Years of Bitcoin, short version

[virtualdn]

Haha, you can add 2025 as the year when BTC will hit $100,000 - yes I believe it is possible, and do not forget it's been mentioned here first

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[Joohansson]

Haha, you can add 2025 as the year when BTC will hit $100,000 - yes I believe it is possible, and do not forget it's been mentioned here first

But it was not mentioned here first  It has been mentioned many times, here is one source:
https://bitcointalk.org/index.php?topic=1942020.0

[Gotottack]

Haha, you can add 2025 as the year when BTC will hit $100,000 - yes I believe it is possible, and do not forget it's been mentioned here first

But it was not mentioned here first  It has been mentioned many times, here is one source:
https://bitcointalk.org/index.php?topic=1942020.0

I agree, it has been mentioned plenty of times before, probably even back before the hacking of Mt. Gox even occurred. Then again, at this point, bitcoins in 2017 has set record highs and breaks its highs almost every time.

Though I would like to know where did you guys get your data on the future years. I thought this thread was about history.

[Joohansson]

Though I would like to know where did you guys get your data on the future years. I thought this thread was about history.

Title says: "Years of Bitcoin" 

[Gens09]

Don`t try to predict the future in 2018 and 2019,we don`t know how the governments and central banks will react to a mass bitcoin adoption.Perhaps,like Kakmakr wrote, some big countries would create their own cryptocurrencies instead of adopting bitcoin.When it comes to bitcoin and crypto growth ,i would say
"So far,so good."
Let`s hope for more fresh investors coming...

Yeah i guess the government can be a pure haters in the going year and in the future but i guess thinking a technologies like bitcoin or creating a more great currency like bitcoin can be the thing that will make the bit oin go down and low its price in the market.

[iluvpie60]

Isn't this everyones fear though?your point about banks getting into it so that they can have interest or derivaties off of bitcoin.... I don't want that to happen.

When that shit happens that means banks can take 1 BTC and lend out loans or derivatives of 10 BTC worth. On their books it says it is worth 10 BTC and they might have people repay the loan in BTC or whatever. That isn't good. It will devalue Bitcoin because the multiplying effect of banks loaning out more than they have will dillute the "supply of bitcoins available" I say that in quotes because we know the real number is 21millioin total created. But the banks will create more than that because they only have to keep 10% on hand and can loan out bullshit loans for 10x more. That is what they do.

F off banks.

[Joohansson]

Isn't this everyones fear though?your point about banks getting into it so that they can have interest or derivaties off of bitcoin.... I don't want that to happen.

When that shit happens that means banks can take 1 BTC and lend out loans or derivatives of 10 BTC worth. On their books it says it is worth 10 BTC and they might have people repay the loan in BTC or whatever. That isn't good. It will devalue Bitcoin because the multiplying effect of banks loaning out more than they have will dillute the "supply of bitcoins available" I say that in quotes because we know the real number is 21millioin total created. But the banks will create more than that because they only have to keep 10% on hand and can loan out bullshit loans for 10x more. That is what they do.

F off banks.

Very well written! I think it's horrible too but it don't stop me from thinking it will happen (in some countries). Banks have same control over people as the church had 200 years ago. They will not let that go away easily.

[HaXX0R1337]

I really liked the time lines and the possibilities,i am not sure about how Bitcoin and banking (FIAT) systems cooperation will work together,it is not a viable option but i do expect that there will be more regulation from most of the countries around the world and we could see the price rallying when it comes to the next halving.

[hardtime]

See for something like this to happen the governments are going to have to lose the battle of their currency against ours, I really don't think that's going to happen as the governments have an extensive amount of control over their own world. They could regulate us and tax us into oblivion in order to kill our moral and to stop us from progressing in pretty much every way, they could pretty much kill us if they want to. It's sad, but it's wildly true on what they can do.

Governments are not going to lose this battle, they have a lot more power then we think they do. They can ruin all of our lives, tax us, take away our assets, and so on and so forth.

Haha, you can add 2025 as the year when BTC will hit $100,000 - yes I believe it is possible, and do not forget it's been mentioned here first

Yeah, no this isn't going to happen. You know others have to be able to buy this currency at this point / price.

[Joohansson]

Don't forget banks exist for one simple reason; making money. If they can legally profit from cryptocurrencies somehow they will probably do it. I don't think they "hate" Bitcoin as much as you think. Many big banks have already acknowedged "blockchain" as the solution for the future, but perhaps they only aim for private blockchains as some have pointed out here (at least right now).

[olubams]

Trying to get a grasp of history and making some predictions. Improvements are welcome! I always thought that price might stabilize over time but I'm not so sure any more.. Though I don't see any reasons yet for Bitcoin to stagnate.

2008: Concept phase
2009: Launch
2010: Experimenting
2011: Started to grow
2012: Acknowledged by the world, promotion
2013: Acceptance by small companies, turbulence, politics, super hype, venture investment boom
2014: Crash, hacking of exchanges, acceptance by large companies, venture investment boom v.2.0
2015: Price recovery, merchant acceptance boom, acceptance by some governments
2016: World wide acceptance, network expanding and huge rise in mining power, ATM boom, scaling war & Bitcoin politics
2017: Cryptocurrencies boom full spectrum, Japan accepting Bitcoin as legal way of money, other important acceptance, (scaling compromise and solution, potential forking turbulence)
2018: Serious cryptocurrencies development and altcoins finding their purpose, large network scaling, big fresh investors, price boom v.2.0
2019: Serious push for mainstream adoption in some countries, mixture of cryptocurrencies and interoperability
2020: Some Bitcoin and banking (FIAT) systems cooperation (banking long-term survival plan), serious world wide regulation and legalization attempt, Bitcoin banks (for legally lending Bitcoins for interest)

Looking at this historical analysis even sends me a message on how far we have gone and how far there is still need to go. This clearly just give a succinct journey so far and also the various challenges that has been surmounted at any of those periods mentioned above. However, the battle is not over until I see bitcoin becoming the financial breakthrough that the whole world will come to appreciate more than what we have now.

[Wind_FURY]

OP, it's more interesting to see how Bitcoin and the dark markets will develop and grow together. That is where we could see Bitcoin's real potential as a censorship resistant and decentralized form of value transfer. The "Bitcoin for the mainstream" is a lost cause in my opinion.

I fully agree with that point of view.  However, I think reality will be entirely different.
First of all, crypto will NOT be outlawed, on the contrary.  Crypto will be seen as a new speculative financial vehicle, and the finance industry will want to play with it.  For that, it will need to be "regulated".  Nobody will intervene in the technical aspects of crypto, but you will have to report all your crypto holdings and movements.  Those that you don't report, will not be usable on legal platforms (exchanges, stores,.... who will have to do their own reporting, which should match yours and which would betray you if ever you used non-declared coins).  This would make crypto entirely legal and taxable assets, losing entirely their purpose as "freedom currency", and making them available to financial institutions.
These will gamble on it like they like to do, and will blow the crypto bubble to unseen heights.  Note that the extra volatility induced by professional gamblers (financial institutions) will make crypto totally unsuited to be used as "money", but it will be made perfect speculation vehicles.  Financial institutions will in the end burst the bubble, and we will have a new financial crisis 1929/2007 like, caused by the speculative nature of crypto when its bubble blows all over us.
The next generation will be wary of any kind of crypto.
At no point, crypto will be useful "freedom currency" because of a stupid design error of bitcoin: the finite number of coins, that makes it unsuited as a currency, but makes it very highly speculative ; something that has been taken over by most crypto.

But how exactly can it be "regulated"? What is stopping me from sending coins in the dark market to buy drugs or stolen items? Regulation will open a can of worms because it legalizes cryptocurrencies and make them available to the general public. For them to do what? All kinds of nefarious activities.

[L00n3y]

2018 - First official BankCoin are launched
2019 - Governments start to regulate Open/Public Blockchains and favor PRIVATE centralized BankCoins.
2020 - Open/Public Blockchains are banned in most countries.
2021 - Open/Public Blockchains goes underground and flourish on black markets.
2022 - Ban on Open/Public Blockchains are lifted, because governments are losing tax income and votes.
2023 - Bitcoin becomes the global reserve currency.  

This is how I see it playing out in the near future, because governments think they can do what they want and will only realize what they have done, once they start losing votes.

I wonder what will be the first Bank coin that will be released. I'm excited to see it for myself. It will go down to lots of hearing ang trials in the court befire this can happen because as we all know mixing cryptocurrencies ang fiat though traditional banks are tough ( tho they are open in regulating it ). There is a storm coming when the government banned cryptocurrencies and 2023 the Bitcoin will be the global reserve? Oww I think it will be ten years or more but I'm sure BTC price won't just hit the moon, all if the stars too.

[SingAlong]

Don`t try to predict the future in 2018 and 2019,we don`t know how the governments and central banks will react to a mass bitcoin adoption.Perhaps,like Kakmakr wrote, some big countries would create their own cryptocurrencies instead of adopting bitcoin.When it comes to bitcoin and crypto growth ,i would say
"So far,so good."
Let`s hope for more fresh investors coming...

I also see that respective countries would start to make its own cryptocurrencies rather than adopting Bitcoin as a whole. These countries would surely make a good use of blockchain technology in the future. I hope Bitcoin will stay as the major platform and transactions in a global scale and would continue to secure its position as the King of Cryptocurrencies throughout the time.

[sumit513]

Nice future predictions. Make it to 2030.

[Mazt rhiezt]

That's how a person following the bitcoin development from 2013 can be said for 4 years, will be different again with the perspective of someone who followed the development of 2009, many of whom think that bitcoin will be replaced will actually die because of the current Transaction. Long enough even the price is slightly expensive.
The emergence of ethereum and litecoin is certainly very influential in the development of bitcoin at this time.
Maybe in the next few years there will be a number of coins that are the choice of a particular country and not just bitcoin, ethereum and litecoin.

[doomistake]

OP, it's more interesting to see how Bitcoin and the dark markets will develop and grow together. That is where we could see Bitcoin's real potential as a censorship resistant and decentralized form of value transfer. The "Bitcoin for the mainstream" is a lost cause in my opinion.

Bitcoin advantages should not be use on illegal things like this in the near future, because if this is the case then the Government will be against on this, causing bitcoin to suffer more about this scenario that we are assuming to happen. This is the reason why bitcoin is banned on some countries because of the illegal use of it. Bitcoin should be use on the things that could help use to rebuild this world that we are living, to a start a new one, a better one.

In the information Age that we are into right now, bitcoin is one of the key to make a brighter future ahead of us, so we should use bitcoin is a way that we know that it will help our society and will not cause any casualties to us.

[Rahar02]

2018 - First official BankCoin are launched
2019 - Governments start to regulate Open/Public Blockchains and favor PRIVATE centralized BankCoins.
2020 - Open/Public Blockchains are banned in most countries.
2021 - Open/Public Blockchains goes underground and flourish on black markets.
2022 - Ban on Open/Public Blockchains are lifted, because governments are losing tax income and votes.
2023 - Bitcoin becomes the global reserve currency.  

This is how I see it playing out in the near future, because governments think they can do what they want and will only realize what they have done, once they start losing votes.

I prefer to Op statement but who knows what will happen in the future. Although, govs can do what they want but not whatever they want, especially regarding citizens interest. Bitcoin has provided many projects and chances to support economics development for many people. Govs cannot ban bitcoin without legit evidence/reasons to do it, but it will make sense if they regulate bitcoin and exchanges instead of just ban bitcoin.

[jorneyflair]

Trying to get a grasp of history and making some predictions. Improvements are welcome! I always thought that price might stabilize over time but I'm not so sure any more.. Though I don't see any reasons yet for Bitcoin to stagnate.

2008: Concept phase
2009: Launch
2010: Experimenting
2011: Started to grow
2012: Acknowledged by the world, promotion
2013: Acceptance by small companies, turbulence, politics, super hype, venture investment boom
2014: Crash, hacking of exchanges, acceptance by large companies, venture investment boom v.2.0
2015: Price recovery, merchant acceptance boom, acceptance by some governments
2016: World wide acceptance, network expanding and huge rise in mining power, ATM boom, scaling war & Bitcoin politics
2017: Cryptocurrencies boom full spectrum, Japan accepting Bitcoin as legal way of money, other important acceptance, (scaling compromise and solution, potential forking turbulence)
2018: Serious cryptocurrencies development and altcoins finding their purpose, large network scaling, big fresh investors, price boom v.2.0
2019: Serious push for mainstream adoption in some countries, mixture of cryptocurrencies and interoperability
2020: Some Bitcoin and banking (FIAT) systems cooperation (banking long-term survival plan), serious world wide regulation and legalization attempt, Bitcoin banks (for legally lending Bitcoins for interest)

Honestly this should be made into an infographic because it's all excellent info.

THis seems like a plausible "roadmap" type of thing as well for future bitcoin development.

Although, I wouldn't agree with 2018 at least part of it. What I foresee happening is the near future is that:
- Bitcoin dominance climbs back up to at least 70%, people rushing in to adopt btc, merchants really starting to accept btc
- Altcoins slowly deminishing, as its pratical functions decrease due to scalability issues. We have seen the eth network being super congested just by a few ICOs.
- ICOs become regulated by the government, therefore the investors go invest in something else to avoid regulation/taxes(likely bitcoin)
- Only really established altcoins that have good privacy will be supported(eg monero)

[David Horton]

Trying to get a grasp of history and making some predictions. Improvements are welcome! I always thought that price might stabilize over time but I'm not so sure any more.. Though I don't see any reasons yet for Bitcoin to stagnate.

2018: Serious cryptocurrencies development and altcoins finding their purpose, large network scaling, big fresh investors, price boom v.2.0
2019: Serious push for mainstream adoption in some countries, mixture of cryptocurrencies and interoperability
2020: Some Bitcoin and banking (FIAT) systems cooperation (banking long-term survival plan), serious world wide regulation and legalization attempt, Bitcoin banks (for legally lending Bitcoins for interest)

I don't see that happening, you shouldn't give predictions about the future to avoid disappointments