Bitcoin in the next decade

[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.

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.
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Thanks for sharing so much detail about your own experience. It is worth noting and I hope many forum members read it, so few old experienced users share this very journey.

For me, particularly, Bitcoin journey was the middle/end of my trading journey. I spent more time in forex than in Bitcoin, and sadly, more time in altcoin than in Bitcoin, hence it was my realization after many years to come to my explanation of 'habits' and 'addiction' and the element of gambling in traders.

So I always tell people DCA is the best way to get rid of most of the problems.

But like you said habits. They can even affect DCA, which is again on display the last few months when you see on this very forum people advicing DCA and yet to wait for 'dips'. DCA is so simple, and so beautiful, we often try to make it better not realizing our old habits of trading (gambling) are what is surfacing.

[bhadz]

So I always tell people DCA is the best way to get rid of most of the problems.

I also say the same thing and it's a real talk to my friends if ever they have kept on asking me what I am doing. They think of what I do as a good thing for them to copy. But I tell them they should have their plans as well of what's better for how they invest and hold with Bitcoin. They don't have to make it complicated for themselves and wait for someone's validation of what's better for their holdings.

But like you said habits. They can even affect DCA, which is again on display the last few months when you see on this very forum people advicing DCA and yet to wait for 'dips'. DCA is so simple, and so beautiful, we often try to make it better not realizing our old habits of trading (gambling) are what is surfacing.

I am one of those that could be guilty of this.

[Fara Chan]

For real though, the vibes are off lately. Feels like the whole thing’s getting gentrified. The new wave is just here for the bag, zero clue about the OG cypherpunk spirit. All these KYC CEXs and gov-friendly ETFs? That's the Trojan horse, bro. They're diluting the sauce—turning a rebellion into a regulated asset. Mainstream adoption came at the cost of the soul. The plebs on X calling privacy scammers? Peak clown world. The devs and nodes are the last line, but let's not pretend there ain't politics there too. It's a slow creep, but we're losing the plot

First of all, I'd like to welcome you to this forum, as you just joined today. But what's a little puzzling to me is the atmosphere you're referring to, where the explanation is so unclear. It makes me wonder where the weird thing is. On the other hand, you also mention CEXs and KYC, even though they are part of the requirements when someone uses certain exchange services, which essentially require them. And one more thing that I don't quite understand is when you talk about losing your way but you don't explain what direction you've lost, even though a more concrete explanation is always better than giving it in the form of sarcasm or an analogy.

[MinoRaiola]

One thing i would like to write, the current FIAT system is certain to lose purchasing value in the future. Inflation catch the value of money. A few percent per year, and in 5-10 years it will be very high. So Bitcoin is not only a good alternative in the long term, but also offers an almost unique opportunity for independence. We can decide how much we want to move and we dont need the approval of a third party. A system that is so strongly protected by decentralization is also a wonderful thing. I have written it in few words, but these three things are valuable for me.

[durg0319]

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.

‎You are right about that,  it is adoption that often drives Bitcoin now. The more people, countries, companys or institutions use it , the stronger the demand, which pushes the price up. For Bitcoin to hit $1million in 10 years means that the market would need insane growth to get to that price. I am optimistic about it but anything can happen in the market.

[Emeraldo]

One thing i would like to write, the current FIAT system is certain to lose purchasing value in the future. Inflation catch the value of money. A few percent per year, and in 5-10 years it will be very high. So Bitcoin is not only a good alternative in the long term, but also offers an almost unique opportunity for independence. We can decide how much we want to move and we dont need the approval of a third party. A system that is so strongly protected by decentralization is also a wonderful thing. I have written it in few words, but these three things are valuable for me.

Inflation is affecting fiat seriously and the only we people can escape the fiat system and the inflation that always being down the value is to invest in Bitcoin because the fiat system has nothing to do with the price of Bitcoin or it values.
Bitcoin has been saving us from the fiat depreciation which has been reducing the value of the money we have in the bank. People that have millions of dollars in the bank will be surprised that they don't have the same value of this money when the fund has been there for many years without putting them into investment.

[Smartvirus]

We surely wouldn’t see the same growth rate in a decade and this is largely going to be the case due to the fact that, Bitcoin price has sky rocketed and people remains on the whole, skeptical towards investing in Bitcoin with hopes of making profits out of it as is the case for most now.

People will tend to care for the technology more I hope and we would have everyone using Bitcoin as it ought to while, a good or significant percent would still use it for it’s investment purposes as an asset.

[topbitcoin]

We surely wouldn’t see the same growth rate in a decade and this is largely going to be the case due to the fact that, Bitcoin price has sky rocketed and people remains on the whole, skeptical towards investing in Bitcoin with hopes of making profits out of it as is the case for most now.

People will tend to care for the technology more I hope and we would have everyone using Bitcoin as it ought to while, a good or significant percent would still use it for it’s investment purposes as an asset.

But it cannot be denied that even though not all of them are price-driven, they are all in the same situation where price is always the benchmark in the end.

I agree because it will definitely not be the same in terms of initial development with the current conditions but on the other hand, whether or not we are skeptical of prices I think it goes back to our beliefs because it can be a strong suggestion of the choices we make later.
When from the beginning we are quite skeptical about what is happening then this can make the decisions we make actually not become optimal and even change our minds so in this case as long as we expect a long term in accordance with our investment plan then as much as possible we must dispel feelings of skepticism about future growth because it can interfere with your effectiveness in investing.

[Mandoy]

One thing i would like to write, the current FIAT system is certain to lose purchasing value in the future. Inflation catch the value of money. A few percent per year, and in 5-10 years it will be very high. So Bitcoin is not only a good alternative in the long term, but also offers an almost unique opportunity for independence. We can decide how much we want to move and we dont need the approval of a third party. A system that is so strongly protected by decentralization is also a wonderful thing. I have written it in few words, but these three things are valuable for me.

Bitcoin has some of the strongest long-term arguments, and you have summarized some of them very well. The slow devaluation of the purchasing power of fiat systems is typically not given the serious consideration and in a few decades even a modest level of inflation can severely damage the saving. The fixed supply of Bitcoin provides a nice alternative to that model and provides individuals an opportunity to escape a continuous monetary debasement. In addition to price, the free movement of value without recourse to banks and other third-party certification is a significant change in financial sovereignty. Bitcoin has also gained independence as a tool that will become increasingly relevant in the next decade when used together with decentralization and censorship resistance.

[Hanadawa]

One thing i would like to write, the current FIAT system is certain to lose purchasing value in the future. Inflation catch the value of money. A few percent per year, and in 5-10 years it will be very high. So Bitcoin is not only a good alternative in the long term, but also offers an almost unique opportunity for independence. We can decide how much we want to move and we dont need the approval of a third party. A system that is so strongly protected by decentralization is also a wonderful thing. I have written it in few words, but these three things are valuable for me.

Inflation is affecting fiat seriously and the only we people can escape the fiat system and the inflation that always being down the value is to invest in Bitcoin because the fiat system has nothing to do with the price of Bitcoin or it values.
Bitcoin has been saving us from the fiat depreciation which has been reducing the value of the money we have in the bank. People that have millions of dollars in the bank will be surprised that they don't have the same value of this money when the fund has been there for many years without putting them into investment.

That's why the number of active Bitcoin wallets and users will continue to grow now and in the future. Bitcoin can protect you from inflation (though it doesn't protect you from volatility). It also offers transparent transactions without third-party control. I think in the future, people will become accustomed to transacting thousands or even hundreds of thousands of dollars using Bitcoin. A value of $1 million may seem impossible now. But considering the number of Bitcoin users compared to the human population, I believe it's achievable in the future. However, we also don't know what inflation will be like in the next 10 years. Perhaps $1 million will be equivalent to $500,000 today.

[MiF]

One thing i would like to write, the current FIAT system is certain to lose purchasing value in the future. Inflation catch the value of money. A few percent per year, and in 5-10 years it will be very high. So Bitcoin is not only a good alternative in the long term, but also offers an almost unique opportunity for independence. We can decide how much we want to move and we dont need the approval of a third party. A system that is so strongly protected by decentralization is also a wonderful thing. I have written it in few words, but these three things are valuable for me.

Inflation is affecting fiat seriously and the only we people can escape the fiat system and the inflation that always being down the value is to invest in Bitcoin because the fiat system has nothing to do with the price of Bitcoin or it values.
Bitcoin has been saving us from the fiat depreciation which has been reducing the value of the money we have in the bank. People that have millions of dollars in the bank will be surprised that they don't have the same value of this money when the fund has been there for many years without putting them into investment.

That's why the number of active Bitcoin wallets and users will continue to grow now and in the future. Bitcoin can protect you from inflation (though it doesn't protect you from volatility). It also offers transparent transactions without third-party control. I think in the future, people will become accustomed to transacting thousands or even hundreds of thousands of dollars using Bitcoin. A value of $1 million may seem impossible now. But considering the number of Bitcoin users compared to the human population, I believe it's achievable in the future. However, we also don't know what inflation will be like in the next 10 years. Perhaps $1 million will be equivalent to $500,000 today.

The discussion points to a significant fact about the contemporary financial system: fiat currencies gradually lose the power to purchase because of the inflation. A small annual inflation rate can considerably depreciate the money worth in 5-10 years making long run savers disadvantaged. Bitcoin provides an alternative in that it does not rely on the policies established by the government on the supply of money but has a fixed supply. It is decentralized, enabling people to freely transfer value without going through third parties and this makes it attracting in the long term. Although Bitcoin has not removed volatility, it has demonstrated great potential as a hedge against the depreciation of fiat. With the inflation persisting to hit the traditional savings, the level of Bitcoin adoption will rise and higher valuation can be more practical over the coming decade.

[dan_dony]

One thing i would like to write, the current FIAT system is certain to lose purchasing value in the future. Inflation catch the value of money. A few percent per year, and in 5-10 years it will be very high. So Bitcoin is not only a good alternative in the long term, but also offers an almost unique opportunity for independence. We can decide how much we want to move and we dont need the approval of a third party. A system that is so strongly protected by decentralization is also a wonderful thing. I have written it in few words, but these three things are valuable for me.

Some of the strongest long-term advantages of Bitcoin that you have outlined are very well put. When the expenditure power of fiat money is lost through inflation, it is virtually certain that it will decline over the course of time, despite the fact that it may appear insignificant on an annual scale. The effect is high when it is compounded over ten years. Bitcoin is one of the long-term alternatives since its supply is predetermined and susceptible to monetary growth. Other than preserving the value, the freedom to transfer money without approval of banks or governments is a significant source of financial freedom. Together with decentralization and excellent network security, these characteristics ensure that Bitcoin is uniquely placed in the next ten years.

[slaman29]

So I always tell people DCA is the best way to get rid of most of the problems.

I also say the same thing and it's a real talk to my friends if ever they have kept on asking me what I am doing. They think of what I do as a good thing for them to copy. But I tell them they should have their plans as well of what's better for how they invest and hold with Bitcoin. They don't have to make it complicated for themselves and wait for someone's validation of what's better for their holdings.

Maybe the difference is I tell people who ask me upfront not to follow me because I LOST money in trading (forex mainly) and I lost BTC trading in altcoin but most importantly I lost time in manner of years doing everything.

I told people the only good thing I found was DCA and thats just basically NOT trading But DCA itself is never my advice.

[bhadz]

So I always tell people DCA is the best way to get rid of most of the problems.

I also say the same thing and it's a real talk to my friends if ever they have kept on asking me what I am doing. They think of what I do as a good thing for them to copy. But I tell them they should have their plans as well of what's better for how they invest and hold with Bitcoin. They don't have to make it complicated for themselves and wait for someone's validation of what's better for their holdings.

Maybe the difference is I tell people who ask me upfront not to follow me because I LOST money in trading (forex mainly) and I lost BTC trading in altcoin but most importantly I lost time in manner of years doing everything.

I told people the only good thing I found was DCA and thats just basically NOT trading But DCA itself is never my advice.

I have told my friends to DCA but they seem not to believe that it's effective because they are impatient. But just as what you've said, we've got our own experiences of losing but to recover those, DCA is one way. And each of us can prove that it has worked for many and you can count yourself on it as well because for me it had worked and that's why I'll continue to do it.

[Alone055]

One thing i would like to write, the current FIAT system is certain to lose purchasing value in the future. Inflation catch the value of money. A few percent per year, and in 5-10 years it will be very high. So Bitcoin is not only a good alternative in the long term, but also offers an almost unique opportunity for independence. We can decide how much we want to move and we dont need the approval of a third party. A system that is so strongly protected by decentralization is also a wonderful thing. I have written it in few words, but these three things are valuable for me.

Well, even if fiat systems and fiat currencies lose purchasing power over time, they will still be around, and people will be forced to use them because those in control and in power will not just let Bitcoin and cryptocurrencies take over and replace the current financial systems because that is going to make them lose control over the financial systems of the country, and they can't afford to let that happen controlling the financial sector plays a huge role for a government to run the country and for authorities to be able to make decisions that they deem fit in that sector.

However, it's true that Bitcoin is going to be an important part of everyone's life after a decade or so, and that has already started, but we should remember that Bitcoin and cryptocurrencies will always go side-by-side with the current financial systems and cryptocurrencies, and we will need to accept this fact whether we like it or not, because our liking makes no difference for those who are in control, nor does our privacy has any importance to them. So, we will need to use Bitcoin on the side for privacy, and fiat for other purposes.

[Mahiyammahi]

Okay you can take it as a pessimistic POV but ever since the interest by government and institutions I feel we are losing on decentralization and privacy.
Don't get me wrong, I love to see Bitcoin price rising and adoptions but it's like the reason is rising is flawed. People joining for sometime now are only in it for the potential price increase and care nothing about a decentralized system.

I agree with you, people don't caring bitcoin as a decentralized assets but they are considering it as a money making assets. Nothing much, Satoshi didn't have this vision and I'm repeatedly saying this , introducing bitcoin a blockchain technology to us was simple so that we don't rely on banking channel. But it seems like this decentralized world is getting centralized. To be more simple word , our decentralized world exist on centralized cube.

Would government fold their hands and not try to make devs push a protocol that would favour them? I doubt, I understand we have miners and full nodes for checks and the open source process and peer review make covert protocol changes difficult. But we can't deny that Dev still have some influence (I used them as example since they are smaller in numbers).


I know we survived without government support and can survive without it but What are your thoughts on the direction we heading?

It started with big Public companies, now government involved within it. Government entry pushed bitcoin community another level , but it also creating a centralised loop we all can't get out from this loop. So in this loop we're just having a  decentralized loop

[MinoRaiola]

So, we will need to use Bitcoin on the side for privacy, and fiat for other purposes.

And for our privacy in the future, this will maybe the only way with bitcoin. The addresses are visible online, we should understand how to protect your own security. And I believe that p2p transactions will increase from year to year. So face to face trading will become more attractive. The rules by mica will be the reason for this. The new generation of people understand the internet better, they will understand Bitcoin better than our current generation.

[Byebyebtc]

It would be appreciated if your views are given without being influenced by others considered reputable
I want to understand what people individually feel about this. Thank you.

Okay you can take it as a pessimistic POV but ever since the interest by government and institutions I feel we are losing on decentralization and privacy.
Don't get me wrong, I love to see Bitcoin price rising and adoptions but it's like the reason is rising is flawed. People joining for sometime now are only in it for the potential price increase and care nothing about a decentralized system.

In the early days of Bitcoin people cared more about decentralisation and the growth of the coin than personal growth
But it happens to be that now most users are more interested in their investments growing , but Bitcoin is still decentralised nevertheless no CEO, no one can Chang the rules, what ever government do the coin keeps on running just fine
People may be speculative but the system still remains decentralised.

[AmaGold70]

The government may have control over everything in the country but definitely not Bitcoin, it is a decentralized currency and no body can control it and not even the government no matter how they try to influence it or manipulate the system. Bitcoin is not Fiat currency and the government can throw their tantrums all they want but there's nothing they can do about this one, satoshi understood the assignment and he gave us privacy that can't be tempered with , I can see already that they are furious about this privacy and even if the push the kyc system further it still isn't going to give them full control.

[Cookdata]

In the early days of Bitcoin people cared more about decentralisation and the growth of the coin than personal growth
But it happens to be that now most users are more interested in their investments growing , but Bitcoin is still decentralised nevertheless no CEO, no one can Chang the rules, what ever government do the coin keeps on running just fine
People may be speculative but the system still remains decentralised.

Decentralization used to be one of the characters one can use to win arguments between Bitcoin and other assets but it's not been discussed like before but practically Bitcoin is more decentralize than before. We had less people that were miners and that were node runners but we we have much miner and nodes from different parts of the world that's makes Bitcoin imune, more stronger and better than it ha sneen these past years.

The more we grow the more it becomes decentralize and more efficient and less failing the government will be, most often they are noy bothered about Bitcoin because it's already late at this point.