10 Reasons Why Bitcoin Is Strong Today And Will Continue To Grow

[smartbitcoininvestor]

No one knows for sure (with any degree of certainty) what the future holds for bitcoin. Having said that, most will agree that the future is bright.

Here are 10 reasons why Bitcoin is strong today and will continue to grow:

1. Bitcoin introduced blockchain technology for the rest of the world to utilize.
2. Bitcoin itself is a protocol that will continually evolve.
3. Acceptance (Bitcoin is only 10 years old!)
4. Much of the developed world where payment systems that enable instantaneous person-to-person payment are not available, would love to adopt Bitcoin.
5. Volatility will minimize as the public at large becomes less sensitive to everything the media spews out and as more users adopt it.
6. As larger corporations start offering Bitcoin as a payment alternative, smaller companies waiting in the shadows will jump on the bandwagon.
7. The market capitalization of Bitcoin indicates that the currency is now too big to collapse (and is backed by the trust of its users).
8. The buying process of Bitcoin will be made much simpler than it is at present by exchanges, corporations, and developers.
9. Bitcoin will be featured regularly in the remittance world and by travelers and travel agencies alike.
10. Bitcoin is universal and globally recognized as a store of value.


Agree? Disagree? What your thoughts on the growth of bitcoin now and in the future?

[CryptoBry]

I agree with most of the points presented here. Now, to help for the widespread utilization of Bitcoin as a currency and not just a store of value, its volatility has to be contained. Although volatility has been one of the reasons why Bitcoin became a popular investment vehicle, people are hampered from spending like the normal money and just hold them for speculative purposes. I am looking for another 10 years before we can really see the kind of impact that Bitcoin should be making on the world of finance, money and banking.

[jossiel]

6. As larger corporations start offering Bitcoin as a payment alternative, smaller companies waiting in the shadows will jump on the bandwagon.

It's sure that this will happen in the future. The small enterprises are just waiting for the signal of these large companies to start accepting bitcoin. Once they are already in, this will create a chain effect.

I'm already imagining the scenario that once an online or known tech company starts doing it, the effect would be vast.

[romero121]

The growth will continue, and it can't be limited within 10 reasons. If we go deep we'll get to know more and more reasons that makes bitcoin strong. Though there is uncertainty regards to the limited availability there is large scale adoption going on around the globe. Till date within ten years of time it has gained such a mass global attention without any form of advertising through media. The growth has happened through the word of mouth spreading which itself a true success.

[cr1776]

11. Censorship resistance.
12. Instant micropayments online (via lightning etc).
13. Asset protection.
14. Protection against currency controls.

[MURONDI]

almost all crypto users are optimistic that bitcoin will develop in the future, but no one really knows what will happen in the future, anything can happen, What's more many also oppose bitcoin, but I still have faith that bitcoin will be more victorious in the future.

[dnprock]

I agree with most of the points presented here. Now, to help for the widespread utilization of Bitcoin as a currency and not just a store of value, its volatility has to be contained. Although volatility has been one of the reasons why Bitcoin became a popular investment vehicle, people are hampered from spending like the normal money and just hold them for speculative purposes. I am looking for another 10 years before we can really see the kind of impact that Bitcoin should be making on the world of finance, money and banking.

> 5. Volatility will minimize as the public at large becomes less sensitive to everything the media spews out and as more users adopt it.

I wrote a post to explain why volatility will not stop for Bitcoin. It is increasingly moving into being a Store of Value. That will prevent it from being a currency.

https://bitflate.org/post/2019/11/24/bitcoin-will-not-be-a-medium-of-exchange.html

Bitcointalk discussion on the topic:

https://bitcointalk.org/index.php?topic=5204233.0

[Text]

I don't think so that bitcoin volatility will get affected, bitcoin is circulating and it's the continuous fluctuating cause of market demands of exchange/trade and spendable. However, I still agree with the overall reasons on the list. I'm a believer that we will continue to benefit until its existence.

[Savemore]

almost all crypto users are optimistic that bitcoin will develop in the future, but no one really knows what will happen in the future, anything can happen, What's more many also oppose bitcoin, but I still have faith that bitcoin will be more victorious in the future.

The future of bitcoin depends on how we treat it today. Most of people see it nowadays as profitable assets and that's why many people are keep acquiring it. There are also claims that if you have bitcoin today then you can avoid the next financial crisis. It will continue to grow as time passing by because there are still many people who do not know about what it is and how does it work. They will become interested to acquire it because of its advantages and benefits.

[meanwords]

5. Volatility will minimize as the public at large becomes less sensitive to everything the media spews out and as more users adopt it.

Nope. Volatility will only subside when there's a heavy regulation put in it. Being less sensitive to something doesn't really mean it will become less volatile. What makes Bitcoin volatile is that most investors treats it as an individual investment with no limit. There's no rule to it and they can invest and do what ever they want with it. That drives the price. Even if we reach $1,000,000 price or the people accepts it, it will still be volatile.

[Murat]

Of course, You have mentioned all of the important points regarding Bitcoin, I think also like this way. Since Bitcoin is the introducer of this blockchain system so it has the credibility to the people around the whole world, not only that but also Bitcoin is the mother of the cryptocurrency so it's running successfully, Though the price volatility is the concerning issue for the current context whatever people still investing in this mother Blockchain system, for me, Another important matter is the sustainable period, Bitcoin has already passed 10years so it's not a small number, I hope Bitcoin will get legalized with some policies around the world because no government will not allow a decentralized monetary system.

[pooya87]

8. The buying process of Bitcoin will be made much simpler than it is at present by exchanges, corporations, and developers.

simpler? maybe a little. simple? no.
buying bitcoin is not that complicated now either, so maybe there is room to make a bit simpler but at the same time i believe that the governments will continue adding more roadblocks and complications such as KYC so that they control and monitor who buys bitcoin, how much,... and the more popular bitcoin gets, the more they would try to take control. so even if the buying methods themselves were became simpler that extra difficulty would be added on top.

[the rise]

blockchain technology will be linked to tokenomics from their stable coins first(1), the government will also ensure costs in each person-to-person transaction, they must control something that has economic value(4). If volatility can be minimized, then the company will have no difficulty in applying it, but this is still not possible(5.6).

the buying process has become simpler? hmm depending on the rate of adoption that grows, using bitcoin is not as easy as thought, most people will still only believe in fiat and gold -8-.

[Baby Dragon]

almost all crypto users are optimistic that bitcoin will develop in the future, but no one really knows what will happen in the future, anything can happen, What's more many also oppose bitcoin, but I still have faith that bitcoin will be more victorious in the future.

The future of bitcoin depends on how we treat it today. Most of people see it nowadays as profitable assets and that's why many people are keep acquiring it. There are also claims that if you have bitcoin today then you can avoid the next financial crisis. It will continue to grow as time passing by because there are still many people who do not know about what it is and how does it work. They will become interested to acquire it because of its advantages and benefits.

Indeed, it sometimes depends on the level of their perception, people these days will be only interested on something that can be beneficial to them. If they can see the capabilities and potentialities of bitcoin then they will acquire it. As you can see many people still see bitcoin as a scam due to negative news that they have heard and it can be one of the factor that can have a huge impact on their decision making but despite of that I still believe that it is not a hindrance on the growing and improving state of bitcoin.

[iamaruf]

Maybe you forget to add that to hold your money no need bank.You can control your money.You can use bitcoin anonymously. If you make trx huge amount of money there no need to wait or verify anything.Actually there are thousands of positive sides to use bitcoin. And most strong thing of bitcoin is day by bitcoin users increasing. I think this is strong reason. Because if people stop using bitcoin there will be no value.                   

[Ailmand]

Bitcoin is an innovation that made blockchain technology known by the mass. There ia a huge possibility that it will be massively adopted in all aspects such as in the field of medicine, education, finance which is in some places is already being practiced. Bitcoin and blockchain technology will soon be part of our daily lives in terms of fund security and transaction without the banks being part of it.

[Prateek_sharma]

Bitcoin is the first crypto in the market, because of bitcoin crypto market has gained a lot popularity in the market.

[DreamStage]

Agree in every aspect stated as that's why i am one of those who strongly believe in it.
For the current, present, past, future history changes on it's price and successfull adoptions across any countries that fought till the next day for a legal approval.

There is nothing that can prevent from moving across the network unless a real world situation blocks it for obtaining fiat.
Nevertheless is still worth using it even now and then when there is regulations blocking it.

[yazher]

Indeed as of today, Bitcoin has made a major role in innovating our past technology with this new blockchain technology. therefore with the continues development of the blockchain technologies until today, Bitcoin is always worth mentioning. let's just hope that they will not replace Bitcoin with their nonsense coins. anyway, even though they create something like bitcoin, there will just come up with something different and most of the investors hate that, that's why they ended up losing popularity after a few years from launching it.

[audaciousbeing]

No one knows for sure (with any degree of certainty) what the future holds for bitcoin. Having said that, most will agree that the future is bright.

Here are 10 reasons why Bitcoin is strong today and will continue to grow:

1. Bitcoin introduced blockchain technology for the rest of the world to utilize.
2. Bitcoin itself is a protocol that will continually evolve.
3. Acceptance (Bitcoin is only 10 years old!)
4. Much of the developed world where payment systems that enable instantaneous person-to-person payment are not available, would love to adopt Bitcoin.
5. Volatility will minimize as the public at large becomes less sensitive to everything the media spews out and as more users adopt it.
6. As larger corporations start offering Bitcoin as a payment alternative, smaller companies waiting in the shadows will jump on the bandwagon.
7. The market capitalization of Bitcoin indicates that the currency is now too big to collapse (and is backed by the trust of its users).
8. The buying process of Bitcoin will be made much simpler than it is at present by exchanges, corporations, and developers.
9. Bitcoin will be featured regularly in the remittance world and by travelers and travel agencies alike.
10. Bitcoin is universal and globally recognized as a store of value.


Agree? Disagree? What your thoughts on the growth of bitcoin now and in the future?

The point you have noted are very much valid but as we step into the new decade, majority of these points are weak to take bitcoin into the future. The valid for me is the number one point which talks about the blockchain technology which has been reputed to be a solution that is being applied to various projects across the globe even on a large scale that cannot be covered.

Other points, needs to be stepped up really. For volatility, while this is something that attracts most traders into the crypto space, its keeping multinationals and platforms at bay because buying and selling cannot be done on the basis of chance and on a currency that is not known to have some level of stability.