What's next for bitcoin ?

[serjent05]

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.

There is always a good samaritan in every organization or industry.  I am sure there are already community that had been doing this kind of good deeds.  You can check this list of Bitcoin charity

http://bitcoinforcharity.com/bitcoin-charity-list/

The adoption rate of cryptocurrencies will increase in the next years.
More and more establishments will accept not just Bitcoin but other cryptos.

True, I can see exponential growth of Bitcoin community in the coming years.

[buwaytress]

Bitcoin is not controlled by anyone. He is not a company to do charitable actions that will improve his reputation. It uses a decentralized network, it is not a company. Also, Bitcoin cannot be sanctioned, precisely because it is not controlled by anyone.
What's next for Bitcoin? A stagnation of about 2-3 years at this price and then a historical boom.

Maybe not controlled by any individuals, and not ultimately under the decision of single big entities, but Bitcoin is somehow still under the sway of several big entities. Since I've come to know it, this decentralisation aspect has been improving by leaps and bounds, to be sure. But the fact that certain parties have tried to influence its directions, (though failed), the fact they thought it was possible said something about the state of Bitcoin then.

What's next? Period of low hype. Quiet adoption.

[quierx16]

How and who will do that, in this forum only few are of us are rich to be a part of this kind of deeds most of us here doesnt have good amount of bitcoin I think only forum admins and old high rankers could make a step for this.

[Artemis3]

Bitcoin is not controlled by anyone. He is not a company to do charitable actions that will improve his reputation. It uses a decentralized network, it is not a company. Also, Bitcoin cannot be sanctioned, precisely because it is not controlled by anyone.
What's next for Bitcoin? A stagnation of about 2-3 years at this price and then a historical boom.

Definitely not.

Why? Are the governments suspending fiat inflation? No, because they are fools that follow the school of Chicago dogma and fear deflation. Therefore if bitcoin where to magically go stable, its price in fiat would still increase opposite to the induced inflation.

So no, its not that bitcoin goes up, its that the $ € etc go down, but people don't see it.

There is also no reason for a "historical boom". The price is showing a logarithmic curve, it starts with a steep increase in price that slows down as time passes, if anything, bitcoin price increases should slow down, and also the fluctuations, which will always occur because its free, but less and less as it gets mature and goes the way of gold.

Bitcoin (thankfully) doesn't have built in inflation so it can never become "stable" against the fiat currencies. It can be used as a way to escape this inflation and preserve purchasing power, but don't expect to live forever over this. It was fun in the first decade, by the end of the next decade you better have diversified and found another source of income, that preferably pays in bitcoin yes, but not bitcoin itself as a source of "magic growth money".

The "getting rich overnight" thing is over, as it should be. And guess what, no change is needed to Bitcoin, its working fine.

[Janation]

How and who will do that, in this forum only few are of us are rich to be a part of this kind of deeds most of us here doesnt have good amount of bitcoin I think only forum admins and old high rankers could make a step for this.

Everything starts with a small step.

It doesn't always start with big steps.

I know that it is true but I think if you start saving, maybe start a group that would help using Bitcoin, which can start a big help. Bitcoin will stay as it is right now, an investment.

[pakhitheboss]

As long as the price of Bitcoin is above $7700 there is nothing to panic. Technically we are still in the Bull market. If the price goes below $7700 then you can call it a Bear market. Historically September and October have been like this. You need to wait until next month for the price to take an upward trend. This is the best time to accumulate more and keep on HODLing till halving.

[Sithara007]

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 ?  

LOL.. who is going to donate? Individual users can always do that, but Bitcoin has no centralized authority to make a donation from its part. You can request the miners to donate a fixed percentage of the transaction fee, but I don't think that there will be a consensus on that (and chances are that they are not going to be happy about it). My personal opinion is that we need to first establish ourselves, before we set out on grand plans such as saving the environment. We have been going through a bearish phase for the last two years and many of the users are in deep red. First let's take care of the members of our own community, before stepping out and save the world.

[teosanru]

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 ?  

Actually the problem here is decentralization. In decentralization there is no central authority who addresses to the issues like development and broadcasting of bitcoin to make it more publicly recognized and acceptable. Also for community to help someone needs to take an initiative. Initiative to visit the Amazon and actually help the victims. Maybe this forum is our only public speaking point through which our community can communicate otherwise there is nothing with which we can actually speak together. I surely do agree that these things should happen but no only to create more bitcoin sympathizers but merely for humanity in general. Maybe some Staff Member can take the  initiative to create a thread in which we all can contribute whatever we want.

[fiulpro]

Well I think you already know that Bitcoins is doing things to help with environment already and it was a very old news .

What I think is it can reduce the amount of waste generated by the minning and all ( carbon footprint ) , that's all it needs to do right now , I think the big generators and all should only be allowed with some sustainable source of energy .

[agustina2]

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.

There is always a good samaritan in every organization or industry.  I am sure there are already community that had been doing this kind of good deeds.  You can check this list of Bitcoin charity

http://bitcoinforcharity.com/bitcoin-charity-list/

This list of charities accepting bitcoin will be a good start for our community to have an opportunity to help others and support different causes. We need to unite so bitcoin will be the one recognize. All that is needed to do now is to know who are the people interested in participating in these charity acts.

[1Referee]

We have been going through a bearish phase for the last two years and many of the users are in deep red. First let's take care of the members of our own community, before stepping out and save the world.

It's people's own responsibility to not get sucked into buying at the very highs of a bull run. Bitcoin is there for people to actually be used as money or a hedge against political/economical turmoil. If you gamble your way to zero by buying the peaks and sell the bottoms, that's your problem. It's a brutal and impossible to time market we're in. One should never forget that.

Bitcoiners don't owe the society anything. If the society is brainwashed where they blame Bitcoin for all sorts of nonsensical problems, then they have a problem themselves.

I find it way worse that the so called society is backing governments that continue to squeeze every penny out their inhabitants through taxes and whatnot. Tax money that is also being utilized to finance proxy wars.

[dave111223]

There have already been charities financed in crypto. We can't really talk about the future for Bitcoin or the purpose of use, since it's a currency.... On the other hand, we can expect that adoption by the general public will increase and that more and more of our payments will be made in crypto ! More and more good causes and less and less bad causes !

[bounceback]

it's also better if for example the bitcoin community can care about the community and the environment around it to maintain the beauty of the universe and contribute various needs to the surrounding community so that people see better that the bitcoin community is good and cares for the needs that are around it to be ignored.

[judeafante]

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 ?  

Some Bitcoin community already doing that, in fact there are so many donations website created using Bitcoin as their form of donation, although some of them are in a bad light, like Mavrodi's MMM version of donation, there are local Bitcoin community that's been doing that, in fact you can start your own campaign or anyone here.

[Fredomago]

The adoption rate of cryptocurrencies will increase in the next years.
More and more establishments will accept not just Bitcoin but other cryptos.

These are some of the things that will happen for Bitcoin in the future. I know there are some but there is a possibility that it will not happen. I believe that those two will happen every year. Many are saying that Bitcoin will rise in the next year but there is still a possibility that it will not happen .

There's no clear ways for Bitcoin even the anticipation is high but it will be depends from how adoptions will take place. If more people and businesses that will embrace the system it can create a huge impact with Bitcoin and other good Alts to get support from the market. We are relying with how much appreciation that will happen after some more months or years to come. Patience and stay optimistic if you already holding good numbers of assets.

[Sithara007]

There have already been charities financed in crypto. We can't really talk about the future for Bitcoin or the purpose of use, since it's a currency.... On the other hand, we can expect that adoption by the general public will increase and that more and more of our payments will be made in crypto ! More and more good causes and less and less bad causes !

If you are donating money, then the receiving party no longer cares in which format you sends that money. Ever since Wikileaks started accepting Bitcoin in 2011, we had thousands or even tens of thousands of charities accepting Bitcoin payments. Even Wikipedia (which took an ant-Bitcoin stance earlier) was begging for BTC in 2017. But one of the issues that we face in our country (India) is that only donations made in fiat currency are liable for tax breaks. If you are donating BTC to some charity, then you can't claim tax breaks for the same. So whenever I make some donations, I first convert my cryptocurrency to fiat cash, and make payments using these funds.

[ReiMomo]

True, I can see exponential growth of Bitcoin community in the coming years.

There will be and time to time it will happen in the future.
Well, I don't think bitcoin can help unless if someone will his/her fiat money and exchange it to bitcoin then you'll be able to donate it. In that way you can promote bitcoin and many people will find bitcoin very helpful to them but if you mean that bitcoin itself well bitcoin can't donate to anyone or anything.

[jarhed]

There have already been charities financed in crypto. We can't really talk about the future for Bitcoin or the purpose of use, since it's a currency.... On the other hand, we can expect that adoption by the general public will increase and that more and more of our payments will be made in crypto ! More and more good causes and less and less bad causes !

If you are donating money, then the receiving party no longer cares in which format you sends that money. Ever since Wikileaks started accepting Bitcoin in 2011, we had thousands or even tens of thousands of charities accepting Bitcoin payments. Even Wikipedia (which took an ant-Bitcoin stance earlier) was begging for BTC in 2017. But one of the issues that we face in our country (India) is that only donations made in fiat currency are liable for tax breaks. If you are donating BTC to some charity, then you can't claim tax breaks for the same. So whenever I make some donations, I first convert my cryptocurrency to fiat cash, and make payments using these funds.

That's the right decision. If you can make a donation of fiat money, then why use Bitcoin. This is even from a security point of view. I do not use cryptocurrencies as a means of payment. It is better to trade cryptocurrency or keep it for the long term.

[alexsandria]

I dont think we need to focus on world affair just to be become mainstream. I mean, there is no single entity that is fully controlling bitcoin so doing that, all crypto users cannot do that because they can do whatever they want, unless some rich crypto user will do it and promote bitcoin at the same time.

[Fredomago]

I dont think we need to focus on world affair just to be become mainstream. I mean, there is no single entity that is fully controlling bitcoin so doing that, all crypto users cannot do that because they can do whatever they want, unless some rich crypto user will do it and promote bitcoin at the same time.

Those rich Bitcoin bag holders can do that as part of helping to promote the system, if they will start bringing this  currency mainstream it will be a big lift. Seeing more attention to wide venues and attract more people to start venturing with this new ways of investing your money.
Future still need to get more interested participants who will be willing to attained more success.