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Author Topic: What the future holds for bitcoin  (Read 652 times)
lepbagong
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September 26, 2020, 12:18:36 PM
 #41

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.

That's one of the characteristics of bitcoin that newbies should know before investing to it.

Bitcoin is volatile in the market and dealing with it will make our investment to it become profitable.

Learning technical analysis will really help you to improve your performance and good decision making in your investments.

The vast majority are not utilizing Bitcoin as a mode of trade.
A large portion of them is keeping or holding their Bitcoins for the future.
I trust Bitcoin can turn into worldwide money, later on, I am not saying it will replace the fiat but it can replace the most of payment method.
yes, it is mostly used as a future investment or you could say it is a long-term investment, but in recent months it has been the opposite of what is usual because short-term investments have occurred several times in recent months.
Obviously, I really agree with your opinion, although maybe bitcoin will become a new trend of exchange, but obviously it will not be able to replace fiat, which is still very much needed. in fact there is complementarity in every trade in the future.

The trust scores you see are subjective; they will change depending on who you have in your trust list.
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September 26, 2020, 01:37:04 PM
 #42

When talking about the future, Im really having a hard time because we are still now dealing with a severe chaos and we really don't know when it will be over. Good thing, there is this Crypto currency world that we can work with and help ease the boredom and anxiety that we felt when thinking about all the losses in many forms. In connection with the thread, it feels great that Bitcoin extremely exceeds more than our expectations. And though, its too early to guess what will happen to this largest cryptocurrency in the market, and we really don't have the power to predict things in this world full of uncertainties...but, somehow I believe that Bitcoin will never fail to amaze those growing individuals that trusted it. It will be more popular and widely used in the future, that's for sure.
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September 26, 2020, 01:42:12 PM
 #43

Easy to say when you live in an urban section of your country.
But when you go rural, you will see a huge difference.

They are still leaning in paper money with every transaction they make.
No smartphones or if they do, just 1 per family.
Sure, bitcoin might be the future but it's just way far to be implemented for now. Maybe if every country is Japan.  Wink

It will take long time in many countries to get it full acceptable but slowly and steadily it has been started to be used by some of them in their daily life as well. though in many countries due to lack of acceptance or unclear laws it is still being used just to store it, but this change as well we will see in coming time. Bitcoin will grow as the years pass and more people will continue to become part of it.
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September 26, 2020, 02:23:52 PM
 #44

BTC is gradually gaining its grounds in the financial institute. Most people prefer using bitcoin as a medium of exchange.

I think you answered your question from the headline by yourself with these few words. It's happening for a while, +10 years, you know. Bitcoin is gaining trust from all sides, even with so many naysayers around... and what happened with some big naysayers around? They joined bitcoin after some time, they changed their mind about crypto after few years of watching how fast we are growing, by that I mean crypto community and all of us with it.
So what future holds? More adoptions, more development, more options, more of everything I guess, practically nobody here changed their opinion about bitcoin and bitcoin future once they joined, when you get hooked by crypto it's like for life I guess.

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September 26, 2020, 08:32:12 PM
 #45

most probably bitcoin price will rise, bitcoin adoption will rise and soon one will be able to pay bills and services with bitcoin. BTC price volatility is big, many times the volatility of a major state currency. this problem must be solved. i think governments will issue people to declare how many bitcoins they have and addresses etc. in case all becomes fully legal BTC have many advantages over todays fiat currencies but it will be fully accepted only after BTC pass all government regulations. till that moment BTC total market cap will be no more than 1-2 trillions USD.
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September 27, 2020, 12:17:04 AM
 #46

most probably bitcoin price will rise, bitcoin adoption will rise and soon one will be able to pay bills and services with bitcoin. BTC price volatility is big, many times the volatility of a major state currency. this problem must be solved.
(....)
What is much better these days is not to think the price of Bitcoin, we should not be excited about what Bitcoin price will reach in the future, we still don't have an idea what will happen.
We should first appreciate the beauty of Bitcoin, it is main use, not about investment, or the reason why we bought Bitcoin is to get rich easily, we should first learn about it or know more about Bitcoin.

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September 27, 2020, 12:49:01 AM
 #47

Of course the future for Bitcoin is very bright, so holds for Bitcoin will be very profitable. Knowing the price of Bitcoin which continues
to rise, the demand for Bitcoin continues to increase. If this happens it will be very profitable for Bitcoin holders. So many investors
hold Bitcoin for the long term, I am also thinking of holding Bitcoin for at least the next 5 years. And I hope that in 5 years, I can make
huge profits from Bitcoin, therefore from now on I will continue to collect as much Bitcoin as possible.

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September 27, 2020, 02:00:34 AM
 #48

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
It's not that they prefer it, but it is because it IS a medium of exchange, plus, most actually consider it as an investment even instead of a currency. And afaik, Bitcoins speed is still an issue, and that's why the lightning network is being introduced right now, though it's still at its infancy stages. Plus, if that were all Bitcoin could offer against centralized fiat, then the Government and banks could simply create their own digital fiat, with their own centralized system to make it faster. Such developments have been oddly delayed for some reason, but it would naturally be made in the near future.

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September 27, 2020, 04:48:23 AM
 #49

Of course the future for Bitcoin is very bright, so holds for Bitcoin will be very profitable. Knowing the price of Bitcoin which continues
to rise, the demand for Bitcoin continues to increase. If this happens it will be very profitable for Bitcoin holders. So many investors
hold Bitcoin for the long term, I am also thinking of holding Bitcoin for at least the next 5 years. And I hope that in 5 years, I can make
huge profits from Bitcoin, therefore from now on I will continue to collect as much Bitcoin as possible.

Although the future of bitcoin is bright due to a bullish trend coming soon, you don't have to fill your portfolio with bitcoin alone, altcoins can also be an alternative option,
I think five years is a short time, if you want maximum profit hold at least ten years from now, I believe the value of bitcoin at that time was at least fifteen times more expensive than today.
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September 27, 2020, 05:37:13 AM
 #50

Of course the future for Bitcoin is very bright, so holds for Bitcoin will be very profitable. Knowing the price of Bitcoin which continues
to rise, the demand for Bitcoin continues to increase. If this happens it will be very profitable for Bitcoin holders. So many investors
hold Bitcoin for the long term, I am also thinking of holding Bitcoin for at least the next 5 years. And I hope that in 5 years, I can make
huge profits from Bitcoin, therefore from now on I will continue to collect as much Bitcoin as possible.

Although the future of bitcoin is bright due to a bullish trend coming soon, you don't have to fill your portfolio with bitcoin alone, altcoins can also be an alternative option,
I think five years is a short time, if you want maximum profit hold at least ten years from now, I believe the value of bitcoin at that time was at least fifteen times more expensive than today.

I agree with you. The altcoin can help us make more bitcoin, especially if we can hold or trade it to profit in bitcoin. Bitcoin can be a short, medium, and long term investment at the same time. But the altcoin can be used for the short term investment because the altcoin price can change in that period.

Bitcoin's future will be bright, but many people can't hold it for a long time because many of them will worry about seeing bitcoin price will be too volatile from time to time. Besides that, many people will panic if they see the price drops too deep to make them sell their bitcoin because of panic.
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September 27, 2020, 05:44:02 AM
 #51

Of course the future for Bitcoin is very bright, so holds for Bitcoin will be very profitable. Knowing the price of Bitcoin which continues
to rise, the demand for Bitcoin continues to increase. If this happens it will be very profitable for Bitcoin holders. So many investors
hold Bitcoin for the long term, I am also thinking of holding Bitcoin for at least the next 5 years. And I hope that in 5 years, I can make
huge profits from Bitcoin, therefore from now on I will continue to collect as much Bitcoin as possible.

Although the future of bitcoin is bright due to a bullish trend coming soon, you don't have to fill your portfolio with bitcoin alone, altcoins can also be an alternative option,
I think five years is a short time, if you want maximum profit hold at least ten years from now, I believe the value of bitcoin at that time was at least fifteen times more expensive than today.

I agree with you. The altcoin can help us make more bitcoin, especially if we can hold or trade it to profit in bitcoin. Bitcoin can be a short, medium, and long term investment at the same time. But the altcoin can be used for the short term investment because the altcoin price can change in that period.

Bitcoin's future will be bright, but many people can't hold it for a long time because many of them will worry about seeing bitcoin price will be too volatile from time to time. Besides that, many people will panic if they see the price drops too deep to make them sell their bitcoin because of panic.
Bitcoin price is above 10k and with this amount we can buy and get more profit if investing on altcoin, what for bitcoin growing up just take profit above 10% only with amount $10k, how will be profitable if using this amount to buy potential altcoin like ethereum, ripple and litecoin or try to buy BNB, when price is raising up we can get much profit more than how much getting from investing with bitcoin, but bitcoin look less risk after investing and hold for long time.

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September 27, 2020, 02:12:47 PM
 #52

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


I don't really think most people today prefers using bitcoin as a medium of exchange. Some doesn't even know what bitcoin is honestly. And we have the problem with bitcoin having this image of scam and illegal activities. From what I've experience, fiat is still the efficient one to use. Less hassle with the online banking using credit and debit card, accessible to all the stores out there. Bitcoin has problem with that, I don't even want to talk about the volatility of bitcoin. I am hoping for bitcoin to reach that certain popularity, but I don't want to believe that it is already happening even though it's not. We have to face that bitcoin has a long way to go.

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September 27, 2020, 05:55:51 PM
 #53

No one can make any claims about the future of bitcoin and cryptocurrencies. Until now people entered the crypto market hoping to invest and make a profit.
However, we can fully hope that in the future, bitcoin and cryptocurrencies will develop, then blockchian technologies will serve life and bitcoin is accepted worldwide.
It is true that while no one can claim the future of Bitcoin and cryptocurrency, people hold on to it in the hope of investing and making a profit.

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September 27, 2020, 07:48:59 PM
 #54

Cashless cross border transactions have increased a lot. Same as the increase in the transaction, we've got more number of service providers in the market for competitive fee. If we believe these transactions are happening through bitcoin or any of the other cryptocurrencies, the answer is No. As per my knowledge the centralized service providers like PayPal is used much than local business services.

The future financial system is much connected with cryptocurrency, but if it is implemented without proper analysis and planning this will cause a huge inflation and economic collapse when there is 50% of the world population start using cryptocurrencies.

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September 27, 2020, 07:51:32 PM
 #55

I hope you have real data about more people prefer to use bitcoin as a medium of exchange because I'm sure, if the survey exists, at least you are still in the cryptocurrency circle so the data you get is about many people who prefer to use bitcoin. I'm not sure about that data, because even there are still many people around me or whoever I find in real life still doesn't know about bitcoin itself.

The future of bitcoin is indeed good if its growth can continue, because so far there are still many people who are new to bitcoin but don't understand and are also not interested in using bitcoin itself, in this case when the real usage has become increasingly popular then I'm sure, the future bitcoin future will be even better.

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maydna
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September 28, 2020, 03:37:02 AM
 #56

~snip~
Bitcoin price is above 10k and with this amount we can buy and get more profit if investing on altcoin, what for bitcoin growing up just take profit above 10% only with amount $10k, how will be profitable if using this amount to buy potential altcoin like ethereum, ripple and litecoin or try to buy BNB, when price is raising up we can get much profit more than how much getting from investing with bitcoin, but bitcoin look less risk after investing and hold for long time.

Indeed. With just 10%, we invest in altcoin, giving us another opportunity to profit in bitcoin. If we can do that repeatedly, the profit will be bigger, and our bitcoin amount will increase. We still buy bitcoin at a low price if the price down too much, and while we also invest in altcoin, we can make a double profit in the future.

The bitcoin market now seems to move well because we almost touch $11k again, so that means we can see the chance to make another profit. If we already bought bitcoin at $10,500 yesterday and still hold it, our profit now will be $400, which is a good profit for us.
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September 28, 2020, 03:52:19 AM
 #57

It is still too early to say what happens but one thing is for sure. Bitcoin will spearhead the cashless revolution. Best case scenario is bitcoin as the sole currency around the globe and fiat will be a thing of the past, there will be a lot of studies and political maneuvers in order for this idyllic scenario to happen but this will my best case scenario. Worst case is total ban all around the world and overall price depreciation, the old and broken system will prevail. I do believe that we are arriving at the best case scenario because it has been a decade since bitcoin's inception and I think that is enough traction towards an idyllic scenario.

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September 28, 2020, 03:53:55 AM
 #58

~snip~
Bitcoin price is above 10k and with this amount we can buy and get more profit if investing on altcoin, what for bitcoin growing up just take profit above 10% only with amount $10k, how will be profitable if using this amount to buy potential altcoin like ethereum, ripple and litecoin or try to buy BNB, when price is raising up we can get much profit more than how much getting from investing with bitcoin, but bitcoin look less risk after investing and hold for long time.

Indeed. With just 10%, we invest in altcoin, giving us another opportunity to profit in bitcoin. If we can do that repeatedly, the profit will be bigger, and our bitcoin amount will increase. We still buy bitcoin at a low price if the price down too much, and while we also invest in altcoin, we can make a double profit in the future.
the thing is there are no repeatedly profiting in this market,we can make money at first but will lose at second or we can win twice and lose double.
Quote
The bitcoin market now seems to move well because we almost touch $11k again, so that means we can see the chance to make another profit. If we already bought bitcoin at $10,500 yesterday and still hold it, our profit now will be $400, which is a good profit for us.
yet not taking that 411k again,for couple of times since August and now September is almost done still struggling to move up.
It looks like we will stay in this until the Mid of 4th quarter or even before December.

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September 28, 2020, 03:54:59 AM
 #59

It depends on you when you are holding a coin.
Let's say for example is the bitcoin.
If you make an investment when the price of the coin is low there is a chance if make a hold for your coin for a long time and wait for the income of yours.

Holding is depended on the investor if you think you are winning on your hold why not hold until you achieve the target you want.

If you are already losing your money on your holding there are only choices,

You will trust your coin to make a comeback on it.
Or
Pull out your money and regret your investments lol.

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September 28, 2020, 04:59:41 AM
 #60

Bitcoin at that time did look very cheap, some threw it away to buy or do something and some also collected it because they knew that Bitcoin would be better in the future for its price and it has been proven that Bitcoin continues to grow and develop until now Bitcoin is still maintained at a price which is very good in cryptocurrency. Maybe Bitcoin will become a very good digital asset all over the world because everyone is using Bitcoin for their long-term investment compared to other assets in the future.

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