Future of Bitcoin Economics

[futuret]

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. 

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reason and turns into yet another coin, it is effectively doomed for extinction, since, technically, it is an utterly outdated coin, and its only advantage is higher profitability over longer terms entirely due to speculation.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crash massively (for whatever reason), there will be no way back for it since it will instantly turn into a completely outdated coin.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.

[minthit]

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]

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 

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]

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

[Malaya]

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.

[speem28]

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

The one thing that we really can't predict on bitcoin is the price, but the future of it, on how it will play a huge role in our financial system is pretty much predictable. As we can see throughout the years, bitcoin has achieved milestones that at first we never thought it could be possible. Even though we are still far from achieving that mass adoption we've always wanted, we are getting closer to it even by just a little as bitcoin gains more attention.

[Xember]

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

I agree. As long as the government will not legalize bitcoin then it will not have any effect on the economy of any specific country. Now, for bitcoin’s economy, I believe it is sill unstable because it is true that many people arenusing bitcoins, however, it is still not enough to stabilize bitcoin’s economy. Still, I have faith in bitcoin. I think eventually, it will work out just fine.

[Raufjoze]

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

the stability of bitcoin currencies is influenced by the economic stability of a country and the level of public confidence in bitcoin

[PrinceCaspian]

The future of bitcoin is brighter than the others and even though bitcoin have a lot of challenges like what is currently happening right now, it is still not enough for bitcoin to darken its future because the future will stay bright and hopeful for bitcoin and i am still holding into that.

[nagatraju]

I believe in the future of bitcoin...economy will development in the future. The price must continue to increase as the number of demand and bitcoin users increasingly widespread in the layers of society. Bitcoin is a very promising investment for the future.

[Feuerbach]

Know exactly the future of the Bitcoin Economics is impossible. Can only predict the variants of development of events. Perhaps taking bitcoin under control and taxation, and maybe bitcoin will continue to go its own way.

[McKane]

Know exactly the future of the Bitcoin Economics is impossible. Can only predict the variants of development of events. Perhaps taking bitcoin under control and taxation, and maybe bitcoin will continue to go its own way.

Dear companion future is in the hand of bitcoin on the grounds that numerous countries have concurred bitcoin. Acknowledged as an installment strategy since they realize that bitcoin can convey a considerable measure of satisfaction to individuals lives so it's smarter to hold bitcoin at the present time on the grounds that in future the estimation of bitcoin will achieve high and administrations will acknowledge bitcoin. At that point in the wake of sparing we will have more bitcoins.

[Igebotz]

the more people using it the more it will come more valuable their are 18,616,356 user that no surprise now bitcoin its the most power full currency my prediction  it will reach the 5 thousand USD on end of the year am still holding my bitcoin will that point. . .

[Cherylstar86]

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

The one thing that we really can't predict on bitcoin is the price, but the future of it, on how it will play a huge role in our financial system is pretty much predictable. As we can see throughout the years, bitcoin has achieved milestones that at first we never thought it could be possible. Even though we are still far from achieving that mass adoption we've always wanted, we are getting closer to it even by just a little as bitcoin gains more attention.

I agree that we can't predict the price of bitcoin and its future. When the financial outbreak might have caused people sometimes to be panic, well I guess thats a matter of profitable visions. The economy of bitcoin might become the leading currency in the future and will be adopted by most of the 95% of the population around the world. Because of its popularity this will bring good results to the economy and certainly it will spread more good news to each and everyone.

[mega]

Bitcoin future is depend upon law of demand once its demand will increase the prices will go on peak,current scenario is perfect example that we can believe in bitcoin its prices going high and also people are going aware about it also want to invest in bitcoin.Due to reliability and efficiency people will be part of bitcoin and future economy of bitcoin can be strong.

[kateycoin]

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

That's true no one can predict to what happen in bitcoin in the future and I think its up to all users of bitcoin what will bitcoin in the future.

[Rakibislam]

The future of bitcoin economics depend on the people using it.We will have new members in the bitcoin community and we would even have a much higher bitcoin price.

[cluit]

I believe the thing that must be solved is bitcoin legitimacy, in order to assure the way forward for the bitcoin. In addition, the problem of taxes and money laundering ought to be instantly resolved.

Yes but I think the money laundering is not the headache of the bitcoin because this is the issue of the government and the government should solve it but not the public, I hope the dream of the people will be solved in the very short time and all the people will see the bitcoin will overcome the issue of the tax in the very short time and we will see the bitcoin price and the profit will be very high in the very short time.

[barefield22]

I believe the thing that must be solved is bitcoin legitimacy, in order to assure the way forward for the bitcoin. In addition, the problem of taxes and money laundering ought to be instantly resolved.

Yes but I think the money laundering is not the headache of the bitcoin because this is the issue of the government and the government should solve it but not the public, I hope the dream of the people will be solved in the very short time and all the people will see the bitcoin will overcome the issue of the tax in the very short time and we will see the bitcoin price and the profit will be very high in the very short time.

Do you think that government need to take control about BTC ?

[Kadal Ijo]

With increasing users this is a good indication that bitcoin is a very good prospect, now the market cap has passed $ 110 billion and this is a huge number so everyone will use bitcoin for transactions and investments.