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Author Topic: Future of Bitcoin Economics  (Read 34275 times)
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March 12, 2017, 12:01:45 PM
 #301

The BTC bubble once again burst and the people who climbed and traded are probably now tearing around the world ...
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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March 12, 2017, 12:32:28 PM
 #302

The BTC bubble once again burst and the people who climbed and traded are probably now tearing around the world ...
I'm not threaten, as long as we are still in $1,000 level there would be no problem with bitcoin. It's normal to see a price fall back due to the disapproval of ETF by the SEC, but that is not a big issue that will make the bitcoin economy collapse. We have come to this level because people
believe bitcoin has a good future and I do not think they will easily lose their trust just because of the recent bad news.

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March 12, 2017, 06:37:06 PM
 #303

Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.


Exactly no one can predict the amount of bitcoin because of it's unstability and fluctuation in it's price daily, and yeah it's economics depends on mass adoption the more it's demand in the market the more it's price. So we can say that if the demand of bitcoin is high then it's price will increase definitely so their price and demand is directly proportional.
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March 12, 2017, 08:01:42 PM
 #304

Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.


Exactly no one can predict the amount of bitcoin because of it's unstability and fluctuation in it's price daily, and yeah it's economics depends on mass adoption the more it's demand in the market the more it's price. So we can say that if the demand of bitcoin is high then it's price will increase definitely so their price and demand is directly proportional.
You're right. Therefore, each of us must take steps to make bitcoin even more popular. Everyone will benefit from this. We need to attract as many people as possible in the bitcoin community
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March 19, 2017, 06:31:56 AM
 #305

Actually the future is pretty predictable, the history is showing bitcoin has made giant steps considering that is only 7 years old. I think bitcoin will keep going this way and many of us here think it will bitcoin will have a bright future so the future of bitcoin Economics will be great , no need to worry of it, bitcoin will be without a doubt toward a bright future. Investment in bitcoin as a store of value is great.
It  never happen actually where someone predict a things then it happens precisely. No I don't see all prediction has been done accurately, most of it are not  precise. Every time we talked about future this is just started as speculation by the individuals. And this will depend on the  person who will get believe on that we could see how the demand of users were going to be. although bitcoin has a big impact to contribute actually in the economy of the each country who will gonna adopt it.
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March 19, 2017, 06:44:48 AM
 #306

Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.
This is true that the economics of the bitcoin not be predict by us because at every second the value of bitcoin below and above without notifying the bitcoiners , so here all types of pedictions are useless .
But here we can easily predict about future of the bitcoin because the use of bitcoin is trusted and safe so peoples areentering rapidaly in bitcoin use , so here no doubt that the future of bitcoin much bright than other currency .
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March 19, 2017, 11:45:32 AM
 #307

Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.


Exactly no one can predict the amount of bitcoin because of it's unstability and fluctuation in it's price daily, and yeah it's economics depends on mass adoption the more it's demand in the market the more it's price. So we can say that if the demand of bitcoin is high then it's price will increase definitely so their price and demand is directly proportional.
You're right. Therefore, each of us must take steps to make bitcoin even more popular. Everyone will benefit from this. We need to attract as many people as possible in the bitcoin community
Sadly, only a few of us use Bitcoin everywhere to make it popular. Other only care about investing money and their trading career. Bitcoin is the future of money and we have to understand it. I hope that people will change their mind and use Bitcoin to make the world better





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March 19, 2017, 02:40:26 PM
 #308

Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.
This is true that the economics of the bitcoin not be predict by us because at every second the value of bitcoin below and above without notifying the bitcoiners , so here all types of pedictions are useless .
But here we can easily predict about future of the bitcoin because the use of bitcoin is trusted and safe so peoples areentering rapidaly in bitcoin use , so here no doubt that the future of bitcoin much bright than other currency .
but to i think from the news and from the people adopting of bitcoin we can expect that bitcoin price will continue increasing from day to day. and hope that very soon the price can reach to a very high price. and therefore we ca expect that bitcoin will come more and more popular in future.
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March 25, 2017, 07:27:06 AM
 #309

Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.
This is true that the economics of the bitcoin not be predict by us because at every second the value of bitcoin below and above without notifying the bitcoiners , so here all types of pedictions are useless .
But here we can easily predict about future of the bitcoin because the use of bitcoin is trusted and safe so peoples areentering rapidaly in bitcoin use , so here no doubt that the future of bitcoin much bright than other currency .
but to i think from the news and from the people adopting of bitcoin we can expect that bitcoin price will continue increasing from day to day. and hope that very soon the price can reach to a very high price. and therefore we ca expect that bitcoin will come more and more popular in future.

In fact the price is dropping day after day at the moment. I think it is due to the split in the community.
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March 25, 2017, 04:43:51 PM
 #310

BitCoin is currently the most successful Cryptocurrency. I have no concern on its future. It will revolutionise the world.

Yes, there are issues eg, Regulatory, Volatility and a couple of more. But BitCoin has already done its job in making the society rethink how it should function and why democratic power can never be ignored.
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March 25, 2017, 11:21:03 PM
 #311

BitCoin is currently the most successful Cryptocurrency. I have no concern on its future. It will revolutionise the world.

Yes, there are issues eg, Regulatory, Volatility and a couple of more. But BitCoin has already done its job in making the society rethink how it should function and why democratic power can never be ignored.
i think all these issues will resolve very soon and hope that bitcoin will become more and more popular and the governments will compel to consider bitcoin as legal currency and  will allow their people to use bitcoin as normal currency.
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March 26, 2017, 08:04:00 AM
 #312

BitCoin is currently the most successful Cryptocurrency. I have no concern on its future. It will revolutionise the world.

Yes, there are issues eg, Regulatory, Volatility and a couple of more. But BitCoin has already done its job in making the society rethink how it should function and why democratic power can never be ignored.
i think all these issues will resolve very soon and hope that bitcoin will become more and more popular and the governments will compel to consider bitcoin as legal currency and  will allow their people to use bitcoin as normal currency.

At this point, i think its just a matter of time before that happens. Some central banks are already accepting the fact and recognizing btc existence and it may not even take 3 years before btc becomes a regular thing that people use everyday as another alternstive for their transactions

 
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March 26, 2017, 08:39:21 AM
 #313

Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.

OP, when you say "mass adoption" what you really mean is uncapping btc to produce more than 21 million coins?

Like centralbanksequalsbombs said, that could reduce the scarcity of btc and cause its price to implode.

If you want mass adoption, I think litecoin is what you're looking for.

BTC's role isn't focused on high speed transactions or mass adoption. Another alt would be better suited for that role.
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March 26, 2017, 08:48:48 AM
 #314

Well, no one can guess the bitcoin economy system in the future, because bitcoin was increasingly growing, it all depends on the users, I guess if everyone is using bitcoin, then it will grow very quickly

I agree. The more and more actively the bitcoin system is used, it will develop faster. But it is possible to collapse the crypto currency in case of global panic or war.
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March 26, 2017, 02:24:42 PM
 #315

Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.
Yes nobody can guess it
But what is happened is increasingly popular bitcoin and gained recognition of because bitcoin qualify as money help us facilitate transact online, not a little nation in the world bought bitcoin will be currency future where the presence of the bitcoin increasingly strategic among the ever increasing internet users

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March 26, 2017, 02:57:28 PM
 #316

Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.
Yes nobody can guess it
But what is happened is increasingly popular bitcoin and gained recognition of because bitcoin qualify as money help us facilitate transact online, not a little nation in the world bought bitcoin will be currency future where the presence of the bitcoin increasingly strategic among the ever increasing internet users

The percentage of financial turnover with the help of crypto-currency in the network is still quite small, compared to Fiat and even in digital format, bitcoins are possible and will gain leadership positions in the financial market, but still the lot of bitcoin is the use by users in the network and nothing more.


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March 26, 2017, 08:05:52 PM
 #317

Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.


Exactly no one can predict the amount of bitcoin because of it's unstability and fluctuation in it's price daily, and yeah it's economics depends on mass adoption the more it's demand in the market the more it's price. So we can say that if the demand of bitcoin is high then it's price will increase definitely so their price and demand is directly proportional.
but to me think still there are so many expert people who can really predict about the price of bitcoin as correctly and they are getting good profit by investing their money in bitcoin in a right time to make more and more money from it .
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March 26, 2017, 08:38:27 PM
 #318

Some comments are very optimistic, that's what I noticed first. My opinion about bitcoin future is divided, I would like to cost more and to be adopted in the world, but how can that happen? I'm not familiar with potential of bitcoin even many here talk about it. Close friends don't wish nothing with bitcoins, and that push me away when I wish to invest in bitcoin, I think that many feel's like I do.
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March 26, 2017, 09:57:12 PM
 #319

Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.
Yeah it's all about how the private business make it for people, but anyway politics also will have a impact on that. But i think countries which are having capilalistic ideology already have inovated things for users which want to use inovated tecnique


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March 26, 2017, 10:59:02 PM
 #320

Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.
Yeah it's all about how the private business make it for people, but anyway politics also will have a impact on that. But i think countries which are having capilalistic ideology already have inovated things for users which want to use inovated tecnique
Government regulate the private and it will not give them the confidence to integrate bitcoin into their business if they find it not supported by
the government. They'll be afraid that their investment might not succeed, that's why we need a good adoption to ensure that there will no constant
manipulation of the price which I think investors like big merchants hate to see.

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