this can happen !
As we know bitcoin value already reach $ 1000 / btc on some exchanger. This will attract goverment attention especially my goverment because they still forbid usage
I think the price of bitcoin only temporarily stopped and will return fluctuate up and down, with the price rise will probably add a user, but I'm not sure in a very short time bitcoin users can get up to all of humanity? there is already such a big ups and down in the price of bitcoin. i think the present decrease in the price of bitcoin is a temporary and very soon the price is going to start increasing very soon. |
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The_Dark_Knight
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January 10, 2017, 01:43:50 AM |
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We dont need countries regulamentacion, if they recognize bitcoin as currencie or asset it will be taxed, and since they havent anyone under bitcoin, decentralization may have a high tax. We keep growing as bitcoin value, soo there is no way to be stopped at the moment, soon or later bitcoin will be well know and used from each person, if not bitcoin directly we will use some altcoins, since are much more cheaper.
That's too positive assumption, it will never be used by each person, bitcoin users are not even hitting the 1% of the total popular yet, where did you get that prediction? It's too early to tell, there are more trials to come. No more than 5% of the population will use it. yes i also think so, i think even 5 % is a little more may be 3 % or 4 % of total population will be using bitcoin in 2022. because still not a 1 percent of people are using bitcon, ans still in most of the areas people do not know any thing about bitcoin. Let's not forget. There aren't many things to use Bitcoin on in the first place. But this is only a temporary thing as more people begin to accept bitcoin more merchants will see an opportunity to make money and with that the products and services that you can buy with bitcoin is going to increase. |
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runningm520
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January 10, 2017, 04:27:49 AM |
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It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
2022 is 6 years later,its short time to bitcoin for being used by everyone in this world,i said its impossible,not enough for bitcoin just in 6 years tobe conquer this world and replacing fiat,as we know since founded 2009,bitcoin have passed 7 years,and until now bitcoin not used by everyone. Perhaps 5 to 10 years, more people began to accept bitcoin, more businesses will see an opportunity to make money.You have to believe that now is the information age, the development is very rapid. |
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bncbnc
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January 10, 2017, 03:44:54 PM |
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It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
2022 is 6 years later,its short time to bitcoin for being used by everyone in this world,i said its impossible,not enough for bitcoin just in 6 years tobe conquer this world and replacing fiat,as we know since founded 2009,bitcoin have passed 7 years,and until now bitcoin not used by everyone. Perhaps 5 to 10 years, more people began to accept bitcoin, more businesses will see an opportunity to make money.You have to believe that now is the information age, the development is very rapid. i think people have already started accepting bitcoin, but their number is still very low. i am hopeful that i future the number of bitcoin uses will increase and i can expect that in 2022 the number of bitcoin uses will be more that 5 %. |
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richardsNY
Legendary
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Activity: 1232
Merit: 1091
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January 10, 2017, 04:27:09 PM |
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It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
2022 is 6 years later,its short time to bitcoin for being used by everyone in this world,i said its impossible,not enough for bitcoin just in 6 years tobe conquer this world and replacing fiat,as we know since founded 2009,bitcoin have passed 7 years,and until now bitcoin not used by everyone. Perhaps 5 to 10 years, more people began to accept bitcoin, more businesses will see an opportunity to make money.You have to believe that now is the information age, the development is very rapid. i think people have already started accepting bitcoin, but their number is still very low. i am hopeful that i future the number of bitcoin uses will increase and i can expect that in 2022 the number of bitcoin uses will be more that 5 %. It's just not realistic to think that we will reach 5% of the world population by that time. 5% of a population of +7 billion is 350 million people. I think that's a bit too much to ask for at this point. Mainly because I don't even think we'll get to the 1% mark in these 5 years. I hope I am wrong of course, but that's just me being realistic. |
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Ewinsane
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January 10, 2017, 06:26:24 PM |
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i am sure that bitcoin will be used by everyone in 2022 because bitcoin getting too much popularity day by day and a lot of people adopting bitcoin in huge amount and people are getting awareness quickly about bitcoin so i hope bitcoin will be used worldwide in the future.
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Tanic
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January 10, 2017, 06:50:53 PM |
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i am sure that bitcoin will be used by everyone in 2022 because bitcoin getting too much popularity day by day and a lot of people adopting bitcoin in huge amount and people are getting awareness quickly about bitcoin so i hope bitcoin will be used worldwide in the future.
I really doubt that people in villages who don't have a computer or people in reservations or Amis will use bitcoin is 3 years. It's silly to think that bitcoin is going be used by everyone in 5 years. By the around calculation bitcoin will be used by 1 mlrd of people in general. |
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rizkyhiw
Legendary
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Activity: 1484
Merit: 1004
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January 11, 2017, 12:31:47 AM |
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i am sure that bitcoin will be used by everyone in 2022 because bitcoin getting too much popularity day by day and a lot of people adopting bitcoin in huge amount and people are getting awareness quickly about bitcoin so i hope bitcoin will be used worldwide in the future.
I really doubt that people in villages who don't have a computer or people in reservations or Amis will use bitcoin is 3 years. It's silly to think that bitcoin is going be used by everyone in 5 years. By the around calculation bitcoin will be used by 1 mlrd of people in general. Yeah since bitcoin required a gadget and internet access to make a transaction I think people around the world have to use internet in mass first Before making everyone use bitcoin in mass , it was sad fact indeed But we have to keep moving and give your best support for bitcoin development to make it happen. |
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passwordnow
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January 11, 2017, 12:45:17 AM |
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Yes i think so.
2022 will be in 5 years, i predict a price of xx.000 Dollar per 1 BTC
and i think that at this year bitcoin will be one of the leading money systems that everyone will knew.
I hope also that the price of bitcoin will be 5 digits but it is still not going to happen that it will be adopted by most of us. We are going to see if bitcoin will be the leading money system when 3 years has passed. I guess that will be enough to see what will be the progress of bitcoin by that time. But I don't think it will be used by almost everyone. |
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The_Dark_Knight
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January 11, 2017, 01:38:37 AM |
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Not really ,bitcoin willl always have competitors, and I have a feeling that 50% of the population will be either too dumb, or too ignorant to use Bitcoin ,forever.
Bitcoin is only for smarter people who can start up a PC, download the wallet and have some basic understanding about money.
Yes there are many idiots in bitcoin still, but at least we are still smarter than the others.
Although you use some harsh words, I think you are speaking the truth, using cash is very simple and even if I think using bitcoin is really simple, there are going to be people that are not going to be able to use bitcoin because they don't understand it. |
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jaysabi
Legendary
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Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
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January 11, 2017, 01:50:34 AM |
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If Bitcoin could solve the volatility issue, it might gain more traction as a currency. People just use it to speculate (gamble) right now because it's so volatile. It's not useful as a currency when it swings wildly in value because the essential function of a currency is to maintain value. Bitcoin has never done this for any meaningful stretch in its short life.
I believe over time the volatility is supposed to decrease due to the nature of the ever decreasing reward from mining. I think it's a good thing though. At the beginning of the currency it's volatile and attracts a lot of attention, then over time - even if "over time" may be years or decades - it becomes less volatile and more accepted world wide. I wouldn't expect volatility to be impacted much by the falling origination rewards. It's volatile because of speculative traders, not miners. Further, by the time the rewards fall low enough, mining fees will increase substantially to offset the lost income for miners, and that will make transactions too costly for many people. At that point, Bitcoin will have other problems. |
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Dux2K
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Activity: 1022
Merit: 1000
Blocklancer - Freelance on the Blockchain
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January 11, 2017, 09:03:30 PM |
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Yes i think so.
2022 will be in 5 years, i predict a price of xx.000 Dollar per 1 BTC
and i think that at this year bitcoin will be one of the leading money systems that everyone will knew.
I hope also that the price of bitcoin will be 5 digits but it is still not going to happen that it will be adopted by most of us. We are going to see if bitcoin will be the leading money system when 3 years has passed. I guess that will be enough to see what will be the progress of bitcoin by that time. But I don't think it will be used by almost everyone. Fact that price may be in 5 digits doesn't mean that more people will be using it That might change if more countries accept it as currency but not in other way |
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mornabo
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January 11, 2017, 09:50:40 PM |
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i am sure that bitcoin will be used by everyone in 2022 because bitcoin getting too much popularity day by day and a lot of people adopting bitcoin in huge amount and people are getting awareness quickly about bitcoin so i hope bitcoin will be used worldwide in the future.
nope too difficult even I would say it was impossible bitcoin user will have all people in the next 5 years. in fact I doubt it will happen despite the 10 years to come though. I think this is not just about the time, but the hater is not possible to use bitcoin |
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The_Dark_Knight
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January 12, 2017, 02:05:42 AM |
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Yes i think so.
2022 will be in 5 years, i predict a price of xx.000 Dollar per 1 BTC
and i think that at this year bitcoin will be one of the leading money systems that everyone will knew.
I hope also that the price of bitcoin will be 5 digits but it is still not going to happen that it will be adopted by most of us. We are going to see if bitcoin will be the leading money system when 3 years has passed. I guess that will be enough to see what will be the progress of bitcoin by that time. But I don't think it will be used by almost everyone. Fact that price may be in 5 digits doesn't mean that more people will be using it That might change if more countries accept it as currency but not in other way There are not a lot of ways for bitcoin to reach 5 digits without a great number of persons adopting bitcoin, the only other scenario that I can picture is if there was a great problem with fiat inflation in the future. |
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jseverson
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January 12, 2017, 02:42:59 AM |
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i am sure that bitcoin will be used by everyone in 2022 because bitcoin getting too much popularity day by day and a lot of people adopting bitcoin in huge amount and people are getting awareness quickly about bitcoin so i hope bitcoin will be used worldwide in the future.
nope too difficult even I would say it was impossible bitcoin user will have all people in the next 5 years. in fact I doubt it will happen despite the 10 years to come though. I think this is not just about the time, but the hater is not possible to use bitcoin It's not impossible dude because bitcoin becoming popular now and maybe 5years from now it will be used by almost everyone "almost" not totally everyone. |
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