Bitcoins future is Bright

[Sabbir Hossen]

A little bit about Bitcoins future. Hope this will be helpful for those who are new at crypto.

# When Satoshi Nakamoto created Bitcoin he put its supply at 21 Million. And already 19 million Bitcoin has been mined. For this limited supply the purchasing power will increase day by day. Bitcoin follows the low of supply and demand. when the demand for Bitcoin increases, the price increases. Now Bitcoin is accepted as currency in many places. From donating to a church to buying a Lamborghini, everything can now be done with Bitcoin. That means its acceptance is slowly increasing. And its good for Bitcoin.

# Bitcoin follows gold. Like Gold has limited supply on earth and its becomes harder harder to mine new gold. This is why gold has been able to retain its value for more then 6000 year's. And same as gold Bitcoin mining will be harder then before because of the halving event. And If we look at the previous chart of Bitcoin, we can see after each halving event bitcoin break its previous high. So it is expected that bitcoin will break its previous high again after the next ( May 4 , 2024 ) halving event.

# We moved from using Web 1.0 technology to Web 2.0 technology. Still using Web 2.0 technology. The biggest advantage or feature of Web 3.0 is the integration of Blockchain technology. Blockchain technology is all about cryptocurrency in the transaction process. So the future of Bitcoin is bright.

Even if the market is in a bad state right now, it will be okay. There are many other good points which may not be mentioned in full here. If anyone wants to know better about these things. I am giving the link of some articles from where you can know more details.

Full details about Bitcoin = https://time.com/nextadvisor/investing/cryptocurrency/what-is-bitcoin/
About supply and demand = https://river.com/learn/how-is-the-bitcoin-price-determined/
About halving = https://www.forbes.com/advisor/investing/cryptocurrency/bitcoin-halving/#:~:text=The%20Bitcoin%20halving%20is%20when,counteract%20inflation%20by%20maintaining%20scarcity.


Forgive me if i say something wrong. And tell me if you like it, Then I will try to come up with something better. Thanks for reading.

[tomos81]

The future of Bitcoin is certainly bright as the cryptocurrency is currently preferred in almost all countries. Because most of the work can be done online and in the shortest time, it is the most economical due to which Because now people are using virtual currency more and more due to which Bitcoin is the most demand at the present time. Bitcoin is being used by people in almost all countries.

[NdaMk]

From the road map of bitcoin and the success so far You will know it is destined for success. The first scary thing about bitcoin is its acceptance and that already is taken care of, because according to Binance, one Billion people use crypto worldwide. With bitcoin been the root of it, then we can all agree that the future is bright

[Sabbir Hossen]

The future of Bitcoin is certainly bright as the cryptocurrency is currently preferred in almost all countries. Because most of the work can be done online and in the shortest time, it is the most economical due to which Because now people are using virtual currency more and more due to which Bitcoin is the most demand at the present time. Bitcoin is being used by people in almost all countries.

Yes. But i saw many post on this forum that people are talking about the negative site of Bitcoin.

From the road map of bitcoin and the success so far You will know it is destined for success. The first scary thing about bitcoin is its acceptance and that already is taken care of, because according to Binance, one Billion people use crypto worldwide. With bitcoin been the root of it, then we can all agree that the future is bright

Right and i think we are not too late. There is no reason for people to panic about this. Investing on Bitcoin will worth it one day.

[m2017]

For me, the future of bitcoin seems completely unknown, although I see the advantages and possibilities of this technology. It seems that the days of the "wild west" in the field of cryptocurrencies will sooner or later come to an end. An example of this is the story with tornado cash. Therefore, it's certainly great to inspire new arrivals, but you also don't need to lose your head and be aware that any outcome is possible with bitcoin. Despite how much people would like this technology, it is not known how it will all end. It is important to consider the risks and not become a blind fanatic.

[GeorgeJohn]

Cryptocurrency generally is absolutely bright and especially bitcoin. Because since i know Bitcoin it has being passing towards many challenges i know from the government.so from my basic knowledge and understanding the only thing that will keep the future of bitcoin paint is government, but right nowhere some of the countries has accepted it.

[PSCQQSCQQP]

It's amazing to see how optimistic people can be with an online currency that is brand new.

Let's talk really quick about what the banks and governments are hoarding.
Hint: It's not bitcoin.

[BIT-BENDER]

Do we really need to talk about bitcoin future as a post, more that a ship loads of post like this has been made already. Regardless Bitcoin isn't how it was 4 years back and beyond, the topic on Bitcoin is far broad and I read that we would also be seeing more billboard showcasing more about Bitcoin.

Also I must stand to differ with your comparison on Bitcoin and Gold. Gold is a natural resource from the earth crust, and even the most experienced Gold miners can not determine the maximum supply or availability of Gold, but Bitcoin is fixed at 21 million. They also differ in their system of mining.

[PSCQQSCQQP]

Also I must stand to differ with your comparison on Bitcoin and Gold. Gold is a natural resource from the earth crust, and even the most experienced Gold miners can not determine the maximum supply or availability of Gold, but Bitcoin is fixed at 21 million. They also differ in their system of mining.

Wow... 21 million of a digital asset as you call it that's already suffered countless hacks, most of which people are completely unaware of. Exchanges, as well as the most experienced individuals having their digital currency stolen or seized by hackers and governments. Public ledger - I can see exactly where  vs. you not having any clue about where my precious metals are. 6000 years of a physical hard asset that you can actually hold when the lights go out that has lasted through every collapse known to the world, vs a 14 year old man made invention. And if history is any indicator of who's going to be correct, let time and experience show you yet again.

Lastly, you won't see anyone using bitcoin or any cryptocurrency for that matter unless computers, phones, mining equipment (which require those natural resources from the earth's crust) in order to work are used in that equipment, so in that aspect the precious metals are used constantly to supply you with computers, and ALL electronics equipment. Without gold & silver being used, you have no bitcoin - as simply put as I can explain. Those precious metals are what make your crypto-currencies possible. Pay attention to the bigger picture, and not just some narrow minded view because you want to see bitcoin move a certain way.

No Gold & Silver = no electronics = no bitcoin. So lets review whats more important here. Precious metals are limited, but what we do know is that they are constantly used and dumped and can never be re-mined. Which means those precious metals are gone forever. Opinion: I prefer to hold and feel something in my hand vs looking at on a computer screen, if my internet, power, or miners have problems good luck transacting.

Gold and silver are only formed when a star explodes, lets see a person try to replicate that. The universe determined that's what actual money is. The governments and banks know this, every situation in history the government always wins against their populations - so why wouldn't you do what they do? What do you see them hoarding and buying in record numbers now more than ever?

[bocyaj]

Bitcoin had survived more than 11 years.It’s not easy for the digital coin,to survive for this big years.From the beginning,when the price of bitcoin around 10$ .No one believe the bitcoin as the investment tool .Even they are not ready to accept the bitcoin as the assets to inverse their money like the stock market.

[PSCQQSCQQP]

Bitcoin had survived more than 11 years.It’s not easy for the digital coin,to survive for this big years.From the beginning,when the price of bitcoin around 10$ .No one believe the bitcoin as the investment tool .Even they are not ready to accept the bitcoin as the assets to inverse their money like the stock market.

How are those English and grammar lessons treating you?
Better than your insight into the direction crypto-currencies are heading. It's ponzi scheme. Try beating trading bots and miners, or how about those government regulations that are crippling the digital space... Have fun at the bottom of the pyramid where they will put you when all is said and done. Your wallets will be hacked and taken in the not too distant future. Mark my words. The NSA is going to take everything. You ever played musical chairs? This era we are heading into will teach you a potentially valuable lesson.

I'll be the guy telling you "I told you so". - Not fear mongering, I don't care if you have bitcoin... Keep it, sell it, doesn't matter to me. I'm not invested so I'm not biased like 99.99% of people posting here.

[Onyacin]

Bitcoin is improving it's position if we check its past history.It is now considered some how as a currency & it has an impact on economies but it is still not accepted as an official Currency in many countries except two or three countries.. In current senareio you can say its future is good. 

[Baofeng]

We've existed for more than 10 years already, also still fairly young, but it seems that the future is bright. Specially with how the world is turning, inflation and so people look for ways to hedge against it so bitcoin will be a good choice for us. Although the price  is like -70% from it's all time high, it can still bounce back in the next coming years. And then we haver government like El Salvador who put BTC as legal tender, so there is no stopping this revolution.

[kryptocanon]

Bitcoin is the future and no matter bad name is published about it, it would continue to grow more, as the whole universe is revolving and technology holds the keys to it.

[LegendaryK]

# When Satoshi Nakamoto created Bitcoin

And the unanswered question,

Is why did Satoshi desert bitcoin?

Did he realized it contained a fatal PoW flaw and choose to leave without informing the community.  

[PSCQQSCQQP]

# When Satoshi Nakamoto created Bitcoin

And the unanswered question,

Is why did Satoshi desert bitcoin?

Did he realized it contained a fatal PoW flaw and choose to leave without informing the community.  

Finally someone here that's actually critically thinking without the cult mentality. You are 100% correct. The mentality here is "I'm going to ride it up, then sell to someone at a higher price than I paid"... Let's see how well crypto's age vs inflation, hacks, unknown exploits to the general public, the NSA's involvement in bitcoin - already reverse engineered, people think their online funds are safe, sad mistake that the herd will soon realize - if you don't hold it, you don't own it!... Some people are about to learn a hard lesson in economics. If bitcoin is worth $1 trillion each, lets see the look on peoples' faces when a loaf of bread is $20 trillion...

All I see here is the FOMO mentality, possibly from poor bastards that lost everything in their pension and/or stocks and are $1 away from committing suicide.

The only REAL MONEY is outlined in our constitution - Article 1 Section 10. Pretty sure it doesn't say bitcoin or cryptocurrency, so to the advocates, good luck re-writing history!

https://ibb.co/dLSX52r

[boris singer]

Actually, whether it's bright or not, we still can't know for sure something like that, but when you look at their movement from the start until now, it's clear that there is a big chance for bright to happen, especially with the longer the fans are getting more and more then this clearly adds to their strength. be brighter in the future.

[topman21]

Certainly the future of Bitcoin is bright. We can see the future of Bitcoin by looking at its past.But it doesn't take much time for Bitcoin to get into a good position as Bitcoin will set a new all-time high within a very short period of time.Many believe that Bitcoin will be in the $100k range between 2023 and 24.But that day is not too late and I look forward to seeing these days very soon.But those who are ready to invest in Bitcoin can do so soon.Because surely Bitcoin will set new records very soon.

[Rigon]

Yes it is definitely true that the future of Bitcoin is very bright. Today people all over the world are now working in Bitcoin. Of course, the way this cryptocurrency is going to gain popularity all over the world now Bitcoin's future looks brighter and brighter.Now people are donating the most important time in this Bitcoin.We can see for ourselves in a very short time but billions of dollars in Bitcoin transactions.Due to convenience and time people are now giving more importance to this virtual currency.So we can easily tell and see very soon full of brightness.

[tomos81]

Bitcoin is a virtual currency that is completely different from other currencies. This Bitcoin is used in almost all countries of the world.Because day by day people are trying to modernize and are more inclined towards crypto currency. Bitcoin Spread like a net all over the world. Its usage is gradually increasing. And its future is much better.