What the future holds for bitcoin

[415jeremy]

Bitcoin won't be the official medium of exchange in cashless society. The future form of money is CBDC, not Bitcoin.

[carlisle1]

Bitcoin won't be the official medium of exchange in cashless society. The future form of money is CBDC, not Bitcoin.

how come?mind to elaborate mate?Bitcoin may not be the medium of exchange in cashless society but what about CBDC?
crypto is the best competing currencies in future,with this many people will trust online payments and those others will be a second choice.

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.

Sole Currency worldwide?
that would be impossible to happen because Fiat will still until the end of the world,but of course just another option from bitcoin when the crypto revolution comes.

[gabbie2010]

Most people prefer using bitcoin as a medium of exchange.

Did you use Bitcoin to pay household bills, taxes, and regular shopping? I doubt it, you'll still use fiat.

Bitcoin is not really good option to pay regular shopping due to high volatility. You'll need to pay higher fees for get confirmed faster, or you'll need to wait until the price is same as your purchase.

I agree. The only way for Bitcoin to be viable is through the use of lightning network which as of now is still not fully developed and will probably take more years to be useable for common people. Another option is the use of centralized 3rd-party wallet that accepts Bitcoin to pay for bills, shopping, etc (I personally use this because of how convenient it is with Bitcoin).

Overall Bitcoin still has room to grow and too undeveloped to be compared to a fiat.

Talks about Lightning have been going on for several years, but so far nothing has been implemented in the main network... Nobody knows how long this development will last! That's why at the moment bitcoin is a bad tool for daily payments!

It seems to me that bitcoin can become a means of payment, if everything in this world will be evaluated in bitcoins, and while it has a crazy volatility, it is just unreal!

Once the Lightning network is perfected, utilized and implemented ease of payment with Bitcoin will be well embraced by many stores, companies e.t.c while it utilization as a medium of exchange will be swift then the much talk-about cashless society will take effect will full force, however Bitcoin volatility is really an issue that need to be addressed for us to achieved that aim and objective I believed once Bitcoin reached a certain price mark in the future there will be a stability in its price thus the issue of volatility will be addressed.

[gurjasmeetsingh]

I think holding of bitcoin tokens would be beneficial in future. But if we use some part of bitcoin tokens in many ways just like trading shoping etc.we get good earnings also with the bitcoin.l think so.

[N0644]

Bitcoin"s future bright, it seems to be a cashless policy in the markets in the future.

[btc78]

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. 

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.

storing or using it both will help the currency to stay in value,People tend to Hold this even if it is not that accepted in their country looking for a chance that sooner it will be done,government only needs appreciation and belief and then acceptance is what followed.

Bitcoin"s future bright, it seems to be a cashless policy in the markets in the future.

this is all our prayers and hopefully will happen soon.cashless society is the future of the world either with bitcoin or other internet money.

[mezzaluna]

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. 

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.

That's quite true for most South East Asian countries that is still relying on its Agricultural Sector. Rural parts of most countries does not even have available electricity and without Internet, the use of smartphones would be useless. Antennas that would receive Internet is also not available due to bad governing. If the country would really want to advance, they need to research about it and make necessary changes like Japan.

Slow and steady is the best way to do that.

[Darkelf11]

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Slow and steady is the best way to do that.

As time goes by, bitcoin adoption is getting broader and broader, but most countries are taking good plans before they allow bitcoin on their lands, there is no need to make bitcoin adoption faster. There's still so much time left.

Because governments are taking precautions on this kind of adoption or making it legal, if they found out that bitcoin is a great help to the community, we can get more assurance for our bitcoin investments. More trust because our government is trusting bitcoin. If I will be asks, I think bitcoin has more bright future to come.

[proTECH77]

Bitcoin is so diferrent compare to other cryptocurrency.  Many government are now have interest on bitcoin because the way other communities are making use of it in the areas of business and other things.

Bitcoin future is a great one. Holding coins for a long time can also turn the life of the investors around for good. I will never forget the BTC i hold 2017 when it reduce to $780 and later go up 2019 to $3,322 before i now release them to market it was a great profit for me that year.
Many people are now having interest to use bitcoin to invest than making use of fiat money whish is very risk to carry about for investment.

[Rafiqul]

Needless to say, the credibility and acceptability of Bitcoin is growing day by day; At the same time, its value has also increased. Bitcoin is now widely used as a medium of transaction as well as investment. Bitcoin transactions can be done very easily, securely and at low cost. But the big problem is that its market value is very volatile. So I think you should think long term about investing in Bitcoin.

[shoreno]

Bitcoin won't be the official medium of exchange in cashless society. The future form of money is CBDC, not Bitcoin.

we dont know if that cashless society is true so its okay if btc is not the official coin for that and there are currencies that can be more of a candidate on that field but i dont think its your coin because i havent heard of that coin your promoting but it can be included on the future of money when it showed its worth  .

Needless to say, the credibility and acceptability of Bitcoin is growing day by day; At the same time, its value has also increased.

its price wont grow if not because of acceptance and being credible  . the three elements can be a gateway for btc to have a bright future .

[maydna]

~snip~

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.

I think we can try to search for profit repeatedly, but with the good movements in the market, so you can have a chance to buy low and sell high. At this moment, I think we have that chance, but we need to be careful to trade.

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.

If you don't make a profit for that $400, you can wait for the next days because the bitcoin price will give you another profit, and who knows, you can make more than just $400. But still, to wait for the big profit will need patience, and not all people can do that.

I feel the same as you. Perhaps, we will see the situations will be like this until the end of this year. But I have hope that the price will break $11k-$14k before the end of this year.

[Yatsan]

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.

It will really take time before the people not just on certain countries but talking about people across the world would certainly accept and adapt into using Bitcoin for the fact that there are still common issues and different stands that different government from different countries are still up to against Bitcoin making it a big hindrance on the acceptance and adaptation of it. Added by the factor that most people are still into patronizing use of cash more likely compared to using digital money.

Needless to say, the credibility and acceptability of Bitcoin is growing day by day; At the same time, its value has also increased. Bitcoin is now widely used as a medium of transaction as well as investment. Bitcoin transactions can be done very easily, securely and at low cost. But the big problem is that its market value is very volatile. So I think you should think long term about investing in Bitcoin.

There is really no doubt about the credibility and the rate of it getting accepted and be recognized is rising as time passes by because people are now seeing its worth mostly on other people because of the price it have and other that focuses into the way it is being used that have risen up this pandemic for people recognizes how Bitcoin works and can be a safe haven despite of the pandemic where crypto market is lightly affected by the negative effect for the stock market is the one who have been directly affected. This makes Bitcoin to be seen as a good investment specially at times of crisis. Investing into Bitcoin is worthy but still you should think of it so hard for you to decide if you will go along.

[Kasabus]

Well I would have to agree with you on these because i picture a future where bitcoin will be valid in all forms of transactions and sector. The future for bitcoin as a means of exchange is positively high. Although there might come some stumbling block on they way that might want to obstruct the process but with optimism bitcoin will one day be the world leading currency.

Even if bitcoin will not be totally become as a leading currency, but having it as an alternative payment aside from fiat is already a good achievement for bitcoin. Although bitcoin is invented to act as a medium of exchange, but i believe majority of the people here in crypto community still making it as an investment and keep it as a good store of value rather than making transactions with bitcoin as a payment system.

[DoublerHunter]

Well I would have to agree with you on these because i picture a future where bitcoin will be valid in all forms of transactions and sector. The future for bitcoin as a means of exchange is positively high. Although there might come some stumbling block on they way that might want to obstruct the process but with optimism bitcoin will one day be the world leading currency.

^ That is, leading the world of the best cryptocurrency is has a potential that likely will happen and we are already on the mainstream.
But do you really believe that bitcoin will become a number used in all transaction worldwide through the internet, I am still doubtful about this because most commonly as what I have seen for most people, they are preferred to hold their bitcoin that want spending this as a regular need? I think that bitcoin is good for the banking business of our own because it has the potential to grow year by year that using this as payment.

[jaypiepie]

in future bitcoin will become a huge and it will be successful in the next few years and did you see the status of bitcoin from 2011 until now bitcoin will continued to grow up

[jamesde]

Bitcoin is changer of the game!
Bitcoin was recovering from its first collapse just five years ago and started at around $220.
Bitcoin has reached dizzying heights between then and now. No one with confidence can foresees the future.

[bryant.coleman]

Needless to say, the credibility and acceptability of Bitcoin is growing day by day; At the same time, its value has also increased. Bitcoin is now widely used as a medium of transaction as well as investment. Bitcoin transactions can be done very easily, securely and at low cost. But the big problem is that its market value is very volatile. So I think you should think long term about investing in Bitcoin.

I don't agree with your statement. I am not witnessing much growth after mid-2018. The growth in the user base and acceptability seems to have stagnated. Also, a number of stores that used to accept Bitcoin payments earlier are no longer doing that (such as Stripe and Steam). High transaction fee, as well as volatile exchange rates are to blame for this situation.

[pinggoki]

For now accumulating wealth is still a bit unreliable.

The price is still unpredictable and unless you are not that kind of person that would dump your Bitcoin after a huge downfall, you could just hold it. I am not saying that it is bad but right now it is unreliable since there are better assets right now that could give you reliable profits in time. I am holding Bitcoin but I don't hold all of my savings to Bitcoin.

Well, that's reasonable. They've already said that "don't put all of your eggs on one basket" and it is true. No matter how good Bitcoin is we still don't know what future ahead of it. Better to diversify your assets into different places like Real Estate for an example. Never stop accumulate Bitcoin but you must also remember that don't rely on it too much. Bitcoin has still a vague future after all.

[Debonaire217]

Well, that's reasonable. They've already said that "don't put all of your eggs on one basket" and it is true. No matter how good Bitcoin is we still don't know what future ahead of it. Better to diversify your assets into different places like Real Estate for an example. Never stop accumulate Bitcoin but you must also remember that don't rely on it too much. Bitcoin has still a vague future after all.

Perhaps, you can directly diversify your assets to crypto itself, there are already cryptocurrencies which provens its reliability such as stable coins, for people who don't want volatility, and other cryptocurrency with volatity but is backed with good characteristics such as ETH. There, we can expect that our investment will return a good price in the future, aside from bitcoin where if bitcoin declines, we still have assets in altcoins.

But it is still not wrong to choose physical investment, as real estate are destined to increase its value in the future since more and more people are buying homes and the population is increasing.