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Author Topic: What is the Future of Bitcoin ?  (Read 76826 times)
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August 03, 2016, 09:41:41 AM
 #1021

Still very much to think like that. Bitcoin still require a lot of changes to be acceptable to many people. Bitcoin prices that can not be stable and not fluctuate very suitable to be used as currency. I prefer bitcoin as short-term investments like this because it could create an advantage for me.

Exactly, bitcoin is not a currency that can be used in place of fiat because its price is changing all the time, sometimes it drops and sometimes it grows, so it is only a good thing for traders but it is not a good thing for people who do other works in which they would need to store their bitcoins and if the price is not stable they wont use it at all.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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August 03, 2016, 09:58:30 AM
 #1022

i think the future of bitcoin is really very good,

It was very good for the future of the bitcoin. But after the Bitfinex hack, people might give it a second thought.
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August 03, 2016, 11:50:09 AM
 #1023

I don't see Bitcoin replacing fiat entirely, least not in this form and not for a very long time. in future, it may happen, that to accomplish offchain transaction, we'll accept some trusted 3rd party.People need time to get familiar with any new technology like bitcoin. Many people do not want to take the risk in the case of their wealth and money that is the reason bitcoin still new to many people.

immerse in a world of continuous changes, and that is why I prefer to be very cautious about my foresights in financial matters (bitcoin included). But I tend to think that nothing will be as we are thinking and future holds great surprises for everybody.
 agree when you say that bitcoin transaction will have a faster than today, and I also felt that the price of bitcoin will rise very high in the future. most likely all places will accept bitcoin.
so that you need to earn more so that you earn higher profit Smiley

happy earnings
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August 03, 2016, 02:16:32 PM
 #1024

i think the future of bitcoin is really very good,

It is not necessary to doubt, because the system is extremely unusual and bitcoin security bitcoin is also very difficult to penetrate the hackers everywhere. Bitcoin wallet unless it is used by all users, because security wallet bitcoin depending on the user and provide security so that only the bitcoin system bitcoin is not experiencing a hacker
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August 03, 2016, 02:25:20 PM
 #1025

i think the future of bitcoin is really very good,

It was very good for the future of the bitcoin. But after the Bitfinex hack, people might give it a second thought.

They will get used to it. If they have been here for quite a while then they will understand. It is a good experience too for first timers that really wants to get into bitcoin investment.
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August 03, 2016, 03:07:53 PM
 #1026

Measures of hacking is the urgent need.
At the moment, Bitcoin is too powerless against fraud and hacking.
If the development team and the bit coin industry was allowed to stand for it,
Future of Bitcoin is dark. Cry
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August 03, 2016, 03:26:12 PM
 #1027

i think the future of bitcoin is really very good,

It was very good for the future of the bitcoin. But after the Bitfinex hack, people might give it a second thought.
definitely right,some people lost their faith on bitcoin because so many hacking case happen

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August 03, 2016, 06:23:57 PM
 #1028

Of course anybody could predict but there is no assurance that our prediction will be right, we should consider that the future of bitcoins is quite good but there is no guarantee that it would happen, there are still possibilities that crisis may happen and that is already beyond our control so let us just pray and hope that bitcoin will remain stable.
oh sorry yes im agree with you anyone can predict also for those called illumanati  Cheesy there's assurance if many people use bitcoins as a payment method or store accept bitcoins as a payment just which that miracle happens wish for the miners and hopefuly bitcoin will become stable and more realiable so that many people will have interest to use bitcoin for future Smiley
Agreed that massive adoption for more stores and more people will helps for a great future of the bitcoin and yes without assurance but if we continue to use bitcoin i think i will happen that bitcoin will be good in the future.
That would certainly happen in the future, it should be the people will start to adopt as businesses will not adopt with a little market seen in the bitcoin economy, we will force them to adopt so we can have a good time spending our money online.
The stores must see some benefits if they are to accept a new payment method to their store. Actually someone need to explain them that the price of bitcoins change is not a negative point, but actually a positive point as they can sell their BTC for fiat instantly or wait for the money to grow.
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August 03, 2016, 06:38:09 PM
 #1029

Of course anybody could predict but there is no assurance that our prediction will be right, we should consider that the future of bitcoins is quite good but there is no guarantee that it would happen, there are still possibilities that crisis may happen and that is already beyond our control so let us just pray and hope that bitcoin will remain stable.
oh sorry yes im agree with you anyone can predict also for those called illumanati  Cheesy there's assurance if many people use bitcoins as a payment method or store accept bitcoins as a payment just which that miracle happens wish for the miners and hopefuly bitcoin will become stable and more realiable so that many people will have interest to use bitcoin for future Smiley
Agreed that massive adoption for more stores and more people will helps for a great future of the bitcoin and yes without assurance but if we continue to use bitcoin i think i will happen that bitcoin will be good in the future.
That would certainly happen in the future, it should be the people will start to adopt as businesses will not adopt with a little market seen in the bitcoin economy, we will force them to adopt so we can have a good time spending our money online.
The stores must see some benefits if they are to accept a new payment method to their store. Actually someone need to explain them that the price of bitcoins change is not a negative point, but actually a positive point as they can sell their BTC for fiat instantly or wait for the money to grow.

It must be happen in the future if more store are accepting bitcoin i hope that locally too will accept bitcoin as payment just like brazil.
They should know about the benefits given by bitcoin for the price increase but the problem is bitcoin price is not always increasing.. they should know it..



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August 03, 2016, 06:44:57 PM
 #1030

In my opinion, Bitcoin will, very soon, replace Paypal and other main payment processors online and become new standard for online payments.
For me, this is very important issue because I'm using this pp a lot.
I also believe that many merchants, online and offline, will accept BTC payments in the future and that we will become mainstream soon.
I also hope that value of bitcoin will jump to the sky Smiley

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August 03, 2016, 07:34:51 PM
 #1031

i think the future of bitcoin is really very good,

It was very good for the future of the bitcoin. But after the Bitfinex hack, people might give it a second thought.
definitely right,some people lost their faith on bitcoin because so many hacking case happen
Hacking can happen with any physical form of storage; you just have to deal with it. There's social engineering and heists with physical storage as well, though, you could argue all day about this, but Bitcoin is just not going to be accepted everywhere anytime soon, at least in the next 5-10 years.
There will probably be slow growth in the next few years, but nothing too significant.
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August 03, 2016, 07:53:34 PM
 #1032

i think the future of bitcoin is really very good,
yes in fact, although the price of bitcoin is really falling down to a very very low level but still i hope that the future of bitcoin will be bright enough, but i will like to add that the future of bitcoin is also depending on the interest of the people if people are taking interest in bitcoin and they are investing their money in bitcoin then the future of bitcoin will really be very bright,
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August 03, 2016, 08:26:33 PM
 #1033

i think the future of bitcoin is really very good,

It was very good for the future of the bitcoin. But after the Bitfinex hack, people might give it a second thought.
definitely right,some people lost their faith on bitcoin because so many hacking case happen
yes hacking is also a factor which lost the faith of the people but the current condition of bitcoin is also responsible for the making people uninterested in bitcoin. as the price of bitcoin is falling too much although now the price of bitcoin take some breathe but it really made people worried, therefore we can say that the future of bitcoin is depending on the faith of the people.
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August 03, 2016, 08:51:59 PM
 #1034

Bitcoin one day become a major mainstream currency alongside the Dollar, the public increases and the currency becomes more widely popular. As more people transact in Bitcoin, the price will increase and bitcoin inturn gets a good future.

Bitcoin would surely become a major currency in the world once it reached mainstream but the biggest thing is to bring it to mainstream and for that some big companies or resources will have to adopt it to start the process of adoption and that would be a great start that can lead it to great success in future.
In some news I heard some big companies are shaking hands with bitcoins ? Also I heard around 4.5 M $ were arranged or should say funds were raised for a new browser. So actually people are participating just we need to wait.
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August 04, 2016, 03:29:50 AM
 #1035

Bitcoin one day become a major mainstream currency alongside the Dollar, the public increases and the currency becomes more widely popular. As more people transact in Bitcoin, the price will increase and bitcoin inturn gets a good future.

Bitcoin would surely become a major currency in the world once it reached mainstream but the biggest thing is to bring it to mainstream and for that some big companies or resources will have to adopt it to start the process of adoption and that would be a great start that can lead it to great success in future.
In some news I heard some big companies are shaking hands with bitcoins ? Also I heard around 4.5 M $ were arranged or should say funds were raised for a new browser. So actually people are participating just we need to wait.
You can see more speculation and prediction in bitcoin that you can read and see in online but we do not ever know if it is going to happen but i think all users of bitcoin will think positive and believed that bitcoin has a great future.
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August 04, 2016, 06:07:36 AM
 #1036

Bitcoin one day become a major mainstream currency alongside the Dollar, the public increases and the currency becomes more widely popular. As more people transact in Bitcoin, the price will increase and bitcoin inturn gets a good future.

Bitcoin would surely become a major currency in the world once it reached mainstream but the biggest thing is to bring it to mainstream and for that some big companies or resources will have to adopt it to start the process of adoption and that would be a great start that can lead it to great success in future.
In some news I heard some big companies are shaking hands with bitcoins ? Also I heard around 4.5 M $ were arranged or should say funds were raised for a new browser. So actually people are participating just we need to wait.
You can see more speculation and prediction in bitcoin that you can read and see in online but we do not ever know if it is going to happen but i think all users of bitcoin will think positive and believed that bitcoin has a great future.

In the long term, the price will go up. But in the short term, I am quite worried. The recent hacks have negative effects.
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August 04, 2016, 11:05:05 AM
 #1037

Bitcoin one day become a major mainstream currency alongside the Dollar, the public increases and the currency becomes more widely popular. As more people transact in Bitcoin, the price will increase and bitcoin inturn gets a good future.

Bitcoin would surely become a major currency in the world once it reached mainstream but the biggest thing is to bring it to mainstream and for that some big companies or resources will have to adopt it to start the process of adoption and that would be a great start that can lead it to great success in future.
In some news I heard some big companies are shaking hands with bitcoins ? Also I heard around 4.5 M $ were arranged or should say funds were raised for a new browser. So actually people are participating just we need to wait.
You can see more speculation and prediction in bitcoin that you can read and see in online but we do not ever know if it is going to happen but i think all users of bitcoin will think positive and believed that bitcoin has a great future.

In the long term, the price will go up. But in the short term, I am quite worried. The recent hacks have negative effects.

Also there is big pump of the ETC version of the Ethereum. If that bubble burst, that will damage the reputation of digital coins as a whole.

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rickadone
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August 04, 2016, 11:40:07 AM
 #1038

This scenario is disturbing to say the least!  Embarrassed
I don't like what the price is doing right now as everytime I look at it, it seems to drop a dollar lower each time. Undecided
It is teetering near the mid century mark and that is a little concerning to me about the future of it's progress.
But remember when it rises it goes from 200$ to 800$ in no time, so i think if it drops by a dollar or two or even 10-20 usd a day that is not a problem. And if you panic too quickly, better change BTC to usd via btc-e and then buy more btc when price is increasing.
richmcrich
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August 04, 2016, 08:34:11 PM
 #1039

Bitcoin one day become a major mainstream currency alongside the Dollar, the public increases and the currency becomes more widely popular. As more people transact in Bitcoin, the price will increase and bitcoin inturn gets a good future.

Bitcoin would surely become a major currency in the world once it reached mainstream but the biggest thing is to bring it to mainstream and for that some big companies or resources will have to adopt it to start the process of adoption and that would be a great start that can lead it to great success in future.

i agree but at the same time i can't accept that bitcoin can ever replace fiat and become a major currency being used in offline transactions as fiat is being used today.

although there is no argument that bitcoin has a real good future ahead of itself because of its potential and many features that it has introduced to the world.
A bit harsh but you are right because for replacing fiat there must be something approved by government, because at the end of chain which started from market the money is deposited to banks and they will not accept bitcoins hence it fails.

But in a scenario of "everything for bitcoin", we can imagine bitcoin can replace fiats and we can completely forget fiats/banks.
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August 04, 2016, 11:05:31 PM
 #1040

Bitcoin can be successful but it is just a fact it is not stable enough to have a bright future. It has to prove itself first that it can handle the news of disaster in the market with out wavering just like the other currency do. They do change but not that much to have people loose $100 of dollars if it shift in a heartbeat.

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