Bitcoin Forum
May 03, 2024, 12:50:18 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Great Potential of Bitcoin -In a simple graphic  (Read 158 times)
BlackRock (OP)
Sr. Member
****
Offline Offline

Activity: 294
Merit: 252


View Profile
December 19, 2017, 03:14:59 PM
 #1

The great potential ahead for bitcoin and crypto currencies.
Never underestimate adoption of powerful movements in the internet age.
Simple Info graphic below, says it all !


1714697418
Hero Member
*
Offline Offline

Posts: 1714697418

View Profile Personal Message (Offline)

Ignore
1714697418
Reply with quote  #2

1714697418
Report to moderator
1714697418
Hero Member
*
Offline Offline

Posts: 1714697418

View Profile Personal Message (Offline)

Ignore
1714697418
Reply with quote  #2

1714697418
Report to moderator
1714697418
Hero Member
*
Offline Offline

Posts: 1714697418

View Profile Personal Message (Offline)

Ignore
1714697418
Reply with quote  #2

1714697418
Report to moderator
Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
kinzey
Full Member
***
Offline Offline

Activity: 254
Merit: 100


Blockchain with solar energy


View Profile
December 19, 2017, 03:25:27 PM
 #2

The great potential ahead for bitcoin and crypto currencies.
Never underestimate adoption of powerful movements in the internet age.
Simple Info graphic below, says it all !


Well if you think about it people investing or trading or just curious about bitcoin is still very limited. Yes it maybe hyped but still very limited people know or understand or even willing to invest in bitcoin. So the potential. Of BTC is very very very very high.

▀▀▀▀▀▀▀  [     CRYPTOS⚫LARTECH      ]  ▀▀▀▀▀▀▀
  White Paper     ||   BLOCKCHAIN & ENERGY FOR A BETTER WORLD   ||     One Pager 
Telegram      Facebook      Twitter      [[     TOKEN SALE is LIVE     ]]      Medium      Youtube      Reddit
Don Pedro Dinero
Legendary
*
Offline Offline

Activity: 1302
Merit: 1506


The first decentralized crypto betting platform


View Profile WWW
December 19, 2017, 03:31:36 PM
 #3

If that similarity is true, we are likely to see a price for bitcoin higher than $1.000.000. It could be false, though. Maybe another currency will surpass bitcoin, for example. Maybe strong prohibitions will come, which will shut down exchanges and make mass adoption impossible (forget about paying in Amazon with bitcoin), etc.

Wenneboy
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
December 19, 2017, 03:32:54 PM
 #4

I believe it is very hard to compare all these products to bitcoin. They all carry a purpose, use or service for the customer to make the everyday life more convenient. Take Bitcoin then for example, I would be afraid to use it as a payment because of the raising value in it, i rather use my credit card. Bitcoin is more like gold or other raw materials and commodities. For bitcoin to be more widely spread and accepted as a currency it have to stabilize.
vindesel
Newbie
*
Offline Offline

Activity: 238
Merit: 0


View Profile
December 19, 2017, 03:43:41 PM
 #5

Simple graphic but this is true Bitcoin is a great and potential cryptocurrency. and I think the bitcoin will unstoppable let see it.
webtricks
Legendary
*
Offline Offline

Activity: 1918
Merit: 1728


View Profile
December 19, 2017, 03:51:28 PM
 #6

The great potential ahead for bitcoin and crypto currencies.
Never underestimate adoption of powerful movements in the internet age.
Simple Info graphic below, says it all !



No doubt, Bitcoin has huge future potential but there is a big obstacle in this way, 'Scalability'. People argue that Bitcoin can be fragmented upto 100 millions units and if large number of people adopt Bitcoin there won't be any problem as people would start using Satoshis. But is that possible? Absolutely not! Scalability issue has limited Bitcoin diversification to the maximum of 4 decimal points. If we send lower than that, fees will supersede amount and transaction will become unfeasible to conduct.
So, we shouldn't expect anything above $100K for Bitcoin if current version i.e. Bitcoin Core continues to dominate Bitcoin in coming years. On the same side, I don't advocate fork or flippening rather there should be some consensus among miners to solve scalability issue.
Wenneboy
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
December 19, 2017, 04:09:16 PM
 #7

Also the exponentiell use of electricity and waiting lines to confirm purchase are also two draw backs. I see it at the moment solely as an investment and not as a payment. But only time will tell what will happen. 
dogandogru
Sr. Member
****
Offline Offline

Activity: 481
Merit: 256



View Profile
December 19, 2017, 11:40:28 PM
 #8

Past growth rate of BTC in last few years is unbelievable. BTC got a huge potential to grow as its popularity is increasing Day by day.
kimochidesh
Sr. Member
****
Offline Offline

Activity: 518
Merit: 257



View Profile
December 20, 2017, 09:40:47 PM
 #9

Graph clearly shows a S shape growth of BTC that proves that proves that its rise is definite and is not a pumping effect or a case exciting buying. Graph shows that bitcoin rise is systematic rise due to Inc in market cap and high demand. Just like all other financial tool, it has a systemic growth unlike a Ponzi or HYPE scheme
tanjiran
Full Member
***
Offline Offline

Activity: 770
Merit: 113



View Profile
December 21, 2017, 12:06:42 AM
 #10

its potential is huge. but legality issues can destroy everything. although this year bitcoin prices rose very high, investors also increased, but to achieve power consumption like any other still takes a lot of time.

jake zyrus
Full Member
***
Offline Offline

Activity: 798
Merit: 121



View Profile
December 21, 2017, 12:27:39 AM
 #11

Past growth rate of BTC in last few years is unbelievable. BTC got a huge potential to grow as its popularity is increasing Day by day.
Yes bitcoin has a great potential because all over the world now are known what bitcoin can do for the human. Bitcoin got huge potential because the value is increasing day by day so the investors happy to invest.

TheReverseTrader
Newbie
*
Offline Offline

Activity: 60
Merit: 0


View Profile
December 21, 2017, 12:34:35 AM
 #12

The great potential ahead for bitcoin and crypto currencies.
Never underestimate adoption of powerful movements in the internet age.
Simple Info graphic below, says it all !

https://i.imgur.com/TzK90CH.jpg

You have to keep in mind that the adoption takes time. The old generation will not give up their bank notes. Just think about credt card, it has been around very long time and not everyone use it.
Whespers78
Newbie
*
Offline Offline

Activity: 51
Merit: 0


View Profile
December 23, 2017, 04:27:06 PM
 #13

Not know about the graphic but bitcoin start having  Potential this year.

No one on your list increasing 1700% in one time.
cryptoindustries
Member
**
Offline Offline

Activity: 75
Merit: 10

btc


View Profile
December 23, 2017, 05:15:58 PM
 #14

The great potential ahead for bitcoin and crypto currencies.
Never underestimate adoption of powerful movements in the internet age.
Simple Info graphic below, says it all !



YES! many underestimate the potential what bitcoin and the blockchain technology can offer to the public for our technological advancement where things can be made fast reliably safe and efficient, imagine where in the future we are just working all in the blockchain and having free time for our family and our dreams on what we want to do in life because work can be so fast and easy..
LordCarps
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
December 23, 2017, 05:22:30 PM
 #15

But do we really believe that bitcoin will eventually not blow up?

Curious investor here, as we eventually saw that bitcoin dip to a really big low yesterday.

Any information that can rebuke such a claim?  Huh Huh
GreenBits
Legendary
*
Offline Offline

Activity: 1148
Merit: 1048



View Profile
December 23, 2017, 06:22:55 PM
 #16

The great potential ahead for bitcoin and crypto currencies.
Never underestimate adoption of powerful movements in the internet age.
Simple Info graphic below, says it all !



You have to keep in mind that the adoption takes time. The old generation will not give up their bank notes. Just think about credt card, it has been around very long time and not everyone use it.

best answer on thread so far Smiley

this is what is truly hampering adoption, beyond user non friendliness. corporations have been remiss to adopt block chains, due to the outright refusal of the banks to support any of the existing coins. from a regulation standpoint I can understand this, but it seems stubborn and greedy not to try to work with the community developed solutions already in place, rather than make a proprietary solution for the sake of control/competitiveness.



itsmeram
Full Member
***
Offline Offline

Activity: 212
Merit: 104



View Profile
December 23, 2017, 06:25:56 PM
 #17

I think the same as the other one who said that the adoption is going to take time, it will take years to happen.
All the people will not came in here in a month or two, it will take years to be developed or at least, adopted.
And with the current fees, hell, no.
DimaS1574
Full Member
***
Offline Offline

Activity: 448
Merit: 140



View Profile
December 23, 2017, 06:35:00 PM
 #18

Speaking franlly this chart is dificult to undetstand from first look)))
However it discribed real situation of development.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!