BitCoin 20 Years From Now

[Dr.Osh]

20 years ago, did you think Bitcoin would be here today?

Have you thought about what Bitcoin will be 20 years from now? Bitcoin have.

There are alot of possibilites and things may happen in 20 years.Bitcoin maybe dead by that time,maybe bitcoin will still be alive but not at high price anymore.Anything may happen

Yes, anything may happen, so let us set our minds that, good may happen to bitcoin and last for so long and be good currency in no time, possitive thinking may lead to possiblity to happen

you're right, but it is positive thinking will take us to the streets larger. if we believe in the potential bitcoin, maybe 20 years down the road, we have a lot of bitcoin, and at that point, bitcoin has a price so high because so many devotees. we do not know exactly what will happen, but I think that bitcoin will actually prevail in the next 20 years.

[SoeNan89]

Bitcoin has been established as a commodity in its first phase.Now,in its final phase,it has to be established as a currency.It has been estimated that bitcoin could become the sixth largest reserve currency by 2030.Within 20 years,bitcoin would be accepted as a payment method in many countries since japan is to announce it as payment method by april 2017.

As tempting as it is to consider Bitcoin as mature and in its "final phase", it would be very presumptuous of a technology that isn't even a decade old, and the majority of users (myself included) aren't even halfway understanding how it works. 6th largest reserve currency is a tout that probably holds true only because of all of us holders.

I dont agree that bitcoin is now in its final phase. It cannot even solved its internal problems such as blocksize, high miner fees, possibility of split due to hardfork and conflict between miners. Bitcoin is very young and must face and survive all the challenges it has now otherwise it cannot reach the final phase and die on the process.

bitcoin is far from final and its still develop for great technology, i think the dev and the team is trying to solve many problems inside bitcoin and they are make sure that bitcoin will be the lead in future. so i think in 20 years from now, maybe bitcoin is still more develop with more expert people that will ready to help bitcoin to be mass adoption for every people.

Yes, I agree that now the team and dev is trying to solve many problems inside bitcoin.
But what is the ultimate purpose of creation the Bitcoin is to overwhelm the world economy?

[KingdomHearts]

What happens in bitcoin 20 years from now I think bitcoin is further known throughout the world and it will rise and many people use it and invest to it. And bitcoin value become more and more valuable.

Well that is to be expected to something that is used within that time range.  Aside from that I think Bitcoin will scale, can be used to micro transaction.  Developers are genius they can make Bitcoin function that way.  And will beat paypal and other 3rd party processor all over the world.

It would be very good if bitcoin becomes popular all over the world. But I do not think that this will happen. He has already taken his place. And so much to become popular he will not be any more

i agree with you that bitcoin is already a popular currency around the world and i am sure people will be use bitcoin as their regular currency in the future.

[PokerFace3]

bitcoin is far from final and its still develop for great technology, i think the dev and the team is trying to solve many problems inside bitcoin and they are make sure that bitcoin will be the lead in future. so i think in 20 years from now, maybe bitcoin is still more develop with more expert people that will ready to help bitcoin to be mass adoption for every people.

Yes, I agree that now the team and dev is trying to solve many problems inside bitcoin.
But what is the ultimate purpose of creation the Bitcoin is to overwhelm the world economy?

The purpose of the bitcoin was to create an alternative way of payment a currency that will replace fiat on the internet, but that idea changed a long time when people started treating it like a collectible so they rush to saving it and hoping that the price will go up, and this make bitcoin becomes more and more valuable so 20 years from now the price is going to be very high.

Through higher prices bitcoin will attract users from around the globe and then it will get established as a most versatile alternative payment way. We can expect many thing in next 20 years. But getting established must be one of the prime thing we can expect.

[Rostadom]

Bitcoin has been established as a commodity in its first phase.Now,in its final phase,it has to be established as a currency.It has been estimated that bitcoin could become the sixth largest reserve currency by 2030.Within 20 years,bitcoin would be accepted as a payment method in many countries since japan is to announce it as payment method by april 2017.

As tempting as it is to consider Bitcoin as mature and in its "final phase", it would be very presumptuous of a technology that isn't even a decade old, and the majority of users (myself included) aren't even halfway understanding how it works. 6th largest reserve currency is a tout that probably holds true only because of all of us holders.

I dont agree that bitcoin is now in its final phase. It cannot even solved its internal problems such as blocksize, high miner fees, possibility of split due to hardfork and conflict between miners. Bitcoin is very young and must face and survive all the challenges it has now otherwise it cannot reach the final phase and die on the process.

bitcoin is far from final and its still develop for great technology, i think the dev and the team is trying to solve many problems inside bitcoin and they are make sure that bitcoin will be the lead in future. so i think in 20 years from now, maybe bitcoin is still more develop with more expert people that will ready to help bitcoin to be mass adoption for every people.

Yes, I agree that now the team and dev is trying to solve many problems inside bitcoin.
But what is the ultimate purpose of creation the Bitcoin is to overwhelm the world economy?

The purpose of the bitcoin was to create an alternative way of payment a currency that will replace fiat on the internet, but that idea changed a long time when people started treating it like a collectible so they rush to saving it and hoping that the price will go up, and this make bitcoin becomes more and more valuable so 20 years from now the price is going to be very high.

People will trade anything that has good volatility. Since the market is moving, then might as well trade it, right? In a way, your coins (bitcoins) are the same thing as a company's stake/share. Consider that the whole bitcoin network is just a company. Then we are all just holding the stake/share that we have and we're just waiting for the new investors to come in so the stake/share will have a higher value.

That's one way of looking at it because if bitcoins were used as currency alone, I think there will be a lot less users. There's Paypal out there and that's the "go-to" payment method of everyone that isn't tech savvy. And since the transaction fee seems to be a big deal, someone will make his own system that it as legit as Paypal but will require a lot less transaction fee.

[CloudStrife]

I predict value will be 1 BTC -> $20000

You bet, bitcoins price is always fluctuating, sometimes it is having a huge price drop like last week because of this Hard Fork, though I know that Bitcoin will not be defeated just by this new coin that has been produced by BU, which is BU coin (correct me if I'm wrong) and right now, bitcoin's price is starting to rise up to the moon again.

So, I know, bitcoin 20 years from now, it would be more valuable and solid more that it is right now, and we are all going to be millionaires if we saved enough bitcoins when that time comes.

It's hard to know if this is going to make us millionaires, but it's easy to see that Bitcoin is one of the best investments in the internet business. In fact there is a lot of politics at the moment hampering the progress of Bitcoin, but as a technology, I think this will continue to evolve and gain more adoption.

[BeGoods]

20 years ago, did you think Bitcoin would be here today?

Have you thought about what Bitcoin will be 20 years from now? Bitcoin have.

There are alot of possibilites and things may happen in 20 years.Bitcoin maybe dead by that time,maybe bitcoin will still be alive but not at high price anymore.Anything may happen

Yes, anything may happen, so let us set our minds that, good may happen to bitcoin and last for so long and be good currency in no time, possitive thinking may lead to possiblity to happen

if all users have the same thoughts you. then bitcoin will survive until whenever because the key to the future bitcoin. is on its users

[iamTom123]

I predict value will be 1 BTC -> $20000

You bet, bitcoins price is always fluctuating, sometimes it is having a huge price drop like last week because of this Hard Fork, though I know that Bitcoin will not be defeated just by this new coin that has been produced by BU, which is BU coin (correct me if I'm wrong) and right now, bitcoin's price is starting to rise up to the moon again.

So, I know, bitcoin 20 years from now, it would be more valuable and solid more that it is right now, and we are all going to be millionaires if we saved enough bitcoins when that time comes.

Getting to be millionaires because of Bitcoin can be one of the best idea and scenario there is lol. The Bitcoin community should be growing at leaps and bounds so Bitcoin can be part of the mainstream and governments will have no choice but to recognize Bitcoin and they should not necessarily interfere with the Bitcoin business. However, just like anything it can be so hard to predict the future all because we are humans there are many things way beyond our control.

[pseexh]

After 20 years,bitcoin would be accepted by most of business shops worlwide as a payment method.At that time,bitcoin price would be very high and people may even find it difficult to buy 0.01 btc due to high price.US Dollar would have lost its position as global reserve currency by that time.Many more smaller countries would have accepted bitcoin as their national currency by that time.

I doubt that small countries will take bitcoin as a national currency. This is very unlikely. The government will not allow bitcoin so high. The economies of countries will always be built on the Fiat

[taxmanmt5]

After 20 years,bitcoin would be accepted by most of business shops worlwide as a payment method.At that time,bitcoin price would be very high and people may even find it difficult to buy 0.01 btc due to high price.US Dollar would have lost its position as global reserve currency by that time.Many more smaller countries would have accepted bitcoin as their national currency by that time.

I doubt that small countries will take bitcoin as a national currency. This is very unlikely. The government will not allow bitcoin so high. The economies of countries will always be built on the Fiat

The facts stated above are true with the current situation. They will not be true after 20 years. Two decades is a lot of time and we shall see government soft Conner towards the bitcoin due to increase in demand of public over bitcoins.

[DarkIT]

would be great if you were able to collect large amounts of bitcoin, and bitcoin hold that you have in the next 20 years. I think it will bring great benefit to you. Well, many predict, the price of bitcoin 20 next year will be very high, and I think that's true.

[danherbias07]

I predict value will be 1 BTC -> $20000

You bet, bitcoins price is always fluctuating, sometimes it is having a huge price drop like last week because of this Hard Fork, though I know that Bitcoin will not be defeated just by this new coin that has been produced by BU, which is BU coin (correct me if I'm wrong) and right now, bitcoin's price is starting to rise up to the moon again.

So, I know, bitcoin 20 years from now, it would be more valuable and solid more that it is right now, and we are all going to be millionaires if we saved enough bitcoins when that time comes.

Well, I have been thinking. Isn't that too much and will be questionable?
I agree to the price now, because it is almost the price of gold and the fluctuations are really hardcore like $300 dollars movement in a week.
But with that 5 digits it can be a great disaster or will be a good thing for holders specially the miners who have been working hard to make transactions complete.
This number is too great that governments will likely look and try to make stabilization for people not to panic why something like an online currency would be that greatly expensive.

[Superways]

Right now Bitcoin is facing an issue it's not really that big but almost every year a new issue comes out that has the potential to be a big threat in it's existence,but so far bitcoin with it's community support still going strong so my conclusion bitcoin will still exist after twenty years.stronger by that time.

What honestly the issue do you mean? As i can seen the movement of the price right now is normal this is just like the same as other year before.. and honestly the price right now is still really high unlike before below $700 value.

Just like you. I also have a confusion against he who say that bitcoin has a problem. But as we know together price bitcoin (stable price) has a higher price compared with previous stable prices. So if indeed this problem there is on price, then this is not the bitcoin problem but an advantage. There is indeed a problem in the bitcoin, but not the price but rather on the degree of confirmation that sometimes have to be long to wait
 

That is the problem only for those people who want to start their business with bitcoin as they are paying some money in bitcoin and if the price changes their calculation also changes while for all others that is not a problem but an advantage especially for traders.

[boris singer]

would be great if you were able to collect large amounts of bitcoin, and bitcoin hold that you have in the next 20 years. I think it will bring great benefit to you. Well, many predict, the price of bitcoin 20 next year will be very high, and I think that's true.

bitcoin is limited and will be exhausted for mining blocksize, and you obviously know the rare items will always be bone of contention and cause prices to rise significantly. But my focus here for next 20 years for bitcoin is the regulatory and legal issues, it continues to be fought by us and developers to be more widely accepted in society.

[Prohodimec]

would be great if you were able to collect large amounts of bitcoin, and bitcoin hold that you have in the next 20 years. I think it will bring great benefit to you. Well, many predict, the price of bitcoin 20 next year will be very high, and I think that's true.

bitcoin is limited and will be exhausted for mining blocksize, and you obviously know the rare items will always be bone of contention and cause prices to rise significantly. But my focus here for next 20 years for bitcoin is the regulatory and legal issues, it continues to be fought by us and developers to be more widely accepted in society.

Yes. Bitcoin community must fight for the rights of bitcoin. He is very promising and he has the potential. We can not just let bitcoin cease to exist

[pinkpanther03]

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...?

I think bitcoin by that time is the main currency of the entire world. Maybe all businesses around the world also are accepted bitcoin as payment in the business industry. And perhaps the value of bitcoin would be much much higher.

[Oppolee]

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...?

I think bitcoin by that time is the main currency of the entire world. Maybe all businesses around the world also are accepted bitcoin as payment in the business industry. And perhaps the value of bitcoin would be much much higher.

I agree with you that if bitcoin becomes popular in the future, then it will become very expensive. That's why it makes sense to buy bitcoin today and store it for a long time

[Osarman]

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...?

I think bitcoin by that time is the main currency of the entire world. Maybe all businesses around the world also are accepted bitcoin as payment in the business industry. And perhaps the value of bitcoin would be much much higher.

I agree with you that if bitcoin becomes popular in the future, then it will become very expensive. That's why it makes sense to buy bitcoin today and store it for a long time

i think bitcoin is already popular currency because there is a lot of people are bitcoin users and belong to different country so we can say that bitcoin is already popular around the world and i hope we can be use bitcoin as our regular currency in the future.

[phr0stbyt3]

would be great if you were able to collect large amounts of bitcoin, and bitcoin hold that you have in the next 20 years. I think it will bring great benefit to you. Well, many predict, the price of bitcoin 20 next year will be very high, and I think that's true.

Of course bro that is obvious and most of the current holders of bitcoin are totally aware that the price is going to boom and it will be something unbelievable. I just hope if the price reaches really high people hold their bitcoins and not start selling it, this is the only fear i have that this shouldn't happen.

[iv4n]

20 years from now bitcoin will rule the world probably, because this progress until now and plus 20 more years will be enough for bitcoin to make some miracles in global economy. Some people hear about bitcoins only now, and many more heard but they didn`t involve with bitcoins. I think this times are hard for many people, difference between rich and poor people is bigger then ever, and many people will see salvation in bitcoin or some other altcoin. Thats why this digital revolution will be on highest peak in 20 years from now, bitcoin started something big.