What's the future of digital currencies?

[Xal0lex]

Digital currencies have gone down a lot in a span of few days. Between 2020 and 2021, the market for digital currencies was also very good. But since 2022, the market of digital currencies has been going down continuously. Every investor has suffered huge losses by investing in digital currencies. However, many have analyzed the market and by analyzing the market they have said that the market of digital currencies will be strengthened a lot from the end of 2023 to the middle of 2024. If their figures are true, I think digital currencies will be in a much better position in the coming years. To those who invested in digital currencies, I would like to say that if you wait until 2024, maybe something good is waiting for you.

They have fallen in price over the last year, nothing serious happened in the last few days. The bear market is doing its job, who will survive this period, will get good profits in the future, and who will not, will count losses and catch FOMO. Now a lot of people are saying that everything will start to rise soon and I don't like it very much, because the market very often likes to move against the expectations of the majority.

[Abiky]

Cryptocurrency technology hasn't even reached 10% of its potential in the global community, and you're already thinking about something new and breakthrough. It's like buying a new phone and dreaming the next day about an even newer phone before you've even tried it. The only breakthrough, in quotes, is CBDC, which wants to completely centralize digital payments and kill cryptocurrencies with their complete substitution. Is that the kind of breakthrough technology you're waiting for?

That's certainly true, mate. Crypto/Blockchain tech is just getting started, so it's going to take quite some time before something new and revolutionary replaces it completely. I still think Quantum Computers will improve the performance and cost-efficiency of existing blockchain networks. But it would be just an improvement to an existing tech. Nothing completely new from scratch that will blow your mind.

The world is struggling to recover from the negative effects of the COVID-19 pandemic and the Russo-Ukraine war, so we can't expect any advancements in technology until the tide is over. Who knows what the future holds for crypto/Blockchain tech? Just my opinion

[RealMalatesta]

Cryptocurrency technology hasn't even reached 10% of its potential in the global community, and you're already thinking about something new and breakthrough. It's like buying a new phone and dreaming the next day about an even newer phone before you've even tried it. The only breakthrough, in quotes, is CBDC, which wants to completely centralize digital payments and kill cryptocurrencies with their complete substitution. Is that the kind of breakthrough technology you're waiting for?

That's certainly true, mate. Crypto/Blockchain tech is just getting started, so it's going to take quite some time before something new and revolutionary replaces it completely. I still think Quantum Computers will improve the performance and cost-efficiency of existing blockchain networks. But it would be just an improvement to an existing tech. Nothing completely new from scratch that will blow your mind.

The world is struggling to recover from the negative effects of the COVID-19 pandemic and the Russo-Ukraine war, so we can't expect any advancements in technology until the tide is over. Who knows what the future holds for crypto/Blockchain tech? Just my opinion

I think it will take time but it will happen, and that's the scary thing about crypto, in fact the only thing that I worry about. Bitcoin and crypto could be new, but when the time comes, maybe in 10 years, maybe in 50 years, but when the time comes something will replace it.

If we trust all of our investments into crypto then when that happens and something better comes out, then we are going to end up with a limited amount of chance to survive in the crypto market. Many people will leave this market and go to that new market and that will crash the prices which would be hard. So all in all, it's better to follow the market movements and where people move to.

[Valeriary]

The innovation of future technology will definitely provide the foundation for the development of digital currency. It can be said that Bitcoin is a successful digital currency. However, there are many "scams" in the encrypted market, which consume people's patience again and again, and many people leave the encrypted currency market. Many countries have now begun to try to develop and use digital currencies.

[Xal0lex]

Cryptocurrency technology hasn't even reached 10% of its potential in the global community, and you're already thinking about something new and breakthrough. It's like buying a new phone and dreaming the next day about an even newer phone before you've even tried it. The only breakthrough, in quotes, is CBDC, which wants to completely centralize digital payments and kill cryptocurrencies with their complete substitution. Is that the kind of breakthrough technology you're waiting for?

That's certainly true, mate. Crypto/Blockchain tech is just getting started, so it's going to take quite some time before something new and revolutionary replaces it completely. I still think Quantum Computers will improve the performance and cost-efficiency of existing blockchain networks. But it would be just an improvement to an existing tech. Nothing completely new from scratch that will blow your mind.

The world is struggling to recover from the negative effects of the COVID-19 pandemic and the Russo-Ukraine war, so we can't expect any advancements in technology until the tide is over. Who knows what the future holds for crypto/Blockchain tech? Just my opinion

Even if these negative events stop, no revolutionary projects are likely to emerge. Let us remember the history of cryptocurrency creation, not from the launch of the first blockchain, but from the inception of the idea itself.  Almost half a century passed between the first thoughts and the first product, technological projects like cryptocurrencies are born for a very long time, decades. And it will take another decade before this technology is fully adopted around the world and available to everyone.

[klidex]

I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.

There has been a lot of amazing development with blockchain and cryptocurrencies in general in the past decade. But I wonder if there's anyone working on other ideas or technologies that could also be promising. I'm not talking about altcoins. I mean real breakthrough ideas, similar to what happened when Bitcoin was originally introduced. It would be really exciting to witness the birth of something completely new in the next years/decades. I'm sure we have other brilliant "Satoshis" out there.

I'd love to learn more about cool projects and concepts that could be the evolution of blockchain (again, not altcoins please  )

It is unlikely that there will ever be a real breakthrough that promises a new blockchain and cryptocurrency that can be similar to or even surpass Bitcoin.
However Bitcoin will remain the number 1 cryptocurrency in the world and become the head of all crypto digital currencies.
We can see as an example with ETH being one of the most popular cryptos and having a good blockchain behind it still can't match or surpass Bitcoin.
I think the idea you said will never materialize or even be impossible to achieve.

[Schneidera]

I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.

There has been a lot of amazing development with blockchain and cryptocurrencies in general in the past decade. But I wonder if there's anyone working on other ideas or technologies that could also be promising. I'm not talking about altcoins. I mean real breakthrough ideas, similar to what happened when Bitcoin was originally introduced. It would be really exciting to witness the birth of something completely new in the next years/decades. I'm sure we have other brilliant "Satoshis" out there.

I'd love to learn more about cool projects and concepts that could be the evolution of blockchain (again, not altcoins please  )

The future of digital currency must be bright. Bitcoin was born in the economic crisis, so the future of digital currency is a world currency that maintains the stability of economic order. Of course, this will also be a long process, from the initial virtual economic bubble and Ponzi scheme to gradually more and more users participating and using it. Then many countries and governments can also accept digital currency, show a more friendly attitude towards Bitcoin, and even use it as legal tender. In the future, digital currency will be accepted by more countries, and of course it will be more strictly regulated. Ultimately the future belongs to digital currencies.

[Abiky]

Even if these negative events stop, no revolutionary projects are likely to emerge. Let us remember the history of cryptocurrency creation, not from the launch of the first blockchain, but from the inception of the idea itself.  Almost half a century passed between the first thoughts and the first product, technological projects like cryptocurrencies are born for a very long time, decades. And it will take another decade before this technology is fully adopted around the world and available to everyone.

Exactly. It's going to be a long time before we see any major breakthrough in technology that will "blow" crypto/Blockchain tech out of the sky. The pandemic (and now the Russo-Ukraine war) have set us back for a few years. Progress cannot be achieved quickly as it used back then. What the future holds for our society, is a mystery. But I'm pretty sure crypto will be replaced by a better technology in the distant future. Neither you or I will be alive by the time that happens, but probably our grandchildren will.

Let us enjoy what we have now, while it lasts. As long as we're able to enjoy the benefits of decentralization, there should be nothing to worry about. Just my thoughts

[Rengga Jati]

I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.

Technological evolution will continue to grow. But cryptocurrencies, especially Bitcoin, have their own special place because of the various benefits they get. Bitcoin is becoming a product of technological developments that is increasingly accepted in the world and has gone through a lot over the years.

Even though one day there might be a technological evolution that might be more sophisticated, however, it's not certain that the essence, benefits, and usage can be like or more than Bitcoin. So it's better to focus on this more certain thing first. But that doesn't mean we close ourselves to other technologies. Because after all, we can see the pluses and minuses and how to use them. After all, the cryptocurrency world is always evolving too, right?

[Bananington]

I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.

Many things are going digital already, and it is slowly becoming a preference for people when options are presented.  This is an indication and sign that the future of digital currencies is good and will be much bigger than it is now. Digital currencies came just at the right time just at the birth of the advancement in technology to the digital environment, so as technology in the digital sector advances more, digital currencies will grow and have more uses and will be better accepted.