Silberman
Legendary
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Activity: 2492
Merit: 1332
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February 27, 2022, 07:47:19 PM |
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1 Bitcoin will remain the same 1 Bitcoin even in the next 100 years coming, the value of Bitcoin may change its price can go up to $400,000 in the next couple of years but if you hold one bitcoin it will not change its value but it Fiat value may change. On the contrary, Bitcoin will never replace fiat but will continue to provide an alternative role and a digital currency.
The nature of your holdings is not going to change but what you can get with them will increase significantly during the next years and decades, I really think this is why people are not using their bitcoin as much as they should, they are waiting for the value of their bitcoin to go up in terms of fiat and as long as this is the case then the adoption of bitcoin will still be on the slow side, but if you are not in a hurry to make profits then that is not really something that affects you at all.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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batang_bitcoin
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February 27, 2022, 08:34:49 PM |
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On the contrary, Bitcoin will never replace fiat but will continue to provide an alternative role and a digital currency.
On the contrary, this is not only possible, it is happening. During the last few years Bitcoin has witnessed a major evolution and global adoption. The concept has become easier to understand and used for the general public in most parts of the world. Take El Salvador for example. Moreover, current events in Ukraine and Russia clearly demonstrate how cryptocurrencies are more advantageous than fiat money and the traditional banking system. The technology behind Bitcoin has advanced and Bitcoin is not only used as a currency but also to store value and make investments. As an alternative, I'd agree about it. But if a country has been stopped to use those systems that they've been traditionally using all over these years with fiat, they'll have no choice but either to use their own system and it's like a close border system that only them can have it. Or, to have open transfers, they can use bitcoin on it. Whilst these countries that does have some issues with the traditional system and they were stopped, bitcoin is a good option for them. They'll add up to the value of the market and eventually will realize that it's not just a payment method but also a store of value and a kind of asset that they'd love to have.
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Ziskinberg
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February 28, 2022, 12:04:57 PM |
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1 Bitcoin will remain the same 1 Bitcoin even in the next 100 years coming, the value of Bitcoin may change its price can go up to $400,000 in the next couple of years but if you hold one bitcoin it will not change its value but it Fiat value may change. On the contrary, Bitcoin will never replace fiat but will continue to provide an alternative role and a digital currency.
The nature of your holdings is not going to change but what you can get with them will increase significantly during the next years and decades, I really think this is why people are not using their bitcoin as much as they should, they are waiting for the value of their bitcoin to go up in terms of fiat and as long as this is the case then the adoption of bitcoin will still be on the slow side, but if you are not in a hurry to make profits then that is not really something that affects you at all. Naturally, people have held their Bitcoin because they believe it will become more valuable in the future. Their idea was great and I support their thinking but I suggest them not to expect too much. Maybe 10 years from we can see Bitcoin reaches $500k and if that really happens, these holders will surely get happy while those weak hands regret it. Well, I'm too positive as well that Bitcoin adoption went so strong, and to see people will use this as a currency.
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blockman
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February 28, 2022, 01:12:46 PM |
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Naturally, people have held their Bitcoin because they believe it will become more valuable in the future. Their idea was great and I support their thinking but I suggest them not to expect too much. Maybe 10 years from we can see Bitcoin reaches $500k and if that really happens, these holders will surely get happy while those weak hands regret it. Well, I'm too positive as well that Bitcoin adoption went so strong, and to see people will use this as a currency.
IMHO, it's okay to expect much if it's for bitcoin. But for the other coins, it's better be applied to be neutral or give not too much expectation. That's just what I think since bitcoin is likely holding the whole market and it moves all of them every time it goes up or down. $500k is a too much expectation and I'd love to hold bitcoin even only one until that time comes. As I've said that it's okay to expect that much, your expectation of it being as a currency isn't that much because it is actually a currency already or maybe it's about being used and replaced fiat.
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Dave1
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March 02, 2022, 09:22:03 AM |
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Naturally, people have held their Bitcoin because they believe it will become more valuable in the future. Their idea was great and I support their thinking but I suggest them not to expect too much. Maybe 10 years from we can see Bitcoin reaches $500k and if that really happens, these holders will surely get happy while those weak hands regret it. Well, I'm too positive as well that Bitcoin adoption went so strong, and to see people will use this as a currency.
IMHO, it's okay to expect much if it's for bitcoin. But for the other coins, it's better be applied to be neutral or give not too much expectation. That's just what I think since bitcoin is likely holding the whole market and it moves all of them every time it goes up or down. $500k is a too much expectation and I'd love to hold bitcoin even only one until that time comes. As I've said that it's okay to expect that much, your expectation of it being as a currency isn't that much because it is actually a currency already or maybe it's about being used and replaced fiat. As for my experience, it is better if you do have your own prediction and keep it to yourself and see if bitcoin can reach that price or not. Or just stick with the basic, continue to hold and accumulate because the chance of bitcoin having a massive growth in the coming year is high. So no expectation, just time will tell. A for the other coins, there could be some solid coins, but not like bitcoin though. There are some solid altcoins that can give us good profits in the future as well, but majority of us sticks to bitcoin.
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Rimueng
Member
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Activity: 374
Merit: 12
Smart World Global Token
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March 04, 2022, 07:06:20 PM |
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In my understanding, if we have Bitcoin today and hold it for 10 years, and when bitcoin matures and there is a significant increase in price, usability and trust then, we will make huge profits. I believe in the future more innovation, more regulation to adopt bitcoin and other crypto assets. But it's clear that Hold is the winner.
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Kemarit
Legendary
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Activity: 3066
Merit: 1352
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March 04, 2022, 07:18:45 PM |
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In my understanding, if we have Bitcoin today and hold it for 10 years, and when bitcoin matures and there is a significant increase in price, usability and trust then, we will make huge profits. I believe in the future more innovation, more regulation to adopt bitcoin and other crypto assets. But it's clear that Hold is the winner.
That is a long, in my opinion, if you ar going to hold it for about a year, the thing you should do is to really keep it secure and have the private key and mnemonic phrase safe like in a bank vault or something. And who knows what's going to happen to us in the next 10 years. Plus there is this thing called mental toughness, your resiliency to get pass and not to sell your bitcoin if we reaches all time high. So very very hard to do and hold it for 10 years or so.
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aylabadia05
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March 05, 2022, 05:33:03 PM |
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In the future if you have one btc and it cost 40k. Then it means in 7-10 years about you dont have one btc But...you have 40k btc as in the future we dont count value by fiat currency the crypto will be the currency. Those who got crypto will own everything. It means with 40k btc you have purache power 40k x 40k=? A lot lambos a lot lands a lot mansions.
The existence of an imagination to be motivated to achieve dreams. If I have 1 Bitcoin now, then someday I will have 10 Bitcoins. If what you describe is related to Bitcoin, then it's called a hallucination, not an imagination, let alone a dream. A thinker will give a thought to something that is thought in accordance with the data (past, present, future). Look at this graph.
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