agustina2
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October 18, 2017, 05:24:25 PM |
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no. bitcoin will not destroy fiat. government will have to ban cryptocurreny if it will really happen, because like to control our money. tho government will likely have their own crypto, but it is not decentralized like others. saying bitcoin will be used by almost everyone, i think not, but the users will increase. moreover, bitcoin will be used by everyone that can afford to have an internet.
I just wondered why there are people who thinks that bitcoin can destroy fiat. Bitcoin was being used primarily as investment purposes so no way it can work like a normal currency where usage is continous. The hopes for bitcoin by majority of it's users is price increase so no way it can be used like how fiats works. It's fine to become a hardcore bitcoin believer but we must to our desire into reality.
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chip1994
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October 18, 2017, 07:16:20 PM |
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I think that it will already be used by everyone in 2020. In 2 years a lot can happen. Because bitcoin is only growing and growing. More people are starting to use bitcoin. And when the world will see what is happening with bitcoin, everyone will buy it.
In just this year alone, a lot has happened. Within the next few years a whole lot more is definitely going to happen. As most countries start adopting it so as not to miss out, so many countries will start seeing it as a way to even develop and enrich their economy as time goes on. All this balls down to one thing, huge growth for bitcoin and that is why we should be optimistic. The way it is making progress, BTC will actually take much less time that the mentioned one before it goes mainstream. Among all the digital currencies, it is grabbing the most fame and I am not amazed at people getting attracted towards it because bitcoin makes an offer that nobody can reject. Prices are higher than ever and more is being expected to come. Bitcoin is the future of the money. If other altcoins can increases their value, I think these altcoins still have chance to become famous as Bitcoin at now. So, we can say Bitcoin will be the best cryptocurrency has most users, Ethereum or other altcoins still can overpass any time.
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bryant.coleman
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October 18, 2017, 07:45:54 PM |
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If other altcoins can increases their value, I think these altcoins still have chance to become famous as Bitcoin at now. So, we can say Bitcoin will be the best cryptocurrency has most users, Ethereum or other altcoins still can overpass any time.
A few months back, Ethereum used to give stiff competition to Bitcoin. A lot of experts even predicted that the market cap of Ether would soon overtake that of Bitcoin. But during the past few months, the Ether exchange rates have gone down, with respective to Bitcoin. It is not the fault of Ether though. The uncertainty regarding Bitcoin Cash vanished two months back, and it gave a major boost for BTC (and a corresponding decline for Ether).
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Deathgamer
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October 18, 2017, 08:40:43 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.
In my own point of view i think that bitcoin will be the most admired source of income in almost everyone in 2022 because here in this site it has an easiest way to earn money if you will just exert time and effort you will get rich as well.all you need to do is to post and need to ranked up atleast jr. Member and join a signature campaign in order for you to be able to earn alot of money.
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KEDAR
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October 18, 2017, 08:45:34 PM |
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I think we can compare BTC to gold in the world of cryptocurrencies. I mean it's hard to buy things for gold, isn't it? Technically BTC is worse than most of the top cryptos here for everyday use.
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cryptoking710
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October 18, 2017, 08:54:54 PM |
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...
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.
Yes but we are talking 5 years time not now... I think we will see mass adoption by 2022.
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Milo_Kidd
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October 18, 2017, 09:12:04 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 believe that most people of the world will use it because of its better to transact than fiat. Like we can directly use worldwide trading. But I am not sure if what the market will be in the future.
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ronafurw
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October 19, 2017, 04:51:31 AM |
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I think that it will already be used by everyone in 2020. In 2 years a lot can happen. Because bitcoin is only growing and growing. More people are starting to use bitcoin. And when the world will see what is happening with bitcoin, everyone will buy it.
In just this year alone, a lot has happened. Within the next few years a whole lot more is definitely going to happen. As most countries start adopting it so as not to miss out, so many countries will start seeing it as a way to even develop and enrich their economy as time goes on. All this balls down to one thing, huge growth for bitcoin and that is why we should be optimistic. If we look at the things in a very realistic manner, we will come to know that not everyone is eligible for suing bitcoin. There are certain conditions for taking benefit of the amazing currency. You need to have a laptop and internet connection for dealing with and earning bitcoin plus you should be literate enough to understand computer and operation of bitcoin. In short, whole population will never be able to use bitcoin.
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edisystem
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October 19, 2017, 04:53:44 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.
I believe that most people of the world will use it because of its better to transact than fiat. Like we can directly use worldwide trading. But I am not sure if what the market will be in the future. We never know about that but i'm pretty sure more people will use bitcoin and bitcoin become more popular in 2022. If we talk about everyone use bitcoin in 2022, it's possible but i'm not sure about that. There are still many people in this world that don't know about bitcoins.
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wurth
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Blockchain Just Entered The Real World
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October 19, 2017, 05:24:39 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.
I believe that most people of the world will use it because of its better to transact than fiat. Like we can directly use worldwide trading. But I am not sure if what the market will be in the future. We never know about that but i'm pretty sure more people will use bitcoin and bitcoin become more popular in 2022. If we talk about everyone use bitcoin in 2022, it's possible but i'm not sure about that. There are still many people in this world that don't know about bitcoins. Just see the price of Bitcoin at now, you can know we have not much Bitcoin user. The world have 7 trillion population, but total supply coin of Bitcoin is just 21 million coins, but this is the max supply and we still need a long time to mining all that amount.
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Mrsmants
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October 19, 2017, 03:04:03 PM |
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Before bitcoin be employed by nearly we need to have massive organizations to sign up for, individuals will deliver lower merchants to settle for and operate with bitcoin as properly, microsoft consider a phase presently, if they permit us to someday to acquire a personal computer with bitcoins we will be on the way, we cant forecast how long bitcoin will consider to be practically all over the place but we know it has potencial to grow and it keeps growing.
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ausbit
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October 20, 2017, 06:09:11 AM |
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I think it will be used even earlier. i think like in 2020 a lot of people will use bitcoin. because bitcoin is just growing so fast. And the value is still rising. So i think you should invest in bitcoin.
Yes I also agree with you, that most of the governments of the world may not regularize and legalize bitcoin as their usable currency. And that will be the most common reason for not prevailing bitcoin all over the world till 2022. Once the advance countries regularize bitcoin and start dealing in bitcoin then the other countries will also start trading and investing in bitcoin and will realize it as a digital currency of the world. Yes I agree with you. The possibility is there that many people will accept bitcoin up to 2022, but still people will need to convert bitcoin into fiat or paper currency for their daily use. May be people use bitcoin in different shapes but the ordinary and illiterate will take some more time to know about bitcoin and fully understand the importance, value and advantages of bitcoin. Just wait and observe.
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Pixyoxx
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October 20, 2017, 06:27:48 AM |
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Bitcoin being used by everyone is debatable, whereas bitcoin having a wider span of users is more likely. In future, with growing use of cryptocurrency, many banks and private companies may issue their own cryptocurrency in the market. Bitcoin will be in reach of many people worldwide in near future with increasing talks about it and its popularity among traders.
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Blackwhite69
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October 20, 2017, 06:37:43 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.
I believe that most people of the world will use it because of its better to transact than fiat. Like we can directly use worldwide trading. But I am not sure if what the market will be in the future. This will cause problems for the future for all bitcoin users and should have the best way for the future ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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ilyadt
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October 20, 2017, 06:48:35 AM |
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Prior to bitcoin be used by virtually we need huge companies to sign up for, those will provide lower retailers to acknowledge and function with bitcoin as effectively, microsoft take a phase already, if they allow us to someday to purchase a laptop with bitcoins we will be on the way, we cant predict how long bitcoin will just take to be virtually all over the place but we know it has potencial to grow and it keeps increasing.
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Beareonetu
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October 21, 2017, 07:57:09 PM |
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I might like to think about it, that everybody is employing Bitcoin because we know how it is simple to use, with just 1 click on you can send out and obtain payment. And I imagine that Bitcoin is secured and for confident the stability will get stricter as the time arrives. So, if absolutely everyone is making use of it, then we can very easily manage our funds 'cause it is just in the display screen of our Cell devices.
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seizetehday5
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October 21, 2017, 08:43:53 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.
Well to be fair banks wont go out of business but their business will be drastically reduced if bitcoin does what it set out to do. As per the thread title it wont even be close that all people will use bitcoin by 2022. Lets consider the fact that half the world doesnt have internet and by then even if that # reduces to 40% that still means roughly 3-4 billion people cant access it. It cannot happen given the numbers I spoke about right there.
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marseille
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October 21, 2017, 10:30:55 PM |
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Bitcoin is gaining popularity slowly and steadily but that doesn't mean it will be used by each and every person in coming times as there will be many people who will prefer to stay away from it and will use only fiat for shopping and invest their money in gold and other products on which they have more faith.
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miyong
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October 21, 2017, 10:38:31 PM |
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I don't know if that will be possible within that year. There are some part of the countries that doesn't goes well with the new technology. It will be very difficult to adjust and tell everyone about the digital currency will be used instead of usual money.
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Gaff
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October 21, 2017, 11:16:02 PM |
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Bitcoin is gaining popularity slowly and steadily but that doesn't mean it will be used by each and every person in coming times as there will be many people who will prefer to stay away from it and will use only fiat for shopping and invest their money in gold and other products on which they have more faith.
Yes. If demands is concerned,bitcoins will be used by almost everyone in 2022. By that time,the pice of bitcoin will be too high which most people can't buy but the investors instead who have millions of money with them. That's reality of life but because bitcoin can give an income which has a great value,then people are still part of it and won't stop using bitcoin and they'll be used to it. As a result,no one can stop people from using bitcoin in that year.
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