|
katiecbell
|
 |
September 30, 2017, 06:18:15 AM |
|
Although bitcoin will be used by 90% or even more people all over the world, I'm sure it wont destroy FIAT. Most countries will still use fiat as their official currency/payment method instead of btc.
Yes I believe that in 2022 most of the people was using bitcoin as alternative way to get extra income , but I also agree that it will not destroy fiat since it is part of our daily lives since then it serves as one of the feature for a country to be known and it is their maybe signature. I agree with your both points. There are indeed very little chances of fist disappearing forever but maximum chances for bitcoins to be sued by everyone with fiat almost after five years from now. I think we should not waste time waiting for everyone to get into bitcoins market rather utilize this time to buy bitcoins more and more at cheap rates. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
Mailly
Newbie
 Offline
Activity: 42
Merit: 0
|
|
September 30, 2017, 09:23:11 PM |
|
properly its gonna require great support from us for this to be take place !Atm the lender are attempting to obstacle bitcoin with viva wallet applications and factors like that, that you can shell out with your cellphone ,
|
|
|
|
|
|
Hexah
|
|
September 30, 2017, 09:45:08 PM |
|
No, I don't think it will go to that part because as far as I know the adoption of bitcoin in the world by now is not yet at its highest and neither do they know also about bitcoin. A fiat system is an important aspect in the world and all definitely used it and only few used bitcoin as mode of payment. If your prophecy would happened maybe it will take time before it will really be implemented that no one used a fiat money in an economy.
|
|
|
|
|
Hawkers7
Member
Offline
Activity: 103
Merit: 10
“OPEN GAMING PLATFORM ”
|
|
September 30, 2017, 11:53:09 PM |
|
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.
I think in 2020, bitcoin will only be popular and exposed to people but not all of them will use bitcoin or even have interest in bitcoin. Since not all of us have prior knowledge in technologies and computers, only those people with thar kind of knowledge and skills will be interested in bitcoin and will start earning it. |
|
|
|
mikchail
Newbie
Offline
Activity: 44
Merit: 0
|
|
October 01, 2017, 06:14:39 AM |
|
I'd like to consider about it, that everybody is making use of Bitcoin simply because we know how it is simple to use, with just a single simply click you can deliver and acquire payment. And I feel that Bitcoin is secured and for certain the protection will get stricter as the time comes. So, if every person is employing it, then we can very easily handle our budget 'cause it's just in the screen of our Cell gadgets.
|
|
|
|
|
natsu_koo
Member
Offline
Activity: 186
Merit: 10
|
|
October 01, 2017, 06:30:41 AM |
|
...
Will BTC be used by almost everyone in 2022?
Nope. I know very few "Millennials" who use it, yet they are the most connected people around. There is no way that my Boomer generation will adopt BTC as is, it's just too complicated and clumsy. "Not ready for primetime."
There are not enough merchants who accept it. In my eyes, this is perhaps the major stumbling block.
There is ALWAYS the possibility of unknown types of future attacks (of various sorts) against the Bitcoin Ecosystem.
BTC is too volatile for mass use.
While I wish BTC well (and have a nice little stake), I think it will move slowly.
Bitcoin will be used by everyone if those who are not interested in it will be interested in the future. |
|
|
|
|
ongels
|
|
October 01, 2017, 06:51:14 AM |
|
In my own opinion, i don't think so, there are places that are hard to reach by electricity and computer technology, We need to consider some factors which affects them to locate, Maybe not early as 2022, Or some other century maybe, and if ever it happens all of the places are equiped with computer gadgets and connections to sustain the consistency of transactions anywhere we go.
|
|
|
|
|
fedora8
Newbie
Offline
Activity: 38
Merit: 0
|
|
October 01, 2017, 07:21:42 AM |
|
well its gonna require wonderful help from us for this to be come about !Atm the bank are attempting to problem bitcoin with viva wallet applications and items like that, that you can spend with your cellphone ,
|
|
|
|
|
|
SaShiRaJaVu
|
|
October 01, 2017, 08:03:12 AM |
|
well its gonna require wonderful help from us for this to be come about !Atm the bank are attempting to problem bitcoin with viva wallet applications and items like that, that you can spend with your cellphone ,
I am not looking forward to see more people using bitcoin and we do not need to do anything,the difference between conventional banking system and bitcoin is that bitcoin is decentralized and people are looking to that concept rather than any rules and regulations by any government which could manipulate the system and that wont be the case with bitcoin. |
|
|
|
|
Michael_Token
Newbie
Offline
Activity: 38
Merit: 0
|
|
October 01, 2017, 09:38:30 AM |
|
I don't think almost everyone will ever use bitcoin.
Many people don't like virtual currency, and prefer paper currencies, or just a bank account.
It's an individual choice.
|
|
|
|
|
|
fiulpro
|
|
October 01, 2017, 09:43:23 AM |
|
Well not necessarily everyone because for example see China has banned the bitcoins exchange thus... It won't let the people possessing bitcoins in China to participate also keep in mind that the China is the most populated country in the world and every 5th Person is from.China.. Thus there is already a sector thats not allowed to use bitcoins which nullifies the future possibility of EVERYONE using bitcoins.
|
|
|
|
d4z
Newbie
Offline
Activity: 35
Merit: 0
|
|
October 01, 2017, 09:50:12 AM |
|
2022 is a bit too fast I think. In the future it will be used a lot more definitely but if it will overthrow everything, not sure if it will be bitcoin.
|
|
|
|
|
|
lordquanta
|
|
October 01, 2017, 10:08:56 AM |
|
In my own opinion, i don't think so, there are places that are hard to reach by electricity and computer technology, We need to consider some factors which affects them to locate, Maybe not early as 2022, Or some other century maybe, and if ever it happens all of the places are equiped with computer gadgets and connections to sustain the consistency of transactions anywhere we go.
Along with above reasons, there are some other reasons why bitcoin may not be used by everyone in near future. Bitcoin originated as currency however its value has increased so much so that it has become a commodity. In order to become a currency entity needs to be easily accessible and appropriately valued. At this stage bitcoin has became next stage of gold. There was time in history where gold was a currency through out. Then came a time where value of gold coin was more than its legal tender. This resulted in people melting gold coins to get more value. Since inception of paper notes, plastic money gold become obsolete as day to day currency. Bitcoin has already gone beyond this stage where it is more valuable to have bitcoin than use it for currency. Thus there needs to be more effective way to get bitcoin back to the currency. |
|
|
|
|
|
Cocobrayy
|
|
October 01, 2017, 10:13:54 AM |
|
Well not necessarily everyone because for example see China has banned the bitcoins exchange thus... It won't let the people possessing bitcoins in China to participate also keep in mind that the China is the most populated country in the world and every 5th Person is from.China.. Thus there is already a sector thats not allowed to use bitcoins which nullifies the future possibility of EVERYONE using bitcoins.
Yes, you really do not have to wait for 2022. because now China's central bank has banned local companies to stop transactions related to virtual money, So I do not think there is a bitcoin that will be used almost every person in 2022. |
|
|
|
|
|
valentine401
|
|
October 01, 2017, 01:18:41 PM |
|
2022 is a bit too fast I think. In the future it will be used a lot more definitely but if it will overthrow everything, not sure if it will be bitcoin.
That will be depending on the country you are living in, The government will decide if their people will going to use virtual money or if they were going to allow it to circulate in the entire country because probably it will affect their own currency. |
|
|
|
|
|
Xenophoto
|
|
October 01, 2017, 02:29:24 PM |
|
In my own opinion, i don't think so, there are places that are hard to reach by electricity and computer technology, We need to consider some factors which affects them to locate, Maybe not early as 2022, Or some other century maybe, and if ever it happens all of the places are equiped with computer gadgets and connections to sustain the consistency of transactions anywhere we go.
Along with above reasons, there are some other reasons why bitcoin may not be used by everyone in near future. Bitcoin originated as currency however its value has increased so much so that it has become a commodity. In order to become a currency entity needs to be easily accessible and appropriately valued. At this stage bitcoin has became next stage of gold. There was time in history where gold was a currency through out. Then came a time where value of gold coin was more than its legal tender. This resulted in people melting gold coins to get more value. Since inception of paper notes, plastic money gold become obsolete as day to day currency. Bitcoin has already gone beyond this stage where it is more valuable to have bitcoin than use it for currency. Thus there needs to be more effective way to get bitcoin back to the currency. And what exactly is the "appropriate value" of bitcoin? I think we have no other answer but the current price of bitcoin. You can't say that bitcoin's price should be a dollar because clearly that is not the price of bitcoin and people are going to be more than happy to pay for one bitcoin a dollar and have it sold for $4300. Why do people keep on saying that bitcoin should be used as a currency and nothing else? I mean, let the coin be what it is and there's nothing that you can do even if you continuously assert that bitcoin should be a currency and not a commodity. Bitcoin is going to be what it is but what it will be will not depend on our opinion. It will depend on the events and fact that bitcoin has become more of a speculative asset rather than a currency. |
|
|
|
Toxicsoul
Newbie
Offline
Activity: 10
Merit: 0
|
|
October 01, 2017, 03:36:58 PM |
|
In my own opinion, i don't think so, there are places that are hard to reach by electricity and computer technology, We need to consider some factors which affects them to locate, Maybe not early as 2022, Or some other century maybe, and if ever it happens all of the places are equiped with computer gadgets and connections to sustain the consistency of transactions anywhere we go.
Along with above reasons, there are some other reasons why bitcoin may not be used by everyone in near future. Bitcoin originated as currency however its value has increased so much so that it has become a commodity. In order to become a currency entity needs to be easily accessible and appropriately valued. At this stage bitcoin has became next stage of gold. There was time in history where gold was a currency through out. Then came a time where value of gold coin was more than its legal tender. This resulted in people melting gold coins to get more value. Since inception of paper notes, plastic money gold become obsolete as day to day currency. Bitcoin has already gone beyond this stage where it is more valuable to have bitcoin than use it for currency. Thus there needs to be more effective way to get bitcoin back to the currency. And what exactly is the "appropriate value" of bitcoin? I think we have no other answer but the current price of bitcoin. You can't say that bitcoin's price should be a dollar because clearly that is not the price of bitcoin and people are going to be more than happy to pay for one bitcoin a dollar and have it sold for $4300. Why do people keep on saying that bitcoin should be used as a currency and nothing else? I mean, let the coin be what it is and there's nothing that you can do even if you continuously assert that bitcoin should be a currency and not a commodity. Bitcoin is going to be what it is but what it will be will not depend on our opinion. It will depend on the events and fact that bitcoin has become more of a speculative asset rather than a currency. I agree with you i don't think bitcoin will be a coin it will become even bigger you can maybe pay with it like you can pay with paypal people will use to pay with bitcoins and that will be a new way. |
|
|
|
|
|
carlisle1
|
|
October 01, 2017, 04:18:46 PM |
|
2022 is a bit too fast I think. In the future it will be used a lot more definitely but if it will overthrow everything, not sure if it will be bitcoin.
That will be depending on the country you are living in, The government will decide if their people will going to use virtual money or if they were going to allow it to circulate in the entire country because probably it will affect their own currency. good point if your country will support crypto then you will able to see all major functions of local fiat can be done as well using bitcoin but its hard to see those government which willing to give it up and use this currency aside from the coin will be centralized from that specific place. |
|
|
|
|
|
davids
|
|
October 01, 2017, 05:00:17 PM |
|
I do not think in the near future or next 5 years almost all people will use bitcoin. people just use it to speculate right now because it's so volatile. It's not useful as a currency because the essential function of a currency is to maintain value.
|
|
|
|
|
|
arpon11
|
|
October 01, 2017, 05:02:24 PM |
|
I doubt if this is possible as 2020 is about five years from now. I have tried to introduce bitcoin and cryptocurrency to everyone I meet but it seems many people did not know any thing about bitcoin and others cryptocurrency and it will take a very long time for bitcoin to be use by almost everybody.
|
|
|
|
|
|
