What the future holds for bitcoin

[Ebede]

BTC is gradually gaining its grounds in the financial institute. Most people prefer using bitcoin as a medium of exchange. Before the advent of bitcoin local and foreign currencies were the only means of financial transactions. Currently BTC has gone beyond bothers and has also made transactions safer and faster without much stress of converting from one currency to another. From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy

[1714045831]

1714045831

[coupable]

From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy

Too early to say this. Not only because people arround the world still need more time to accept the tech and adopt it, but we can't deny the fact that bitcoin can't replace all the circulating FIAT arround the globe. In a recent analysis, 1 bitcoin should be worth $1 million if we aim to replace just the dollar currency.
Without to forget that bitcoin is still in early stages as a global currency and its network still need to be maintained by devs in order to make it stronger and solid.

[Charles-Tim]

If I can save fiat at home safely without any thief coming, it will be good. If I can transfer my fiat to a family abroad without the bank or any third party, it will be good. If I have not made transactions before leading to error while using fiats, it will be good. If I can maintain privacy to an extent while using fiat, it will be good. If the fiat in my country is not declining in value, it will be good.  The bank I am using have just reduced maximum MasterCard international transafer from $500 to $100 monthly, worth an inconvenience.

In fact, centralization of money needs alternative.

With bitcoin, which is an alternative and a decentralized money, I can be my own bank, make transactions which will never fail but go through so far I send to the right address, I can easily transfer as many as possible bitcoin that I own to family and friends, I can have my privacy. People do not have option is the reason they are using fiat, bitcoin serves the real purpose of money, but ignorance makes people not to realize.

I sent bitcoin from my country to a friend abroad few days ago, all just at my home with ease of transactions. And that aside, bitcoin is still at its early stage, it will surely reach all time high again, it has brighter future. A money not imposed on anyone by governments or any centralized body to spend but decided by individual.

[verita1]

Bitcoin is financial freedom. When people learn to use it it is certain that they continue to trade for various purposes. They will probably always have Bitcoin in their wallet. Why not take advantage of the fact that it is the first active crypto in the market to make it more usable?.

While we are suffering from this global health crisis, Bitcoin has played an important role when it comes to transferring funds without borders.
For these and for many reasons, Bitcoin has been useful to provide timely responses that would have been difficult for traditional banking systems.
IMO Bitcoin has a promising future.

[Sadlife]

Bitcoin has a steady progress in mass adoption and recently Bitcoin ETF has been legally approve by the proposal of NASDAQ. This should gain more exposure to Cryptocurrency, and fuel a next major bull run.
It's better to accumulate now while the price is still affordable, because we know bitcoin supply is limited its more like gold but better, and convenient and secured because its doesn't follow the conventional centralized system of banks.

[batang_bitcoin]

Most people prefer using bitcoin as a medium of exchange.

And there are us who want it to be used as a store of value rather than a medium of exchange. Needless to say, if it's not because of most people that are using it as a medium of exchange which should be makes the liquidity high.
The future for bitcoin is somehow predictable within two possible results, will keep going or will eventually be upgraded or replaced by a newer one but we're very much too far from this scene.

[Peanutswar]

Too hard to say the market price of the bitcoin is too much volatile but still invest at your own risk many people are making more money with the use of it, it needed a to have a good on technicals skills you must need to learn more experience too it's up to you how to earn

If you will hold the coin and wait for the right time to earn profit.

[ChiBitCTy]

BTC is gradually gaining its grounds in the financial institute. Most people prefer using bitcoin as a medium of exchange. Before the advent of bitcoin local and foreign currencies were the only means of financial transactions. Currently BTC has gone beyond bothers and has also made transactions safer and faster without much stress of converting from one currency to another. From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy

"Most people prefer using bitcoin as a medium of exchange" ..I'm not sure what you mean by this exactly but most people still use cash all across the globe. Also not sure what you mean by "its a bette way of accumulating wealth".  Technically bitcoin is not an investment.  Though it is used as one, like a fiat currency is, but its very volatile and that typically does not make for a great way to accumulate wealth.

[btc-facebook]

From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy

I don't agree if bitcoin is a means of accumulating wealth quickly, because a lot of people are getting poor quickly because of bitcoin, so it would be better if bitcoin was a payment alternative,
and for investment, it is a personal choice with the risk that must be borne by yourself, because if a new user who wants to get rich quick but does not understand the knowledge, then it is not the profit he gets but loses.

[BrewMaster]

Bitcoin has a steady progress in mass adoption and recently Bitcoin ETF has been legally approve by the proposal of NASDAQ.

unless you have heard a fresh news that i'm not aware of, you are thinking of  some other country accepting a bitcoin ETF not the US in their NASDAQ and it really isn't an indication of mass adoption, it shows some adoption since ETFs are really bad.

[diezorocket]

definitely has potential as continued to be adopted and developed

[Kemarit]

Bitcoin has a steady progress in mass adoption and recently Bitcoin ETF has been legally approve by the proposal of NASDAQ. This should gain more exposure to Cryptocurrency, and fuel a next major bull run.
It's better to accumulate now while the price is still affordable, because we know bitcoin supply is limited its more like gold but better, and convenient and secured because its doesn't follow the conventional centralized system of banks.

Nah, it's the ETF you are talking are outside of the US so I doubt that it will gain exposure. The exposure we need is for the unbank people to go full crypto.

Regarding the future for Bitcoin, we are still fairly young and at ten years old, the future is still open. It could be the digital money that we wanted it to be, used online as payment and for remittances around the globe. But it is still early, we can accumulate as much as we can for the future, but it doesn't mean that we are going to become wealthy.

[Darooghe]

Bitcoin was meant to be used as a currency. But it is understandable that with the huge price rise many people will just hold. Many big investors keep saying bitcoin will be at least $100.000 in a couple of years. So Holding is the wisest decision currently as high growth in the forthcoming months. as long as traders practice HODLing the price will definitely rise and also influence the altcoins to be stabilized as well.

[Darker45]

Most people are not using Bitcoin as a medium of exchange. Most of them are keeping or hodling their Bitcoins for the future as many believe the fiat value of Bitcoin today is far lower than it will be tomorrow.

Just like your opinion, many people see Bitcoin as a better or even easier way to accumulate wealth. With this view, you will most likely keep your Bitcoin rather than spend it, thereby losing its role as a medium of exchange. People are hoarding it instead of letting it go.

[mk4]

Most people prefer using bitcoin as a medium of exchange.

I'd say it's mostly a speculative investment than a medium of exchange for most people, as the places where you can actually spend bitcoin is really minuscule.

Currently BTC has gone beyond bothers and has also made transactions safer and faster without much stress of converting from one currency to another.

It's really not. Bitcoin's safety completely depends on how knowledgeable the user is concerning security(which most people don't take seriously); and also, bitcoin's speed depends on the fees you're willing to pay.

Ultimately, I'm a bitcoin bull too, but it's a lot more healthier to be realistic when looking at Bitcoin's advantages and disadvantages, and not look at everything as a positive.

[TheUltraElite]

BTC is gradually gaining its grounds in the financial institute.

Which "financial institute" you talk about? It is wrong to consider any one so I believe you are referring to big banks in general. In that case, you are wrong. It has only hustled into the game till now.

Most people prefer using bitcoin as a medium of exchange.

Wrong. Fiat is way more in usage than bitcoin. What is the source of support for your statements? I have the counter argument statements though which were posted in this forum too.

Before the advent of bitcoin local and foreign currencies were the only means of financial transactions. Currently BTC has gone beyond bothers and has also made transactions safer and faster without much stress of converting from one currency to another.

Bitcoin is not just safe transactions. It is about the resistance to censorship and its decentralized concept that make it advantageous for common people to use without having to go through a middleman. Even then fiat is the bigger whale in the game. Bitcoin's usage is still in the single digit percentage.

From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy

That type of thinking will only lead to frustration because comparing the time for which you live, probably bitcoin will not boom within it but take much longer. Hence it is better you buy and sell, keep the cycle going instead of stubbornly holding.

[The Cryptovator]

Bitcoin has been gaining its goal of why was created for. The whole world moving into digitalization, so as a part of this Bitcoin has been becoming more popular and spendable day by day. If you say gaining gradually in the financial institute then I wouldn't agree, Bitcoin isn't an instinctual currency, and it's fully decentralized.

I don't think most peoples preferring bitcoin as a medium of exchange since most peoples in the world don't know about Bitcoin still now. But yes, those we are Bitcoin users, we are looking always where we can use Bitcoin as a medium of exchange. Sending money becomes easier with Bitcoin worldwide with the hassle. But still, there is hassle convert your bitcoin into fiat since governments don't like to support.

As your title says, we don't know the exact future of holding bitcoin. Those hold bitcoin in back 2016, they become rich in 2017. But those hold bitcoin 2017 during the bull run, they become bagger. So no one can predict it, but if you have enough patience and ready to wait for a long, then you may expect a good return from bitcoin holding. Just you shouldn't be greedy.

[DarkbLue]

We re in the future an it's been more then a decade to use bitcoin. Just imagine in a decade what happened in blockchain, thousands of company has built based on it. Millions has started to use cryptocurrency. All of these influence to bitcoin. I won't be shocked or get surprise after decade if the all of the worlds gets to familiar with blockchain, and use cryptocurrency.

[ReiMomo]

Digitalization for the word of innovation is the stage that we recently have now. This is what I see in the future of Bitcoin, the potential to be a number 1 decentralized currency that leads to any payment method. We always wanted to compared bitcoin into fiat but the fact, they have both useful, the more payment methods which makes people easier to choose which they convenient at.

Accumulating and holding for a long-term purpose is a wise decision, more adoption of bitcoin will make the demand less and it will also affect the price that results from a bullish trend. Bitcoin is already in medium exchange but we're lack of adoption due to the reason of very often incidents of scam, people's afraid to be a scam.

[cryptoinvestorrr]

For me it is not so early to say it. I already think so. Always step by step andd what we are sure is more and more people accept and join this crypto world!!    As we used the cash, in the beginning people could't accept the card either. Event thoug right now there are still some people who insist on using cash.