Bitcoin in the next decade

[CryptoYar]

[...]

Exactly I will little agree with you here, right now, Bitcoin is not safe place for money since it is moving with technology stocks and main economy, which is opposite of what safe place for money should do. This is because, right now, it is not yet fully separate from old ways of money in terms of BTC. Even so, idea of the BTC turning into Digital Gold is goal for far future due to its fixed scarcity that cannot be changed and its ability to not be controlled, which may finally lead to it taking place of real gold. To make sure that this future success happens, network needs to improve its performance and low costs, and more people should use it widely across world. So smartest way is to understand that current state of the BTC is not steady, but other to buy, hodl, and forget about rest to make money on its massive long term chance to grow.

[fuguebtc]

Although the economic conditions of various countries are not that good now, I hope that in the next 10 to 15 years, the economic conditions of various countries will improve a lot and the governments of various countries will accept Bitcoin and by accepting Bitcoin, they will try to strengthen their economic conditions further. Everyone wants to enjoy the benefits of using Bitcoin, but many governments avoid Bitcoin due to many considerations. What we have seen in the Bitcoin market in the last ten years, we will see more in the Bitcoin market in the next 10 years and considering the level of popularity and price now, both the popularity and price of Bitcoin will increase a lot in the next ten years. We will see many more countries in the next ten years that will allow the use of Bitcoin alongside their national currencies and I will wait for that day.

I don't know if you understand how a national economy works, and on what basis you believe that Bitcoin can improve a country's economy. But I want you to think about El Salvador, the first country to make bitcoin legal tender and implement it nationwide. Currently, after four years of adopting and relying too heavily on Bitcoin, they are on the brink of default, and people's lives have not improved much compared to before Bitcoin was adopted.

Bitcoin has potential, but let's be realistic, it's not a magic wand that can solve all the world's problems or the problems of a national economy. To improve the national economy, it is necessary to rely on the government and appropriate economic policies, not blind reliance on speculative assets and the belief that they can somehow save the entire economy.

[G_Besar]

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

More specifically, it's easy to resell after purchase, which is why so many new investors have emerged because they've already gained confidence in Bitcoin. Those new to Bitcoin can also learn about the unique methods used by veteran investors who are still very happy to hold Bitcoin, so that new investors can immediately eliminate any worries about holding Bitcoin. While Bitcoin's price fluctuations have indeed influenced most people to view Bitcoin as an opportunity in their lives, investors who already believe in Bitcoin typically buy more frequently, regardless of whether the price is falling or rising, because their goal is to hold and accumulate more Bitcoin each month.

[nemesis_incarnate]

^ Such players usually have the funds and knowledge to back it up, newbies start small and want to get rich quick, ending up in different situations they could of avoid, yet making such mistakes is the part of the process, I believe.

[slaman29]

^ Such players usually have the funds and knowledge to back it up, newbies start small and want to get rich quick, ending up in different situations they could of avoid, yet making such mistakes is the part of the process, I believe.

Agree and disagree. I made such mistakes, beginning in forex, didn't learn my lesson, did it with altcoins and ICOs, you know how it goes. For me for sure, that double journey and repeat mistakes did teach me how valuable BTC was and how patience with DCA beats everything else.

But for others, many more, it became a gamble that formed an addiction, sadly.

[nemesis_incarnate]

^ Such players usually have the funds and knowledge to back it up, newbies start small and want to get rich quick, ending up in different situations they could of avoid, yet making such mistakes is the part of the process, I believe.

Agree and disagree. I made such mistakes, beginning in forex, didn't learn my lesson, did it with altcoins and ICOs, you know how it goes. For me for sure, that double journey and repeat mistakes did teach me how valuable BTC was and how patience with DCA beats everything else.

But for others, many more, it became a gamble that formed an addiction, sadly.

Yep, such cases are there too, but you are an example of how it should be done - to learn and switch to something that is better for yourself.

Some just don't want to get out of this roller-coaster of emotions and think that one day, this one time, they are going to hit it big.

[summonerrk]

No one knows what the Bitcoin price will be by the New Year. But it's likely to rise, as the price fell too sharply in October, and November hasn't been positive either. This is very unusual for all cryptocurrency market participants, and it's possible the market will have to stop its decline and begin to recover. After all, the New Year is a time of miracles, and so many believe they can partially build their strategy around this. After all, everyone knows statistics show that belief in New Year's miracles leads to increased gambling, and this should, consequently, extend to trading.

[john_egbert]

No one knows what the Bitcoin price will be by the New Year. But it's likely to rise, as the price fell too sharply in October, and November hasn't been positive either. This is very unusual for all cryptocurrency market participants, and it's possible the market will have to stop its decline and begin to recover. After all, the New Year is a time of miracles, and so many believe they can partially build their strategy around this. After all, everyone knows statistics show that belief in New Year's miracles leads to increased gambling, and this should, consequently, extend to trading.

Do you think so?

Based on history, late September, up to December, usually are stronger seasonal windows on average, and near the New Year, there is a tendency of going sideways or a bit up.

Maybe there will be a true recovery bounce.

[JayJuanGee]

[...]

Exactly I will little agree with you here, right now, Bitcoin is not safe place for money since it is moving with technology stocks and main economy, which is opposite of what safe place for money should do.

If you are trying to make some proclamations based on what bitcoin is doing "right now" then you are likely failing/refusing to account for context, since part of the subject of the thread is the next 10 years... and also bitcoin has 17 years of history of being active even though maybe only around 15.5 years of price history.

Bitcoin is getting more and more attention, so surely some aspects of the ongoing battle can change, yet at the same time be misleading in the short-term in regards to attempting to draw longer term conclusions from that.

Some guys have been in bitcoin for 10 years or longer and others have gotten into bitcoin more recently and even others are either just getting in or contemplating to get in.  There surely are going to be more folks coming into bitcoin in the future, yet the terms for their getting in will ongoingly be changing, which seems to justify that it is likely better to get in (at least partially) currently rather than waiting for later... .. that is if you have any options.. if you have some income to buy bitcoin now.. or some folks might not have current income but they expect to have future income, and even other guys might have more of a fixed income in which they are likely losing value through the years if their fixed income is not going up at least at the same pace as the debasement of the dollar (increases in the cost of living).

You are likely wrong in your proclamation that bitcoin is not a safe place to put time, energy and/or value, and surely anyone who is worried about how much to put into bitcoin in regards to safeness, they do not have to put everything into bitcoin.  Each person chooses a position size, so even if there might be some hesitancies regarding bitcoin's future performance and/or its ability to hold its value or to grow in value, then they can choose a smaller position based on their viewpoint... Maybe they will be right? and maybe not?

This is because, right now, it is not yet fully separate from old ways of money in terms of BTC.

That seems to be a lame view.

Bitcoin is a paradigm shifting technology that allows for the direct transfer and storage of both information and value, and various current systems are currently trying to co-opt it and control it.  Sure, we don't know the outcome of such ongoing battles (changes), yet I doubt that bitcoin is as connected and/or matched with status quo information, finance and/or value systems as you are wanting to argue it to be.

Even so, idea of the BTC turning into Digital Gold is goal for far future due to its fixed scarcity that cannot be changed and its ability to not be controlled, which may finally lead to it taking place of real gold. To make sure that this future success happens, network needs to improve its performance and low costs,

You are assuming that something is broken with bitcoin.  Bitcoin has already taken over a lot of systems and it is currently providing a place for people, institutions and/or governments to put their value and to transact.  It seems fair to assess that bitcoin has already come a long ways, and it seems like a pretty solid bet that bitcoin has already gotten its tentacles into a lot of systems, so more and more time, energy and value is gravitating into bitcoin, whether you want to ignore such trend or not.. so in that sense, it seems quite logical that bitcoin is going to continue to ongoingly grow on a world-wide level, even though the various battles with it are likely going to continue and have differing intensities from location to location (jurisdiction to jurisdiction).

and more people should use it widely across world.

It is already happening, even though it seems that institutions, government and status quo rich people are seeming to be crowding out some of the normies, so still many normies do not seem to recognize and/or appreciate the value of their getting involved in bitcoin and also to accumulate their own stash of bitcoin.

So smartest way is to understand that current state of the BTC is not steady, but other to buy, hodl, and forget about rest to make money on its massive long term chance to grow.

At least you came to a correct conclusion in the end, even though you were seeming to ramble all over the place throughout your post.

^ Such players usually have the funds and knowledge to back it up, newbies start small and want to get rich quick, ending up in different situations they could of avoid, yet making such mistakes is the part of the process, I believe.

Agree and disagree. I made such mistakes, beginning in forex, didn't learn my lesson, did it with altcoins and ICOs, you know how it goes. For me for sure, that double journey and repeat mistakes did teach me how valuable BTC was and how patience with DCA beats everything else.

But for others, many more, it became a gamble that formed an addiction, sadly.

Yep, such cases are there too, but you are an example of how it should be done - to learn and switch to something that is better for yourself.

Some just don't want to get out of this roller-coaster of emotions and think that one day, this one time, they are going to hit it big.

I can be hard to break some bad habits, since we will frequently resort back to our old ways... so frequently, if we might figure out how much to invest in bitcoin and how to manage our cashflows, we might be able to put ourselves into a better system, yet we still might carry over some of our bad habits and we might get sucked into them.. so for example with DCA it might not really matter so much about the amounts and the frequency of the buys but to keep on buying and to mostly stay blind to the price as you are building your holdings, and then perhaps after a whole cycle or a bit more, there might be some justification to modify the practice, yet at that time, presumptively the investment size had grown to a sufficient amount, yet even if a person might think that it would be good for him to try to buy the dips and to hold back for the dips, he may well might have had been better off to just keep on buying rather than changing his approach.

I am not saying that I know exactly, since there can be some advantages in making various modifications, yet sometimes guys will take one or two modifications and then take them to an extreme rather than being able to limit theirselves in terms of keeping their various modifications modest and perhaps even inconsequential fun since perhaps the overwhelming majority of their practice, such as 90% or more, might stay focused on just ongoingly buying bitcoin no matter the price, even though maybe they end up allowing themselves to start to play with 10% of any new money that comes in to buy the dip or ,maybe to trade or maybe even to fuck around with shitcoins, yet if they are not able to control their limits, they might gravitate back into their bad habits of playing around with too much.. and then end up realizing that they had gotten too greedy, but then by the time they end up realizing it, it might be too late and they might have had already lost quite a bit of time, energy and money.

Even with myself, for the most part, my first 3-ish years in bitcoin (from late 2013 until early 2017), I was not really in profits, especially in regards to my first purchase that was nearly $1,200, even though my overall BTC holdings had gotten into profits based on ongoing buying that brought my average down to anywhere between $450 and $750 depending on how they ended up getting calculated based on some subsequent mistakes that I had made, too. 

So sometimes having extended periods in which money is put into an asset, yet the value is way less than the amount put in, then that can lead to wrong decisions and even the implementation of practices that involve more risk, so some of us are able to make it through those kinds of periods with limited damages, and others get sucked into situations in which they might never completely recover, even though they might figure out some ways in which to improve some of their habits due to their learnings.. So I suppose they might end up getting lucky if they end up learning and improving in the end, yet they might not completely know if they might not resort back to some of their bad habits and get themselves back sucked into a place that become impossible to crawl out from under.

[Churchillvv]

This is because, right now, it is not yet fully separate from old ways of money in terms of BTC.

That seems to be a lame view.

Bitcoin is a paradigm shifting technology that allows for the direct transfer and storage of both information and value, and various current systems are currently trying to co-opt it and control it.  Sure, we don't know the outcome of such ongoing battles (changes), yet I doubt that bitcoin is as connected and/or matched with status quo information, finance and/or value systems as you are wanting to argue it to be.

Perhaps guys do not realize that bitcoin is a paradigm shift as it’s the first of its kind and has no pre-existence, brought about change in the way people use, see and know money but perhaps it seem like not a good percentage of people including forum members and people outside the forum knows much about what a paradigm bitcoin is, yet it seem to me that bitcoin has more definition of money more than fiat or any other currency seem to have as its the only currency with a good level of scarcity unlike fiat which is limitless and can be printed at any given time.
Hence in my opinion guys really need to understand the rule bitcoin played and is still playing terms of how people use money as digital currency is the new age money hence bitcoin as of 2009 was the first and only digital currency that has equality of comparison as in terms of calling it a digital gold however its usage as means of payment has changed the concept of being called a digital gold hence bitcoin is money and more money than fiat or any other currency has ever been.

[dan_dony]

This is because, right now, it is not yet fully separate from old ways of money in terms of BTC.

That seems to be a lame view.

Bitcoin is a paradigm shifting technology that allows for the direct transfer and storage of both information and value, and various current systems are currently trying to co-opt it and control it.  Sure, we don't know the outcome of such ongoing battles (changes), yet I doubt that bitcoin is as connected and/or matched with status quo information, finance and/or value systems as you are wanting to argue it to be.

Perhaps guys do not realize that bitcoin is a paradigm shift as it’s the first of its kind and has no pre-existence, brought about change in the way people use, see and know money but perhaps it seem like not a good percentage of people including forum members and people outside the forum knows much about what a paradigm bitcoin is, yet it seem to me that bitcoin has more definition of money more than fiat or any other currency seem to have as its the only currency with a good level of scarcity unlike fiat which is limitless and can be printed at any given time.
Hence in my opinion guys really need to understand the rule bitcoin played and is still playing terms of how people use money as digital currency is the new age money hence bitcoin as of 2009 was the first and only digital currency that has equality of comparison as in terms of calling it a digital gold however its usage as means of payment has changed the concept of being called a digital gold hence bitcoin is money and more money than fiat or any other currency has ever been.

You are correct that a lot of people still do not fully realize how radically different Bitcoin is to the traditional money. It is not another digital payment tool, it has brought a new model of storing and transferring value with not depending on centralized systems. This is what the paradigm shift JJG is talking about is all about. Fiat is an endless supply of print money, whereas Bitcoin's fixed supply removes the motivations and actions of money itself. Nevertheless, it is natural why not every person understands it yet, the majority of people evaluate Bitcoin according to the outdated financial systems. With more adoption and more cases of its real-world implementation, the divide between the legacy structures will become more apparent, and that gap can probably be even more pronounced in the next decade.

[Ryu_Ar1]

Yep, such cases are there too, but you are an example of how it should be done - to learn and switch to something that is better for yourself.

Some just don't want to get out of this roller-coaster of emotions and think that one day, this one time, they are going to hit it big.

But such things are not easy and in the end, many of them are caught in the same wave.
The reason is the same where instant wealth and quick profits are always the benchmark. We realize that in the end for crypto bitcoin is still the best but when wealth and quick profits that we always think about make some of us get stuck again and again in the same area and waste time doing unnecessary things.

This condition is difficult to change but on the other hand it also shows that not everyone in crypto believes in bitcoin with some reasons that we actually create ourselves to make our choices feel right when in reality they are far from right.

[JayJuanGee]

This is because, right now, it is not yet fully separate from old ways of money in terms of BTC.

That seems to be a lame view.

Bitcoin is a paradigm shifting technology that allows for the direct transfer and storage of both information and value, and various current systems are currently trying to co-opt it and control it.  Sure, we don't know the outcome of such ongoing battles (changes), yet I doubt that bitcoin is as connected and/or matched with status quo information, finance and/or value systems as you are wanting to argue it to be.

Perhaps guys do not realize that bitcoin is a paradigm shift as it’s the first of its kind and has no pre-existence, brought about change in the way people use, see and know money but perhaps it seem like not a good percentage of people including forum members and people outside the forum knows much about what a paradigm bitcoin is, yet it seem to me that bitcoin has more definition of money more than fiat or any other currency seem to have as its the only currency with a good level of scarcity unlike fiat which is limitless and can be printed at any given time.

For sure, bitcoin has out monied money, and people do not seem to recognize that aspect of bitcoin.   Of course, the market has also not recognized that bitcoin has out monied money, yet at the same time, bitcoin is not guaranteed to succeed even though it is more than 10x better than gold and also more than 10x better than any of the fiats, including the dollar which is currently the top of the fiats.

There are even smart people who are economists who do not seem to either know what it bitcoin or they believe that bitcoin's features are not sufficiently good to make bitcoin better than money.

I recently heard a very seemingly smart economist go on the Peter McCormack show and argue that money has to have an infinite supply, as if the ongoing printing of money is a feature rather than a bug, and he was arguing that the printing was for our own good rather than serving as a silent tax.

I don't know what brings those kinds of folks around to bitcoin, so they might be anti-bitcoin until they die..

At the same time, we cannot necessarily know that the most scarce, fungible and non-centralized form of money known to man is going to be able to survive since no kind of money so scarce has ever existed..... so in some sense, those of us who are ongoingly investing our time, energy and money into bitcoin, we have to be careful in terms of the possibility that bitcoin does not continue to grow as it seems to be doing now and/or that bitcoin and its value proposition don't end up getting undermined.

So even though the winning of bitcoin seems to be a quite compelling story, it is still not guaranteed to prevail.. even though it seems way better to have some investment into bitcoin rather than staying a no coiner or low coiner as so many normies seem to be stuck in such a status.

In some sense any of us who both know about bitcoin and have acted upon our knowledge of bitcoin to invest time, energy and money into it, we are advantaged by the asymmetric information place that we still continue to find ourselves, even though bitcoin has been live for nearly 17 years. .and yeah, more and more people have heard the word bitcoin, yet hardly any have any clues in regards to what bitcoin is, and if they do have some ideas, they tend to be quite wrong about it, even guys who have been active on forums like this one..

Hence in my opinion guys really need to understand the rule bitcoin played and is still playing terms of how people use money as digital currency is the new age money hence bitcoin as of 2009 was the first and only digital currency that has equality of comparison as in terms of calling it a digital gold however its usage as means of payment has changed the concept of being called a digital gold hence bitcoin is money and more money than fiat or any other currency has ever been.

Normies are not just going to come around to that understanding without putting quite a bit of brainpower into it and also studying the matter and also getting past the disinformation that continues to float in a lot of places.

Yeah, we have more podcasts about bitcoin and more access to the information, yet so many folks still either don't believe the various podcast information and/or they don't spend enough time studying dee cornz so that they can come to more correct perspectives in regards to what bitcoin is and wahat purposes bitcoin is serving in modern times.

[edited out]

You are correct that a lot of people still do not fully realize how radically different Bitcoin is to the traditional money. It is not another digital payment tool, it has brought a new model of storing and transferring value with not depending on centralized systems. This is what the paradigm shift JJG is talking about is all about. Fiat is an endless supply of print money, whereas Bitcoin's fixed supply removes the motivations and actions of money itself. Nevertheless, it is natural why not every person understands it yet, the majority of people evaluate Bitcoin according to the outdated financial systems. With more adoption and more cases of its real-world implementation, the divide between the legacy structures will become more apparent, and that gap can probably be even more pronounced in the next decade.

You are not really saying anything meaningfully different from Churchillvv.

Normies do not just automatically come to believe that the government money printing system is a bit of a scam and simultaneous theft from the people, which would both justify bitcoin and also show that maybe governments should not be just willy-nilly printing money and/or controlling the money supply at their whim and as ways to go beyond any permissions that they had and also to be abusive of such authority.  Accordingly, most normies believe that ONLY the governments can print money and therefore they do not really understand that bitcoin is (and has been) capable of coming into existence without the permission of any government even though several governments are currently considering and even acting upon various means to attempt to co-opt, control and/or limit bitcoin, even when they are trying to act as if they are friendly to bitcoin.

Sure there are some folks who are skeptical of the government and perhaps they come around to bitcoin more quickly than those normies who are more willing to accept government representations that they are acting in the public good, even when they are abusing their money printing abilities.  It is kind of hard to understand either a private money and/or a decentralized money that could ultimately be in the public's interest and/or to be beneficial to the public.

[Dunamisx]

The next decade would have birth on two consecutive halving experience after four years of intervals, you can now imagine what the people would be having after they must have invested by now, until the people take their time in knowing the benefits of bitcoin invest and taking the necessary steps to experience it, they may always be working around without more focus about what could make it more profitable to them to invest in it.

[Churchillvv]

This is because, right now, it is not yet fully separate from old ways of money in terms of BTC.

That seems to be a lame view.

Bitcoin is a paradigm shifting technology that allows for the direct transfer and storage of both information and value, and various current systems are currently trying to co-opt it and control it.  Sure, we don't know the outcome of such ongoing battles (changes), yet I doubt that bitcoin is as connected and/or matched with status quo information, finance and/or value systems as you are wanting to argue it to be.

Perhaps guys do not realize that bitcoin is a paradigm shift as it’s the first of its kind and has no pre-existence, brought about change in the way people use, see and know money but perhaps it seem like not a good percentage of people including forum members and people outside the forum knows much about what a paradigm bitcoin is, yet it seem to me that bitcoin has more definition of money more than fiat or any other currency seem to have as its the only currency with a good level of scarcity unlike fiat which is limitless and can be printed at any given time.

For sure, bitcoin has out monied money, and people do not seem to recognize that aspect of bitcoin.   Of course, the market has also not recognized that bitcoin has out monied money, yet at the same time, bitcoin is not guaranteed to succeed even though it is more than 10x better than gold and also more than 10x better than any of the fiats, including the dollar which is currently the top of the fiats.

Perhaps one of the reasons why it seems like bitcoin hasn’t recognized as the only currency which have out monied money  is the fact that people decided to pay deaf ears and turn blind eyes to it even though it’s very obvious that bitcoin is a better money but perhaps if they seem to recognize that and make it public then they may not be fulfilling the obligations to preserve the fiat as a tool to tax people by printing it without limit hence it’s true that a lot of people has already known the fact that bitcoin isn’t just mere currency but paradigm and/or a better currency, even though it has not been widely adopted to a very large extent yet it seem to have been penetrating every part of the world in a continuous and gradual process.

However, bitcoin isn’t guaranteed to succeed yet it has shown more proves of it’s strength over the years hence it’s better to be in the risk of bitcoin not succeeding than be a low coiner or worst be a no coiner.

There are even smart people who are economists who do not seem to either know what it bitcoin or they believe that bitcoin's features are not sufficiently good to make bitcoin better than money.

I recently heard a very seemingly smart economist go on the Peter McCormack show and argue that money has to have an infinite supply, as if the ongoing printing of money is a feature rather than a bug, and he was arguing that the printing was for our own good rather than serving as a silent tax.

I don't know what brings those kinds of folks around to bitcoin, so they might be anti-bitcoin until they die..

Of course some economist serve as tools to governments yet I’m not claiming that Peter might be one but they seem to be pro-government defenders and as such everything that has to do with government seems right in their own eyes even though it hurts them deep yet openly agreeing to the pain is such difficulty, however people like Peter sometimes do partake on some of the things they might probably criticize in public yet may invest in secret just like Peter sheriff who later asked for bitcoin as donation for his birthday.

Excessive printing of money of course is a bug but for someone who is pro-fiat will probably not agree that it’s a bug instead argue for its defense, perhaps if infinite printing of fait describes money then scarcity is not part of the features of fait hence bitcoin is 10x better money than any fiat.

Furthermore, I probably won’t be surprised to here that some pro-fiat people like Peter McCormack has some secretive bitcoin yet make such statements in support of fiat to keep their career as economist hence securing there political position in future.

At the same time, we cannot necessarily know that the most scarce, fungible and non-centralized form of money known to man is going to be able to survive since no kind of money so scarce has ever existed..... so in some sense, those of us who are ongoingly investing our time, energy and money into bitcoin, we have to be careful in terms of the possibility that bitcoin does not continue to grow as it seems to be doing now and/or that bitcoin and its value proposition don't end up getting undermined.

So even though the winning of bitcoin seems to be a quite compelling story, it is still not guaranteed to prevail.. even though it seems way better to have some investment into bitcoin rather than staying a no coiner or low coiner as so many normies seem to be stuck in such a status.

Just like I seem to have said earlier, of course nothing is guaranteed on earth not even life itself yet it’s better guys grabs the opportunity that probably may not last forever by investing in bitcoin now, however that is not even a guarantee that bitcoin will continue to go up in terms of price yet it’s a better risk than risking into some kind of shits and/or not risking at all (no coiner/low coiner).

In some sense any of us who both know about bitcoin and have acted upon our knowledge of bitcoin to invest time, energy and money into it, we are advantaged by the asymmetric information place that we still continue to find ourselves, even though bitcoin has been live for nearly 17 years. .and yeah, more and more people have heard the word bitcoin, yet hardly any have any clues in regards to what bitcoin is, and if they do have some ideas, they tend to be quite wrong about it, even guys who have been active on forums like this one..

In my opinion guys who seem to have had the word bitcoin and yet have no clue or knows little about it and yet seem not to use the knowledge they have in my opinion are nothing better than someone who haven’t heard or has no clue of what bitcoin is. Hence someone who haven’t heard anything about bitcoin is yet far better than a zero coiner because at some point when they probably get the opportunity they might invest or might not yet which is far better than someone who knows, and is fully aware how far bitcoin has come over the past 17 years decides to be a zero coiner, I would say one who hasn’t heard of the word bitcoin is better of. However, we can not force than bitcoin down the throat of anyone yet at the end I would probably not entertain complains from such individuals.

Hence in my opinion guys really need to understand the rule bitcoin played and is still playing terms of how people use money as digital currency is the new age money hence bitcoin as of 2009 was the first and only digital currency that has equality of comparison as in terms of calling it a digital gold however its usage as means of payment has changed the concept of being called a digital gold hence bitcoin is money and more money than fiat or any other currency has ever been.

Normies are not just going to come around to that understanding without putting quite a bit of brainpower into it and also studying the matter and also getting past the disinformation that continues to float in a lot of places.

Yeah, we have more podcasts about bitcoin and more access to the information, yet so many folks still either don't believe the various podcast information and/or they don't spend enough time studying dee cornz so that they can come to more correct perspectives in regards to what bitcoin is and wahat purposes bitcoin is serving in modern times.

Right! The level of informations we have this days are much more than the earlier days of bitcoin however it seem like not everyone likes to put in effort or some level of brainpower to have a better understanding of anything not excluding bitcoin, hence that is why we can see people running to companies to help them hold their investments including bitcoin, this has led me to understand that even though people may have free access to information if it’s not preached to them they seem not to find evidence for themselves why it’s good or bad to get involved in anything however, they want everything served ready without any personal efforts.

For instance, even though noncustodialism is preached yet not a good percentage of people use it in the forum hence they prefer their coins to be hold in a centralized exchange or where they seem to be convinced with the illusion that ever happens to their coins they can be able to retrieve them by suing an exchange yet there is a lot of information on how to set up a self custodial wallet yet not a good number will like to go through such stress, relating that to the level of podcast that talks about bitcoin yet a very low number of people are will to put in the work to learn or have a better clue of what bitcoin is.

[Abiky]

The next decade would have birth on two consecutive halving experience after four years of intervals, you can now imagine what the people would be having after they must have invested by now, until the people take their time in knowing the benefits of bitcoin invest and taking the necessary steps to experience it, they may always be working around without more focus about what could make it more profitable to them to invest in it.

Yes. But more than the halving, is the increasing acceptance of BTC as a store of value among governments, banks, and institutional investors. Within 10 years, capital inflows will be so big that BTC's market cap will soar like skyrocket. I think a $1m BTC is plausible by then. Besides market prices and mainstream acceptance, Bitcoin will also have increased transaction capacity as a result of subsequent network upgrades from the developer team. At least, that's what many Bitcoiners hope for.

A cheaper and faster Bitcoin, means better adoption by people worldwide. In the crypto/Blockchain world, a decade is a lot of time. Many things can happen by then. I'd continue to increase my stack of BTC, and forget about the rest.

[JayJuanGee]

This is because, right now, it is not yet fully separate from old ways of money in terms of BTC.

That seems to be a lame view.
Bitcoin is a paradigm shifting technology that allows for the direct transfer and storage of both information and value, and various current systems are currently trying to co-opt it and control it.  Sure, we don't know the outcome of such ongoing battles (changes), yet I doubt that bitcoin is as connected and/or matched with status quo information, finance and/or value systems as you are wanting to argue it to be.

Perhaps guys do not realize that bitcoin is a paradigm shift as it’s the first of its kind and has no pre-existence, brought about change in the way people use, see and know money but perhaps it seem like not a good percentage of people including forum members and people outside the forum knows much about what a paradigm bitcoin is, yet it seem to me that bitcoin has more definition of money more than fiat or any other currency seem to have as its the only currency with a good level of scarcity unlike fiat which is limitless and can be printed at any given time.

For sure, bitcoin has out monied money, and people do not seem to recognize that aspect of bitcoin.   Of course, the market has also not recognized that bitcoin has out monied money, yet at the same time, bitcoin is not guaranteed to succeed even though it is more than 10x better than gold and also more than 10x better than any of the fiats, including the dollar which is currently the top of the fiats.

Perhaps one of the reasons why it seems like bitcoin hasn’t recognized as the only currency which have out monied money  is the fact that people decided to pay deaf ears and turn blind eyes to it even though it’s very obvious that bitcoin is a better money but perhaps if they seem to recognize that and make it public then they may not be fulfilling the obligations to preserve the fiat as a tool to tax people by printing it without limit hence it’s true that a lot of people has already known the fact that bitcoin isn’t just mere currency but paradigm and/or a better currency, even though it has not been widely adopted to a very large extent yet it seem to have been penetrating every part of the world in a continuous and gradual process.

However, bitcoin isn’t guaranteed to succeed yet it has shown more proves of it’s strength over the years hence it’s better to be in the risk of bitcoin not succeeding than be a low coiner or worst be a no coiner.

I would not want to suggest that those who get bitcoin are smarter than those who don't since there are various ways that we might get bitcoin or not get bitcoin or maybe we don't really get bitcoin, but we are fantasizing about bitcoin working and so far we happen to be on the right side of the trade.

It is not necessarily easy to get bitcoin.  It is abstract, and sure there are a lot of abstract things that people get, yet it still has to sink in and get repeated .. and even though bitcoin resembles some earlier monies, such as gold and such as abstract payment systems, there still are some combination of things that also can be difficult to get, which is how governments interplay with bitcoin and how governments are currently having some troubles figuring out how to attack it, even though I think that the various current ways of attempting to co-opt bitcoin are forms of attack that may or may not be successful.

Yet, the investment thesis is not really weakened or the rationale for getting involved in bitcoin is not undermined either, yet people are going to continue to be reluctant, since they likely have to see a concrete use case, such as the debasement of the dollar.. but they don't even likely want to believe that they are ongoingly being robbed from by the government, so even if some folks are skeptical of the government, not everyone is so willing to accept the various devious ways of the government and act upon their knowledge in order to hedge their own finances and psychology with bitcoin.

There are even smart people who are economists who do not seem to either know what it bitcoin or they believe that bitcoin's features are not sufficiently good to make bitcoin better than money.

I recently heard a very seemingly smart economist go on the Peter McCormack show and argue that money has to have an infinite supply, as if the ongoing printing of money is a feature rather than a bug, and he was arguing that the printing was for our own good rather than serving as a silent tax.

I don't know what brings those kinds of folks around to bitcoin, so they might be anti-bitcoin until they die..

Of course some economist serve as tools to governments yet I’m not claiming that Peter might be one but they seem to be pro-government defenders and as such everything that has to do with government seems right in their own eyes even though it hurts them deep yet openly agreeing to the pain is such difficulty, however people like Peter sometimes do partake on some of the things they might probably criticize in public yet may invest in secret just like Peter sheriff who later asked for bitcoin as donation for his birthday.

Excessive printing of money of course is a bug but for someone who is pro-fiat will probably not agree that it’s a bug instead argue for its defense, perhaps if infinite printing of fait describes money then scarcity is not part of the features of fait hence bitcoin is 10x better money than any fiat.

Furthermore, I probably won’t be surprised to here that some pro-fiat people like Peter McCormack has some secretive bitcoin yet make such statements in support of fiat to keep their career as economist hence securing there political position in future.

You seem to be mixing up Peter McCormack with someone else. I was referring to McCormack interviewing an economist, and yeah, I am not clear about the extent to which these guys are push-overs for the state, and my more narrow point just relates to the topic of money supply coming up and an otherwise intelligent conversation seemed to fall off the rails towards the end.

I will provide the interview for reference and the part that I was referring to is towards the end, perhaps the last 10-ish minutes of the interview.     https://overcast.fm/+AALCsGHvNu4

Sometimes we have to pay attention, since sometimes topics or viewpoints can be just slipped in, and we can wonder how the position that is taken is a solid position, since sometimes otherwise smart people (who we consider to be correct on a variety of topics) will have viewpoints that we consider quite difficult to reconcile with our own views and/or perhaps what we had considered their viewpoints to be in regards to other topics...

I even have some of my own views that I changed over the years, and sometimes I think that "I used to think that, and now I think this," and sometimes I am not completely convinced that my current way of thinking on certain topics is superior than my old way of thinking on those same topics.

There are some topics that I cannot resolve, and I feel bad about them since I cannot really resolve them.

At the same time, we cannot necessarily know that the most scarce, fungible and non-centralized form of money known to man is going to be able to survive since no kind of money so scarce has ever existed..... so in some sense, those of us who are ongoingly investing our time, energy and money into bitcoin, we have to be careful in terms of the possibility that bitcoin does not continue to grow as it seems to be doing now and/or that bitcoin and its value proposition don't end up getting undermined.

So even though the winning of bitcoin seems to be a quite compelling story, it is still not guaranteed to prevail.. even though it seems way better to have some investment into bitcoin rather than staying a no coiner or low coiner as so many normies seem to be stuck in such a status.

Just like I seem to have said earlier, of course nothing is guaranteed on earth not even life itself yet it’s better guys grabs the opportunity that probably may not last forever by investing in bitcoin now, however that is not even a guarantee that bitcoin will continue to go up in terms of price yet it’s a better risk than risking into some kind of shits and/or not risking at all (no coiner/low coiner).

I am not comfortable arguing about what should be rather than what is.  Of course, many of us argue that more people should get more exposure to bitcoin, and there is ONLY so much that any of us can do in that direction.
 

In some sense any of us who both know about bitcoin and have acted upon our knowledge of bitcoin to invest time, energy and money into it, we are advantaged by the asymmetric information place that we still continue to find ourselves, even though bitcoin has been live for nearly 17 years. .and yeah, more and more people have heard the word bitcoin, yet hardly any have any clues in regards to what bitcoin is, and if they do have some ideas, they tend to be quite wrong about it, even guys who have been active on forums like this one..

In my opinion guys who seem to have had the word bitcoin and yet have no clue or knows little about it and yet seem not to use the knowledge they have in my opinion are nothing better than someone who haven’t heard or has no clue of what bitcoin is.

You seem to be fighting the whole world.  There are all kinds of folks who have heard the word bitcoin, yet they have no fucking clue what it is, even though if you ask them, they will give you an opinion.  

To me, it seems more healthy to work with people from where they are at, rather than expecting them to know more than they do and/or t know more than they think that they know.

Sometimes, later in life I come to realize that I was wrong about an opinion that I had at an earlier point in life... yet it can sometimes take a long time to change my thinking.
 

Hence someone who haven’t heard anything about bitcoin is yet far better than a zero coiner because at some point when they probably get the opportunity they might invest or might not yet which is far better than someone who knows, and is fully aware how far bitcoin has come over the past 17 years decides to be a zero coiner, I would say one who hasn’t heard of the word bitcoin is better of. However, we can not force than bitcoin down the throat of anyone yet at the end I would probably not entertain complains from such individuals.

Probably one of the advantages of going back and forth with someone is to figure out what they know about bitcoin, since some people might have heard about bitcoin, yet they are not really sure about what it is, and so some people might be more receptive to hearing what we have to say about bitcoin.  Yet, sometimes people we talk with about bitcoin, they might go out and do some of their own homework on bitcoin, and so then the next time we talk with them, they might form opinions that are contrary to our own or they might give credibility to someone they ask or they might have "trusted sources," so they will consult with their "trusted source."

It is likely correct that it is easier to deal with people who have open minds, yet sometimes our own ways of interacting can cause obstacles, too.

Hence in my opinion guys really need to understand the rule bitcoin played and is still playing terms of how people use money as digital currency is the new age money hence bitcoin as of 2009 was the first and only digital currency that has equality of comparison as in terms of calling it a digital gold however its usage as means of payment has changed the concept of being called a digital gold hence bitcoin is money and more money than fiat or any other currency has ever been.

Normies are not just going to come around to that understanding without putting quite a bit of brainpower into it and also studying the matter and also getting past the disinformation that continues to float in a lot of places.

Yeah, we have more podcasts about bitcoin and more access to the information, yet so many folks still either don't believe the various podcast information and/or they don't spend enough time studying dee cornz so that they can come to more correct perspectives in regards to what bitcoin is and wahat purposes bitcoin is serving in modern times.

Right! The level of informations we have this days are much more than the earlier days of bitcoin however it seem like not everyone likes to put in effort or some level of brainpower to have a better understanding of anything not excluding bitcoin, hence that is why we can see people running to companies to help them hold their investments including bitcoin,

Some people will look into matters and others will get assistance from others.  Some folks don't mind studying subjects and others might ONLY get their information through Tic Tok or maybe some sources that we might consider to not be reliable.

We can choose if we consider to interact with these people on the topic of bitcoin if they are in our friend circle or in our relative circle.
 

this has led me to understand that even though people may have free access to information if it’s not preached to them they seem not to find evidence for themselves why it’s good or bad to get involved in anything however, they want everything served ready without any personal efforts.

 Some people are bumps on a log... and don't seem to have a lot of deep thoughts.

For instance, even though noncustodialism is preached yet not a good percentage of people use it in the forum hence they prefer their coins to be hold in a centralized exchange or where they seem to be convinced with the illusion that ever happens to their coins they can be able to retrieve them by suing an exchange yet there is a lot of information on how to set up a self custodial wallet yet not a good number will like to go through such stress, relating that to the level of podcast that talks about bitcoin yet a very low number of people are will to put in the work to learn or have a better clue of what bitcoin is.

Maybe some folks have to lose coins before they get inspired to learn self-custody.

There are going to continue to be problems with both custodians and also holding bitcoin through ETFs or treasuries or through other derivative products.  Sometimes people do not know the difference, and they might have to get burned before they realize the difference.  

i don't mind the idea of keeping 10% or so of our holdings on exchanges and/or through various third-party services, and yeah of course, if the amount is only a few $100 dollars then maybe it does not matter so much as compared with someone who might have most of their networth in bitcoin.

it can be a pretty tough lesson if someone spends 10 years or more accumulating bitcoin, yet they never learn the difference between self-custody and holding their coins through various 3rd parties, and maybe they don't end up getting screwed, yet maybe they end up getting locked out of their coins or have other issues related to the fact that they did not know how to self-custody their coins.

I have a friend who is the older brother of my friend.  He had some questions about bitcoin and he was distracted into various kinds of products that were being offered but they were not bitcoin and they were getting various kinds of BTC price exposure.  

I had thought the guy to be pretty smart, and I even thought that he still owned his own home, and then I found out that he had sold his house about 5-ish years ago, and he had been holding various forms of bonds.  I told him that was the dumbest thing that he could do with his money, and I really could not continue the conversation since from my perspective what he was doing was so dumb, and I told him that he would have had been way better off to keep his money in real estate and his family home, and he said that his wife would need to be convinced.... and they are like in their 60s.. so you would think that they should know better, but they don't, and so sometimes there is ONLY so much that any of us can do in terms of talking with folks who seem to not understand the debasement angle of money.

[₿itcoin]

The next decade would have birth on two consecutive halving experience after four years of intervals, you can now imagine what the people would be having after they must have invested by now, until the people take their time in knowing the benefits of bitcoin invest and taking the necessary steps to experience it, they may always be working around without more focus about what could make it more profitable to them to invest in it.

Yes. But more than the halving, is the increasing acceptance of BTC as a store of value among governments, banks, and institutional investors. Within 10 years, capital inflows will be so big that BTC's market cap will soar like skyrocket. I think a $1m BTC is plausible by then. Besides market prices and mainstream acceptance, Bitcoin will also have increased transaction capacity as a result of subsequent network upgrades from the developer team. At least, that's what many Bitcoiners hope for.

A cheaper and faster Bitcoin, means better adoption by people worldwide. In the crypto/Blockchain world, a decade is a lot of time. Many things can happen by then. I'd continue to increase my stack of BTC, and forget about the rest.

Although the halving was once considered the biggest catalyst for Bitcoin's growth, its widespread adoption is perhaps a more significant catalyst in shaping Bitcoin's current value. Fixed supply cannot create value without real demand, therefore, adoption is a key factor influencing the price of Bitcoin.

I'm not sure, and I don't expect, Bitcoin to reach $1 million in the next 10 years. Because we need a lot of money, and Bitcoin reaching a market capitalization of over $21 trillion is not an easy feat. Bitcoin could absolutely reach the 1 million, but it will probably take much longer. 10 years is too short a time, IMO.

[rojan]

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

More specifically, it's easy to resell after purchase, which is why so many new investors have emerged because they've already gained confidence in Bitcoin. Those new to Bitcoin can also learn about the unique methods used by veteran investors who are still very happy to hold Bitcoin, so that new investors can immediately eliminate any worries about holding Bitcoin. While Bitcoin's price fluctuations have indeed influenced most people to view Bitcoin as an opportunity in their lives, investors who already believe in Bitcoin typically buy more frequently, regardless of whether the price is falling or rising, because their goal is to hold and accumulate more Bitcoin each month.

You have brought up a critical issue of volatility as a risk and a catalyst to the development of Bitcoin. The price fluctuations that emerge around Bitcoin attract many investors especially due to the fact that such opportunities do not exist in more stable investments. Such volatility has made Bitcoin very liquid and easy to trade which of course invites new players to the markets. With time, when individuals acquire experience, most of them change to a more conviction-based trading nature than a short-term trading one. The long-term believers do not pay much attention to the movements of prices in the day and more so, to accumulation, purchase both declining and advancing markets. This combination of traders and long-term holders may still help in adoption, liquidity and general maturity of the market in the next decade.

[liasbaa]

The next decade would have birth on two consecutive halving experience after four years of intervals, you can now imagine what the people would be having after they must have invested by now, until the people take their time in knowing the benefits of bitcoin invest and taking the necessary steps to experience it, they may always be working around without more focus about what could make it more profitable to them to invest in it.

Yes. But more than the halving, is the increasing acceptance of BTC as a store of value among governments, banks, and institutional investors. Within 10 years, capital inflows will be so big that BTC's market cap will soar like skyrocket. I think a $1m BTC is plausible by then. Besides market prices and mainstream acceptance, Bitcoin will also have increased transaction capacity as a result of subsequent network upgrades from the developer team. At least, that's what many Bitcoiners hope for.

A cheaper and faster Bitcoin, means better adoption by people worldwide. In the crypto/Blockchain world, a decade is a lot of time. Many things can happen by then. I'd continue to increase my stack of BTC, and forget about the rest.

Although the halving was once considered the biggest catalyst for Bitcoin's growth, its widespread adoption is perhaps a more significant catalyst in shaping Bitcoin's current value. Fixed supply cannot create value without real demand, therefore, adoption is a key factor influencing the price of Bitcoin.

I'm not sure, and I don't expect, Bitcoin to reach $1 million in the next 10 years. Because we need a lot of money, and Bitcoin reaching a market capitalization of over $21 trillion is not an easy feat. Bitcoin could absolutely reach the 1 million, but it will probably take much longer. 10 years is too short a time, IMO.

I accept your objective argument. Individual holders have been a huge catalyst for Bitcoin adoption to this point. It has only been a few years since whales entered the market, which has become an even bigger catalyst. I found online that in 2010 there were less than 1k active Bitcoin addresses, although this is an estimate. At that time, no one could have imagined that Bitcoin would reach its current price level.

A recent analysis shows that there are currently 480-500 million active Bitcoin wallets. Of these, 1 million wallets contain one full Bitcoin. And 54 million wallets contain less than one full Bitcoin. The dynamic growth of increasing holders is likely to increase in the future.

Over the next 10 years, Bitcoin adoption at both the individual and institutional levels will continue to grow, as will the price due to the constant supply. So, although it may seem like a fantasy to many, it is not impossible for Bitcoin to reach 1 million in the next 10 years.

Source: https://www.bleap.finance/blog/how-many-people-own-bitcoin