fujyo86
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May 12, 2017, 02:52:23 PM |
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There are only max 21M bitcoins, so there can be only 21M people that have one btc. So if it goes really mainstream it can go much higher and it's also a counterweight to fiat money.
The advantage of using a cryptocurrency like bitcoin is that you can divide the coin to millions divisions. The lowest fiat denomination is the 5 cents coin (0.05 unit). People don't have to carry 1 BTC exactly so bitcoins having a limitation of 21 million isn't a problem at all. The amount of bitcoins in circulation is probably much less than 21 millions though, but we'll never know of course. "So if it goes really mainstream it can go much higher" - The supply wouldn't increase just because people are already using bitcoins. People simply have to settle about the fact that bitcoin is scarce and that's what gives it value (i.e. supposed that there's unlimited supply of bitcoin, then it will be valueless) Very potential. Bitcoin will be known and used by almost everyone in the world, and I expect before 2022 it has happened. The bitcoin exchange rate will continue to increase as difficulty in mining. Influenced by technology adopted by entrepreneurs to expand its business wings.
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Aleister Crowley
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May 12, 2017, 04:13:50 PM |
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Looking at how its value has evolved over the years,it won't be used by everyone but I believe its exchange rate will be much higher.
It won't be used? Look how the price are swollen, you think people especially investors will let this slip away. And when people knew about these they will be willingly make some investments in these digital currency too. And in 2022, I think many countries accepted bitcoin but still secondary payment, some problems solved but new problems emerged. yeah the next few years may very well be breakthrough years for btc and its not impossible that almost everyone would have come across it even once. I agree that soon more countries will be adopting and legalizing btc which will make it accessible to more and more people. Yaps, technological advances are very fast growing, bitcoin being a technology that has good predictions in the coming year, though I do not know when bitcoin will be recognized by the world, in 2022 or next year, we all do not know. But from now on we can see and predict its progress, imagine if bitcoin is really used by everyone, maybe i can pay parking money using bitcoin in the future .. i'm sure we all have good hope about bitcoin in the future,.. Let's wait for that good wish to come
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rhamzter
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May 12, 2017, 11:17:49 PM |
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I think it was used until 2022, due to bitcoin price in the market was still raised up. I'm just looking forward that all markets were accept Bitcoin as exchange of their goods, services and products. Also I think in 2022 value of Bitcoin were raised up.
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tabas
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May 12, 2017, 11:40:45 PM |
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I think it was used until 2022, due to bitcoin price in the market was still raised up. I'm just looking forward that all markets were accept Bitcoin as exchange of their goods, services and products. Also I think in 2022 value of Bitcoin were raised up.
It will be used not just until 2022 but as long as there is a high market cap bitcoin will be used for better. But with the time frame that assuming everyone will be using bitcoin on that year. That is impossible to happen because I know that people will know and heard bitcoin by that time but still they are not going to adopt it completely.
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mornabo
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May 12, 2017, 11:45:27 PM |
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I think it was used until 2022, due to bitcoin price in the market was still raised up. I'm just looking forward that all markets were accept Bitcoin as exchange of their goods, services and products. Also I think in 2022 value of Bitcoin were raised up.
I think though the bitcoin price keeps going up it will not guarantee that bitcoin will have the users cover the whole human. Because user growth will not come directly
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bettercrypto
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May 12, 2017, 11:47:00 PM |
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No, internet connection is still an issue during that time. There will be places where the internet can't establish due to the status of the are. Aside from that, not all citizen can be able to have an internet connection with their smartphone. Unless this issue is fixed, Bitcoin will never be used by everyone in 2022.
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Tyrantt
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May 12, 2017, 11:53:04 PM |
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I think it was used until 2022, due to bitcoin price in the market was still raised up. I'm just looking forward that all markets were accept Bitcoin as exchange of their goods, services and products. Also I think in 2022 value of Bitcoin were raised up.
That the value of bitcoin is going to rise until 2022 is undeniable, but the main problem why businesses aren't adopting bitcoin as a way of payment (for a lot of them that is, since I was asking around) is the instability of the bitcoin price and untill the bitcoin price stabilizes a little, we may not see that great of adoption.
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Need some spare btc for a new PC that can at least run Adobe Dreamweaver.
BTC - 19qm3kH4MZELkefEb55HCe4Y5jgRRLCQmn ♦♦♦ ETH - 0xd71ACd8781d66393eBfc3Acd65B224e97Ae1952D
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RedX
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May 13, 2017, 01:27:03 AM |
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Well, yes mate. I can see that there's a huge possibility that it will be used but not everyone but maybe majority of the population. It also makes me think how many fiat currencies will be removed in that year because for sure it will happen.
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freedomgo
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May 13, 2017, 01:51:51 AM |
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Well, yes mate. I can see that there's a huge possibility that it will be used but not everyone but maybe majority of the population. It also makes me think how many fiat currencies will be removed in that year because for sure it will happen.
I will be happy if it will be used by the majority, that means we are very popular in the world already and the price will certainly gonna rise at a big amount when that happen. Therefore, the best thing to do now is just to hold and wait for the right time to sell, and also sell at a profit because that is what we are aiming to.
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Duzter
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May 13, 2017, 02:08:15 AM |
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Well, yes mate. I can see that there's a huge possibility that it will be used but not everyone but maybe majority of the population. It also makes me think how many fiat currencies will be removed in that year because for sure it will happen.
Possibility is there, but we cannot match this along with the money devaluation that happened in several countries that lead path for the destruction of their own currency and make use of other currency. Bitcoin will slowly gain potential, now too one cannot find a better valuable currency than bitcoin. The same time it haven't spread much , so time is much needed. Around 30-40% of the people might start using it by 2022.
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anthhonio
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May 13, 2017, 04:07:01 AM |
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i m not sure..there alot countries that dont even know about bitcoin.in 2022 i think the bitcoin price can grown up
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Stake Holder
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Ashong Salonga
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May 13, 2017, 05:47:30 AM |
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Well, yes mate. I can see that there's a huge possibility that it will be used but not everyone but maybe majority of the population. It also makes me think how many fiat currencies will be removed in that year because for sure it will happen.
Possibility is there, but we cannot match this along with the money devaluation that happened in several countries that lead path for the destruction of their own currency and make use of other currency. Bitcoin will slowly gain potential, now too one cannot find a better valuable currency than bitcoin. The same time it haven't spread much , so time is much needed. Around 30-40% of the people might start using it by 2022. As we can see how does the market of bitcoin spread, no one can predict when will it be used by everyone. Since bitcoin is noy yet considered by all countries, it's not possible that is could be used by all people by year if 2022 since considering another/new currency would take a lot of time and years to be implemented.
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ipungadhi
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May 13, 2017, 01:26:05 PM |
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I think it was used until 2022, due to bitcoin price in the market was still raised up. I'm just looking forward that all markets were accept Bitcoin as exchange of their goods, services and products. Also I think in 2022 value of Bitcoin were raised up.
I think the rising price will not necessarily make everyone use bitcoin. It is necessary to have a long process of more than 5 years to have an entire human user
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ladydark
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June 13, 2017, 11:12:14 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.
BItcoin will be used by most people by 2020,but not by every one.There are still majority of world population in under developed countries who don't know about digital transactions.It would b hard for them to change to bitcoin transactions and it would take more time for all people to change to bitcoin transactions.
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kidmodo
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June 13, 2017, 02:31:52 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.
BItcoin will be used by most people by 2020,but not by every one.There are still majority of world population in under developed countries who don't know about digital transactions.It would b hard for them to change to bitcoin transactions and it would take more time for all people to change to bitcoin transactions. I agree, the more people will get to know bitcoin more and more people will use bitcoin, especially with higher prices, people will be more interested in bitcoin, but it needs regulation that set the bitcoin to be used by everyone
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qwertyup23
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June 13, 2017, 03:26:13 PM |
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Good day OP! I would not say EVERYONE but most likely a large number of people will start using bitcoin by 2022. The reason for this is that bitcoin is slowly becoming popular due to its nature, availability, and most importantly price. We all know that the price of bitcoin fluctuates, but is slowly increasing as time passes by. More and more people are being aware of the value of bitcoins since I have a lot of friends who started investing here. Then again, there is always the risk of its price decreasing due to the supply increasing. Lastly, I also believe that there is a potential of bitcoin being the main source of investment in the near future.
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leyton11
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June 13, 2017, 03:55:46 PM |
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I think it was used until 2022, due to bitcoin price in the market was still raised up. I'm just looking forward that all markets were accept Bitcoin as exchange of their goods, services and products. Also I think in 2022 value of Bitcoin were raised up.
I think though the bitcoin price keeps going up it will not guarantee that bitcoin will have the users cover the whole human. Because user growth will not come directly Well, I think the price of Bitcoin need stable more than now if want more people interesting it. I see many people in my country like Bitcoin, but they are afraid of the erratic fluctuations of Bitcoin prices. And Bitcoin need find a way can fix issue Blockchain about transaction confirm and fee soon. Finally, if Bitcoin can do things above, I think it will have the largest number of users in the world!
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Xester
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June 13, 2017, 05:38:17 PM |
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Good day OP! I would not say EVERYONE but most likely a large number of people will start using bitcoin by 2022. The reason for this is that bitcoin is slowly becoming popular due to its nature, availability, and most importantly price. We all know that the price of bitcoin fluctuates, but is slowly increasing as time passes by. More and more people are being aware of the value of bitcoins since I have a lot of friends who started investing here. Then again, there is always the risk of its price decreasing due to the supply increasing. Lastly, I also believe that there is a potential of bitcoin being the main source of investment in the near future.
I agree with you that it will be used by many more people but not everyone by the year 2022. Due to its increasing follower and user, bitcoin will surely be the target of many people in all aspects of money. And its price will surely high because of the little supply and huge demand for it.
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allthingsluxury
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June 13, 2017, 05:38:58 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.
I highly doubt it, that time horizon is far too short. You need a massive shift in age demographics before that becomes a reality. Undoubtedly, it will be used more and more although.
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warrior333
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June 13, 2017, 05:57:09 PM |
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We all want it, but I'm not sure what it will be. Too little time for this. If it happens that much later. So bitcoin was so popular should be a industry for earnings and trade for bitcoins. We do not yet see.
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