Future of Bitcoin Economics

[South Park]

yes no body can predict the future of bitcoin but should we really need to predict anything now. i mean a student do not eep gussing or predicting what is gonna happen next lets make it happen i know the future is a impossible stuff but lets just try to make whatever we want to bend the future the way you want becoze its yours.maybe someday i will have 10btc

How much bitcoin you need will depend on a lot of factors, like the price of bitcoin, the economic situation of the world and your lifestyle, personally I think the minimum I could need is 150BTC but 300BTC will be even better.

[groll]

The more we talk about bitcoin on forums like this and the more we share our experiences with our peers, the more legitimate the technology becomes.  While it is true that future application of the specific bitcoin ledger cannot be predicted, it can be safely assumed that a new era of managing currency has been firmly established with the invention of the block chain ledger.

I agree, and I consider it innovation. Many applications already was develop using this block chain technology and they keep on using in different aspects of subjects and trade.As it evolves,more useful ideas comes out.

Indeed mate. These ideas are for the better of our future as well. Will make more options for us to invest and make a lot of profit in bitcoin.. even not too rich, but to make our life become better financially.

Definitely. The future of bitcoin depends on the strong beliefs of people who use it and the great minds of people who make some advance updates on how make bitcoin more innovative and competitive in the world. Also the more we promote bitcoin the more it will have a strong part in economics. We can do it by simply sharing to others the good benefits we get from it, and by posting topics that will raise the popularity of bitcoin to many.

[n0ne]

Future of bitcoin will depend much upon the adoption and the legal adoption of bitcoin as nations currency by few countries. Future economy of bitcoin also moves upon the physical and online acceptance in stores and in other services. If the ongoing adoption rate continues sure the economy boosts and competes with dollar.

[Bitcoin0916]

Future of bitcoin will depend much upon the adoption and the legal adoption of bitcoin as nations currency by few countries. Future economy of bitcoin also moves upon the physical and online acceptance in stores and in other services. If the ongoing adoption rate continues sure the economy boosts and competes with dollar.

I heard the news if Dubai had already approved bitcoin, this might good news so that bitcoin can be accept more cities or countries. The approval of the government accept bitcoin just waiting time only, so while waiting for it, let invest as much as possible with bitcoin.

[qiwoman2]

I think there will be more use for bitcoin within small micro economic systems and as more people wake up to the fact that they can be more liberated by using this medium of exchange, more and more micro economic ideas will unravel as time goes by and people become more and more brave.

[Xenophoto]

The future of bitcoin economics depend on the people using it. If we start fighting against each other, we might end up giving bitcoin a worse name. It already has a bad reputation for being used in deep web markets right now. We should continue supporting bitcoin and once the majority of people are using it, the price of bitcoin will increase. We will have new members in the bitcoin community and we would even have a much higher bitcoin price.

[Positid]

The future of bitcoin economics depend on the people using it. If we start fighting against each other, we might end up giving bitcoin a worse name. It already has a bad reputation for being used in deep web markets right now. We should continue supporting bitcoin and once the majority of people are using it, the price of bitcoin will increase. We will have new members in the bitcoin community and we would even have a much higher bitcoin price.

Exactly, and what we have seen now is that bitcoin has a lot of users and it's increasing and by that reality we are growing regularly and will continue to grow in the future, the future then is so bright for bitcoin and we should also benefit by investing our money in bitcoin.

[hisuka]

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

Definitely true, bitcoin depends on mass adoption. No one can tell
the future of bitcoin. But as of now, bitcoin has been continuosly
increasing its demand and in the market. Future have been good
since many people are using bitcoin.

[genos]

The future of bitcoin economics depend on the people using it. If we start fighting against each other, we might end up giving bitcoin a worse name. It already has a bad reputation for being used in deep web markets right now. We should continue supporting bitcoin and once the majority of people are using it, the price of bitcoin will increase. We will have new members in the bitcoin community and we would even have a much higher bitcoin price.

Exactly, and what we have seen now is that bitcoin has a lot of users and it's increasing and by that reality we are growing regularly and will continue to grow in the future, the future then is so bright for bitcoin and we should also benefit by investing our money in bitcoin.

Bitcoin future is so bright, you are right bitcoin economics depend on the people using it and also with the world news about bitcoin and politic condition too. After new president of america choosed bitcoin price i goes up.

[xdrpx]

The future of Bitcoin and economics lies in the purpose of why it was built, to provide a decentralized mechanism to run your own bank and make payments. The more decentralized Bitcoins is, the more people are motivated to rely less on the unfaithful Government regulations and thus eventually demand for Bitcoin would increase although supply at one point would come to a stand still due to the maximum mining capability. Also, when demand increases more and more merchants would start accepting Bitcoins at their POS terminals and people would eventually start to dump their plastic credit cards and bank accounts.

[achow102]

The economy, which is a process of deflation rather than inflation is quite successful. A Bitcoin is just the deflationary coin. And the growing popularity of Bitcoin provokes a rise in prices for it

[outatime1]

I'm not sure that we need mass adoption for bitcoin to be successful. It just needs to find a niche where is can thrive. There need to be a steady following but not necessarily mass adoption.

[mirakal]

I'm not sure that we need mass adoption for bitcoin to be successful. It just needs to find a niche where is can thrive. There need to be a steady following but not necessarily mass adoption.

Well, if you can see we are successful already but we want a bigger success that the current. We want progress from time to time and that's what we need for our investment to grow as well. Of course the future of bitcoin is good since the development is continuing.

[Intristing]

I'm not sure that we need mass adoption for bitcoin to be successful. It just needs to find a niche where is can thrive. There need to be a steady following but not necessarily mass adoption.

We definitely need the mass adoption for the bitcoin to be successful. Otherwise, it is similar to many scam coins.

[KoinKartel]

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

Sometimes, people forget that Bitcoin is a mechanism that allows P2P use .... aand also, more importantly, M2M (maching to machine) use.

Bitcoin is far better suited for use by machines than human beings, and the major difference here is that a machine doesn't have the ability to 'choose' whether or not to 'adopt' Bitcoin. In most cases a machine that engages in M2M Bitcoin transactions is part of this new iOT economy.

For every 1 person on earth, there are 4 devices (machines) with the capability to engage in M2M transactions. There are 7 Billion people on earth, this means that we are talking 28 BILLION devices here.

A new economy is being constructed right under our noses, and it will be a far more prosperous one than our current system.

[CyberKuro]

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

Just as important, IMO, is "merchant acceptance" of Bitcoin.  BTC truly needs more goods & services providers who will take BTC as payment.  Some already do, but not nearly enough.

If Bitcoin price keeps going up, that will attract attention of BTC buyers, and with luck more merchants will then opt to accept it.

I think bitcoin future like 5-10 years later is predictable, even it depends on users and merchants (how to spend it daily) to grow up adoption of btc. Yeah, these time seems quite long for us and there should be more adoption of bitcoin and increasing price as we already seeing. Technology and economic always develop every day and human ask for easier way for transaction (worldwide), bitcoin come as the answer.

[warwar]

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

Just as important, IMO, is "merchant acceptance" of Bitcoin.  BTC truly needs more goods & services providers who will take BTC as payment.  Some already do, but not nearly enough.

If Bitcoin price keeps going up, that will attract attention of BTC buyers, and with luck more merchants will then opt to accept it.

I think bitcoin future like 5-10 years later is predictable, even it depends on users and merchants (how to spend it daily) to grow up adoption of btc. Yeah, these time seems quite long for us and there should be more adoption of bitcoin and increasing price as we already seeing. Technology and economic always develop every day and human ask for easier way for transaction (worldwide), bitcoin come as the answer.

Well if we could say that it is really stable. Everyday the bitcoin community is getting bigger and bigger but we cant really predict what will happen. What if the bitcoin network face a biggest problem that they havent encounter just like that problem. It is not really 100% that we could predict the positive side of bitcoin

[jondeen707]

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

Sometimes, people forget that Bitcoin is a mechanism that allows P2P use .... aand also, more importantly, M2M (maching to machine) use.

Bitcoin is far better suited for use by machines than human beings, and the major difference here is that a machine doesn't have the ability to 'choose' whether or not to 'adopt' Bitcoin. In most cases a machine that engages in M2M Bitcoin transactions is part of this new iOT economy.

For every 1 person on earth, there are 4 devices (machines) with the capability to engage in M2M transactions. There are 7 Billion people on earth, this means that we are talking 28 BILLION devices here.

A new economy is being constructed right under our noses, and it will be a far more prosperous one than our current system.

The potential of bitcoin application in the m2m arena is virtually endless.

[Xester]

Future of bitcoin will depend much upon the adoption and the legal adoption of bitcoin as nations currency by few countries. Future economy of bitcoin also moves upon the physical and online acceptance in stores and in other services. If the ongoing adoption rate continues sure the economy boosts and competes with dollar.

I heard the news if Dubai had already approved bitcoin, this might good news so that bitcoin can be accept more cities or countries. The approval of the government accept bitcoin just waiting time only, so while waiting for it, let invest as much as possible with bitcoin.

Is there already a site in Dubai that directly exchange bitcoin to cash. If there is can you post the link of the website here, it will be of great help.

Another thing thats a good news, before my friends in Dubai have a hard time exchanging their money to bitcoin, they have a hard time buying it. I am not updated with the latest news on bitcoin but I am thankful hearing this.

[carlisle1]

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

very well said dude, it is very hard to predict what will be the future of bitcoin it is only depend on the users and the mass adoption but as long as we can see it alive then there's nothing for us to worry about . although it is unpredictable but still I can see a probability for bitcoin to have a great future as it has a lot potential .