The future of Bitcoin

[Gentle_Soul]

BTC  People see Bitcoin as an asset, like gold or stocks.  This is very disappointing because in order for Bitcoin to become a global currency and for banks and governments to be excluded from its control, it should be used as money for transactions and buying and selling, not just as something to buy, hold, and sell when its price goes up.  The current view of Bitcoin is far from Satoshi Nakamoto's original goal. 

Bitcoin is doing really good and fast growing but my view it should try not to be overrated just so it can head where it's going Bitcoin in the future is expected to take over the financial institution and space 
My hopes are at the high end for Bitcoin especially for it taking over the banking and financial system

[Suzume]

BTC  People see Bitcoin as an asset, like gold or stocks.  This is very disappointing because in order for Bitcoin to become a global currency and for banks and governments to be excluded from its control, it should be used as money for transactions and buying and selling, not just as something to buy, hold, and sell when its price goes up.  The current view of Bitcoin is far from Satoshi Nakamoto's original goal. 

Bitcoin is doing really good and fast growing but my view it should try not to be overrated just so it can head where it's going Bitcoin in the future is expected to take over the financial institution and space 
My hopes are at the high end for Bitcoin especially for it taking over the banking and financial system

We already use Bitcoin as a banking and finance system dear brother if you see Bitcoin oi very popular and in many high develop country use crypto as their banking system and many fully use to in it. If you see in USA their is ATM booths to withdraw btc directly. Those county official announcement that crypto is legal in our country they use Bitcoin as banking finance system.

[khiholangkang]

BTC  People see Bitcoin as an asset, like gold or stocks.  This is very disappointing because in order for Bitcoin to become a global currency and for banks and governments to be excluded from its control, it should be used as money for transactions and buying and selling, not just as something to buy, hold, and sell when its price goes up.  The current view of Bitcoin is far from Satoshi Nakamoto's original goal. 

Bitcoin is doing really good and fast growing but my view it should try not to be overrated just so it can head where it's going Bitcoin in the future is expected to take over the financial institution and space 
My hopes are at the high end for Bitcoin especially for it taking over the banking and financial system

Bitcoin does not deviate from its purpose of creation but becomes multifunctional in its use, talking about price is not a problem because even though the price is expensive we can still make transactions with bitcoin fractions so it is not a problem even though the price is expensive, some assumptions and uses of bitcoin as an asset or others are also not a problem because bitcoin is a store of value and can withstand inflation making it a very strategic investment asset in the long term.

[Akbarkoe]

Bitcoin is doing really good and fast growing but my view it should try not to be overrated just so it can head where it's going Bitcoin in the future is expected to take over the financial institution and space 
My hopes are at the high end for Bitcoin especially for it taking over the banking and financial system

We already use Bitcoin as a banking and finance system dear brother if you see Bitcoin oi very popular and in many high develop country use crypto as their banking system and many fully use to in it. If you see in USA their is ATM booths to withdraw btc directly. Those county official announcement that crypto is legal in our country they use Bitcoin as banking finance system.

Yes but it is uneven and only a few areas have legalized bitcoin ATMs and some shops that accept bitcoin, but if we look as an example then we will see in El Sal vador there bitcoin has been fully legalized and bitcoin can be used just like any other currency issued by the bank, but if we talk about the future we need to see that people are increasingly fond of bitcoin especially if it is used as a transaction tool, including myself, I am more banik to save it than to transact using bitcoin, except maybe buying or selling in large quantities it makes more sense.

[Zanab247]

BTC  People see Bitcoin as an asset, like gold or stocks.  This is very disappointing because in order for Bitcoin to become a global currency and for banks and governments to be excluded from its control, it should be used as money for transactions and buying and selling, not just as something to buy, hold, and sell when its price goes up.  The current view of Bitcoin is far from Satoshi Nakamoto's original goal.  

Bitcoin is doing really good and fast growing but my view it should try not to be overrated just so it can head where it's going Bitcoin in the future is expected to take over the financial institution and space  
My hopes are at the high end for Bitcoin especially for it taking over the banking and financial system

Bitcoin does not deviate from its purpose of creation but becomes multifunctional in its use, talking about price is not a problem because even though the price is expensive we can still make transactions with bitcoin fractions so it is not a problem even though the price is expensive, some assumptions and uses of bitcoin as an asset or others are also not a problem because bitcoin is a store of value and can withstand inflation making it a very strategic investment asset in the long term.

Eliminating delay in global transaction and reducing unemployment from the world, which are the major purpose of BTC creation, Anyone expecting BTC to be generating tax like fiat money or be printing like fiat money, I don't think BTC will turn to that way because that is not the purpose of BTC creation. BTC will remain mining for Bitcoiners to continue to enjoy the benefits of mining to make BTC available for buyers and sellers to have access to the asset, which is profitable to those that have the knowledge.

BTC has withstand inflation in so many times, and it will continue to withstand inflation from the world to know the power of BTC in the area of store value, you can decide to sell your BTC when you are satisfied with your hodling and you can also buy BTC when you are tired of waiting for bear run.

[Abiky]

The future is unknown, but it’s very clear that the future of Bitcoin is filled with positivity, unless on countries where Bitcoin have been ban from being used to pay for anything, if not even without government approval citizens in different countries have been using it to make payment for different goods and exchange it for services too, it’s have gone being an asset which some can just store and wait for it to grow in price so that they can take profit.

Well, demand seems to be increasing each day. There doesn't seem to be any signs this will end anytime soon. Prices will only get higher in the long run. Especially when institutional investment companies are buying BTC like crazy. If it didn't have a future, they wouldn't be doing this.

Up until 2140, Bitcoin's future will be certain. Past that, I can't tell for sure. After all, that's the time when the last BTC will be mined. Either miners abandon ship, or they stay and make the network stronger. By then, we should expect miners to live off network fees. But that is a very distant future where neither of us will be alive. Only our descendants will witness such an event. In the meantime, I'd suggest you keep buying and "hodling" BTC. You're going to be surprised how much money you'll make after the next "pump". As long as you don't invest all of your life savings into it, there should be nothing to worry about.

[mrkhan90]

BTC  People see Bitcoin as an asset, like gold or stocks.  This is very disappointing because in order for Bitcoin to become a global currency and for banks and governments to be excluded from its control, it should be used as money for transactions and buying and selling, not just as something to buy, hold, and sell when its price goes up.  The current view of Bitcoin is far from Satoshi Nakamoto's original goal. 

Bitcoin is one of the best popular currency in crypto currency market. Actually, I am also agree with your prefer comment. Because we know that this valuable crypto can be change your life any moment. If anyone could be interested in bitcoin and wait until reach in best position for increase bitcoin price. I think that it will be very prefer decision for them, because we know that when bitcoin price will increase then it will be best time for selling it.
I believe that in this time if we can sell this, we can be very beneficial from cryptocurrency market. So I think that firstly we should trying to understand clearly in cryptocurrency market, then it will be very lucky future for us.

[tottong]

That's why BTC may be used for bigger purchases (where the risks of such cases would be lower), but we still mainly view it in the spotlight and perspective of hodling, because it is tested with time and effort of countless people out there.

It would be much more profitable to hold than to buy something using bitcoin because there are many benefits that can be achieved in the future.
Buying something using bitcoin is also not profitable in the investment capacity that is carried out because someone has to fill the wallet for the use of purchases while the price of bitcoin which is quite speculative can sometimes result in losses.
There are many people who have a larger amount of bitcoin but they do not use it as a purchase step so it is much more disadvantageous for people who have limited amounts of bitcoin used to buy something.

The value of bitcoin will continue to increase in the future so it is a shame to buy something using it will not be profitable.
Holding is still quite profitable for holders because its value will continue to increase over time.

[BALIK]

Eliminating delay in global transaction and reducing unemployment from the world, which are the major purpose of BTC creation, ...

Have you ever read about bitcoin's whitepaper even once? If I remember correctly, the purpose of bitcoin is to create a peer-to-peer currency with a finite supply and help us fight inflation, reduce dependence on third parties (governments, banks...). I don't see Satoshi mentioning that he created Bitcoin to reduce unemployment, help end world poverty or fix the world.

Bitcoin is really good and has potential, it can be said that it has created a revolution in the financial industry, but it is not a magic wand that can solve problems of poverty, war...as some people are spreading. We don't need to hype about bitcoin because that won't make it any better.

[Y3shot]

BTC  People see Bitcoin as an asset, like gold or stocks.  This is very disappointing because in order for Bitcoin to become a global currency and for banks and governments to be excluded from its control, it should be used as money for transactions and buying and selling, not just as something to buy, hold, and sell when its price goes up.  The current view of Bitcoin is far from Satoshi Nakamoto's original goal. 

Bitcoin is doing really good and fast growing but my view it should try not to be overrated just so it can head where it's going Bitcoin in the future is expected to take over the financial institution and space 
My hopes are at the high end for Bitcoin especially for it taking over the banking and financial system

Bitcoin does not deviate from its purpose of creation but becomes multifunctional in its use, talking about price is not a problem because even though the price is expensive we can still make transactions with bitcoin fractions so it is not a problem even though the price is expensive, some assumptions and uses of bitcoin as an asset or others are also not a problem because bitcoin is a store of value and can withstand inflation making it a very strategic investment asset in the long term.

Yes bitcoin is multifunctional and its not as if bitcoin have deviate from it purpose, I think bitcoin as currency it is something that will take time for it to be accepted to be spent alternative currency. Bitcoin is still in it journey to adoption and with time it will be use steadily for spending. Before now it was very difficult to buy bitcoin and hodl because so many restrictions but now people can acquire bitcoin , that's to tell you bitcoin is growing and time is coming when it will be spent as an alternative currency.

[YOSHIE]

The future of Bitcoin

As you can see now, you need to know Bitcoin for now is still a digital currency that is used for investment and trade, the reason is Bitcoin has a good value for assets Trading, just like you buy shares, many reasons Bitcoin cannot be made as a global currency in general like Fiat.

One reason is the exchange rate is unstable, for example: You buy $ 80k Bitcoin today tomorrow can go up or down below the number you buy, while there are stable goods, for example you buy a car for 0.4 BTC With today's prices and tomorrow it could be the price of the car is valued at 0.1 BTC, such a business system can harm the shareholders, fortunately if the price of bitcoin is like now, try if the price of Bitcoin $ 30k is certainly a value Their turnover dropped dramatically and plummeted, that was a simple reason because Bitcoin could not be used as a transaction tool to buy goods and global currencies.

The point is: Bitcoin continues to grow and continue to grow as it is today, the exchange rate may be 10-20 years in the future can reach $500K or $1 million, because its rare and Bitcoin are the best exchange rate assets of all time.

[AprilioMP]

BTC  People see Bitcoin as an asset, like gold or stocks.  This is very disappointing because in order for Bitcoin to become a global currency and for banks and governments to be excluded from its control, it should be used as money for transactions and buying and selling, not just as something to buy, hold, and sell when its price goes up.  The current view of Bitcoin is far from Satoshi Nakamoto's original goal. 

Instead of seeing Bitcoin from a perspective like an illegal action, then their vision is good because they can expect a return from the money placed on Bitcoin.
Nowadays the mindset should not be too complicated even though the purpose of Bitcoin is actually not what people think of the views you mentioned.

[uchegod-21]

BTC  People see Bitcoin as an asset, like gold or stocks.  This is very disappointing because in order for Bitcoin to become a global currency and for banks and governments to be excluded from its control, it should be used as money for transactions and buying and selling, not just as something to buy, hold, and sell when its price goes up.  The current view of Bitcoin is far from Satoshi Nakamoto's original goal. 

The initial idea of Bitcoin creator was for it to be a currency. It was created to be an alternative to fiat but due to the gain that the validity of the Bitcoin market brought, people decided to be holding it instead of using it as a currency.
Apart from the above reason, it is also known that bitcoin transaction fee is not stable and goes very high when there is congestion in the mempool. This is one of the reasons why Bitcoin refused to develop in becoming a currency instead of an investment asset

[khiholangkang]

Bitcoin does not deviate from its purpose of creation but becomes multifunctional in its use, talking about price is not a problem because even though the price is expensive we can still make transactions with bitcoin fractions so it is not a problem even though the price is expensive, some assumptions and uses of bitcoin as an asset or others are also not a problem because bitcoin is a store of value and can withstand inflation making it a very strategic investment asset in the long term.

Yes bitcoin is multifunctional and its not as if bitcoin have deviate from it purpose, I think bitcoin as currency it is something that will take time for it to be accepted to be spent alternative currency. Bitcoin is still in it journey to adoption and with time it will be use steadily for spending. Before now it was very difficult to buy bitcoin and hodl because so many restrictions but now people can acquire bitcoin , that's to tell you bitcoin is growing and time is coming when it will be spent as an alternative currency.

Yes, like what happens in El-Salvador, Bitcoin is one of the alternative currencies that can be used by the community to conduct transactions in that country there will be several countries that follow their steps to adopt Bitcoin as an alternative transaction tool that is not difficult to do.

Whatever the future of Bitcoin, in my opinion it will not escape its qodrat because no one can rose Bitcoin in the world II so that Bitcoin is free and its use depends on the owner of the Bitcoin itself.

[Synchronice]

BTC  People see Bitcoin as an asset, like gold or stocks.  This is very disappointing because in order for Bitcoin to become a global currency and for banks and governments to be excluded from its control, it should be used as money for transactions and buying and selling, not just as something to buy, hold, and sell when its price goes up.  The current view of Bitcoin is far from Satoshi Nakamoto's original goal. 

I think that the reason why Bitcoin is becoming an asset for people is that it's the only truly decentralized currency with the highest adoption rate and highest market cap, with unknown creator. I'm sure that the fact that single centralized entity can't affect Bitcoin is the reason why it's a store of value but frankly, another reason could be (I'm not sure) that Bitcoin is not the best option for cheap and instant payments.

bitcoin is not meant to replace fiat where by we get taxed on fiat money each time we receive it for our wage.. and taxed on it again when we spend it through sales tax. losing value through inflation and tax at every transfer.
bitcoin meant to be a new option to get away from the economics of money

You are right, Bitcoin was never meant to replace fiat but for some reasons, people mislabel it. According to Whitepaper, Bitcoin is meant to provide a solution to e-commerce problems. Bitcoin allows P2P transactions from any part of the world, there is no need of Stripe and other payment processors to verify transactions, no sensitive info is shared when you create a transaction and once the transaction is made and verified, there is no way to reverse it.

[GbitG]

BTC  People see Bitcoin as an asset, like gold or stocks.  This is very disappointing because in order for Bitcoin to become a global currency and for banks and governments to be excluded from its control, it should be used as money for transactions and buying and selling, not just as something to buy, hold, and sell when its price goes up.  The current view of Bitcoin is far from Satoshi Nakamoto's original goal. 

I don't think so....
Bitcoin was created for whatever whatever purpose it doesn't matter. People will use it for their own purposes; like if they want to use it for investment, they will use it as investment assets, or if they want to use it for transactions, they will use it for it. It depends on us how we use the things we need for ourselves. It is a human nature that he makes things for one purpose and later, when needed, he modifies it and uses it for another purpose.

So now this is a great quality of Bitcoin that it has adopted many other qualities besides online transactions such as value storing, supreme privacy, etc.

[Abiky]

I think that the reason why Bitcoin is becoming an asset for people is that it's the only truly decentralized currency with the highest adoption rate and highest market cap, with unknown creator. I'm sure that the fact that single centralized entity can't affect Bitcoin is the reason why it's a store of value but frankly, another reason could be (I'm not sure) that Bitcoin is not the best option for cheap and instant payments.

On-chain speaking, yes, Bitcoin isn't the best option for cheap payments. Fortunately, sidechains and off-chain scaling solutions help solve the problem (like the Lightning Network). It's just that people aren't aware such solutions exist. Even those who know about them express skepticism due to the steep learning curve. UX (user experience) on the Lightning Network is the not the same as ordinary on-chain Bitcoin transactions.

I guess Bitcoin will remain a store of value forever. Still, "the future is not set". So changes/improvements are possible in the long run. You'll be surprised how Bitcoin will evolve in the future. As long as it stays decentralized, there should be nothing to worry about.

[FortuneFollower]

The initial idea of Bitcoin creator was for it to be a currency. It was created to be an alternative to fiat but due to the gain that the validity of the Bitcoin market brought, people decided to be holding it instead of using it as a currency.
Apart from the above reason, it is also known that bitcoin transaction fee is not stable and goes very high when there is congestion in the mempool. This is one of the reasons why Bitcoin refused to develop in becoming a currency instead of an investment asset

Nobody would be able to envision what would become of Bitcoin in a decade or more, so it's only plausible to continue to watch after the developments and the adoption of BTC both on the market and in the lives of some people and whole countries.

There are also solutions to high fees in dire times, just like Abiky said.

[champions]

BTC  People see Bitcoin as an asset, like gold or stocks.  This is very disappointing because in order for Bitcoin to become a global currency and for banks and governments to be excluded from its control, it should be used as money for transactions and buying and selling, not just as something to buy, hold, and sell when its price goes up.  The current view of Bitcoin is far from Satoshi Nakamoto's original goal. 

From my point of view Bitcoin is a reliable asset I think. Inflation is increasing over time, long-term investment in Bitcoin is necessary to protect against inflation. In order to invest in Bitcoin for the long term we must plan the investment and keep track of the strategy and market movements. We have already seen that the United States is working to reserve Bitcoin with Donald Trump announcement this. So, if we keep our eyes and ears open and be patient for long-term investment in Bitcoin without listening to rumours, success will definitely come.

[SuperBitMan]

BTC  People see Bitcoin as an asset, like gold or stocks.  This is very disappointing because in order for Bitcoin to become a global currency and for banks and governments to be excluded from its control, it should be used as money for transactions and buying and selling, not just as something to buy, hold, and sell when its price goes up.  The current view of Bitcoin is far from Satoshi Nakamoto's original goal.  

Satoshi did not only foster the potential value for bitcoin on payment for an asset view. Let me tell you Op, the attractiveness of bitcoin that has brought it this massive adoption so far is the potential values that users can either trade or invest on it for profits. Exempt this bitcoin would be as common as the traditional currencies. No one will ever care of it is decentralized or digitalized but that profitable value is it main point of attraction but meanwhile using it for payments as subjected has not been ignored rather there are less payment adoptors than income adoptors.

I agree with you. The real attraction of Bitcoin is its value growth and investment potential.  It is not only created as a medium of exchange, but people buy or trade it mainly for profit.  If Bitcoin didn't go up in price, it would be like a normal currency and no one would care. Although it is possible to use it for transactions, very few people actually accept it as payment, as most people see it only as an investment opportunity.

You are right the reason people invest in Bitcoin is so they can make profit from it later in the future if not for the profit no one will be investing in it because people invest only on something they know they can get profit from but Bitcoin is not only used for investment purposes just like you said Bitcoin is also used for transactions some countries has declared Bitcoin as a Legal tender and when you go to the mall or supermarket you can pay with Bitcoin after buying things, the reason why other countries have not adopted this is because they feel Bitcoin is working against there economy some countries has fought Bitcoin but is impossible to remove Bitcoin because Bitcoin has no CEO and is a decentralized coin since the government can't control the finance of people like they do in Banks they are not happy Bitcoin gives you the opportunity to control your own money and your money is more save in Bitcoin than in bank no matter the the situation your money is always save in Bitcoin and this is one reason some set of people invest in Bitcoin so is not entirely for profit making there are many reasons people invest in Bitcoin but mostly is for profit making.