What's next for bitcoin ?

[Wysi]

We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?  

[goto22]

Well, there are charities that accept BTC, and maybe a handful of other top altcoins. Bitcoin can't donate anything to anyone, but anyone can use Bitcoin to donate to many different charities. The question is if BTC community members are interested in doing so or not. Even so, i don't expect that to help. The exposure comes from the media, and the media doesn't publish 'good' stories. If it doesn't shock — it doesn't attract clicks/views. So, when there is a ransomware where the hacker wants to be paid in BTC, you can bet anything that it will be on the news. But, if a BTC user donates X amount of money in BTC to a charity, nobody cares.

[Wexnident]

We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?  

Bitcoin isn't controlled by anyone so a plan to donate would need to be talked about by the community and only those who agree could join the said charity donation. I don't expect the majority to partake in that kind of session though. The community doesn't need to partake in charity to become famous since it's basically just a matter of time. And bitcoin won't be the one featured, it would most likely be the user who donated, or could be labeled as an anonymous donator.

[Wysi]

We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?  

Bitcoin isn't controlled by anyone so a plan to donate would need to be talked about by the community and only those who agree could join the said charity donation. I don't expect the majority to partake in that kind of session though. The community doesn't need to partake in charity to become famous since it's basically just a matter of time. And bitcoin won't be the one featured, it would most likely be the user who donated, or could be labeled as an anonymous donator.

Bitcoin is not controlled by anyone since it's decentralized but when I say bitcoin I am referring to the bitcoin community and it's not individual donations but as a community and it's not just a matter of time but rather how we create impact on lives and betterment of this world. If we can form a community and donate then it will make a difference, yes the identity will be anonymous but still it will be from bitcoin community.

[mk4]

While it might help a bit, I don't think it will do anything significant. Remember the Pineapple Fund of 2017? It was definitely a huge event in the bitcoin community, but it didn't even get that much traction outside our community. I don't think big news sites even made an article about it at all.

Bitcoin will gain traction with time. When people realize the importance of it. Unfortunately, it looks like people in countries with healthy economies wouldn't understand the need of it unless they experienced economic crises themselves.

Reddit posts concerning the Pineapple Fund:
https://www.reddit.com/r/Bitcoin/comments/7jj0oa/im_donating_5057_btc_to_charitable_causes/
https://www.reddit.com/r/Bitcoin/comments/8ieffr/farewell_from_the_pineapple_fund/

[Kakmakr]

Why does a currency need to prove it self? Did PayPal ask the world if they can solve the global warming problems or if they could cure hunger? People look at the use case for a currency and they apply it to improve on the previous option that they had and that is where Bitcoin comes in.

Bitcoin is not centralized, so political agendas cannot interfere with the payment process and it is pseud anonymous to protect the owners financial data. Bitcoin is also border less, so you can send bitcoins to anyone, anywhere in the world. People will look at that are use that in their own circumstances and that is how it solves problems and challenges. 

[CryptoBry]

We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?  

I am suggesting that there should be an organization connected in some way to Bitcoin and this organization can be acting like a charitable/developmental platform to help address some problems affecting humanity and of course this can be funded by Bitcoin coming from regular donors all over the world. Now, I am not saying it can be like a super-government type of organization but just a normal one but can be able to reach as many people as possible using the money (cryptocurrency) it has on its hands. This can be the best way to enhance the reputation of Bitcoin especially since there are still people who are wrongly associating it with scams and frauds.

As to the question: What can be next for Bitcoin? I think or rather in my humble opinion, the next three months of 2019 will see Bitcoin going into limbo or lull maybe there will always that attempt to get back to $10K level but the bearish influence can be too strong. The year 2020 can see many good developments (including the scheduled halving, of course) that can pull Bitcoin out of the quagmire and we can finally see the chance for Bitcoin to reach the $15K level again. Beyond that level, I would rather not think ahead.

[skarais]

Bitcoin is not controlled by anyone since it's decentralized but when I say bitcoin I am referring to the bitcoin community and it's not individual donations but as a community and it's not just a matter of time but rather how we create impact on lives and betterment of this world. If we can form a community and donate then it will make a difference, yes the identity will be anonymous but still it will be from bitcoin community.

Yes, maybe that will provide something more beneficial for the environment. But does every bitcoin user need to pay attention to the environment?
In my opinion to pay attention to the environment one must realize that the environment is the most important thing in the life ecosystem. Building a charity community is a very appropriate thing in my opinion, and not only crypto users but the government must also be involved.

[michellee]

For people who have a large amount of bitcoin, they can donate it into a fundraiser or as a charity institution. But people are not just donating their bitcoin directly because some people already donate some of their profit to help humankind.

Bitcoin community already moves by themselves, and maybe we have seen some people in this forum giving food to the homeless or other people who really need it. Some of them don't want to expose themselves while they help each other. Soon, the world will know about bitcoin, and we only need to spread the news about bitcoin to them and let them do what they can do.

What can be next for bitcoin? We need approval from the government so they can admit the existence of bitcoin is to help people to get a new source of income. Yes, bitcoin price will increase soon or in the future, but still many things we need to do to introduce bitcoin to the public.

[Kyraishi]

I think the next move for Bitcoin and cryptocurrencies, in general, would be to establish much more fairer regulations and clear cut rules for businesses, consumers and others. Regulation of crypto has been pretty new and often extreme in cases and with a set rulebook and laws, everything will be made much clearer.

Another thing that desperately needs to happen is way more adoption of bitcoin and other currencies if we truly want blockchain technology to do well in our society, companies and governments need to help make that happen.

[Bitcoininvestment]

We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?  

We have been good in bitcoin. Now in this case, we should have another one like in bitcoin and for this, we can be added in making some money and earnings like in bitcoin.Adoptation with another cryptocurrency will br the key for another good future and another thing that will get our income.

[lightningmelo]

Bitcoin doesn't need to be used for donations for any cause to increase it's reputation.

Bitcoin is money, and money's reputation doesn't require good will, it just requires that there's consensus on it's future value.

To that effect, what Bitcoin "needs" is more liquidity, more adoption and it's reputation will naturally go up with time.

[bonasi]

Why does a currency need to prove itself?

It's money! We do all donate for charity but BITCOIN is not an IP that can do it.

Personals should donate when they can...

[minersday]

We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?  

The only next step for Bitcoin is mainstream adoption of it in the financial ecosystem. I totally agree with you on the fact that the entire bitcoin community needs to help the world know and understand what bitcoin can do when it is adopted into the financial mainstream. All bitcoin needs right now is mainstream recognition and adoption. That is the next step for bitcoin.

[minersday]

Bitcoin has to evolve into something bigger and I hope it will happen in the coming years otherwise things may not go according to plan

I don't think I quite understand this; evolve into something bigger like what?? Bitcoin don't need evolution right now. All bitcoin needs is mainstream adoption and recognition. Once it is in the mainstream, evolution will automatically take place with minimal efforts.

[GMoore87]

Gloomy days ahead. Falling further till 6.7K
Use Bitcoin as an investment, not for trading.

[Darker45]

We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?  

What you are hoping for with Bitcoin has already been happening. Many times was Bitcoin used for charitable donations. If you have read the news about the Amazon forest fires and crypto, there was a particular controversial piece there because a huge donation in BTC amounting to $100,000 was blocked by BitPay. Here are some links on the news:

https://cointelegraph.com/news/bitpay-blocks-100k-bitcoin-donation-to-amazon-rainforest-fire-charity
https://www.coindesk.com/100000-crypto-donation-to-amazon-rainforest-charity-blocked-by-bitpay

We also have some charitable initiatives in this forum alone.

The next for Bitcoin in my mind, partly an inevitable future yet partly a wish also, is that Bitcoin is going to become the main currency of the world. I imagine a world in which people are doing transaction with smart phones and digital wallets, and without the use of physical cash.

[Genemind]

Bitcoin is already popular so I don't think it's necessary for it to make noise again. What we need is more adoption. We all know that online business is now a trend so it will be a big advantage if most huge online businesses and companies would accept and adopt Bitcoin and other cryptocurrencies. Charity donation won't change the current situation of Bitcoin so we must think of better and bigger possibilities.

[Artemis3]

We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?  

I am suggesting that there should be an organization connected in some way to Bitcoin and this organization can be acting like a charitable/developmental platform to help address some problems affecting humanity and of course this can be funded by Bitcoin coming from regular donors all over the world. Now, I am not saying it can be like a super-government type of organization but just a normal one but can be able to reach as many people as possible using the money (cryptocurrency) it has on its hands. This can be the best way to enhance the reputation of Bitcoin especially since there are still people who are wrongly associating it with scams and frauds.

As to the question: What can be next for Bitcoin? I think or rather in my humble opinion, the next three months of 2019 will see Bitcoin going into limbo or lull maybe there will always that attempt to get back to $10K level but the bearish influence can be too strong. The year 2020 can see many good developments (including the scheduled halving, of course) that can pull Bitcoin out of the quagmire and we can finally see the chance for Bitcoin to reach the $15K level again. Beyond that level, I would rather not think ahead.

I'm completely against this. No organizations, we had enough of those already and it didn't end well. If you want to do it, do it on your own personal motivation or your own separate organization that could happen to accept bitcoin. But never "something representing" Bitcoin, ever again. Leave Bitcoin free of human corruption, Bitcoin is working as intended and needs no special group attributing themselves "leadership".

Price is easy, it will go up, because fiat goes down, but price will tend to go less and less up, until it matches the world average inflation as "up", but only because everyone else go down, which is not Bitcoin's fault.

And of course there will be speculative fluctuations around the "natural" line, which in the long run will always correct back to it. "Zoom out", and you'll recognize this logarithmic graph, which starts very steep and then slows down over time.

[Zionatin]

I would like to see bitcoin being used more for practical use and growing more as a currency instead of a commodity. Yoo many people look at bitcoin as an investment or stocks. It was meant to be a currency but right now it is something in between.

 

We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ? 

I am suggesting that there should be an organization connected in some way to Bitcoin and this organization can be acting like a charitable/developmental platform to help address some problems affecting humanity and of course this can be funded by Bitcoin coming from regular donors all over the world. Now, I am not saying it can be like a super-government type of organization but just a normal one but can be able to reach as many people as possible using the money (cryptocurrency) it has on its hands. This can be the best way to enhance the reputation of Bitcoin especially since there are still people who are wrongly associating it with scams and frauds.

As to the question: What can be next for Bitcoin? I think or rather in my humble opinion, the next three months of 2019 will see Bitcoin going into limbo or lull maybe there will always that attempt to get back to $10K level but the bearish influence can be too strong. The year 2020 can see many good developments (including the scheduled halving, of course) that can pull Bitcoin out of the quagmire and we can finally see the chance for Bitcoin to reach the $15K level again. Beyond that level, I would rather not think ahead.

I'm completely against this. No organizations, we had enough of those already and it didn't end well. If you want to do it, do it on your own personal motivation or your own separate organization that could happen to accept bitcoin. But never "something representing" Bitcoin, ever again. Leave Bitcoin free of human corruption, Bitcoin is working as intended and needs no special group attributing themselves "leadership".

Price is easy, it will go up, because fiat goes down, but price will tend to go less and less up, until it matches the world average inflation as "up", but only because everyone else go down, which is not Bitcoin's fault.

And of course there will be speculative fluctuations around the "natural" line, which in the long run will always correct back to it. "Zoom out", and you'll recognize this logarithmic graph, which starts very steep and then slows down over time.

Exactly as you say. It goes against everything bitcoin was built on. Bitcoin is free there is no authority it will answer to.