The future of Bitcoin

[South Park]

Hello all,my friends. I think it's time to hear the opinion of the whole forum on this topic. Look what way bitcoin has gone from the beginning of its creation and to the present time. It has gone through everything: the fall, the rise, the hype, the huge theft, disappearing exchanges. But it still holds on and lives. And it holds on you and me as well. And it will live on.
I started reading this forum, when I was a student, and I read Satoshi's last post, but I decided to invest only some years later.
It's a great tool that gives you freedom, and everybody needs it.
But lately they little by little deprive us of this freedom, introducing passport photo, face and whatever else they want at registration on exchanges.
In my opinion, this contradicts all the principles that Satoshi promoted.
Bitcoin should be a tool of freedom and no state should control it.
They want to tax it and they want to control everything and they won't allow money to flow out of their economy.
It pains me that this is coming, but no one can do anything about it.
So I want to ask your opinion.

What do you think will be the fate of bitcoin in the future?

Bitcoin is still free, the ones that are being forced to do all of those changes are exchanges, and if you do not agree with the way they do things then the solution is obvious you need to stay away from all exchanges which have decided to compromise with the governments and ask for that information, you can still buy bitcoin without going through KYC policies but you will need to pay a premium for the privilege or you could just do some jobs online and get bitcoin in return.

[serjent05]

What do you think will be the fate of bitcoin in the future?

Looking at the current adoption of Brazil to bitcoin as a mode of payment, I think more and more countries will recognize it as an alternative mode of payment.  There may be some issues on accepting it as legal tender but I think we can settle on Bitcoin as an alternative payment.  Regulation on the centralized companies that take advantage of Bitcoin may be tightened and the taxation on profit from Bitcoin will be implemented as well.  The government will be divided into those who accept Bitcoin and those who banned it but eventually, I believe people around the world will acknowledge Bitcoin in its usage as currency and will long for its frictionless transfers that do not require any help from the financial institutions.

[KennyR]

The innovation came from Satoshi as a way to eliminate the third parties who eat up huge volume. With the existence of bitcoin, the intermediaries got removed. Now the centralised exchanges have took over the place. At times this looks like a harm and at times it stands supportive.

With majority of the people there is a common thinking, bitcoin is a form of investment from Satoshi. This isn't the truth, it is developed to be a currency that fulfill the requirements that aren't available with the traditional fiat. So, when we think it as a currency at some point there is need of government support to get positioned.

[Yatsan]

As someone who wants to invest in crypto or bitcoin, you may choose whether to buy bitcoin on a centralized or decentralized exchange. It's about how you can accept everything that's going on, including the government's control over exchanges and how you can find comfort in buying those bitcoins.

The government is indeed trying to impose taxes on exchanges because crypto has now become a business that has the potential to get big profits. Hence, this attracts the government's attention to get taxes from the crypto sector on exchange exchanges. This will continue but we also have a decentralized exchange that doesn't need our data to buy bitcoin so we can use it freely.

Taxation is all that they are aiming of eversince this technology became popular. It even made an impression to non-crypto users as an easy way to get rich, which I think, made it no longer surprising for government's attention to eye on this growing industry. But at the present, they don't have that much power to control everything and this is because of the decentralized nature of cryptocurrencies. In the future, I think regulation is possible in this technology for Bitcoin and for other cryptocurrencies in order for it to be considered as an offical alternative mode of payment. If that will happen, I think its edge as an asset will decrease because demand won't be as high as the present or past, if it will be more accessible to the public masses. But that's the goal of cryptocurrencies which is to be used on daily transactions so it is quite a win-win.

[sulendra12]

What do you think will be the fate of bitcoin in the future?

Bitcoin as the crypto? I don't think that will change, it will still be no. 1 of crypto with the technology and stuff with many events to cover such as next halving in 2024 and other stuff.
But, centralized exchanges using Bitcoin? There will be more of them in the future! More exchanges require you to send your photo and identity to them, so they can use it for their personal benefit and actually need your information in order to fully-used the platform. They feel like it's not a threat, so more exchanges will come with this idea.

It's also some of the countries need it because of the law agreement with the exchange to run at that country, this aspect though we can't do much about it. If it's more adoptions but with limitation then is it good for us?

[mendace]

Hello all,my friends. I think it's time to hear the opinion of the whole forum on this topic. Look what way bitcoin has gone from the beginning of its creation and to the present time. It has gone through everything: the fall, the rise, the hype, the huge theft, disappearing exchanges. But it still holds on and lives. And it holds on you and me as well. And it will live on.
I started reading this forum, when I was a student, and I read Satoshi's last post, but I decided to invest only some years later.
It's a great tool that gives you freedom, and everybody needs it.
But lately they little by little deprive us of this freedom, introducing passport photo, face and whatever else they want at registration on exchanges.
In my opinion, this contradicts all the principles that Satoshi promoted.
Bitcoin should be a tool of freedom and no state should control it.
They want to tax it and they want to control everything and they won't allow money to flow out of their economy.
It pains me that this is coming, but no one can do anything about it.
So I want to ask your opinion.

What do you think will be the fate of bitcoin in the future?

It is not easy to give an answer of what Bitcoin will be but I can say with certainty that I am not worried about taxation because it was born for this to fight governments.  And I don't even worry about my documents because over time I have learned that there are not only centralized ones but there are other valid solutions, all free kyc.  So I don't expect anything from Bitcoin just to continue exactly what it's doing now.

[worle1bm]

The principle is about freedom, which means in order to acquire bitcoin or use bitcoin in any way you don't have to use centralized services including exchanges but you are free to use them or use bitcoin in any centralized manner if you choose.

People completely ignore the decentralisation concept of bitcoin by using these exchanges because for them freedom of funds is just to get away from banks but you are again contradicting with exchange as they also put restrictions on you so you are not getting the desired freedom.The best is to keep your funds in your custody without any of these exchange inclusion which will keep you safe.

[michellee]

As someone who wants to invest in crypto or bitcoin, you may choose whether to buy bitcoin on a centralized or decentralized exchange. It's about how you can accept everything that's going on, including the government's control over exchanges and how you can find comfort in buying those bitcoins.

The government is indeed trying to impose taxes on exchanges because crypto has now become a business that has the potential to get big profits. Hence, this attracts the government's attention to get taxes from the crypto sector on exchange exchanges. This will continue but we also have a decentralized exchange that doesn't need our data to buy bitcoin so we can use it freely.

Taxation is all that they are aiming of eversince this technology became popular. It even made an impression to non-crypto users as an easy way to get rich, which I think, made it no longer surprising for government's attention to eye on this growing industry. But at the present, they don't have that much power to control everything and this is because of the decentralized nature of cryptocurrencies. In the future, I think regulation is possible in this technology for Bitcoin and for other cryptocurrencies in order for it to be considered as an offical alternative mode of payment. If that will happen, I think its edge as an asset will decrease because demand won't be as high as the present or past, if it will be more accessible to the public masses. But that's the goal of cryptocurrencies which is to be used on daily transactions so it is quite a win-win.

That's because the crypto business has become popular and many crypto companies have already benefited, so the government intends to withdraw taxation from this crypto business. And maybe even in the future, we as crypto users are also required to report to the government so they can also tax crypto users. I can't imagine what will happen if the governments of all countries try to apply this to crypto users because they will be forced to disclose all their wealth to the government.

[lovesmayfamilis]

There's no doubt that the future of bitcoin is great but with the intervention of companies, exchanges, and the government, they're doing things that are against the principle of bitcoin.
We can't do anything with that but hopefully, someday, we won't be relying on these exchanges to have our bitcoins exchanged into another currency that we have. Without having the need to comply with the KYC and stuff. Because that's what we don't like with these exchanges.

You are free to do so today. Bitcoin does not force you to register on centralized exchanges; you can also still live by the principles that Satoshi preached. Use P2P exchanges and decentralized exchanges. People themselves, yielding to regulators, create more barriers to widespread adoption. We simply go along with those who want to spy on us, interfere, and dictate their terms.

[posi]

As someone who wants to invest in crypto or bitcoin, you may choose whether to buy bitcoin on a centralized or decentralized exchange. It's about how you can accept everything that's going on, including the government's control over exchanges and how you can find comfort in buying those bitcoins.

The government is indeed trying to impose taxes on exchanges because crypto has now become a business that has the potential to get big profits. Hence, this attracts the government's attention to get taxes from the crypto sector on exchange exchanges. This will continue but we also have a decentralized exchange that doesn't need our data to buy bitcoin so we can use it freely.

Taxation is all that they are aiming of eversince this technology became popular. It even made an impression to non-crypto users as an easy way to get rich, which I think, made it no longer surprising for government's attention to eye on this growing industry. But at the present, they don't have that much power to control everything and this is because of the decentralized nature of cryptocurrencies. In the future, I think regulation is possible in this technology for Bitcoin and for other cryptocurrencies in order for it to be considered as an offical alternative mode of payment. If that will happen, I think its edge as an asset will decrease because demand won't be as high as the present or past, if it will be more accessible to the public masses. But that's the goal of cryptocurrencies which is to be used on daily transactions so it is quite a win-win.

Yes, you are correct, the government tried everything to ban bitcoins, but it seems that it failed and they now want to impose taxes more than they want to ban it, tax is something they crave because they have missed out for years.
Regulations for bitcoin and the market are a certainty, no longer a prediction. I believe the recent incidents are intentional and pre-planned, so that the government has a good reason to intervene in the market. One arrow hits two targets, both taxing and controlling us.

[aylabadia05]

Do not use a wallet from an exchange to store Bitcoins because it will not provide the security we expect. Use a wallet to store Bitcoins like Trezor. Most exchanges require our identity such as a passport or often called KYC. That's why your freedom feels deprived.
Using storage tools like Trezor or others costs a few Dollars, but I don't think it's much if security is more assured.

What do you think will be the fate of bitcoin in the future?

The future of Bitcoin will be as bright as the morning sun in shining on the world  

[ilovealtcoins]

If you are not comfy with a centralized exchange, feel free to use DEX. That's what many people say too.

Using a DEX can help you hide your identity, but it's not completely secure, so be careful with a DEX, never trust anyone too much.

Everyone is loud blaming regulation, government and centralized exchange instead of blaming themselves. Didn't they themselves decide to get involved with all centralized things?

Exactly, people will usually blame anyone when they lose money on an investment. They often don't take their share of the blame but they forget that no one is forcing them to put money into those exchanges.

[kryptqnick]

The KYC obligation regardless of the sums a person is dealing with is something I find unfair because people can often exchange fiat currencies to a certain point without KYC, and I feel like the legislation should not make it tougher for Bitcoin than for fiat cash. As for taxes, they depend on a country and its legislation heavily, and it is something people should try advocating for relaxing in their countries if the taxes there are unfair.
I think Bitcoin's future is largely as an investment option but also somewhat as a payment method, and it is the future of regulations, but we can try ensuring that the regulations are fair and mild.

[Stalker22]

What do you think will be the fate of bitcoin in the future?

What will be the fate of Bitcoin? Well, as someone already said, Bitcon will be Bitcoin.
We do not know what people will do with Bitcoin and frankly, no one is going to know until we start seeing adoption among the masses - if we see large scale adoption in the long term.

Ultimately the decision to utilize Bitcoin lies in the users hands. If you want to transfer money from a country that restricts your finances, you may need to avoid traditional banks and any other third party services. Bitcoin is not just a valid form of currency, it is also a system that can protect your privacy as well. Although governments may want to control it, they cannot. At least not completely. They can control centralized services, but Bitcoin is designed as a Peer-to-Peer cash system and does not depend on centralized services.

[BitcoinPanther]

This may sound harsh, but it is true, CEX is much more convenient than DEX and the market would be tough to develop without CEX. It can be said that CEX provides all the necessary services and utilities so that we can use them conveniently and also make a profit in this market. Most newbies will look to CEX instead of DEX, DEX for them is pretty complicated and not user-friendly as well as transaction fees are very high and this is what investors complain about the most. We can only hope that the DEX will improve and upgrade in the future to provide us with better options soon.

It is true that centralized crypto exchanges and services had help alot in promoting Bitcoin, but I do not think that DEX is not convenient to use. DEX can save you the trouble of filling up forms for registration, also saves us from trouble of lots of authentications.  It is not convenient to people who are used to centralized exchanges but to those who are using it, it is more than a breeze because we are able to control almost everything while trading.  Sadly, despite of these advantages of DEX, CEX is still occupy the largest pie on user data. Which I think will continue to flourish even with these LUNA and FTX fiasco repeats to happen.

[irhact]

It's a great tool that gives you freedom, and everybody needs it.
But lately they little by little deprive us of this freedom, introducing passport photo, face and whatever else they want at registration on exchanges.
In my opinion, this contradicts all the principles that Satoshi promoted.
Bitcoin should be a tool of freedom and no state should control it.
They want to tax it and they want to control everything and they won't allow money to flow out of their economy.
It pains me that this is coming, but no one can do anything about it.
So I want to ask your opinion.

The government can try all they want but they won't succeed in controlling Bitcoin, they can only discredit Bitcoin now but soon when the adoption rate has increased and people get to know more about Bitcoin then they'll realized that all the government were saying are all false. Bitcoin is freedom and anything that has to do with freedom get fully achieve over time. The adoption of Bitcoin as a global currency is what I see as the future of Bitcoin.

With the recent news of adoption by some big brand names, it's only a matter of time before we achieve full adoption as it was meant to be. At the moment lets just enjoy discussing about the future and price speculations while we wait on time to do its thing. 10 years back, nobody who had predicted Bitcoin to get to this level we're currently and In the future same surprised will be felt.

[lalabotax]

Hello all,my friends. I think it's time to hear the opinion of the whole forum on this topic. Look what way bitcoin has gone from the beginning of its creation and to the present time. It has gone through everything: the fall, the rise, the hype, the huge theft, disappearing exchanges. But it still holds on and lives. And it holds on you and me as well. And it will live on.

There is nothing to worry about and think about anymore, Bitcoin will continue to have a better future, be more accepted by society, provide more opportunities, and hopefully be more acceptable in various countries. Bitcoin's value itself is clear, and very worthy, especially as a long-term investment asset. In fact, FUD might be able to make Bitcoin crash, but it will not be able to kill Bitcoin

However, we have seen some countries and companies have mass adoption of Bitcoin itself. We can see the progress so far is so good although there is also increasing FUD. But, look at how the market flows. Everytime the bearish era ended, there will be Bitcoin halving and turned it to the bullish era in which Bitconin price will be skyrocketing again.

[KingsDen]

What do you think will be the fate of bitcoin in the future?

Bitcoin would have had some problems at the first or second year of introduction but for it to escape that very tender age and exist for more than 10 years, it means there is nothing that will happen to bitcoin. Bitcoin is totally in the hands of everyone. That is to say bitcoin is 100-percent decentralized and the decentralization of Bitcoin is the highest amour it has to fight its enemies.

For the fact that no two humans can easily agree, group of 100 cannot agree easily, countries cannot agree easily, tribes and races cannot agree easily on one thing. That is the reason why bitcoin will exist and continue to outsmart its enemies. When one person is fighting against bitcoin, thr other person is supporting it. When one group fights to bring bitcoin down, another group of vows to make it blossom. When one government is banning bitcoin another government is adopting it.
With this imbalance in humanity and humanity desire for freedom, bitcoin has a great future.

[MoonOfLife]

I believe people around the world will acknowledge Bitcoin in its usage as currency and will long for its frictionless transfers that do not require any help from the financial institutions.

Bitcoin is still a volatile asset even though countries like el Salvador or brazil have accepted bitcoin as a legal payment method or as an official means of payment but in general people still don't use bitcoin for daily payment, they still consider bitcoin as more of an investment. I don't think people will use bitcoin as currency, bitcoin is still more suitable as an investment. No one wants to sell or use their bitcoins because they see the future of bitcoin as very bright.

[Popkon6]

I believe people around the world will acknowledge Bitcoin in its usage as currency and will long for its frictionless transfers that do not require any help from the financial institutions.

Bitcoin is still a volatile asset even though countries like el Salvador or brazil have accepted bitcoin as a legal payment method or as an official means of payment but in general people still don't use bitcoin for daily payment, they still consider bitcoin as more of an investment. I don't think people will use bitcoin as currency, bitcoin is still more suitable as an investment. No one wants to sell or use their bitcoins because they see the future of bitcoin as very bright.

Bitcoin is legally valid in El Salvador.  But the people of El Salvador could never accept it because their tax numbers were too high.  And out of 100% people 87% are not in favor of people Bitcoin and rest 13% people are in favor of coin.  Because the government of that country is in favor of Bitcoin, but the number of taxes and VAT is very high, due to which the majority of the population of El Salvador is not in favor of Bitcoin.