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Author Topic: will next decade be the bitcoin era ??  (Read 3347 times)
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November 19, 2017, 12:55:47 PM
 #1

As by seeing the usage graph and profiting graph i can easily assume that in next decade of 2020 people will mainly relay on bitcoin and the main thing to survive in the next era will be bitcoin and it will be frequently used by everyone and that will help many regions to boost their economy as well so hope for the best, many people are eagerly waiting for the btc system to be implemented.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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November 19, 2017, 01:19:58 PM
 #2

as we know that the bitcoin is going very fast so when we look at the destination of bitcoin we can say that the next decade will be the bitcoin era. the profit and popularity of this currency is growing very fast with the passage of time the technology is advancing day by day and the bitcoin is accepting day by day sometime we think that all other digital currencies are in the market and this will down the image of bitcoin among the other coins but i the currency of modern era.

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November 19, 2017, 01:27:35 PM
 #3

Well looking at the number of  all time transactions you are right as it has tremendously increased this 2017 but it does not say if that number of transactions came from new users or it is just the old users increasing their usage of Bitcoin. It looks like the number of transactions will still increase year on year as it is still not over for Bitcoin to gain some new users for it. But let us not get our hopes up that we need Bitcoin in order to survive in the future as there are other means of earning additional income, let us not  narrow our options into just cryptocurrency in general.

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November 19, 2017, 01:40:07 PM
 #4

As by seeing the usage graph and profiting graph i can easily assume that in next decade of 2020 people will mainly relay on bitcoin and the main thing to survive in the next era will be bitcoin and it will be frequently used by everyone and that will help many regions to boost their economy as well so hope for the best, many people are eagerly waiting for the btc system to be implemented.

I do agree in next 5-20 years, bitcoins will become more popular. I read some statement, "Bitcoin Will Hit $1 Million in 5-10 Years" which means bitcoins will over valued. They believe in new decade many demands in market about bitcoins. But for how this will help many regions to boost their economy as well, I still doubt it.
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November 19, 2017, 01:58:22 PM
 #5

Yes, there is a strong possibility of huge demand of Blockchain based products as it is considered to be tamper-proof technology and thus I do see a huge potential for the Bitcoin as a first and successful product of the Blockchain.

I am considering the current user-base, world's perception (which keeps changing every second) and huge potential while believing and expecting a good performance of Bitcoin in our day to day life. The utility value of Bitcoin would be much more as compared to that of now and hence it will gain further value over the time.
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November 19, 2017, 02:02:09 PM
 #6

I hear a rumor that Costco Wholesale and Walmart will be trialing bitcoin as a form of payments in early 2019, that is really a good sign, I bet in the near end of 2019, almost everyone will accept bitcoin. This is a really bright future for bitcoin because if more people already understand the technology behind bitcoin and bitcoin becomes a well-understood financial asset, the price will stabilize. So it will cause many companies to adopt bitcoin.
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November 19, 2017, 02:06:02 PM
 #7

Bitcoin is looking good as of now. It has a potential that it will increase when the year ends. But still, we are not lord to predict what will happen when the year past by. It such that we must maintain its status and not to be such a moron to lose the popularity of it.
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November 19, 2017, 02:07:31 PM
 #8

it could happen. bitcoin has survived nearly a decade, and is now growing rapidly with fantastic value and promising for future investments. I think, bitcoin will grow rapidly and many people will use it.
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November 19, 2017, 02:15:00 PM
 #9

As by seeing the usage graph and profiting graph i can easily assume that in next decade of 2020 people will mainly relay on bitcoin and the main thing to survive in the next era will be bitcoin and it will be frequently used by everyone and that will help many regions to boost their economy as well so hope for the best, many people are eagerly waiting for the btc system to be implemented.


I wouldn`t say that it will be the "bitcoin" era for sure.It might be the "crypto era" or "blockchain era".
Bitcoin might hit 100000 USD,or might be destroyed by the governments.Cryptocurrencies might become the
new "offshore world" and replace all the small island countires with very low taxation.If this happens,the politics around the world will keep their dirty money by buying cryptocurrencies and they will be afraid to ban
bitcoin and the altcoins.

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November 19, 2017, 02:18:47 PM
 #10

It might be Smiley) Nowaday, Bitcoin is becoming more popular day by day, a lot of people all around the world know about Bitcoin and use it. Although Bitcoin is not legalized worldwide so people can use it easily like cash but they still use it for everything they want. The number of online and offline place accept Bitcoin for payment are increasing as well. Bitcoin is being considered like a new payment method for all over the world, very fast, convinient and safe. I don't really know how exactly long it will happen but it'll replace cash soon.
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November 19, 2017, 02:31:15 PM
 #11

Even today we can say that this is the time of BTC,and that this year is one of the best and most interesting since BTC exists.The future is always uncertain but we all hope it will be great and that this year is only the beginning of new achievements.

There is no doubt that users base is increases on daily basis,there are more and more merchants who accept BTC all over the world and many governments make positive decisions and laws enabling easier adaptation of BTC in everyday life.

There are some problems that need to be solved by developers,transaction should be faster and cheaper and situation like few days ago should become a thing of the past.That is a big challenge today,when this is solved, BTC will become stronger and more interesting for new investors.

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November 19, 2017, 02:35:16 PM
 #12

Surely it will, seeing how the growth of bitcoin goes in the first 9 years it is really amazing. I know like what gold reach in the market bitcoin will continue to become the number 1 crypto currency and more countries will start accepting it in their market soon this currency will become the worlds main coin that can be use in all transactions around the world. People will also keep looking for it and investing on it.
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November 19, 2017, 02:36:08 PM
 #13

As by seeing the usage graph and profiting graph i can easily assume that in next decade of 2020 people will mainly relay on bitcoin and the main thing to survive in the next era will be bitcoin and it will be frequently used by everyone and that will help many regions to boost their economy as well so hope for the best, many people are eagerly waiting for the btc system to be implemented.


 Bitcoin users will definitely grow in numbers in the next decade and i can say that there will be more transactions in using bitcoin even in hard to reach countries. But I doubt if it will boost some of the countries economy since in some places, they are very conservative and traditional when it comes to their finances.
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November 19, 2017, 02:42:55 PM
 #14

There is a good chance that coins with better specs and better foundation may take over from Bitcoin in popularity. I think BTC may always remain a solid investment, but growth wise, there are other coins to look out for that may be a better investment as the general public catches up on these.
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November 19, 2017, 03:20:29 PM
 #15

I believe we're already are in the Bitcoin era, just look at the news, big CEOs, the govt, social media, they're all talking about Bitcoin and cryptocurrencies, and the numbers of btc users keeps increasing every day with no signs of stopping. But I think the next decade will be the 'blockchain technology era'. It's a matter of time until the big central banks around the world start creaing their own cryptocurrency, and with the help of the govt, reach a consensus to start using those cryptos (along with btc) as a method of payment worldwide.

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November 19, 2017, 03:38:08 PM
 #16

As by seeing the usage graph and profiting graph i can easily assume that in next decade of 2020 people will mainly relay on bitcoin and the main thing to survive in the next era will be bitcoin and it will be frequently used by everyone and that will help many regions to boost their economy as well so hope for the best, many people are eagerly waiting for the btc system to be implemented.

Not sure about that, but yes for the tokenization era. more companies are realizing the fact that the tokenization will become safe way to distribute the shares into the investors. and make it the more simple.
all of that will have used automation through the blockchain itself.

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November 19, 2017, 03:48:08 PM
 #17

As by seeing the usage graph and profiting graph i can easily assume that in next decade of 2020 people will mainly relay on bitcoin and the main thing to survive in the next era will be bitcoin and it will be frequently used by everyone and that will help many regions to boost their economy as well so hope for the best, many people are eagerly waiting for the btc system to be implemented.

Not sure where you would be looking to identify "profiting graph" but there is definitely an increase in usage, which we can attribute partially to adoption. My conservatism comes from a number of considerations:

1. How much volume is attributed to non-trading use. Gambling has already fallen from half of Bitcoin usage, even illegal activity use has come down to less than 10 percent so that is great but if we take out exchange trading activity, I wonder what the volume would look like.

2. Sponsored spamming. Today, there are 22k txs in the network, which is a more normal level. The spikes that pushed it above 1k several times this year and last were artificially produced.

So yes, today maybe smack in the middle of mass adoption but 2020 and beyond should be the golden age. I could agree with that.

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November 19, 2017, 04:19:00 PM
 #18

I believe we're already are in the Bitcoin era, just look at the news, big CEOs, the govt, social media, they're all talking about Bitcoin and cryptocurrencies, and the numbers of btc users keeps increasing every day with no signs of stopping. But I think the next decade will be the 'blockchain technology era'. It's a matter of time until the big central banks around the world start creaing their own cryptocurrency, and with the help of the govt, reach a consensus to start using those cryptos (along with btc) as a method of payment worldwide.
Even though almost a decade had past ever since the introduction of bitcoin, cryptocurrencies are still in its infancy. There are still a lot of room for improvement and development. And this still doesn't hinder in spreading the popularity and adoption of it. Today's era can also be considered as the golden age of bitcoin and other cryptocurrencies. 2020 would be the time where cryptos are considered and accepted around the world. Where almost all people have adopted to its technology. And this is the real golden age of bitcoin.
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November 19, 2017, 04:27:08 PM
 #19

That will surely happen if the network resolve the major problem of bitcoin which most the miners and the users are urging for, the convenience for micro transactions because if the bitcoin will be the major era then that thing must be resolved, improvement in speed and cheaper fees must fix because when 2020 arrived then surely the volume of users that transact everyday will expand thus creating a large number of unconfirmed transactions that requires higher fees In short the network will congested you can add the spammers that contain low fees for the purpose to attack the network, I hope lightning network will able to finish the development.

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November 19, 2017, 06:12:37 PM
 #20

Definitely,the upcoming period would be the golden era for bitcoin.Bigger financial firms like CME are entering bitcoin market.Mass adoption of bitcoin is taking place every where.More countries are getting ready to legalize bitcoin.In future,more people would be using bitcoins and it would increase the demand for bitcoins.No more severe threats are found for bitcoin in the upcoming years.Amazon is also expected to soon accept bitcoin payments.If it does,it would increase the popularity of bitcoin more.

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