Future of Bitcoin Economics

[Positid]

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

We cannot say that, the success is base on how people trust bitcoin and as we can see now, it is very trusted do to great price increase.

[lol3c]

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

Wrong. Although bitcoin is not well-known, It still plays an important role in the world ecosystem. Most of the companies and traders know about bitcoin and its advantages. Bitcoin can easily affect the economy at present. The bitcoin globalization will occur soon, you have to wait or you can support Bitcoin in order to speed of the progress

[TastyChillySauce00]

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

We cannot say that, the success is base on how people trust bitcoin and as we can see now, it is very trusted do to great price increase.

The great price is affected by the demands, not the trust or any else. Trust could bring the demands indeed but most of traders ( who is also the factor among many that bring demands ) are only looking for profit and they don't give a shit about trust as long they can make pretty decent profit out of it. they will trust it if it could bring them money otherwise they didn't then they just move to other alternate coins. Simple as that

[choppork]

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

Wrong. Although bitcoin is not well-known, It still plays an important role in the world ecosystem. Most of the companies and traders know about bitcoin and its advantages. Bitcoin can easily affect the economy at present. The bitcoin globalization will occur soon, you have to wait or you can support Bitcoin in order to speed of the progress

If you take a look at the percentage of people that gets affected if the bitcoin price crashed, it's not that much. We might not even be in one million right now in population. There's still far more people that are into youtube, facebook and all that stuff. Bitcoin can't affect our economy right now at all.

Bitcoin globalization? You meant mass adoption? Nope. I don't think that will be occurring soon. We're still below 1% of the world's population. We're far from what you're thinking.

[skyway1]

we know that a lot of people adopting bitcoin in high amount so we can says that bitcoin future will be rise and shine and bitcoin price is increases very much faster than other currency and a lot of people getting awareness about bitcoin and bitcoin getting too much popularity in the world.

[Taki]

Yes of course that bitcoin's future and popularity depends from demand on bitcoin. And here on the forum you can read different kind of predictions about bitcoin. There is only the one that I truly believe is that after next halving in four years bitcoin will cost maximum high.

[deisik]

Bitcoin globalization? You meant mass adoption? Nope. I don't think that will be occurring soon. We're still below 1% of the world's population. We're far from what you're thinking.

I guess we are well below even 0.1% of world population

Just below 1% could amount to some 70 million people, and that would be a whole country like Germany (somewhat above that figure) or France (somewhat below). It seems there are only half a million people actively using Bitcoin on a daily basis. This is a tiny number which could be discouraging but just like a half-empty glass is also half-full at the same time, the small Bitcoin populace shows as well how much room is there for further adoption. And how high the price might surge if this free space gets filled with new bitcoiners

[Supercrypt]

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

Bitcoin's future itself depends on mass adoption, you see bitcoin is a double edged sword , on one side you have total safety 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 is the best way for hackers and drug dealers to develop their business with totally being anonymous, all of this makes people think if it is safe to adopt bitcoin.

[kryptqnick]

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

You are absolutely right but if we are speaking this way then nobody can predict the future of anything, you know. There can be some probability of different futures though. It is connected to btc as well. We can say it can either die or live at first. Then if it is to die, we can try naming the plausible causes (new inventions, war of everyone against everyone). After that we can think about it living with drops and growths in price and all that stuff.

[lOvE mE forEvEr]

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

We cannot say that, the success is base on how people trust bitcoin and as we can see now, it is very trusted do to great price increase.

I think it is still difficult for prediction, the stock of bitcoin is limited, I'm not sure whether the existing stock could be sufficient for the needs of all humans in the world if you want to use the bitcoin.

[Gotottack]

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

We cannot say that, the success is base on how people trust bitcoin and as we can see now, it is very trusted do to great price increase.

I think it is still difficult for prediction, the stock of bitcoin is limited, I'm not sure whether the existing stock could be sufficient for the needs of all humans in the world if you want to use the bitcoin.

This is one of the primary reasons why bitcoin prices will still go up! There is only a limited number of bitcoins and when the time comes there are plenty of people that use bitcoins the supply would be so far stretched and scattered, the value of each would already be determined by supply and demand. Hence, making the price sky rocket.

[rajasumi3]

It will be much popular as more and more people will start bitcoins as their currency and the economic condition is increasing with the adoption of bitcoins and rhe govenmnet will have a good time implementing it.

[sonic212]

bitcoin prices now look very amazing so was the bitcoin save as much as possible to be growing in the future bitcoin

[Layla Mckenzie]

It really all depends on how start up companies utilize their capital to attract more people to the bitcoin environment.

[marcuslong]

It will be much popular as more and more people will start bitcoins as their currency and the economic condition is increasing with the adoption of bitcoins and rhe govenmnet will have a good time implementing it.

Bitcoin will be only popular because of it's unstable price this is why traders are choosing bitcoin to gain profit everything they do trading from digital currency into fiat money bitcoin has a big part of our economi right now bitcoin is increasing that fast with the help of people who using bitcoin to support it.

[AUDREY23]

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 think that if significant progress bitcoin always like this continues, then in the next few years will surely, more and more users, because this will be the future of electronic money, which is very nice

[justdimin]

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.

Yes I am agree with you, I am hopeful that bitcoin will certainly be the most popular currency of the world. It is a fact that people are accepting bitcoin and that are also investing their money in bitcoin and that is the reason that bitcoin is becoming more stable now a days so it economy also becoming more stronger over time.

[tabnloz]

...

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)...

OROBTC, I've been thinking about this of late during this run up and my opinion is changing.

We all want more merchant adoption but what leads to more of it and more consumer interest? Seems to be in places where SHTF, right? As has been mentioned frequently, Average Joe in the west doesn't have too many incentives to use bitcoin. His cash / card work perfectly well and the fees / minor dramas with paypal or ebay etc are mostly just inconveniences. He also only really hears about bitcoin during pumps, dumps or crimes / hacks.

Yet we look around the world and see where interest in bitcoin is surging: countries with hyperinflation, bans on cash or crippling remittance fees. This suggests that bitcoin will catch on when it offers protection from something. From this I've been thinking that bitcoin will become a safe haven before merchant / consumer adoption picks up. I've always considered bitcoin a crisis asset & hodling was always my plan but I assumed we needed Amazon or someone to accept it to reach critical mass. Maybe not?

[burner2014]

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

History speaks for itself, you can predict and analyze thru its trend. Mayeb it is not as accurate as we predict  because it is really depends on the users but at least you have the basis when you want to invest now or do some trading, you can also rely on the predictions of the expert saying that bitcoin price in 2017 will get higher. 

[Rahar02]

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

Bitcoin does depend on the dev team and the users to keep it circulate on the market.
Mass adoption may attracted to advantages of bitcoin and how much merchants/stores, big companies accepted bitcoin payment.
Well, it may happen in the next 3-5 years, more adopters.