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Author Topic: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?  (Read 169485 times)
ajun96
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November 09, 2016, 11:36:04 PM
 #1141

2022 Is way too early, let's say about 2030, by then things will have changed a lot. People will be using it everywhere because they are going to be looking for a way to move money outside of the government radar and bitcoin will be the only gateway for freedom.
2022 is the way too early but the speed of bitcoin to success is also very faster and have crossed a longer way in a few years and is going to be a global currency in a shorter time so you will see 2022 that bitcoin will be everywhere and with everyone around you.

I agree with that. The 2022 is just 6 years from now. Not even 5% of the world population will use bitcoin then.

Consider some areas in the countries that doesn't have the same technology that we have.. remote areas which inaccessible in terms of internet. 2022 is really short but in the long years well definitely it's possible.
yeah I agree with you later think the year 2022 will not be too advanced technology in rural areas or some poor countries so it is very likely that in 2022 later, they have not been able to use the internet. how they access bitcoin right ? so I think, too early for 2022 to all human use bitcoin
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November 10, 2016, 01:11:59 AM
 #1142

2022 Is way too early, let's say about 2030, by then things will have changed a lot. People will be using it everywhere because they are going to be looking for a way to move money outside of the government radar and bitcoin will be the only gateway for freedom.
2022 is the way too early but the speed of bitcoin to success is also very faster and have crossed a longer way in a few years and is going to be a global currency in a shorter time so you will see 2022 that bitcoin will be everywhere and with everyone around you.

I agree with that. The 2022 is just 6 years from now. Not even 5% of the world population will use bitcoin then.

Consider some areas in the countries that doesn't have the same technology that we have.. remote areas which inaccessible in terms of internet. 2022 is really short but in the long years well definitely it's possible.
yeah I agree with you later think the year 2022 will not be too advanced technology in rural areas or some poor countries so it is very likely that in 2022 later, they have not been able to use the internet. how they access bitcoin right ? so I think, too early for 2022 to all human use bitcoin


Rather than targeting the whole population, we can narrow down to those who use the internet.  It is very possible that by the year 2022 if we are to consider those people who have access in the internet only that at least 80% will be using bitcoin as form of currency.  6 years is a long year for bitcoin and the adoption of bitcoin will be exponential once it resolves the problem with the confirmation time.

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Ziskinberg
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November 10, 2016, 01:36:02 AM
 #1143

2022 Is way too early, let's say about 2030, by then things will have changed a lot. People will be using it everywhere because they are going to be looking for a way to move money outside of the government radar and bitcoin will be the only gateway for freedom.
2022 is the way too early but the speed of bitcoin to success is also very faster and have crossed a longer way in a few years and is going to be a global currency in a shorter time so you will see 2022 that bitcoin will be everywhere and with everyone around you.

I agree with that. The 2022 is just 6 years from now. Not even 5% of the world population will use bitcoin then.

Consider some areas in the countries that doesn't have the same technology that we have.. remote areas which inaccessible in terms of internet. 2022 is really short but in the long years well definitely it's possible.
yeah I agree with you later think the year 2022 will not be too advanced technology in rural areas or some poor countries so it is very likely that in 2022 later, they have not been able to use the internet. how they access bitcoin right ? so I think, too early for 2022 to all human use bitcoin


Rather than targeting the whole population, we can narrow down to those who use the internet.  It is very possible that by the year 2022 if we are to consider those people who have access in the internet only that at least 80% will be using bitcoin as form of currency.  6 years is a long year for bitcoin and the adoption of bitcoin will be exponential once it resolves the problem with the confirmation time.
80% is too unrealistic, I would not think it will be that many for the adopters of bitcoin for the year 2022. I like your idea because you are to convince that bitcoin will be big in the near future but if you are dealing with some investment for the long term it's good to be realistic.

Not all people who uses internet are into online transactions as kids can also use internet to play games and even matured people who are focus in social media.

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groll
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November 10, 2016, 01:36:47 AM
 #1144

2022 Is way too early, let's say about 2030, by then things will have changed a lot. People will be using it everywhere because they are going to be looking for a way to move money outside of the government radar and bitcoin will be the only gateway for freedom.
2022 is the way too early but the speed of bitcoin to success is also very faster and have crossed a longer way in a few years and is going to be a global currency in a shorter time so you will see 2022 that bitcoin will be everywhere and with everyone around you.

I agree with that. The 2022 is just 6 years from now. Not even 5% of the world population will use bitcoin then.

Consider some areas in the countries that doesn't have the same technology that we have.. remote areas which inaccessible in terms of internet. 2022 is really short but in the long years well definitely it's possible.
yeah I agree with you later think the year 2022 will not be too advanced technology in rural areas or some poor countries so it is very likely that in 2022 later, they have not been able to use the internet. how they access bitcoin right ? so I think, too early for 2022 to all human use bitcoin


To think that everyone will be using bitcoin in the year 2022 is way tough for an anticipation. However, maybe if we assume in an increase of bitcoin users by that year is rather more likely to happen . You're so true that not all areas are already using internet. There are places that are not yet reached by the current technology and many people are not yet particular with the innovations happening in the technological world. So we cannot expect to have everyone using bitcoins in just short years. But in the future, perhaps, we could expect this to happen if we continue promoting bitcoins together with advanced technology to many people.
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November 10, 2016, 04:10:39 AM
 #1145

Look like this is so unlikely because even though Bitcoin has had some growth in the past few years from 2013 to 2016, adoption hasn't been growing at such a crazy rate. Maybe when more places start to accept it and it is easily convertable from FIAT.... don't see that soon

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November 10, 2016, 04:34:39 AM
 #1146

Look like this is so unlikely because even though Bitcoin has had some growth in the past few years from 2013 to 2016, adoption hasn't been growing at such a crazy rate. Maybe when more places start to accept it and it is easily convertable from FIAT.... don't see that soon

Bitcoin adoption should not be at a crazy rate, because in reality little by little bitcoin began to be used and adopted by some people. So in 2022 I'm sure almost everyone or the majority of people will be using bitcoin, although that's not all. Bitcoin will be an excellent alternative in 2022.
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November 10, 2016, 05:04:06 AM
 #1147

Certainly no. Some many people in other country have no idea in bitcoin. Besides, the age of bitcoin is not enough to replace our traditional way of paying goods or products.
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November 10, 2016, 01:21:47 PM
 #1148

In my opinion bitcoin will not be used for everyone, in any year. It could be a good money system accepted on lot of countries, but people doesn't want to have only one option.


well most likely after 6 years, bitcoin will be used by more people all over the world but there are countries where this won't be possible. some third world countries cannot afford to be reliant on digital currencies. even in most 1st world countries, where being online is available anywhere, people still would prefer to have fiat money in their pockets. so it may be used by more people but it would be like an option only for people same as how credit card is being used now

 
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November 10, 2016, 05:11:23 PM
 #1149

In my opinion bitcoin will not be used for everyone, in any year. It could be a good money system accepted on lot of countries, but people doesn't want to have only one option.


well most likely after 6 years, bitcoin will be used by more people all over the world but there are countries where this won't be possible. some third world countries cannot afford to be reliant on digital currencies. even in most 1st world countries, where being online is available anywhere, people still would prefer to have fiat money in their pockets. so it may be used by more people but it would be like an option only for people same as how credit card is being used now
The world is getting more developed year by year, its a question of time till we see some company that will invest into internet at those poor countries, wouldnt be the first time a bit corporation invest at poor countries using their low cost of work.
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November 10, 2016, 05:24:12 PM
 #1150

Look like this is so unlikely because even though Bitcoin has had some growth in the past few years from 2013 to 2016, adoption hasn't been growing at such a crazy rate. Maybe when more places start to accept it and it is easily convertable from FIAT.... don't see that soon

Bitcoin adoption should not be at a crazy rate, because in reality little by little bitcoin began to be used and adopted by some people. So in 2022 I'm sure almost everyone or the majority of people will be using bitcoin, although that's not all. Bitcoin will be an excellent alternative in 2022.

I doubt if bitcoin would reach that place by 2022 if the adoption rate stays where it is right now, because it is adoption that makes bitcoin to be used by more people in the world, so without any crazy rate of adoption it is not possible to reach all the world by that time i guess.
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November 10, 2016, 06:35:14 PM
 #1151

Taking into consideration that at 2020 the halving should put bitcoin once again at 1000 dollars, i do believe this will bring a huge mass of investment into bitcoin as well several new bitcoiners.
I think that halving will do the opposite just like it was this year. The price will fall and mining will become even harder, so it won't be a good time for Bitcoin. People may start using it even less then they do now in such a case. Why should halving put btc at 1000 dollars anyway? Because the price will naturally fall and then more people will start buying Bitcoin?

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November 10, 2016, 06:42:22 PM
 #1152

Look like this is so unlikely because even though Bitcoin has had some growth in the past few years from 2013 to 2016, adoption hasn't been growing at such a crazy rate. Maybe when more places start to accept it and it is easily convertable from FIAT.... don't see that soon

Bitcoin adoption should not be at a crazy rate, because in reality little by little bitcoin began to be used and adopted by some people. So in 2022 I'm sure almost everyone or the majority of people will be using bitcoin, although that's not all. Bitcoin will be an excellent alternative in 2022.

I doubt if bitcoin would reach that place by 2022 if the adoption rate stays where it is right now, because it is adoption that makes bitcoin to be used by more people in the world, so without any crazy rate of adoption it is not possible to reach all the world by that time i guess.


Adoption will surely go higher in next  6 years but that doesn't mean that it will be used by almost everyone as even at  that stage there will be many people who will prefer to use fiat money and traditional banking system as they may find risk in investing their money into it even if it gets on the mainstream.

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Clement Kaliyar
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November 10, 2016, 11:35:50 PM
 #1153

india started strict actions against illegal wealth and the government started proactive steps to counter it by banning 500 and 1000 rs currency i am sure people will adapt and i am sure there will be more regulations world wide which would make people invest in digital currency rather than trusting fiat.
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November 10, 2016, 11:58:23 PM
 #1154

humm, 2022 is about 5 years again. I very pessimists if almost peoples used bitcoin. I believe that Bitcoin will leading with many big currency from third countries. I sure that many countries will accept bitcoin as legal money.
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November 11, 2016, 02:05:40 AM
 #1155

humm, 2022 is about 5 years again. I very pessimists if almost peoples used bitcoin. I believe that Bitcoin will leading with many big currency from third countries. I sure that many countries will accept bitcoin as legal money.

I believe that it will have a big impact for those people who are living in the third world countries as they can have an opportunity with it.

But for those country, rich countries. I don't even know if they are interested to know what bitcoin really is. And with that timeframe,2022.

Impossible that everyone will use bitcoin on that year.

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November 11, 2016, 03:00:38 AM
 #1156

No, 2022 is still to early to be used by everyone, maybe it will be much popular but not more than that in my opinion.
2022 is not super far away and I think that the bitcoin needs more years to accomplish that.
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November 11, 2016, 03:33:30 AM
 #1157

No, 2022 is still to early to be used by everyone, maybe it will be much popular but not more than that in my opinion.
2022 is not super far away and I think that the bitcoin needs more years to accomplish that.


We can't predict the future, who knows, there might be a life changing event that could affect bitcoin in a good way... But that's true, in 2022 the surest thing to happen is that bitcoin will be popular but people might still be hesitant to use it, it really needs more years...  Smiley
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November 11, 2016, 03:39:56 AM
 #1158

No, 2022 is still to early to be used by everyone, maybe it will be much popular but not more than that in my opinion.
2022 is not super far away and I think that the bitcoin needs more years to accomplish that.


We can't predict the future, who knows, there might be a life changing event that could affect bitcoin in a good way... But that's true, in 2022 the surest thing to happen is that bitcoin will be popular but people might still be hesitant to use it, it really needs more years...  Smiley
Since this thread is posted in the Economics' Section, lets relate Bitcoin with supply and demand, we all know that Bitcoins has a limited quantity in which it can only be 21,000,000 after that nothing more can be mined by miners, so we have a limited supply. The demand part will be the tricky one as I know many people hoarded Bitcoin and holding it until now and is waiting for its Price to Boom. The demand for bitcoin will be the driver if it can be recognize by everyone in 2022
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November 11, 2016, 04:03:48 AM
Last edit: November 11, 2016, 04:38:57 AM by Snorek
 #1159

No, 2022 is still to early to be used by everyone, maybe it will be much popular but not more than that in my opinion.
2022 is not super far away and I think that the bitcoin needs more years to accomplish that.


We can't predict the future, who knows, there might be a life changing event that could affect bitcoin in a good way... But that's true, in 2022 the surest thing to happen is that bitcoin will be popular but people might still be hesitant to use it, it really needs more years...  Smiley
Since this thread is posted in the Economics' Section, lets relate Bitcoin with supply and demand, we all know that Bitcoins has a limited quantity in which it can only be 21,000,000 after that nothing more can be mined by miners, so we have a limited supply. The demand part will be the tricky one as I know many people hoarded Bitcoin and holding it until now and is waiting for its Price to Boom. The demand for bitcoin will be the driver if it can be recognize by everyone in 2022
And how exactly coin supply is gonna change adoption in any way? It would be a problem if bitcoin wouldn't be divisible, but it is (to 8 decimal places).
So coin cap limit of 21 million is not important at all, as the maximum amount of tokens is more than 2 quadrillion. I think it will be enough for everyone on Earth.
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November 11, 2016, 04:58:38 AM
 #1160

Taking into consideration that at 2020 the halving should put bitcoin once again at 1000 dollars, i do believe this will bring a huge mass of investment into bitcoin as well several new bitcoiners.
although the price of bitcoin will explode in a few years I would not think that bitcoin users will encompass the whole world, still too short for bitcoin to have a very large user

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