Where do you see bitcoins in 5 year?

[ishare]

Where do you see bitcoins in 5 year?

[burakura22]

In five years other e-currencies will be popular. Bitcoin has to many disadventages.

[bonker]

In five years other e-currencies will be popular. Bitcoin has to many disadventages.

Interesting, can you list these disadvantages?

[notme]

In 5 years bitcoin transactions will be processed by custom hardware whose heat is used for productive means (water heating, furnace, etc).  Due to the collapse of trust in the traditional banking system international trade is choked as politicians are finally accepting that the race to the bottom can not continue indefinitely.  To restart global trade, they need a sound currency to back the transactions.  Traditionally, gold has been used for this purpose, but gold has its problems.  Physical gold must be moved to settle and in practice they end up relying on a specific third party to hold the gold and settle up their accounts.  This still requires you trust the party holding your gold.  Bitcoin has been quietly growing, with the occasional bubble and correction.  It is not uncommon to be able to pay with bitcoins on most websites and plenty of meatspace locations, but it is still primarily only used by savers.  World banks need a way to settle up every night, or even every hour, in an irreversible fashion.  Bitcoin will be ready, its time will come, and the global economy can finally start to move forward.

[lightlord]

[gweedo]

In five years other e-currencies will be popular. Bitcoin has to many disadventages.

Please state these disadvantages, and what other e-currencies? Like litecoins which is based off of bitcoin which if bitcoin has these disadvantages more then not other currencies will have them too.

[asgard]

Well there's only 2 ways it can go, up or down. The future of bitcoins relies on people creating worthwhile, trusted business of all kinds and circulating the money. Personally I don't see much diversity right now (but I'm still a newb, so I might not see the whole picture atm). Maybe give it a few years and check to see if anyone's selling cars or houses using btc. That's when I think bitcoins will really takeoff.

[shawshankinmate37927]

In five years I think the exchange rate between US Federal Reserve Notes and bitcoins will be over 1000 to 1.  I think the next five years are going to be very volatile with lots of ups and downs.  Strap on your seatbelts and hold on tight, its going to be one hell of a ride!

[aeris]

In five years, I hope using bitcoin on website will be considered as the normal way to pay for something !

[massivebitman]

All depends if people use it to buy tangible goods.

Bitcoin could easily become a fad, unless more online stores pop up selling real stuff.

Maybe... maybe it could be the currency of choice for egoods. Wordpress and reddit are a good start!

[yocko06]

I think bitcoin will reach over $1000 to 1 BTC. I don't think it will drift away as a fad at all because it is far to useful and potentially profitable. I can see more and more people getting on board when the applications get better and easier to use. blockchain on the iphone is a good start.I can see websitse like local bitcoins creating a very easy system of cashing in and out.I think it will be up and down as it has been but looking at long term bitcoin is on a rapid path upward.     

[bignumbheart]

If gas stations accepted btc (prepay at your house from your computer) then get a code to go enter at the gas pump. I think it would skyrocket!

[nwbitcoin]

Bitcoin in 5 years is not going to be that different to today.

2018 is going to see the western economies starting to show a rise in confidence, and most of the companies who have been limping around since the 2007 crash will finally be dead. 

Bitcoin will have been superceeded by something else, which has yet to be invented, but probably a mix of bitcoin, ripple and something else!

There are too many problems with bitcoin for it to just grow and take over the world like a few posters would like.

Think of it as the year 1994 and someone asks you how do you think Netscape Navigator will change the world?

[Odalv]

In 3-5 years 10-100,000,000 people will use bitcoin. If 100,000,000 people will use bitcoin then average user will have only 0,01 BTC (10 mBTC). And average user must be able to buy something usefull for 10 mBTC e.g. Cell phone, computer (using e-shop).

10 mBTC = $200-$20,000 USD ?  :-) I do not know. ...  If 10 mBTC will not have any value then 100,000,000 people cannot use bitcoin.

[gILisH]

I second nwbitcoin.

Bitcoin is starting a revolution in which digital currency gets legitimacy by the common people.
With that being said, it is still far from being accessible to the average person and has major flaws in terms of theft/loss.

More and more companies ( e.g. Ripple, Dwolla) put their money where their mouth is ( so to speak , but this does not mean Bitcoin is the winning currency.
The Digital Currency is.

In 5 years I see Bitcoin getting more competition, but it wont go away.
The community has grown so much and still is, it will back it up with more apps, more common use and more awareness.

In terms of value? I have nooooo idea. Hopefully 1000 USD ? ( wishful thinking perhaps...)

[maxcarjuzaa]

In five years I think the exchange rate between US Federal Reserve Notes and bitcoins will be over 1000 to 1.  I think the next five years are going to be very volatile with lots of ups and downs.  Strap on your seatbelts and hold on tight, its going to be one hell of a ride!

assuming we do not break btc i see this happening.

+1

[Mike Christ]

As other users have said, my money is on Bitcoin and a Bitcoin complementer (something like Ripple, most likely.)  Bitcoin is way too young to already be superseded by another e-currency.  Maybe in 50 years this will be true, but considering how long the dollar's been around, Bitcoin has barely started crawling at this point.

Whether or not Bitcoin will be widely accepted, I'd like to see.  I'm guessing it'll be more accepted by many more businesses, and for those who still use fiat, Bitcoin should see a reliable card which can transfer between BTC and the local currency, as well as straight BTC transfers.

[nobbynobbynoob]

Ten kay plus... or bust.

Just my two satoshi.

[Polve]

In five years I think the exchange rate between US Federal Reserve Notes and bitcoins will be over 1000 to 1.  I think the next five years are going to be very volatile with lots of ups and downs.  Strap on your seatbelts and hold on tight, its going to be one hell of a ride!

assuming we do not break btc i see this happening.

+1

+2

[Woodcock36]

In 5 years, I think BTC will be the most valuable of the digital currencies. The way things are headed(tinfoil hats on full), the world currency market will be in a freefall if no a complete crash leaving only precious metals as the only way of doing commerce. BTC, to me, is the first digital precious metal. I believe that any commerce done in the digital market will be done with BTC. It is the oldest, and most accepted digital currency, and whereas I hope that we never see this day, I can't help but think that there is a massive shift in the way business is transacted in the next 5 years. Now please remove your tinfoil hats and carry on gentlepeople.