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Author Topic: What will Bitcoin look like in the future?  (Read 1148 times)
batang_bitcoin
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June 17, 2024, 09:17:19 PM
 #81

What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?
Into global adoption and we're already there but not yet maxed.

Will it make everyone free?
Free from the control of the authorities and your wealth is in your hands.

Will it be regulated and become government controlled?
Sort of, but this is mainly to the businesses that are into Bitcoin like the centralized exchanges.

All normal and crazy theories please  Grin
I guess the most common is that it's gonna be dead and in fact, it's been dead for gazillion times.

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June 18, 2024, 01:07:25 AM
 #82

What is the future of Bitcoin?
I believe the future of bitcoin is already bright, but the problem I fear is transaction fee. Because after so many halving, it will make bitcoin more scarse and the transaction fee keeps on increasing making it almost impossible or difficult for the Common man to transact freely  so the transaction fee is becoming more expensive than usual.I fear that very soon sending $10 to a wallet may lost forever because the minimum to recieve in a wallet may be $15 or even $20.

We know where it was in 2009, where it is now (2024), but where is it going?
Bitcoin is, and will continue to be a great Digital asset and a store of value that everyone will wished to have owned, expecially those that didn't invest earlier or those that was doubting alot about it.

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please  Grin
Bitcoin can not make everyone free. Bitcoin is not a free money rather an asset that appreciate in value in due time . So surely you must Invest and HODl for a longer period of time before expecting something tangible.

Secondly government can not control bitcoin because it's a decentralized system which implies that it is not controle by any public entity but by the nodes on the blockchain. each transaction is recorded and duplicated in the public leger among the nodes so this makes it impossible for any transaction to be tampered.

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June 18, 2024, 08:12:38 AM
 #83

The OP makes one post to create this thread on 11th June 2024 and then abandoned it because they did not receive any merits. This is now the 83rd post in this thread yet the OP has made a grand total of just one post.

Instead of calling out the OP for most probably being part of an account farming set-up, most members posting in this thread are just after ways to make enough posts for their signature campaigns.

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June 18, 2024, 09:14:26 AM
 #84

What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please  Grin

Just like what you have said, considering how Bitcoin started and how far they have gone now is already obvious that the future will be surprising for everyone because there would be a lot of positive good things about Bitcoin and however is very certain that in as much as most people are finding it very difficult to venture into Bitcoin now but as future approaches that's how people are learning and understanding the importance of investing on Bitcoin, so actually is very obvious that as time goes by that's how people will be coming in which will also attract the government to try every means if they can be able regulate or have control over Bitcoin but for me I don't think it will be possible for the government to achieve that.

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June 18, 2024, 09:40:23 AM
 #85

In answer to what is the future of bitcoin, I will give you a simple example and through a small example you will understand what the future of bitcoin actually is. Mark the popularity of bitcoin five years ago, what was the market price of bitcoin, and mark that what is the popularity of bitcoin today and what is the price of bitcoin today. 

After identifying these two things you try to find the difference between 5 years from now and the current time. Hopefully you won't have to work too hard to find the difference in Bitcoin in these five years. The popularity of Bitcoin has increased from what it was five years ago. Many multinational companies are currently supporting Bitcoin but this is a huge achievement for Bitcoin. The value of Bitcoin has changed a lot along with its popularity and if we consider the popularity and value of Bitcoin in the next five years from the present time then surely the popularity and value of Bitcoin will increase in five years from now. 

I hope I have given you a fair idea of what the future of Bitcoin might look like.

HajiBagi
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June 18, 2024, 10:59:43 AM
 #86

What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please  Grin
for 15 years of bitcoin existence it has been a big help for many people , from those who trust and support this like me and my family and friends
so with all of those? personally? i really don't care what will bitcoin looks in the future because what I wanna enjoy is what I am having now and in the coming years.
if this will continue to progress for my second and third generation then that is something very best but what I have gained and gather from those years of being here? i believe it is something i must be thankful for bitcoin and its creator.

Yeah, A big thanks to bitcoin and its creator, bitcoin has saved many lives today because it has made people from zero to heroes since, I was born I have never seen any type of investment that is more legit than Bitcoin, although there are many cryptocurrencies but bitcoin is the best and no any investment can compete with it, we all don’t know how the bitcoin will be in future but with the way bitcoin has changed the world and it’s improving I’m very confident that bitcoin is going to be a good thing in future and it will help the next generation to come, I have never doubt anything about bitcoin because it’s a good and understanding cryptocurrency that you have to study how it is and you can decide if you can invest in it or not, I don’t know about other people but for me, my children must learn about cryptocurrency most especially about bitcoin because no one knows tomorrow and they won't depend on me all the time, there are many graduates that haven’t be employed since they graduated.

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Aunt Lydia (OP)
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June 18, 2024, 01:04:02 PM
 #87

More countries will adopt it, specially the ones focused on individual freedom, and seeing where the world is going... something really cyberpunkish.

Which countries are currently focussed on Individual Freedom? It seems like the whole world is moving more and more towards authoritarian governments...
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June 18, 2024, 01:20:09 PM
 #88

The future of Bitcoin is Uncle Lydia?

What is the future of Bitcoin?

As I stated in a different thread, when newbie accounts do not post like a newbie, the chances are they are newly registered accounts operated by a seasoned forum member. Usually they would be part of an account farm for the sole purpose of building them in rank with a view to being enrolled in signature campaigns but sometimes it can be to infiltrate DT for nefarious purposes.

The reality is there are some signs that newbies display that point to alt-accounts and account farms. Your posting shows some of the same traits.


LOL wut? I'm a newbie to THIS FORUM, not a newbie to Crypto. And I am your Aunt Lydia.

I am trying to write some content about Bitcoin and wanted to get the Bitcoin maxies' opinions on its future. So far, the future of Bitcoin sounds quite depressing and terrifying. I've been watching some Whitney Webb interviews on the subject and it's quite depressing to be honest....  Sad
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June 18, 2024, 01:29:18 PM
 #89

The OP makes one post to create this thread on 11th June 2024 and then abandoned it because they did not receive any merits. This is now the 83rd post in this thread yet the OP has made a grand total of just one post.

Instead of calling out the OP for most probably being part of an account farming set-up, most members posting in this thread are just after ways to make enough posts for their signature campaigns.

WUT?
I was busy with other work, and needed you guys to talk a little bit. I don't know what an account farm is, but I was "idea farming" from my post:

So far, your opinions about the future of Bitcoin is the same as what I thought. Not so bright, but only if we know what we're doing.

Like I said, Whitney Webb and Edward Snowden say some scary stuff about the possible future of Bitcoin, mostly about loss of privacy (and thus, indirect government control and surveillance).
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June 18, 2024, 02:09:20 PM
 #90

Like I said, Whitney Webb and Edward Snowden say some scary stuff about the possible future of Bitcoin, mostly about loss of privacy (and thus, indirect government control and surveillance).
the possibility of the future may or may not happen. so for now just enjoy your life with the Bitcoins you have (if you have them).
actually, there is no need to be afraid of anything that will happen in the future. the reality is that currently, many people are benefiting from Bitcoin. Its users are increasing and its popularity is increasing. Maybe some beginners are afraid it will make them panic. and that's what frustrates many novice investors.


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June 18, 2024, 02:26:25 PM
 #91

We are slightly having an insight what does the Bitcoin brings to us, let's say people and government are now slowly adopting the use of it even in stores right now we are seeing they are accepting the use of the Bitcoin or other coins, it helps now to create a web3 projects that's more giving option to the users, also people now more with the market trades and additional on it is the side hustle of different projects that brings us extra income like nft, trades, investments, and etc.
If Bitcoin will become widely acceptable I guess it's hits different to the economy.

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June 18, 2024, 06:18:05 PM
 #92

Although the government are plotting how they can regulate Bitcoin, but I don't think they archive it, and since they cannot archive it, they will end up regulating Bitcoin users and the platforms that facilitate the use of Bitcoin for some people in other parts of the world. The centralized exchange is being regulated, and they compel customers to do KYC verification, which is a means by which they can identify any Bitcoin users and their transactions if they need to. So, the government can only regulate exchanges and tell Bitcoin users that they know their identities, but it cannot fully control the block chain.

In the future, the price of Bitcoin will continue to grow, and people will continue to buy and store Bitcoin because it's a store of value. More businesses will also start accepting Bitcoin as a payment method.
Bitcoin and cryptocurrencies are still banned in many countries like our country but I feel that shortly given the increasing importance and utility of Bitcoin the government will have to legalize it not only legalize it but it will also be an effective step for the development of the countries if Bitcoin is traded and used in various things at the government level.

I see a lot of people looking at Bitcoin not only for trading but also as a future investment and people's confidence in Bitcoin is increasing day by day. Bitcoin is developing day by day and its fans are increasing in such a situation if the governments remove the ban on it, people's businesses will increase and the country's economy will get more support.

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June 18, 2024, 06:58:31 PM
 #93

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please  Grin
It is very difficult to predict the long term future, as for freedom, BTC is obviously a currency that is free of direct government control, and it is going to always be that way. However, government regulation is increasing rapidly and there is an obvious attack against privacy solutions, the government wants to know what you do with your BTC's and how and where you spend it, so i expect regulations to get worst in the future and i notice people do not care, even with etf's and all, they just want BTC price to pump without minding how far government interference gets.

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Cookdata
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June 18, 2024, 08:42:34 PM
 #94

What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please  Grin

To make my answer short, I don't know. When you don't know the next move of Bitcoin, it makes it more fun but if I'm to make a predictive call with what has happened in the past, Bitcoin will grow with new price discovery exceeding the previous all time high, technically it will gain more adoption like the way ETFs are pushing to own Bitcoin directly and indirectly and it will become even more scarce as Bitcoin halving will make the remaining supply more shrink.

I'm not sure about freedom because not everyone will be free, not everyone will ever accept that Bitcoin is useful, they don't care if it goes up or down, there believe remain the same and this is why Bitcoin will not be used by everyone.

Tight regulations will ensue later because it's seems that's what the government are trying to do as institutional investors are now seeing it as the next big investments to their portfolios but can't be controlled because regulation is subjective to countries, not all countries will want to regulate nor adopt.

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June 19, 2024, 08:11:11 AM
Last edit: June 19, 2024, 08:27:23 AM by Luizwalter Crypt
 #95

What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please  Grin

judging from when Bitcoin was launched way back in Jan,3rd 2009 till date 2024 that's roughly about 15years of existence. If a project would fail it would fail long time ago so, you don't need a sooth sayer to tell you we are unstoppable. Cool
Bitcoin keeps growing on its equity curve year after year making a great store of value today.
when the fiat money was introduced to us as a means of exchange for goods& services by the government, if the majority had not accepted it, it would have been tough. In the case of btc the majority are gradually embracing the fantastic idea of btc to be even way much better than the one the government brought to us as it keeps adding great value to it's holders.
So to rap it all in the future I think the government would be bent to the masses opinion making this legal and we'll all be fine.
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June 19, 2024, 11:40:14 AM
 #96

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please  Grin
It is very difficult to predict the long term future, as for freedom, BTC is obviously a currency that is free of direct government control, and it is going to always be that way. However, government regulation is increasing rapidly and there is an obvious attack against privacy solutions, the government wants to know what you do with your BTC's and how and where you spend it, so i expect regulations to get worst in the future and i notice people do not care, even with etf's and all, they just want BTC price to pump without minding how far government interference gets.
I can I agree with you about regulation of bitcoin in the future,. Bitcoin may gain more popularity and will be accepted more but at the same time  the range of regulation will still be very high because the government believe that the public can use bitcoin as a means to secure their funds from anyone having details about it.  What we are seeing about bitcoin today, in the future everything concerning bitcoin will be more. More investors,  more adoption and the government would also want to regulate it more but it will be so tough for them because of the much adoption and how Bitcoin will become more advanced by then.

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June 19, 2024, 11:52:23 AM
 #97

What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?
Into global adoption and we're already there but not yet maxed.

Will it make everyone free?
Free from the control of the authorities and your wealth is in your hands.

Will it be regulated and become government controlled?
Sort of, but this is mainly to the businesses that are into Bitcoin like the centralized exchanges.

All normal and crazy theories please  Grin
I guess the most common is that it's gonna be dead and in fact, it's been dead for gazillion times.

Bitcoin would definitely take over the world in the future, that’s why it is valuable for one to start investing now on a long term investment using the DCA method so the future would be bright . I also think in the future bitcoin would serve as the only medium for foreign exchange on crypto currency
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June 19, 2024, 12:40:43 PM
 #98

What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please  Grin

We are all optimistic that the future of Bitcoin will be much brighter, and we continue to invest in Bitcoin following this launch, and it is a currency to be trusted. People are now more trusting on digital currency and Bitcoin has gained much popularity now and every person is getting financial freedom from it by investing or trading. We have seen that in 2009 the position of Bitcoin was at a very low position, but now in 2024 the position of Bitcoin has changed a lot. And we can expect more changes in the Bitcoin market in the coming days, and this price change will definitely happen. Also, since Bitcoin is one of the most popular coins, we can expect it to grow several times in the future, and our next generation will see even more growth.
Of course Bitcoin liberates everyone because Bitcoin can employ everyone and from here everyone is able to fulfill their financial needs. But you must know that Bitcoin is not controlled by any government and anyone, and it will not be controlled by anyone in the future. And since Bitcoin has a supply that will never exceed and no government can control Bitcoin, the demand for Bitcoin will increase in the future and it will improve even more.

Bitcoin has come a long way. It has become something that is preferred and trusted when it comes to investing. One of the most difficult decisions in the market is to find an investment instrument to trust. Bitcoin has become one of the trusted investment instruments. We can see this from the increasing number of investors and the fact that it has been generating returns on long-term investment for years.

I don't think Bitcoin can be controlled by governments. There are a lot of negative scenarios floating around, but I don't think they will come true. It's very difficult to control a structure with limited supply and the market won't allow it.

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June 19, 2024, 01:12:05 PM
 #99

We are slightly having an insight what does the Bitcoin brings to us, let's say people and government are now slowly adopting the use of it even in stores right now we are seeing they are accepting the use of the Bitcoin or other coins, it helps now to create a web3 projects that's more giving option to the users, also people now more with the market trades and additional on it is the side hustle of different projects that brings us extra income like nft, trades, investments, and etc.
If Bitcoin will become widely acceptable I guess it's hits different to the economy.
If we can be perfectly good at tracing back all where Bitcoin started from then we can sight a positive results over time. In as much, within those periods we still have the down side of it but judging on it's acceptability from different countries, companies and business we can at most attest to facts that we are heading in the right direction and with more time in the future their will be more adoption compared to what we have now.

The odds should be less for Bitcoin to be controlled by the government, it was created against such purposes, so we don't assume to see it happen anytime soon, they may try (already trying) but all should be to no avail.

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June 19, 2024, 01:32:02 PM
 #100

Like I said, Whitney Webb and Edward Snowden say some scary stuff about the possible future of Bitcoin, mostly about loss of privacy (and thus, indirect government control and surveillance).
the possibility of the future may or may not happen. so for now just enjoy your life with the Bitcoins you have (if you have them).
actually, there is no need to be afraid of anything that will happen in the future. the reality is that currently, many people are benefiting from Bitcoin. Its users are increasing and its popularity is increasing. Maybe some beginners are afraid it will make them panic. and that's what frustrates many novice investors.


No one really holds what will be the future of bitcoin, or it won’t have any brighter future instead. So I have to agree with you that we should not dwell so much with the future of bitcoin but focus and enjoy what we have at the present. If it’s going to live for another decade, that would be a lot better, but if it’s not, then we have no choice but to accept the reality that bitcoin is just only good for a single decade. What’s more important is that bitcoin has provided us a lot of benefits at the present, and we are very grateful for it. But when it comes to its future, that will remain uncertain for all of us here.

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