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Author Topic: Future of Bitcoin Economics  (Read 31446 times)
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November 08, 2017, 01:16:22 AM
 #741

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

I think, bitcoin can be more popular and widely used, because digital technology is more advanced.
It's easy to copy the technology but this one is decentralized so the government cannot copy the entire system.
This is quite new to the people so they will be hesitant to adopt but once they understand how much protection they can have in using bitcoin they will be in love with this technology, the bank will surely loss their clients as people does not need a third party to transact using their bitcoin.

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November 08, 2017, 06:26:43 AM
 #742

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

I think, bitcoin can be more popular and widely used, because digital technology is more advanced.
It's easy to copy the technology but this one is decentralized so the government cannot copy the entire system.
This is quite new to the people so they will be hesitant to adopt but once they understand how much protection they can have in using bitcoin they will be in love with this technology, the bank will surely loss their clients as people does not need a third party to transact using their bitcoin.
Bitcoin is already copied a lot of times by the altcoins but there is no one that can beat the original and the very first cryptocurrency that is ever created. The future of the bitcoin only relies on the demand of the people and based on what is happening right now, bitcoin has a lot of demand in the market and it seems that it will go even higher in the near future.

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November 08, 2017, 06:33:38 AM
 #743

Bitcoin economics is the same as fiat if there is high demand or demand the price will continue to increase and bitcoin is still currently in beta mode there still room to improve and not so many countries have accepted it mostly countries in south east asia have adopted it that is Philippines, japan, korea while the west continue's to reject it but well see in future events.



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November 09, 2017, 06:54:09 PM
 #744

so far I can assume about bitcoin. it is getting good demandable and acceptable to folks daily, if you think about the future of bitcoin then you can be assured of seeing a bright future of bitcoin financial aspects. when need raises coincidently price also raises, lately we've skilled unparalleled combination of bitcoin, so we may take an assumption that way forward for bitcoin economics is going to be steady and reputable. 
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November 09, 2017, 07:21:52 PM
 #745

Economics essentially depends upon demand and supply of cash or any commodity. If Bitcoin will be demandable to folks then it's price will also go higher. Daily Bitcoin is getting popular and acceptable therefore we can tell the future of bitcoin economics is foreseeable. For my perspective, Bitcoin Economics will be disseminate all over the world in future.
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November 11, 2017, 12:32:01 AM
 #746

Nicely, accurate! Numerous nations planning to adopt already that cryptocurrency, cryptocurrency is accelerating, demand as higher, manipulator are growing and by this Bitcoin Economy tends to make develop. Lots of nations are transpires with legalized and accepting cryptocurrency simply because perhaps they think that it would be the future.
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November 11, 2017, 12:52:16 AM
 #747

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

There will always be two event to happen, it might fail and succeed. I agree that its all up to the support of people. Based on its current situation, we can say that bitcoin is running in the right track of success. Its getting more and more recognition and gaining popularity all over the world. I would not be surprise if its going to be a universal currency in the future. The demand is continuously increasing and the bitcoin's value is ever growing. On the contrary, once people stop from using it, bitcoin may possibly dump and there will be an attempt to have new technology crypto.

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November 11, 2017, 08:54:14 AM
 #748

Because the prediction of the future of Bitcoin economics is difficult ,so is also similarly difficult to forecast the down fall of Bitcoin.
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November 11, 2017, 08:56:56 AM
 #749

Bitcoin have a large community supportd that the economic can bring wealth to the people. It the pass year of bitcoin they have show the prove that it can changes the way we expect to it.

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November 11, 2017, 03:57:56 PM
 #750

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

I think, bitcoin can be more popular and widely used, because digital technology is more advanced.
It's easy to copy the technology but this one is decentralized so the government cannot copy the entire system.
This is quite new to the people so they will be hesitant to adopt but once they understand how much protection they can have in using bitcoin they will be in love with this technology, the bank will surely loss their clients as people does not need a third party to transact using their bitcoin.
Bitcoin is already copied a lot of times by the altcoins but there is no one that can beat the original and the very first cryptocurrency that is ever created. The future of the bitcoin only relies on the demand of the people and based on what is happening right now, bitcoin has a lot of demand in the market and it seems that it will go even higher in the near future.
Do you think Bitcoin Cash can do that? Recently, there are many rumors about Bitcoin Cash can become the next Bitcoin and create a revolution to replace original Bitcoin. That is the reason the price of Bitcoin Cash has pumped fastly after Bitcoin dumped from all time high price in past days. What do you think about this?



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November 11, 2017, 04:10:24 PM
 #751

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

I think, bitcoin can be more popular and widely used, because digital technology is more advanced.
It's easy to copy the technology but this one is decentralized so the government cannot copy the entire system.
This is quite new to the people so they will be hesitant to adopt but once they understand how much protection they can have in using bitcoin they will be in love with this technology, the bank will surely loss their clients as people does not need a third party to transact using their bitcoin.
Bitcoin is already copied a lot of times by the altcoins but there is no one that can beat the original and the very first cryptocurrency that is ever created. The future of the bitcoin only relies on the demand of the people and based on what is happening right now, bitcoin has a lot of demand in the market and it seems that it will go even higher in the near future.
Do you think Bitcoin Cash can do that? Recently, there are many rumors about Bitcoin Cash can become the next Bitcoin and create a revolution to replace original Bitcoin. That is the reason the price of Bitcoin Cash has pumped fastly after Bitcoin dumped from all time high price in past days. What do you think about this?

This is likely just another round of heavy market manipulation

And Bitcoin is still trading well above 6 thousand dollars per coin, surely not something to sneeze at. Let's not forget that when it had risen near 6,000 first, it crashed below 4,000 then, and rebounded strongly to reach all time highs at nearly 8,000 dollars soon thereafter. Obviously, market manipulators are laying themselves out to make it look like Bitcoin Cash is the next Bitcoin. It makes no sense to pump, say, Litecoin to dethrone Bitcoin, but Bitcoin Cash seems to be a better, more viable alternative now that Bitcoin 2x got canceled. The latter would have probably worked better but the NY conspirators and impostors failed miserably, so they had to activate plan B. And this is Bitcoin Cash

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November 11, 2017, 04:15:25 PM
 #752

No one can deny the increasing popularity of bitcoin. Bitcoin will be the future of the currency industry, people can easily trade with each other and ensure absolute safety. It depends a lot on the needs of everyone  Tongue

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November 11, 2017, 04:27:26 PM
 #753

Yes! you said correctly. Bitcoin depends on the future of the economy taking Bitcoin. But it is certain that people will use Bitcoin much more in the future. Bitcoin will be much more popular. People of all levels of society will accept it. I can see a bright future of Bitcoin.

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November 12, 2017, 06:23:49 AM
 #754

I think the future of bitcoin economics will be huge one that influence other economy of different countries. By the help of the people the bitcoin will be the great thing the have.
For sure it will be huge and the reason is why all the people are using the bitcoin and they are now buying the bitcoin at the low rate and they are saving the bitcoin for the long time I think this is the reason why all the bitcoin is being famous and this is the reason why a lot of the people will hold for the long time and I will buy the bitcoin at the low price and will sell at the new increased price I hope this is the real profit.

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November 12, 2017, 10:40:09 AM
 #755

I think the future is bright,  and that is why more and more people are getting connected to bitcoins and it is trending so much.  Bitcoin has a awesome future ahead as bitcoins is growing with such a higher rate that everyone is following it.  Bitcoin has a great future that is why people are buying it and investing in it.  As people start saving them as they buy it now in lower prices and save it for future uses.  And as it's prices are skyrocketting there are very higher possibilities of its price hike in future.  Future of bitcoins economics is going to be diverse.  It is even from now many big companies and authorities start connected with bitcoin as they started accepting it as a payment methods and people are accepting it open handedly. In future more and more people, companies and authorities will connect to it.  And bitcoin will become a big part of economics of a country.

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November 12, 2017, 03:06:34 PM
 #756

In my opinion, Bitcoin is cryptocurrency of future. Now very few people deal with cash - they prefer doing everything using credit/debit cards. A rare person now remembers when he kept all his money at home.
Meanwhile, doing bank operations, people hate to pay commissions for it and withdrawal in ATM costs too. BTC gives all chances to get rid of many commissions.
Bitcoin economic will flourish.  Wink

Well, but what about transaction fees? Right now it is around $4 for a fast transaction. I think Bitcoin is a great tool for transferring huge amounts, but not so good for the small ones. Maybe this problem will be solved in the future and then indeed Bitcoin will be used more than credit/debit cards.

If anything, that's unlikely

Personally, I doubt that the problem with the high fees will be solved. Bitcoin is not used as a tool for transferring daily values. And that has become sort of normal. If you need fast and cheap transactions, use Litecoin or something similar. But this is not what I want to say here. My point is that Bitcoin has basically burned the bridges behind itself, and it has no place where to retreat or run for cover. If it crashes for some reason and turns into yet another coin, it is effectively doomed for extinction, since, technically, it is an utterly outdated coin, and its only advantage is higher profitability over longer terms entirely due to speculation. But will it last forever?

Even if you are right and Litecoin or any other crypto is better than Bitcoin regarding the speed and the price of transactions, for most people it will take huge amount of time to comprehend that. Most people, and I mean educated and wealthy people, don't use Bitcoin still, and when they will start using BTC it will take another 10 years for them to learn about advantages of other cryptos. But I personally think that it is not guaranteed that Litecoin will not face similar problems (or other critical problems) when used on a larger scale.

It is not about me being right or wrong

It is an established fact that the total majority of coins are way faster than Bitcoin, and most of them are cheaper in terms of transaction costs at that. But that's not my point, which you to have missed entirely. You seem to have missed or discarded my assumption that if Bitcoin should crash massively (for whatever reason), there will be no way back for it since it will instantly turn into a completely outdated coin. You basically assume that Bitcoin will never crash but that is not a given by any means
The transaction speed of the bitcoin has become very high and no one can beat the bitcoin for this because now the value and the price of the bitcoin is increasing and a lot of the people are buying the bitcoin at the low price and the high demand of the bitcoin is increasing the power and the strength of the bitcoin at the same time so with this the economics will grow future will be bright with the increase of the crypto currency.

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minthit
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November 12, 2017, 03:21:03 PM
 #757

What about the technological aspects? I can't clearly tell the difference between btc and alt coins in that aspect but whenever I came across an alt coin, there's almost always claims of new additional features. I haven't read any kind of such tech advancement about bitcoin lately. Can anybody tell me about that please? I'm really keen to explore.
Bonenx14
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November 12, 2017, 03:57:01 PM
 #758

No one can deny the increasing popularity of bitcoin. Bitcoin will be the future of the currency industry, people can easily trade with each other and ensure absolute safety. It depends a lot on the needs of everyone  Tongue
not necessarily, too, because in this case it is likely that bitcoin prices will go down as well, it is not possible if bitcoin prices go up steadily, surely offset by the decline. although bitcoin prices rise and fall but bitcoin enthusiasts are always increasing.

baracuda212
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November 12, 2017, 04:21:08 PM
 #759

bitcoin is a good future, it will not be affected with anything, including the government

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Malaya
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November 12, 2017, 04:42:38 PM
 #760

Future of Bitcoin economics we can say indeed depends on the people who will adapat and accept it. However, there will be times that it will be challenged also by the people who are not familiar anout bitcoin yet. Like the governments from other countries, bitcoin is not really well embraced and there are still restrictions. But our hope is bitcoin economics will continuously flourish as the mass accept and share it will others.

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