The future of Bitcoin

[Denker]

http://www.coindesk.com/bank-of-america-cryptocurrency-wire-transfer-patent/

These are all interesting news, I am just afraid that all of these banks will never adopt Bitcoin. Instead, they will develop their own centralized blockchain system where they will be the only rulers as they think they should be.

They are not ready to lay down all of their power and do business in decentralized and very open way. This is just not in their DNA.

What will happen when every bank or government creates theirs own cryptocurrency?
Again they depend on their fiats absolutely, the only advantage they can enjoy may be easy transmitting within their country.
But the purpose of bitcoin is not that one. Bitcoin will solve many financial crisis. So, it's meaningless when a bank or Government creates their own digital money. It's only meaningful when everybody accepts a digital money world wide. That digital money is bitcoin.

Yes creating a own cryptocurrency, again a centralization. So, only solution is Bitcoin. Long live bitcoin!

Then what about alternate cryptocurrncies like Litecoin or Dogecoins....
May be ripple kind of payment system, you are denoting. But if a bank creates a own crytocurrency then it's not a centralization but just another crytocurrency backed by a bank or government.

I don't believe that banks will create coins which can be used by their customers on a daily basis in society. If they create coins they will be used as internal tokens which might be needed to transfer value between several banks. Think about it as internal connected blockchain/blockchains between a number of banks.

[Abiky]

If you ask me about the future of Bitcoin, all I could say is that it is a very bright one. Right now, Bitcoin is suffering from low price and block size issue but just you wait and probably after the next 5 years, you will see Bitcoin rise and become very valuable. In the future, Bitcoin might be accepted as a form of payment from a vast majority of countries from around the world with faster TPS and confirmation times. 

[Oscilson]

I think that the future of bitcoins depends on many other factors.
Firstly the price should be more stable and increasing/decreasing slowly to get more people interested in this payment method.
If this is done then more e-commerces will implement it and boom, the price of bitcoin and popularity will be on maximum.

Yes. Price stability is the key for storing wealth.

[Abiky]

I think that the future of bitcoins depends on many other factors.
Firstly the price should be more stable and increasing/decreasing slowly to get more people interested in this payment method.
If this is done then more e-commerces will implement it and boom, the price of bitcoin and popularity will be on maximum.

Yes. Price stability is the key for storing wealth.

That is true but did you ever thought about the advantages that volatile price have? This could benefit you from buying BTC at low prices and when the price is high, it could be a good asset to exchange for fiat. This makes you earn profit, but at the same time you could lose money too. If we had stable prices, we might not have to worry about price change, but you will miss the benefits of buying low and selling high. Just my opinion. 

[Daniel91]

I think that the future of bitcoins depends on many other factors.
Firstly the price should be more stable and increasing/decreasing slowly to get more people interested in this payment method.
If this is done then more e-commerces will implement it and boom, the price of bitcoin and popularity will be on maximum.

Yes. Price stability is the key for storing wealth.

That is true but did you ever thought about the advantages that volatile price have? This could benefit you from buying BTC at low prices and when the price is high, it could be a good asset to exchange for fiat. This makes you earn profit, but at the same time you could lose money too. If we had stable prices, we might not have to worry about price change, but you will miss the benefits of buying low and selling high. Just my opinion. 

From customer viewpoint this may be good point but from merchant's viewpoint it's very bad point because they have to plan their expenses and income in advance and with BTC it's very difficult to plan anything. If bitcoin loose a lot value customers will be very happy because they will save money but merchants will loose a lot money and have a lot financial and other difficulties.
So, volatile price surely can't help bitcoin to become mainstream.

[electronicfactura]

The future of Bitcoin should be more brighter and prosper than now.I can only say Bitcoin is gold of future.It will be traded same way as gold now when the use of digital currencies with as normal as fiat money and other payment methods.Future is bright and sure for Bitcoin.

[coinplus]

I think that the future of bitcoins depends on many other factors.
Firstly the price should be more stable and increasing/decreasing slowly to get more people interested in this payment method.
If this is done then more e-commerces will implement it and boom, the price of bitcoin and popularity will be on maximum.

Yes. Price stability is the key for storing wealth.

Yes, no one will not to buy a commodity which decreases over time. But case of bitcoin is completely different, but people are not ready for long run. If the people to believe in bitcoin because it has limited supply and amount of supply from block reduces over time, then they will be storing their wealth into bitcoin.

[nobanks4me]

http://www.coindesk.com/royal-bank-of-scotland-trialing-in-house-cryptocurrency/
Sounds like a version of i-coin.

[apriyani420]

i believe that bitcoin price will rise a lot in the future also more and more people will start using it as companies will start accepting it what will make it more popular

[jt byte]

I think that the future of bitcoins depends on many other factors.
Firstly the price should be more stable and increasing/decreasing slowly to get more people interested in this payment method.
If this is done then more e-commerces will implement it and boom, the price of bitcoin and popularity will be on maximum.

Yes. Price stability is the key for storing wealth.

That is true but did you ever thought about the advantages that volatile price have? This could benefit you from buying BTC at low prices and when the price is high, it could be a good asset to exchange for fiat. This makes you earn profit, but at the same time you could lose money too. If we had stable prices, we might not have to worry about price change, but you will miss the benefits of buying low and selling high. Just my opinion. 

Is USD, EUR and other fiat currencies stable? i think yes.
But does it means that people are not earning from trading them? - No
There will be always traders (forex) that will earn/lose in trading, so the same with bitcoin.

[mayax]

Future of Bitcoin? Dead like any other e-currency.

The start up companies will milk the money from stupid investors until the last ones will say STOP. I have read a lot of stories where the start up companies said that they are not interested to provide services to public for "now" but to receive capital from some investors.

Coinbase + others like it are on minus with the renevue and expenses and the investors won't be able to recover 100+ millions invested.

So, this is the future of BTC. Nothing new in the e-currency business. This time, it was made with a lot of media buzz and that's why it is bigger but the end is the same.

You must be mentally sick or novice in this industry to think that this market is not manipulated by few "actors". I know, I know, there is manipulations on all the markets but let's get real . BTC  is backed on nothing...

Once a big exchanger will be down(it will happen very soon), the BTC price will go near to zero where it belongs.

[Amph]

The future of Bitcoin should be more brighter and prosper than now.I can only say Bitcoin is gold of future.It will be traded same way as gold now when the use of digital currencies with as normal as fiat money and other payment methods.Future is bright and sure for Bitcoin.

bitcoin already reached price of gold, not its peak though, but the last high, value and if i'm not mistaken it has surpassed it

next target should be very high for bitcoin to re-acquire the confidence and the trust among those that are still sceptical

[bit2015]

The future is bright.                       

[Hellacopter]

The future of Bitcoin should be more brighter and prosper than now.I can only say Bitcoin is gold of future.It will be traded same way as gold now when the use of digital currencies with as normal as fiat money and other payment methods.Future is bright and sure for Bitcoin.

bitcoin already reached price of gold, not its peak though, but the last high, value and if i'm not mistaken it has surpassed it

next target should be very high for bitcoin to re-acquire the confidence and the trust among those that are still sceptical

I see Bitcoin is the next coming currency for the near future, as you noticed here it's already reached price of Gold, so i think the price stability don't matter a lot, gold also haven't price stability

[Mickeyb]

Future of Bitcoin? Dead like any other e-currency.

The start up companies will milk the money from stupid investors until the last ones will say STOP. I have read a lot of stories where the start up companies said that they are not interested to provide services to public for "now" but to receive capital from some investors.

Coinbase + others like it are on minus with the renevue and expenses and the investors won't be able to recover 100+ millions invested.

So, this is the future of BTC. Nothing new in the e-currency business. This time, it was made with a lot of media buzz and that's why it is bigger but the end is the same.

You must be mentally sick or novice in this industry to think that this market is not manipulated by few "actors". I know, I know, there is manipulations on all the markets but let's get real . BTC  is backed on nothing...

Once a big exchanger will be down(it will happen very soon), the BTC price will go near to zero where it belongs.

You are one very optimistic person I must admit! I don't understand what a heck are you doing on this forum with this point of view? You should sell your account and have a beer from this money and forget about this whole crypto world!

Cheers!

[neonshium]

Future of Bitcoin? Dead like any other e-currency.

The start up companies will milk the money from stupid investors until the last ones will say STOP. I have read a lot of stories where the start up companies said that they are not interested to provide services to public for "now" but to receive capital from some investors.

Coinbase + others like it are on minus with the renevue and expenses and the investors won't be able to recover 100+ millions invested.

So, this is the future of BTC. Nothing new in the e-currency business. This time, it was made with a lot of media buzz and that's why it is bigger but the end is the same.

You must be mentally sick or novice in this industry to think that this market is not manipulated by few "actors". I know, I know, there is manipulations on all the markets but let's get real . BTC  is backed on nothing...

Once a big exchanger will be down(it will happen very soon), the BTC price will go near to zero where it belongs.

You are one very optimistic person I must admit! I don't understand what a heck are you doing on this forum with this point of view? You should sell your account and have a beer from this money and forget about this whole crypto world!

Cheers!

With the freedom of speech, people may babble. But they can not hide the sun with their hand. I just see that post as most entertaining nothing serious with that. He writes about almost all exchanges like he is one of the partner in them. Time will answer everyboady as time is a very big teacher.

[nobanks4me]

http://www.coindesk.com/bny-mellon-blockchain-tech-could-transform-payments/

[wearepoor]

I believe that bitcoin will be popular in future as many people are showing their interest by investing in the bitcoins. As they know that its gonna be a good tool for investment and can give maximum returns on the investment in the future and future of bitcoin totally depends on the adoption of the people. We have already seen increase in the number of bitcoin users, there will be growth in the bitcoin prices but it will take some more years.

[Xenoph0bia]

I believe that bitcoin has very bright future ahead, in coming year we can see good news from many countries about bitcoin. There has been significant increase the bitcoin users and it is getting more and more popular. Every countries should accept and regulate the bitcoins  which is good for the future of bitcoin, i would like to see the prices of bitcoins touched to $ 1000.

[tommorisonwebdesign]

I believe that bitcoin has very bright future ahead, in coming year we can see good news from many countries about bitcoin. There has been significant increase the bitcoin users and it is getting more and more popular. Every countries should accept and regulate the bitcoins  which is good for the future of bitcoin, i would like to see the prices of bitcoins touched to $ 1000.

I agree. Bitcoin has a lot of potential as it is simply better than fiat currency. The only reason the price has been declining is because of the lack of understanding of Bitcoin. If more people understood how the technology worked, the price would soar.