Future of Bitcoin Economics

[achow102]

everything develops from the micro to the larger system. Currently about Bitcoin know a few people, so to speak about globalization Bitcoin yet. He has not much effect on the economy of the world

[1715433022]

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[1715433022]

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[1715433022]

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[1715433022]

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[error08]

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

Yeh thats true nobody cant predict it, it is depends on the mass adoption, or it is depend on the demand of bitcoin theres no accurately  prediction will happen.

In my opinion, due to such competitive advantages as decentralization and independent, but limited issue, complete privacy of users and at the same time the transparency of the transaction, the interest in cryptocurrency, first and foremost, of course, to the Bitcoin system, received at the moment the most widely known It will remain fairly high. By this a common situation, which is characterized, on the one hand, the rapid development of information and the expansion of e-commerce, on the other - the instability of the traditional financial system subject to regular local crises and show a clear overall vulnerability.

Most experts agree cryptocurrency that Bitcoin is destined to become a major e-commerce cryptocurrency in the future.

I do agree, as I have faith in bitcoin and predicted it could be 'the one' of the major digital currency.
Bitcoin has been passed 7 long years with many obstacles and problems, why it still last until now, because a lot of people put trust on it as the first cryptocurrency with p2p system allows bitcoin as decentralized currency. I thought there are so many of us like this system and investing money to buy bitcoin.

[Supercrypt]

everything develops from the micro to the larger system. Currently about Bitcoin know a few people, so to speak about globalization Bitcoin yet. He has not much effect on the economy of the world

Bitcoin has already developed to some considerable levels in world economy. In my opinion, some big economy are not accessible by people from under developed countries whereas bitcoin is the big source for them in multiple ways. Being large is not a concern for me but being useful will be the factor that decides the future.

[jvc12]

Bitcoin as it stands right now i see it becoming well know in the nearest future because now very few people in the world knows about and for that and because the government is not in full control if it so when the when people come to more about it then it will be the currency that that people will like to use with time everything is step by step.

[sportis]

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.

Bitcoin is money and as money we must use it. The only way to grow bitcoin price is if we ask to buy/sell goods and services using bitcoins. I agree that there are countries where their national currency is very weak they lose from inflation every day and they use bitcoin for hoarding. But there world economies too with strong fiat currency. The citizens of these countries must circulate bitcoins as fiat money.

[deisik]

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.

Bitcoin is money and as money we must use it. The only way to grow bitcoin price is if we ask to buy/sell goods and services using bitcoins. I agree that there are countries where their national currency is very weak they lose from inflation every day and they use bitcoin for hoarding. But there world economies too with strong fiat currency. The citizens of these countries must circulate bitcoins as fiat money.

That may not be as easy as you think

How could people use Bitcoin as a currency if there are not many merchants and vendors offering their services and goods for Bitcoin? I guess a lot of people will be happy to use bitcoins to buy expensive things with them (e.g. real estate, Tesla cars, yachts, lol). But if they simply can't spend their bitcoins on all these things, what should they do? They would have to stick with trading and other investments so as not to lose profit opportunities that Bitcoin itself and its volatility present

[Xester]

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.

Bitcoin is money and as money we must use it. The only way to grow bitcoin price is if we ask to buy/sell goods and services using bitcoins. I agree that there are countries where their national currency is very weak they lose from inflation every day and they use bitcoin for hoarding. But there world economies too with strong fiat currency. The citizens of these countries must circulate bitcoins as fiat money.

That may not be as easy as you think

How could people use Bitcoin as a currency if there are not many merchants and vendors offering their services and goods for Bitcoin? I guess a lot of people will be happy to use bitcoins to buy expensive things with them (e.g. real estate, Tesla cars, yachts, lol). But if they simply can't spend their bitcoins on all these things, what should they do? They would have to stick with trading and other investments so as not to lose profit opportunities that Bitcoin itself and its volatility present

The one that can solve that problem are the banks itself. If the banks will purchase huge volumes of bitcoin then print bitcoin paper money that is equivalent to the amount or volume of bitcoin they purchase
 Then they will distribute that bitcoin paper money to people then that time bitcoin having a material form can be accepted anywhere without internet access.

[salmanahmedone]

Bitcoin as it stands right now i see it becoming well know in the nearest future
because now very few people in the world knows about and for that and because the
government is not in full control if it so when the when people come to more about it
then it will be the currency that that people will like to use with time everything is step by step.

Exactly true, every thing start from that step-by-step rule since the bitcoin is just having its name globally and
we can see the positive effect and advantages of it in every individual which we can see

[Pearls Before Swine]

It better not depend on mass adoption, because I think that's extremely unlikely to happen.  Bitcoin will be fine in the hands of the hardcore base that it has now, and perhaps something better will come along.

It certainly does have an interesting economy right now.  The people who use it seem to all be crazy.

[deisik]

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.

Bitcoin is money and as money we must use it. The only way to grow bitcoin price is if we ask to buy/sell goods and services using bitcoins. I agree that there are countries where their national currency is very weak they lose from inflation every day and they use bitcoin for hoarding. But there world economies too with strong fiat currency. The citizens of these countries must circulate bitcoins as fiat money.

That may not be as easy as you think

How could people use Bitcoin as a currency if there are not many merchants and vendors offering their services and goods for Bitcoin? I guess a lot of people will be happy to use bitcoins to buy expensive things with them (e.g. real estate, Tesla cars, yachts, lol). But if they simply can't spend their bitcoins on all these things, what should they do? They would have to stick with trading and other investments so as not to lose profit opportunities that Bitcoin itself and its volatility present

The one that can solve that problem are the banks itself. If the banks will purchase huge volumes of bitcoin then print bitcoin paper money that is equivalent to the amount or volume of bitcoin they purchase
 Then they will distribute that bitcoin paper money to people then that time bitcoin having a material form can be accepted anywhere without internet access.

That's exactly what the Amercan banks did in the 19th century

Namely, they took gold from their clients and issued gold certificates ("paper gold") which were then used as money (this system became later known as the gold bullion standard). The problem with these certificates was that the banks issued more paper gold than they had real gold in their vaults. Not surprisingly that bank runs were quite common, and the average life span of a US bank was around five years back then. And there is no guarantee that Bitcoin banks won't do something to that tune

[MingLee]

It better not depend on mass adoption, because I think that's extremely unlikely to happen.  Bitcoin will be fine in the hands of the hardcore base that it has now, and perhaps something better will come along.

It certainly does have an interesting economy right now.  The people who use it seem to all be crazy.

There's probably a fairly good amount of the future in Bitcoin that relies on people adopting it to be honest. A community that is small has to grow to become more valuable, and that growth comes with adoption. Something like this means that, in order for the value to go up, more people must get involved in one way or another.

[X-ray]

It better not depend on mass adoption, because I think that's extremely unlikely to happen.  Bitcoin will be fine in the hands of the hardcore base that it has now, and perhaps something better will come along.

It certainly does have an interesting economy right now.  The people who use it seem to all be crazy.

There's probably a fairly good amount of the future in Bitcoin that relies on people adopting it to be honest. A community that is small has to grow to become more valuable, and that growth comes with adoption. Something like this means that, in order for the value to go up, more people must get involved in one way or another.

The growth will not comes with adoption but the adoption will be the growth. And if you want the value to go up just make the adoption increasing rapidly and because of that the market will have big demands so the price will be increasing. And a community could only grow if there's an adoption or people who are willing to join

[deisik]

It better not depend on mass adoption, because I think that's extremely unlikely to happen.  Bitcoin will be fine in the hands of the hardcore base that it has now, and perhaps something better will come along.

It certainly does have an interesting economy right now.  The people who use it seem to all be crazy.

If Bitcoin is not to be mass adopted it will remain a marginal currency for geeks mainly. Strictly speaking, Bitcoin is already adopted by a lot of people that could hardly be called a hardcore base. Without all these people (which are maily for profits here) Bitcoin would most likely still be hanging around single digits...

Since even most intrepid die-hards love to see the price of their pet toy rise

[MFahad]

It better not depend on mass adoption, because I think that's extremely unlikely to happen.  Bitcoin will be fine in the hands of the hardcore base that it has now, and perhaps something better will come along.

It certainly does have an interesting economy right now.  The people who use it seem to all be crazy.

If Bitcoin is not to be mass adopted it will remain a marginal currency for geeks mainly. Strictly speaking, Bitcoin is already adopted by a lot of people that could hardly be called a hardcore base. Without all these people (which are maily for profits here) Bitcoin would most likely still be hanging around single digits...

Since even most intrepid die-hards love to see the price of their pet toy rise

so in the near future we can say that many people will continue to use this bitcoin, it is not hard to believe on that thing since we are the growing adaptation of people around.

[Shenzou]

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

Indeed that bitcoin's future is still not sure whether it is bright or dark, you see bitcoin is a double edged sword , on one side you have total security so no one knows any of your personal information so your identity is always safe , and your money is safe from potential hacks, and the other side this creates a perfect environment for hackers and drug dealers to develop their business with totally being anonymous, all of this makes people wonder whether it is safe to adopt bitcoin , what are the chances that government could ban bitcoin ?, is bitcoin even worth investing in ? is it stable ?, all these question could only answered by time.

[Mastsetad]

everything develops from the micro to the larger system. Currently about Bitcoin know a few people, so to speak about globalization Bitcoin yet. He has not much effect on the economy of the world

Yes, bitcoin is still too young and it has not been around from a really long time so whatever success it has got until now is great according to that, and hopefully this will increase with the time as we can see the community is growing every month.

[ubitcoin]

It better not depend on mass adoption, because I think that's extremely unlikely to happen.  Bitcoin will be fine in the hands of the hardcore base that it has now, and perhaps something better will come along.

It certainly does have an interesting economy right now.  The people who use it seem to all be crazy.

If Bitcoin is not to be mass adopted it will remain a marginal currency for geeks mainly. Strictly speaking, Bitcoin is already adopted by a lot of people that could hardly be called a hardcore base. Without all these people (which are maily for profits here) Bitcoin would most likely still be hanging around single digits...

Since even most intrepid die-hards love to see the price of their pet toy rise

so in the near future we can say that many people will continue to use this bitcoin, it is not hard to believe on that thing since we are the growing adaptation of people around.

There is no doubt about this that bitcoin is going to be one of the most popular currency of the world, and the reason behind this is that the new generation prefers mobile payment system therefore they are giving preference to online digital currencies and definitely they will chose bitcoin as bitcoin is one of the best option for them.

[OROBTC]

...

I still think that for BTC to really succeed, it needs BOTH a much larger user base (people like us) as well as many more merchants who accept it as payment.  We are not very close on either count to reaching "critical mass".  There is only ONE merchant that I have used multiple times re buying with Bitcoin, and frankly, it would have been cheaper to write an old-fashioned check and mail it to them.

Improvements in blockchain technology might help (if the developers can agree and then get it done right)...

[agamasrori]

...

I still think that for BTC to really succeed, it needs BOTH a much larger user base (people like us) as well as many more merchants who accept it as payment.  We are not very close on either count to reaching "critical mass".  There is only ONE merchant that I have used multiple times re buying with Bitcoin, and frankly, it would have been cheaper to write an old-fashioned check and mail it to them.

Improvements in blockchain technology might help (if the developers can agree and then get it done right)...

Yes, mass adoption is really needed. Merchant will follow what people wants. I knew that some of big companies in usa were accept bitcoin, I think the future of bitcoin economics is good.

[rajasumi2]

I think it will be a great success at the first. As more and more people will start adopting bitcoins as their currency and government might allow it .thats how bitcoin economics can increase to a very large extend.kudoos