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

[blckhawk]

Though all your points are right, you haven't considered the things that would oppress Bitcoin's growth. Problems are present such as its scalability, due to slower transaction validation. You cannot also deny the fact that anonimity provided by Bitcoin is a double-edged sword. You get financial freedom, as well as criminals to conduct their illegal acts one step easier.

[wildan88]

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.

I think if bitcoin as payment at this time is less attractive because the transaction takes a long time, whereas the big companies that I see prefer to adopt blockchain technology than bitcoin itself. but there is a few alternative coins that have a speed of the transaction.

[Eclipse26]

Who would even disagree here in the forum? I truly believe that Bitcoin can achieve more and will continue to grow. They cannot escape technological advancement, and Bitcoin and cryptocurrency is part of that. That's why at the end of everything, those who disapprove Bitcoin will also end up adopting Bitcoin. I also believe that there are more reason aside of those 10 reasons you stated.

[xZork]

I agree with almost all except item # 6 because Bitcoin is too slow and expensive to be a means of payment. Perhaps in the future bitcoin will still play a leading role in the cryptocurrency market, but I prefer bitcoin wallets like gold rather than bitcoin to become a circulated currency.
Perhaps in the future there will be a coin fast enough and the cheap transaction fees play the role of a currency.

[Meowth05]

I agree with almost all except item # 6 because Bitcoin is too slow and expensive to be a means of payment. Perhaps in the future bitcoin will still play a leading role in the cryptocurrency market, but I prefer bitcoin wallets like gold rather than bitcoin to become a circulated currency.
Perhaps in the future there will be a coin fast enough and the cheap transaction fees play the role of a currency.

Exactly, based on my experience Bitcoins do really have expensive fees that is why I prefer to convert it into other cryptocurrencies that has the less expensive amount of fees yet have faster transaction like ETH and XRP. I preferably used Bitcoin as an asset as well due to the fact that it has great potential in giving a high return for a different kind of investment rather than using it as normal currency.

[chaoscoinz]

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?

I agree, those are some pretty good and valid points that you've made. I think if the adoption and market growth continues to slowly increase overtime, a natural growing uptrend may occur. The market price is stagnated around $7500 for so, unable to rise above its current plateau.

[smyslov]

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?

I agree on all you pointed out, number 9 and 10 are still on process we have not yet seen it fully adopted, but once majority of travel agencies and remittance worrld adopted Bitcoin and Cryptocurrency, we will finally realize that Bitcoin will be unstoppable
There are still many people mistook Bitcoin as a Ponzi scheme, we still need our media to push Bitcoin education, this is the one thing that we need to move forward once education has been attained.

[Palider]

I agree with what you said because bitcoin is in the developing stage and every day we see its importance in helping us greatly. And every day there is a lot of good news, like government recognition, people awareness and of course the use of big companies as alternative payment processors.

It doesn't really affect the price of bitcoin right now, but it does help the future of bitcoin so we can see where bitcoin really should be.

[Wintersoldier]

I agree with what you said because bitcoin is in the developing stage and every day we see its importance in helping us greatly. And every day there is a lot of good news, like government recognition, people awareness and of course the use of big companies as alternative payment processors.

It doesn't really affect the price of bitcoin right now, but it does help the future of bitcoin so we can see where bitcoin really should be.

From time to time, it is like a puzzle when a country starts to develop their trust to cryptocurrency by building projects to adopt bitcoin and make their own crypto. It is like a puzzle that we can see, from time to time that if the world seems to complete, a big future of the world will be formed. For us to benefit the most from cryptocurrency, every single project regarding adoption should be supported and we should be the one to lead other people into recognizing cryptocurrency. One thing that we should avoid is to commit and illegal use of crypto which greatly impacts its reputation.

[xvids]

I also agree with it Bitcoin would surely continue to grow over time.
We don't have to worry about it being low right now because after a few years more people or company would be interested about it and invest on it and it would drive the peice up.

[vintages]

Nice one.
I totally concur to the first one. The introduction of the Blockchain technology alone should and will continue to make Bitcoin a stronger and popular asset.
Little to no information was known about the Blockchain technology before Bitcoin came into existence. And it's interesting to say that we are yet to see what the blockchain technology is capable of doing in the next ten years to come!

[jackmac09]

Hello, I was thinking about cashing out but this has made me have second thoughts. How accurate is this information as I cannot see a source? I was thinking of cashing out now at the current prices as I have already made a lot of profit since invested earlier this year. I am cautious though about doing so because as this year proved the market can go either way. Perhaps I should keep half my assets invested and take half out as a precautionary measure until the uncertainty is over. Particularly as Christmas is coming and I need the money.  What do you think? If you agree, I am looking around for the best possible crypto-to-fiats exchange platforms, would anyone know of one that is good for withdrawing a sizeable amount of crypto for a very good pound or euro rate? Please let me know as I was hoping to withdraw some point this week. 

[Youghoor]

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.

These are exactly the understanding and knowledge the entire world should have and obtain about Bitcoin. These reasons explain what Bitcoin is and the possible future of Bitcoin. Thanks for sharing such an insightful post. The entire world needs to understand these reasons because thus the only way some people in the world can understand that Bitcoin is not what the media present it to be.

[nicecrypto]

Judging from the past 10 years of btc existence and how things has improved since then both in development and price aspect plus more exposure compare to before is enough reason to know that btc is solid tech and will continue to grow even more.

[tianglistrik]

I also agree with it Bitcoin would surely continue to grow over time.
We don't have to worry about it being low right now because after a few years more people or company would be interested about it and invest on it and it would drive the peice up.

bitcoin solves problems in the field of transactions where the technology is sufficient to help several sectors including transactions. and I'm sure it will continue to grow because there are quite a lot of current technological developments, and I'm not sure that bitcoin will go to zero price because of its large function

[Blackdeath]

I agree with what you said because bitcoin is in the developing stage and every day we see its importance in helping us greatly. And every day there is a lot of good news, like government recognition, people awareness and of course the use of big companies as alternative payment processors.

It doesn't really affect the price of bitcoin right now, but it does help the future of bitcoin so we can see where bitcoin really should be.

From time to time, it is like a puzzle when a country starts to develop their trust to cryptocurrency by building projects to adopt bitcoin and make their own crypto. It is like a puzzle that we can see, from time to time that if the world seems to complete, a big future of the world will be formed. For us to benefit the most from cryptocurrency, every single project regarding adoption should be supported and we should be the one to lead other people into recognizing cryptocurrency. One thing that we should avoid is to commit and illegal use of crypto which greatly impacts its reputation.

Indeed. While more people still doesn't know about bitcoin and did not buy bitcoin, bitcoin will still continue to grow because automatically once a person started to discover about bitcoin he will become interested to it and adopt, that is why no matter how bitcoin's price goes down, it will still get up because it still continues to grow.

[plvbob0070]

I agree especially in number 10 because Bitcoin is an old crypto currency that evolves because of many users. Its users know its limitations so the result the Bitcoin itself make a way to change its limitations and make it a full functional in the next decade or years but I am truly sure that this crypto coin will still exists because of its trust it make for many users.

[Doell]

interesting these 10 reasons must reach the public outside here for understanding crypto in the community ,so far the development is quite good also from year to year and if all people adopt bitcoin widely will make it even stronger

[CyberKuro]

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.

Agree with it especially for bitcoin still in the early phase of development, wait for 15 years till 20 years.
Like satoshi said;

~  I'm sure that in 20 years there will either be very large transaction volume or no volume.

6. As larger corporations start offering Bitcoin as a payment alternative, smaller companies waiting in the shadows will jump on the bandwagon.
9. Bitcoin will be featured regularly in the remittance world and by travelers and travel agencies alike.

Larger corporations? smaller companies? remittance world? travel agencies? Well, it's happening right now.

The most popular companies accepting Bitcoin payment today are:
Wikipedia
Microsoft
Expedia
Overstock
Bitcoin.Travel – a travel site that provides accommodation, apartments, attractions, etc.
PizzaForCoins.com - Domino’s Pizza signed up – pay for their pizza with bitcoins
ExpressVPN
Bitcoincoffee.com – Buy your favorite coffee online
Grass Hill Alpacas – A local farm in  Haydenville, MA



From Who Accepts Bitcoins in 2020? Massive List (19+ Major Companies)
https://99bitcoins.com/bitcoin/who-accepts/

https://99bitcoins.com/bitcoin/who-accepts/
read more here

[FaithInCrypto]

I agree with all the points you've mentioned, OP.
I think there will be additional points other than that after a few years as Bitcoin is still young. In my opinion, there' still more space for growth so I am sure the services will improve and it will make Bitcoin known than before. Since bigger companies are adapting to the use of Bitcoin I am sure the smaller ones will all follow the use of crypto as one of their mode of payments.