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Author Topic: BitCoin 20 Years From Now  (Read 70482 times)
The Sceptical Chymist
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December 18, 2016, 01:51:22 AM
 #161

I think it's anyone's guess where bitcoin will be in 20 years.  That's a hell of a long time--it may not seem like it, but in economics it is.  I honestly didn't expect bitcoin to survive past 2014 after the crash, and I was pleasantly surprised that it did.

Something's going to come along to replace bitcoin, that's my guess.  I think it's got way too many problems for it to get the wide adoption that most people are hoping for.  People need a reason to use it instead of fiat, and I have yet to find a good one.  It's a good store of value that takes up no space, but as a currency it blows ass.

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December 18, 2016, 02:04:19 AM
 #162

Probably in 20 years Bitcoin will be there as the "internet currency", don't have idea about the value but i also think that banks and countries will develop their own blockchain.

Otherwise, Bitcoin would be replaced.
if in the countries will develop thei own blockchain whether the countries will make own digital currency? according to people's views if it's happened will be many downsides

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December 18, 2016, 02:39:04 AM
 #163

By that time all the Bitcoin that can be mined are all out and it has reached its maximum price as possible. But seeing Bitcoin it will lose its value overtime because 20 years for an old currency is something people won't hold on because there are a lot of developments and innovations that can potentially overshadow Bitcoin everyday for 20 years. So you better watch what is something new.
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December 18, 2016, 02:58:47 AM
 #164

no one knows future, bitcoin can grow up or dead. if bitcoin grow up until in 20 years for now, of course,bitcoin become a super currency. but bitcoin can disappear if the countries of the world make a rule which makes bitcoin disappear. no one can prediction bitcoin the future.
who knows what will happen.
But one thing I believe, bitcoin potential is unlimited.
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December 18, 2016, 03:00:59 AM
 #165

20 years from now, there are only 3 possible outcomes that might happen. The first and good outcome is that it will have price more than the price it have today and of course more user that uses bitcoin. The second and neutral outcome is that it will have the same price it have today and have the same or slightly more user than it have today. The third and bad outcome is that bitcoin will be worthless and is replaced by another cryptocurrency with no user using it anymore. The chance of this happening though is slim and most likely first and second outcome will happen.
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December 18, 2016, 01:24:29 PM
 #166

20 years from now, there are only 3 possible outcomes that might happen. The first and good outcome is that it will have price more than the price it have today and of course more user that uses bitcoin. The second and neutral outcome is that it will have the same price it have today and have the same or slightly more user than it have today. The third and bad outcome is that bitcoin will be worthless and is replaced by another cryptocurrency with no user using it anymore. The chance of this happening though is slim and most likely first and second outcome will happen.
Well, for me there's only two possible outcome. It could be bitcoin will be very popular and the price will increase substantially or people will lose trust with bitcoin and it will be dead.

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December 18, 2016, 01:29:28 PM
 #167

We are now experiencing the efficient, fast and amazing convergence of technologies which one way or the other greatly contributing to the rise of the cryptocurrencies and making Bitcoin as the King of the Hill so far.

Looking into the future...what do you think will be the scenario involving Bitcoin twenty years from now? Will Bitcoin be worth more than a million or will it ceased to exist? Or will a new crytocurrency replace the supremacy of Bitcoin...?

Bitcoin is never going to die and cease to exist. Its put in to much ground work and will always be king of the hill as you put it. What's its price going to be is hard to answer though. In 20 years it could be in a pump stage so the price could be skyhigh, or it could be ending a 5 year down trend in which case it would be low. Id like to think that in 20 years it wil be worth more then 20K usd at the very minimum.

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December 18, 2016, 01:35:05 PM
 #168

Just 4 percent of the total forex market into bitcoin market cap means 1-4 mil per bitcoin.
 https://en.wikipedia.org/wiki/Foreign_exchange_market
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December 18, 2016, 02:57:22 PM
 #169

We are now experiencing the efficient, fast and amazing convergence of technologies which one way or the other greatly contributing to the rise of the cryptocurrencies and making Bitcoin as the King of the Hill so far.

Looking into the future...what do you think will be the scenario involving Bitcoin twenty years from now? Will Bitcoin be worth more than a million or will it ceased to exist? Or will a new crytocurrency replace the supremacy of Bitcoin...?

Bitcoin is never going to die and cease to exist. Its put in to much ground work and will always be king of the hill as you put it. What's its price going to be is hard to answer though. In 20 years it could be in a pump stage so the price could be skyhigh, or it could be ending a 5 year down trend in which case it would be low. Id like to think that in 20 years it wil be worth more then 20K usd at the very minimum.
we can not deny the truth that Bitcoin will last forever. Since Bitcoin provides many opportunities, people on this planet will soon accept it as a part of this world. In 20 years later, Bitcoin still has many struggles in finding ways to be accepted. Some developed countries, such USA, UK, Italy, etc, will consider Bitcoin as a secondary currency. However, in some third world country, Government will propose many laws to avoid the spreading of Bitcoin as well as prevent its people from using it. Its price, however, will continue rising no matter what happen. 

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December 18, 2016, 03:22:19 PM
 #170

We are now experiencing the efficient, fast and amazing convergence of technologies which one way or the other greatly contributing to the rise of the cryptocurrencies and making Bitcoin as the King of the Hill so far.

Looking into the future...what do you think will be the scenario involving Bitcoin twenty years from now? Will Bitcoin be worth more than a million or will it ceased to exist? Or will a new crytocurrency replace the supremacy of Bitcoin...?

Any of you mentioned could and can happen,nobody expect 20 years ago that we will reach this kind od advancement,in the future everything is possible and could happen,but I pray the one that it will be worth millions of dollars.

20 years is way too long to predict something, yes, I do agree with this, but we all know that bitcoin lives for almost 8 years, correct me if I am wrong, and the other altcoins are just living for just a month yet we trusted it. We must also apply it to bitcoin, we have to trust it and continuously use it to prove that people really loves bitcoin that is why there is nothing, no one should ever replace this wonderful cryptocurrency.
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December 18, 2016, 04:00:35 PM
 #171

We are now experiencing the efficient, fast and amazing convergence of technologies which one way or the other greatly contributing to the rise of the cryptocurrencies and making Bitcoin as the King of the Hill so far.

Looking into the future...what do you think will be the scenario involving Bitcoin twenty years from now? Will Bitcoin be worth more than a million or will it ceased to exist? Or will a new crytocurrency replace the supremacy of Bitcoin...?

Any of you mentioned could and can happen,nobody expect 20 years ago that we will reach this kind od advancement,in the future everything is possible and could happen,but I pray the one that it will be worth millions of dollars.

20 years is way too long to predict something, yes, I do agree with this, but we all know that bitcoin lives for almost 8 years, correct me if I am wrong, and the other altcoins are just living for just a month yet we trusted it. We must also apply it to bitcoin, we have to trust it and continuously use it to prove that people really loves bitcoin that is why there is nothing, no one should ever replace this wonderful cryptocurrency.
there will not be wrong in predicting. Well, I also predict that the next 20 years, bitcoin will be something at least in looking at the world, just as money today. Well, now people just need to be conscious of how important and easy it is to search for bitcoin. when people are aware, bitcoin might be developed into something better, and it will be visible when the 20 years to come.

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December 18, 2016, 04:27:06 PM
 #172

Really we are in advanced world so nobody don't know what is going to happen in next minute, each and every day technology is keep increasing even some people don't know what is bitcoin, but as per now bitcoin has more for us because of it's high value according to present economics it is really helping lot of people, we don't know what will be in next 20 years because it should be accepted by next generation.

But my guess may people are keep liking this new technology so there will be good attractive rate will be their in the near future like i am guessing is nearly more than 5000$.
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December 18, 2016, 04:40:31 PM
 #173

We are now experiencing the efficient, fast and amazing convergence of technologies which one way or the other greatly contributing to the rise of the cryptocurrencies and making Bitcoin as the King of the Hill so far.

Looking into the future...what do you think will be the scenario involving Bitcoin twenty years from now? Will Bitcoin be worth more than a million or will it ceased to exist? Or will a new crytocurrency replace the supremacy of Bitcoin...?
Bitcoin after 20 years i don't spect too much i don't either know if im still alive this year im too old to use bitcoin i started using bitcoin when the price is $1000 plus bitcoin has a good technologies right now where gadgets are being customize and transforming into technology bitcoin has too much contribution on our economies where bitcoin can be use for many thing nowadays if we are looking forward in that year bitcoin will be a geat and full of future in the new generation.

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bittrojan
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December 19, 2016, 04:21:33 PM
 #174

We are now experiencing the efficient, fast and amazing convergence of technologies which one way or the other greatly contributing to the rise of the cryptocurrencies and making Bitcoin as the King of the Hill so far.

Looking into the future...what do you think will be the scenario involving Bitcoin twenty years from now? Will Bitcoin be worth more than a million or will it ceased to exist? Or will a new crytocurrency replace the supremacy of Bitcoin...?

Bitcoin is never going to die and cease to exist. Its put in to much ground work and will always be king of the hill as you put it. What's its price going to be is hard to answer though. In 20 years it could be in a pump stage so the price could be skyhigh, or it could be ending a 5 year down trend in which case it would be low. Id like to think that in 20 years it wil be worth more then 20K usd at the very minimum.
we can not deny the truth that Bitcoin will last forever. Since Bitcoin provides many opportunities, people on this planet will soon accept it as a part of this world. In 20 years later, Bitcoin still has many struggles in finding ways to be accepted. Some developed countries, such USA, UK, Italy, etc, will consider Bitcoin as a secondary currency. However, in some third world country, Government will propose many laws to avoid the spreading of Bitcoin as well as prevent its people from using it. Its price, however, will continue rising no matter what happen. 

Laws wont stop bitcoin though. You can inact as many new laws as you wish but as long as they dont close the internet people will still be able to trade and exchange btc. So even if the third world countries did make new laws it would still thrive and flourish because 1- you cant stop it and 2- it will be accepted all over the 1st world countries whihc will give it a value, and that value will be recognized everywhere and anywhere.


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pealr12
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December 19, 2016, 04:42:58 PM
 #175

I think in the next 20 years bitcoin will still at the top and we will see another alt coin as the bitcoin side kick, judging from the enthusiastic market and big company and the government that are interested in bitcoin, i predict bitcoin will grow bigger and bigger
i think it is still very early to expect anything form bitcoin, but to me if we study the present progress of bitcoin as people are entering in bitcoin and accepting it, we can conclude that after 20 year bitcoin will become one of the most popular crypto currency of the world. and majority of the people of the world will be using it.
After 20 years bitcoin invaded the world. Bitcoin will be the main currency and has already a fixed price,we do now have a gadget were we can recieve ,send and pay anthing we buy using bitcoin,,even no intrrnet connection. This gadget can be put on your pocket,
OliynyK
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December 20, 2016, 05:43:57 AM
 #176

Bitcoin will be strong as every even after twenty years time.If bitcoin fades out then all the crypto currency and the businesses that started would fall out and that would be a billion dollar loss and i do think bitcoin will survive the time.
Dmitry.Vastov
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December 20, 2016, 07:07:23 AM
 #177

If bitcoin can still exist after 20 years. I think the price will be better and better in every years passing by. It will surpass the price of gold, silver and other pecious metals on earth. Bitcoin is history because it is the innovation of currency. We can tranfer funds with ease now because of bitcoin. No id is required and cheap trnsfer rate.
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December 20, 2016, 07:13:34 AM
 #178

I'm afraid to make any prediction about the future of bitcoin where it will be after 20 years. As I feel bitcoin would be one of the strongest digital currency ever at that point. 1 bitcoin will be equal to $100k maybe more than that.
dihari
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December 20, 2016, 07:29:03 AM
 #179

We are now experiencing the efficient, fast and amazing convergence of technologies which one way or the other greatly contributing to the rise of the cryptocurrencies and making Bitcoin as the King of the Hill so far.

Looking into the future...what do you think will be the scenario involving Bitcoin twenty years from now? Will Bitcoin be worth more than a million or will it ceased to exist? Or will a new crytocurrency replace the supremacy of Bitcoin...?

Well, all of your opinion is can be true.
One suggestion from an expert, if you one bitcoin still exist, keep spend it and use it for all type of the internet payments or offline transaction.

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December 20, 2016, 08:17:20 PM
 #180

One thing i would like to happen just to be accepted by every store every where in the world not just in some places
For price that is something else won't speculate just hope for some good pice for that time

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