Future of Bitcoin Economics

[ikydesu]

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. 

If we talk about the price, of course I think it will jump higher with people attention nowadays there's no impossible bitcoin to the moon, although we can't predict how much it's worth.

I just worried about the improvement of bitcoin itself for the future, especially with the supply, transaction fees and speed, recently it's also my problem, the transaction speed become slowly.

[Red Fish]

Currently Bitcoin have +10 millions users, according to Blockchain wallet info. This is very small part of whole world market, so in fact Bitcoin have very small niche, but Bitcoin can expand in future, if large web sites, like Amazon will start to use it.

[lol3c]

Currently Bitcoin have +10 millions users, according to Blockchain wallet info. This is very small part of whole world market, so in fact Bitcoin have very small niche, but Bitcoin can expand in future, if large web sites, like Amazon will start to use it.

You can not determine the number of Bitcoin users according to only one stats. There are many people generating more than 3 wallets. The number is small, but the effect which Bitcoin has made on the ecosystem can not be denied. It brings to the world many new things and advantages. Right now, scientists and experts are learning more about the Blockchain.

[Positid]

Currently Bitcoin have +10 millions users, according to Blockchain wallet info. This is very small part of whole world market, so in fact Bitcoin have very small niche, but Bitcoin can expand in future, if large web sites, like Amazon will start to use it.

You can not determine the number of Bitcoin users according to only one stats. There are many people generating more than 3 wallets. The number is small, but the effect which Bitcoin has made on the ecosystem can not be denied. It brings to the world many new things and advantages. Right now, scientists and experts are learning more about the Blockchain.

I even have more than 3 wallets, I feel secured having more wallets so I can divide my savings in bitcoins. If one account will be compromise, it will not totally stop my journey in bitcoin. I do that because I have an investment for long term.

[Fatanut]

Currently Bitcoin have +10 millions users, according to Blockchain wallet info. This is very small part of whole world market, so in fact Bitcoin have very small niche, but Bitcoin can expand in future, if large web sites, like Amazon will start to use it.

You can not determine the number of Bitcoin users according to only one stats. There are many people generating more than 3 wallets. The number is small, but the effect which Bitcoin has made on the ecosystem can not be denied. It brings to the world many new things and advantages. Right now, scientists and experts are learning more about the Blockchain.

Lol what are the scientists doing in the bitcoin network?

I agree with you that you can't use the number of wallets that has been made in the blockchain network as a statistics of how many people are there. There are no personal info needed to make one, one IP can make a huge number of bitcoin wallet. We don't even know how many bitcoin wallets does an average bitcoin user has. You said there's 10 million wallets. Thousands of wallets can be owned by just a single company of like gambling sites, etc. Imagine how many companies are there. We are far from reaching 10 million in population.

[X-ray]

Currently Bitcoin have +10 millions users, according to Blockchain wallet info. This is very small part of whole world market, so in fact Bitcoin have very small niche, but Bitcoin can expand in future, if large web sites, like Amazon will start to use it.

You can not determine the number of Bitcoin users according to only one stats. There are many people generating more than 3 wallets. The number is small, but the effect which Bitcoin has made on the ecosystem can not be denied. It brings to the world many new things and advantages. Right now, scientists and experts are learning more about the Blockchain.

I even have more than 3 wallets, I feel secured having more wallets so I can divide my savings in bitcoins. If one account will be compromise, it will not totally stop my journey in bitcoin. I do that because I have an investment for long term.

if you have long term investment only dividing it into 3 parts of wallet is definitely not safe once your pc compromised they may could gather the data to open all your wallet . if you really investing for long term you must improve your security and maximize it. having one wallet with very high security is better than having 3 wallets but all having poor security

[crockoo]

Currently Bitcoin have +10 millions users, according to Blockchain wallet info. This is very small part of whole world market, so in fact Bitcoin have very small niche, but Bitcoin can expand in future, if large web sites, like Amazon will start to use it.

You can not determine the number of Bitcoin users according to only one stats. There are many people generating more than 3 wallets. The number is small, but the effect which Bitcoin has made on the ecosystem can not be denied. It brings to the world many new things and advantages. Right now, scientists and experts are learning more about the Blockchain.

I even have more than 3 wallets, I feel secured having more wallets so I can divide my savings in bitcoins. If one account will be compromise, it will not totally stop my journey in bitcoin. I do that because I have an investment for long term.

if you have long term investment only dividing it into 3 parts of wallet is definitely not safe once your pc compromised they may could gather the data to open all your wallet . if you really investing for long term you must improve your security and maximize it. having one wallet with very high security is better than having 3 wallets but all having poor security

you're right, having a lot of wallets, and the infected computer - it is possible to lose all assets. This is the biggest risk in investing in Bitcoin

[deisik]

Currently Bitcoin have +10 millions users, according to Blockchain wallet info. This is very small part of whole world market, so in fact Bitcoin have very small niche, but Bitcoin can expand in future, if large web sites, like Amazon will start to use it.

You can not determine the number of Bitcoin users according to only one stats. There are many people generating more than 3 wallets. The number is small, but the effect which Bitcoin has made on the ecosystem can not be denied. It brings to the world many new things and advantages. Right now, scientists and experts are learning more about the Blockchain.

Lol what are the scientists doing in the bitcoin network?

Welcome to Black Mesa Large Bitcoin Collider:

I agree with you that you can't use the number of wallets that has been made in the blockchain network as a statistics of how many people are there. There are no personal info needed to make one, one IP can make a huge number of bitcoin wallet. We don't even know how many bitcoin wallets does an average bitcoin user has. You said there's 10 million wallets. Thousands of wallets can be owned by just a single company of like gambling sites, etc. Imagine how many companies are there. We are far from reaching 10 million in population.

The number of users is both hard to determine and ultimately irrelevant and inconsequential itself. We wouldn't even be able to define whom to consider as a Bitcoin user. If we want to see how Bitcoin evolves, we should look at the number of transactions processed daily by the Bitcoin network as well as the fill-up ratio of the blockchain blocks. Since the blocks are mostly full nowadays (barring certain miners that deliberately chose not to include any transactions in found blocks), we are mostly left with just transactions...

And their number has been steadily rising since September

[sportis]

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

According this super optimistic prediction http://www.coindesk.com/2016-bitcoin-challenge-100-million-users/ that bitcoin users would be 100 million in the end of 2016 will not come true. The only thing which is real is that transactions per day now are about 40% more than the same day 1 year ago.

[PanZerrr]

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

According this super optimistic prediction http://www.coindesk.com/2016-bitcoin-challenge-100-million-users/ that bitcoin users would be 100 million in the end of 2016 will not come true. The only thing which is real is that transactions per day now are about 40% more than the same day 1 year ago.

I believe that this is a good achievement for Bitcoins. And the fact that its price rose only confirms my theory. More demand - more price

[carlerha]

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

According this super optimistic prediction http://www.coindesk.com/2016-bitcoin-challenge-100-million-users/ that bitcoin users would be 100 million in the end of 2016 will not come true. The only thing which is real is that transactions per day now are about 40% more than the same day 1 year ago.

I believe that this is a good achievement for Bitcoins. And the fact that its price rose only confirms my theory. More demand - more price

yes in fact the demand is still increasing, and hope that it will continue for a long time. as still a very little number of people know about bitcoin and now people are interested to invest their money in bitcoin and they are doing so. that is why the price of bitcoin is continuously increase.

[PokerFace3]

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

According this super optimistic prediction http://www.coindesk.com/2016-bitcoin-challenge-100-million-users/ that bitcoin users would be 100 million in the end of 2016 will not come true. The only thing which is real is that transactions per day now are about 40% more than the same day 1 year ago.

I believe that this is a good achievement for Bitcoins. And the fact that its price rose only confirms my theory. More demand - more price

yes in fact the demand is still increasing, and hope that it will continue for a long time. as still a very little number of people know about bitcoin and now people are interested to invest their money in bitcoin and they are doing so. that is why the price of bitcoin is continuously increase.

There is no doubt that the bitcoin’s price has been increasing very much lately this year because of how much there is a constant demand and new people coming to it, but at some point this demand will go down, still when new people are going to start coming in which will make the price go up and then new investments are going to come in all the times.

At least till crossing $1200+ levels, we could assume this up surge will sustain to get investors huge profits.

[Kaller]

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

According this super optimistic prediction http://www.coindesk.com/2016-bitcoin-challenge-100-million-users/ that bitcoin users would be 100 million in the end of 2016 will not come true. The only thing which is real is that transactions per day now are about 40% more than the same day 1 year ago.

I believe that this is a good achievement for Bitcoins. And the fact that its price rose only confirms my theory. More demand - more price

yes in fact the demand is still increasing, and hope that it will continue for a long time. as still a very little number of people know about bitcoin and now people are interested to invest their money in bitcoin and they are doing so. that is why the price of bitcoin is continuously increase.

The demand is increasing. I have encourage my friends to buy and use some bitcoin when they buy things.

[lol3c]

Currently Bitcoin have +10 millions users, according to Blockchain wallet info. This is very small part of whole world market, so in fact Bitcoin have very small niche, but Bitcoin can expand in future, if large web sites, like Amazon will start to use it.

You can not determine the number of Bitcoin users according to only one stats. There are many people generating more than 3 wallets. The number is small, but the effect which Bitcoin has made on the ecosystem can not be denied. It brings to the world many new things and advantages. Right now, scientists and experts are learning more about the Blockchain.

I even have more than 3 wallets, I feel secured having more wallets so I can divide my savings in bitcoins. If one account will be compromise, it will not totally stop my journey in bitcoin. I do that because I have an investment for long term.

if you have long term investment only dividing it into 3 parts of wallet is definitely not safe once your pc compromised they may could gather the data to open all your wallet . if you really investing for long term you must improve your security and maximize it. having one wallet with very high security is better than having 3 wallets but all having poor security

you're right, having a lot of wallets, and the infected computer - it is possible to lose all assets. This is the biggest risk in investing in Bitcoin

Look like there are many people who are the same as me. Here are some advices: try not to forget your passwords or your seed. It is not a good experience at all. I lost my seed one in the past and the result is that I lost all 0.2 Bitcoin there. Well, I think I was very stupid not to copy my private key. Using many wallets also causes you some trouble so be careful

[Wandering Soul~]

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

Yes bitcoins future really depends on its mass adoption, If it happens we bitcoin users will gain something from it in other words its a success for us and also for the future users .

Nobody can predict it cause no one knows what the future holds but we can always come up with our own speculation based on the facts about bitcoin and things surrounding it .

[Kaller]

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

Yes bitcoins future really depends on its mass adoption, If it happens we bitcoin users will gain something from it in other words its a success for us and also for the future users .

Nobody can predict it cause no one knows what the future holds but we can always come up with our own speculation based on the facts about bitcoin and things surrounding it .

That is the reason I encourge my friends to use bitcoin.

[CROYA86]

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

Yes bitcoins future really depends on its mass adoption, If it happens we bitcoin users will gain something from it in other words its a success for us and also for the future users .

Nobody can predict it cause no one knows what the future holds but we can always come up with our own speculation based on the facts about bitcoin and things surrounding it .

That is the reason I encourge my friends to use bitcoin.

bitcoin world today are growing rapidly in its development, is increasingly a lot of users even altcoin is now also increasingly popping up, with the price of bitcoin now with growing up and getting a lot of recognition from the state to make bitcoin as a currency

[BillyBobZorton]

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. 

If we talk about the price, of course I think it will jump higher with people attention nowadays there's no impossible bitcoin to the moon, although we can't predict how much it's worth.

I just worried about the improvement of bitcoin itself for the future, especially with the supply, transaction fees and speed, recently it's also my problem, the transaction speed become slowly.

We have already a roadmap to keep scaling bitcoin, im not that worried about it, im worried about trolls keeping further bitcoin development away from happening. We Re seeing it already with segwit, so many trolls blocking it instead of being helpful and making bitcoin. We have a lot of know it all smartasses thinking they know better than actual experts that work on the code daily. But at the end of the day, even if bitcoin stays the same as it is now forever, it is already an achievement considering it is already a better gold.

[aryana42]

Bitcoin will adopt in global economy, and we can expect to take part of money that is going trough internet. community is growing, people are coming all the time to using bitcoin,.

[xIIImaL]

Bitcoin will adopt in global economy, and we can expect to take part of money that is going trough internet. community is growing, people are coming all the time to using bitcoin,.

You could say as economy will adopt bitcoin. Still many of the people does not know about bitcoin and its potential.value of bitcoin will grow to peak value like 5000$ or more in upcoming years.