Personally i think bitcoin is future

[John5826]

Bitcoin future price of $1 million comes true in 2020, that would give it a total market capitalization of $15 trillion. Going back to McAfee's prediction, Bitcoin would need to increase its value by more than 4,900% from its all-time high of $20,000.

Check the link follow the instruction: https://www.coindesk.com/market-wrap-some-miners-face-an-uncertain-future-despite-rising-bitcoin-price


Bitcoin will reach a price of $50,000 by late 2020. He also believes that the market cap of all cryptocurrencies will burst up to a whopping $2 trillion (from the current $150 billion) within the next 10 years.

https://cdn.steemitimages.com/DQmWchMRiGB4FRGMc3EQfphq6fraA83Em9RKUHCV2ob9jat/gggg.jpg


Billionaire Michael Novogratz has invested approximately 30 percent of his fortune in cryptocurrencies. He began investing in 2015 and announced a $500 million cryptofund, which includes $150 million of his own fortune, in 2017. So i think it will be going for everyone future.

[pragna]

I think it should be because today is eCommerce era and  maximum payments now doing with online system like credit cards or mobile banking. etc. So here BTC can be also use for online payment gateway as it using more secure platform. That is why all the big big technological company now investing here and many billionaires also. So the more men or company will engaged here, the more BTC platform will strong and near future we hope we will see this.

thanks.

[dothebeats]

I don't see anything that explains why do you personally think bitcoin is the future.

Quoting people's guesstimates on what will be the price of bitcoin short-term does not secure bitcoin being the future of money, nor even explain why bitcoin is t he future. It can always go higher than Mt. Everest but if people and the world's attention is not directed to it, and develop it into something useful for their own gain, it will never be the future. Perhaps short-term people can see its worth as replacement for cash due to the pandemic, but again, how many merchants and services are really accepting bitcoin these days?

I'm not a non-believer but I just want logical answers on rhetorical questions that seem to never end in this forum.

[zashimbdit91]

I also agree with your opinion cause transaction with BTC is more secure and we notice that already many worldwide companies or service accepting BTC as there payment gateway so its time to see if big E-Commerce Like Amazon, Alibaba, etc, if they start BTC as payment gateway then your opinion may become true .we are seeing already many people are involving to BTC investment ..

[The Cryptovator]

Seems OP just mentioned some predictions and linked some articles about bitcoin price. Post doesn't match with the title. Most likely OP think bitcoin is future if price increse which is wrong in my opinion. The main concern is uses of bitcoin, when uses of bitcoin will increase and you can use it for your daily needs then we might say bitcoin is future. Don't follow such as unrealistic prediction and don't expect such as returns. This wasn't the main concept of bitcoin, we can't evaluate bitcoin with price. Ofcourse price would be reasonable when its uses will increse. So please explain briefly what is your thought and why you think bitcoin is future?

[kawetsriyanto]

I don't really understand what you are trying here. Do you describe your own opinion or McAfee's prediction? If you are trying to discuss McAfee's prediction, I think we have already done it many times and no need another thread for discussing it. You must know that $1 million is only a prediction and no one knows it really can happen or not, or when it can happen in the future. However, I really doubt if Bitcoin can reach $50,000 or $1 million this year. Just think realistically and learn how significant the move of Bitcoin price lately, there is no reason that it will go to $50,000 or $1 million in the near future.  

[meanwords]

I don't see anything that explains why do you personally think bitcoin is the future.

Quoting people's guesstimates on what will be the price of bitcoin short-term does not secure bitcoin being the future of money, nor even explain why bitcoin is t he future. It can always go higher than Mt. Everest but if people and the world's attention is not directed to it, and develop it into something useful for their own gain, it will never be the future. Perhaps short-term people can see its worth as replacement for cash due to the pandemic, but again, how many merchants and services are really accepting bitcoin these days?

I'm not a non-believer but I just want logical answers on rhetorical questions that seem to never end in this forum.

The thing here is that this type of predictions gives hopes to a type of person like OP. I mean, who gives a shit about mcafee anyway? he already back down from his words and we won't be seeing his dick getting eaten live at television anymore (It's a joke, chill).

Looking at the news article above, even $50,000 is still a pipe dream at the end of 2020 because of the dilemma we are having right now like when is difficulty going to adjust for the miners to start profiting again? how will this crisis we are having right now will affect the future market? The future is still unpredictable.

[Natasha2185]

In my opinion, BTC price will be around 200,000 to 500,000 by the end of 2020.



Paymydoctor

[pooya87]

well in your first two sentences you brought up 3 things that makes think you neither believe nor care about bitcoin future. speaking of price, market capitalization and an idiot called McAfee.
the future of bitcoin is not about its price, but its adoption and its usage as a currency worldwide. while the bitcoin price is a byproduct of that adoption. instead of focusing too much on the price and the profit in percentage you can make from bitcoin, you should seriously start using bitcoin and see what it really offers (hint financial sovereignty).

[Latviand]

I don't see anything that explains why do you personally think bitcoin is the future.

Quoting people's guesstimates on what will be the price of bitcoin short-term does not secure bitcoin being the future of money, nor even explain why bitcoin is t he future. It can always go higher than Mt. Everest but if people and the world's attention is not directed to it, and develop it into something useful for their own gain, it will never be the future. Perhaps short-term people can see its worth as replacement for cash due to the pandemic, but again, how many merchants and services are really accepting bitcoin these days?

I'm not a non-believer but I just want logical answers on rhetorical questions that seem to never end in this forum.

The thing here is that this type of predictions gives hopes to a type of person like OP. I mean, who gives a shit about mcafee anyway? he already back down from his words and we won't be seeing his dick getting eaten live at television anymore (It's a joke, chill).

Looking at the news article above, even $50,000 is still a pipe dream at the end of 2020 because of the dilemma we are having right now like when is difficulty going to adjust for the miners to start profiting again? how will this crisis we are having right now will affect the future market? The future is still unpredictable.

Bitcoin's volatility is one of the reason why it is not the future, it doesn't surpasses the standard of being a currency because there are some factors to be considered. It can reach the all time high again and it can also lower its price than you can imagine, its shifting of price from high to low is really fast and it will not really become an effective as a long term investment.

Bitcoin is only for a short term investment and manipulation, especially if it is necessary for you to have transaction in a short period of time. It is possible if people promote it and have a massive mass adoption that each and every people can benefit about it. But it is not that easy to achieve especially that there are still government that doesn't support the use of cryptocurrency in their community. Overall, bitcoin is potentially the future of all coins not specifically the future of all.

[sunsilk]

Then how do you think bitcoin is the future if most of those examples you have mentioned came from other predictions? The prediction of McAfee, many have believed in his prediction but forgotten that it's just a prediction, a guess, an opinion coming from him.

You can set him on the side and don't rely on too much with your decision through his entire prediction. Everybody who is holding at this moment is bullish in bitcoin and that's you have to remember and we don't have to argue about the future of bitcoin. But if you think that the price relies on somebody's prediction, you have to think again. Dig on the price prediction of Novogratz during 2018 and you know what happened by that time.

[Wexnident]

Stop it with the McAffee predictions, they aren't worth the notice tbh. Nextly, you pretty much just discussed the volatility part of BTC, which is in no way IMO a should be part of the future. If it still stays this volatile even when the supply is finally reached its final moments, then I don't know how much it would be worth by then. If your opt to think of BTC or any other crypto out there as the future, you should probably talk about it's adoption across various platforms. Just like how some eCommerce sites have started accepting BTC payments and how Crypto ATMs are out there in a few countries.

Still, when I read about you actually stating McAffe at the start, I should've already understood that this wasn't about BTC's future, it was about BTC being an investment for your future.

[palle11]

I will not totally agree with the saying of bitcoin being the future as we still have majority of people unaware and inefficient in the use of bitcoin modus especially in area of the internet. If the people don't understand it , would they keep relying on others for their money, earning or profit. No , not for a longer time.

[arwin100]

Stop it with the McAffee predictions, they aren't worth the notice tbh. Nextly, you pretty much just discussed the volatility part of BTC, which is in no way IMO a should be part of the future. If it still stays this volatile even when the supply is finally reached its final moments, then I don't know how much it would be worth by then. If your opt to think of BTC or any other crypto out there as the future, you should probably talk about it's adoption across various platforms. Just like how some eCommerce sites have started accepting BTC payments and how Crypto ATMs are out there in a few countries.

Still, when I read about you actually stating McAffe at the start, I should've already understood that this wasn't about BTC's future, it was about BTC being an investment for your future.

Lol, People need to stop following Mcaffee  since he's reputation is ripped off already since he's prediction always fails, he's been unmasked for his intention since he's main intention is to gain money from those fools who believes on him.

I will not totally agree with the saying of bitcoin being the future as we still have majority of people unaware and inefficient in the use of bitcoin modus especially in area of the internet. If the people don't understand it , would they keep relying on others for their money, earning or profit. No , not for a longer time.

Future for bitcoins is given already but I'm sure the one you mean is the adoption since it's not fully wide spread yet since  there are people doesn't reached yet by the blockchain technology and cryptocurrency but if the news about this will spread plus we add something good output with the price and clear information on how to earn or get benefits of it for sure this could attract people to invest with crypto's.

[K4C]

Bitcoin is the future. Of course I agree with that. Bitcoin is now at the top of popularity all over the world. Almost all the countries in the world now know about Bitcoin. The price of Bitcoin can go up to $1 million and then it can go down to $ 1 in 2020. There is no way to say for sure about Bitcoin.

[mindcntrol]

I think, crypto is gonna be successful, why? Cause computers era just began. Cause is cheaper and faster than money, being similar sure and supply stablished, which means inflation can come by price but not by ammount of btc.

Also, 20 years ago was imposible to order dinner by net. Now its quite easy (QUITE, wich means in future probably will be more).

All the moneys since the egipts has been replaced by something more accepted, more sure, and less fee. I think in the next 30 years we will se lot of countryies using crypto. It just come to stay, and thats more late than soon that btc will become very powerfull, as a storage of value.

Probably its just the beguin of btc. And it will go low as a speculation and non utility thing as it is right now. Rmember is not on the 10500 range yet. So get ready for bearish. Soon or late.

 But if we keep on the internet era, wich only starts 25 or 30 years ago, is evident that in 30-40 years, sending  value will be much easier, and it will be accepted to keep your value on crypto. Probably governements will use that at somepoint...so bitcoin is not the iminent future, but crypto it is. and thats why btc can become virtual gold on the next years. Just when people trust enought and as i sayd, price gets a support zone on 10500.
Coment and criticise me.please, just a newbie here.

[Maus0728]

the future of bitcoin is not about its price, but its adoption and its usage as a currency worldwide. while the bitcoin price is a byproduct of that adoption. instead of focusing too much on the price and the profit in percentage you can make from bitcoin, you should seriously start using bitcoin and see what it really offers (hint financial sovereignty).

That's the hard thing actually! bitcoin is a multifaceted tool which makes people tends to be very subjective on how they are going to interpret this diverse and disruptive technology. It is no surprise why people sees bitcoin as a speculative tool for securing their wealth, some uses bitcoin to initialize a transaction for an increase of privacy, or maybe others uses it to achieve financial sovereignty just like what you have said.

Another thing is that, bitcoin is always volatile and there is no guarantee that this will become our future. The only thing that we can guarantee is the decentralization, immutability and censorship-resistant which can maybe a good alternative in our financial system that is flawed.

[Haunebu]

Bitcoin is the future. Of course I agree with that. Bitcoin is now at the top of popularity all over the world. Almost all the countries in the world now know about Bitcoin. The price of Bitcoin can go up to $1 million and then it can go down to $ 1 in 2020. There is no way to say for sure about Bitcoin.

Knowledge about BTC and cryptocurrencies in general does not automatically translate to higher adoption rates. Majority of the world currently have a negative picture of BTC in their minds thanks to all the scams etc associated with it.

It won't go to 1 million or $1 in 2020 since it isn't that volatile even though it is one of the most volatile assets out there. Be realistic.

[Tipstar]

These are speculation which would come true only when bitcoin overcomes all of its hurdles. The two largest being the scalability and legality. One is an internal and technological hurdle while another is external. For it to come true, there should be an overwhelming support for bitcoin by all of miners, developers and general public.

[The Cryptovator]

Another thing is that, bitcoin is always volatile and there is no guarantee that this will become our future. The only thing that we can guarantee is the decentralization, immutability and censorship-resistant which can maybe a good alternative in our financial system that is flawed.

Fully agree with that. Bitcoin hasn't been created to take advantage of volatility and get profits. The aim of bitcoin was a decentralized currency which would make transaction peer to peer without any third party involvement. That means the intention was of bitcoin creator give new financial system where we would be our own bank and we don't need to trust anyone with our fund. Remember, 1 bitcoin always will be 1 bitcoin, it will never change. So it's better forget evaluate bitcoin with the price only which isn't clear indicate for bright future