The future of Bitcoin

[jt byte]

I think that 1 year from now the price will be almost the same with dumps and pumps.
Really i would like the price to be increased but i doubt.
The only way to have a better success bitcoin is if it is implemented by popular shops like ebay amazon walmart etc.

Those giants will be forced by the bitcoin popularity and bicoin does not need them for a value appreciation. Bitcoin by itself evolve for better price because it has been designed such a way to higher price over time.

Well there should be a pressure to them because they themselves will not implement.
Since the bitcoin is growing and it's becoming more and more popular
It means that these big shops will understand the bitcoin value, let's hope for the best.

[leex1528]

Well, although no one actually knows what is going to happen.  Here are my thoughts.  It is sort of like the internet.  It was a great concept when it came out, look how far it has come over time. 

Bitcoin could have the same future.  A great concept when it came out, look down the road and the possibilities are endless.

[trafficolaa]

Well, although no one actually knows what is going to happen.  Here are my thoughts.  It is sort of like the internet.  It was a great concept when it came out, look how far it has come over time. 

Bitcoin could have the same future.  A great concept when it came out, look down the road and the possibilities are endless.

Bitcoin created with a great purpose and to be the next generation of currency because current banking system is very slow and transaction which made from one country to another country could take up 6 business day with lot of expanses on it but bitcoin is more secure and faster than old system and transaction almost like nothing so that i think it has great future ahead.

[mayax]

http://www.coindesk.com/commonwealth-central-bankers-raise-bitcoin-policy-questions/

a lot of "bla bla" without any result. in the mean time, Australian banks closed all the bank accounts related to BTC, many countries banned Bitcoin and so on.

Any bank has compliance and any AML and compliance dept. will take very serious things like :

Europol: Bitcoin May Become Sole Currency for EU Cybercriminals

http://www.coindesk.com/europol-bitcoin-european-cybercriminals/

BTC will never be what the BTC media is buzzing all day long, a mainstream currency. BTC is very hard to be understand by the common people, the transactions processing take a lot and it's not safe.

I don't want you to come and saying but neither the banks are not safe. Yes, agree with you but be honest and tell me where would you keep your hard earned money(life savings), in a bank or in BTC?

You will be hypocrite if you will say, Bitcoin.

Please just do me a favour and name only 1 country that officially has banned Bitcoin?

Ask a normal person if they know how a website of the www gets opened over http protocol into their web browser window? 95% will have absolutely no clue what you are takling about. But they all know how to use a web browser and a search engine.
Ask people how a car works. Most don't know.But they know how to drive. Did you get my point?

I wouldn't put all my savings in Bitcoin right now as it still is in very early stages and needs to grow.
But I also wouldn't hold all my savings in fiat money and even worse deposit it in a bank where I know it is not mine.It is loaned.
I would hold my savings outside of banks and diversify as good as possible depending on individual situation.

Hi there,

Here is the favour. I will give you 10 countries which they officially banned Bitcoin not one.

https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/

I can give many more banks which have banned Bitcoin.

BTC is hard to be used by the normal people. It's not the same as www. Come on

You need to download the application. you need to find an exchanger, you must be verified, you need to send a bank wire and then you can use the BTC.

Hard to do it and useless.... when you have credit cards available. BTC will never be what the BTC media is buzzing daily, a currency. BTC will remain a niche and nothing more.

[Febo]

When people realized that the banks and governments were buying up the Bitcoins, the price of Bitcoins soared in an avalanche. This made banks and governments very rich. 

How can you expect that 200 or even more governments or 1000 banks would work something together? IF you see that they cant even agree on something important in UN, not to agree together about some blockchain.

[neonshium]

When people realized that the banks and governments were buying up the Bitcoins, the price of Bitcoins soared in an avalanche. This made banks and governments very rich. 

How can you expect that 200 or even more governments or 1000 banks would work something together? IF you see that they cant even agree on something important in UN, not to agree together about some blockchain.

Yes, not at all possible for governments not banks agree themselves. Actually bitcoin does not require any government approval nor acceptance. It will find it's own way by itself. Because as long as people has faith in bitcoin will grow.

[avatar_kiyoshi]

*snip*
Hi there,

Here is the favour. I will give you 10 countries which they officially banned Bitcoin not one.

https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/

I can give many more banks which have banned Bitcoin.

BTC is hard to be used by the normal people. It's not the same as www. Come on

You need to download the application. you need to find an exchanger, you must be verified, you need to send a bank wire and then you can use the BTC.

Hard to do it and useless.... when you have credit cards available. BTC will never be what the BTC media is buzzing daily, a currency. BTC will remain a niche and nothing more.

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country
yes still more countries which ban bitcoin, why? because it's can't be control by them.

Use bitcoin is never be so hard as you thinking, you're too lazy, maybe you're fans of fiat.

You can exchange with someone around you: localbitcoins.com
download wallet app is like you want to buy a wallet for your fiat on store, moreover bitcoin wallet app is free, just use your bandwidth to download it.

[jt byte]

Well, although no one actually knows what is going to happen.  Here are my thoughts.  It is sort of like the internet.  It was a great concept when it came out, look how far it has come over time. 

Bitcoin could have the same future.  A great concept when it came out, look down the road and the possibilities are endless.

Bitcoin created with a great purpose and to be the next generation of currency because current banking system is very slow and transaction which made from one country to another country could take up 6 business day with lot of expanses on it but bitcoin is more secure and faster than old system and transaction almost like nothing so that i think it has great future ahead.

If you pay high fees on bitcoin transaction then it happened to me that a transaction had been confirmed for 10minutes.
And comparing to the bank with takes lots of days until it reaches the destination +any holiday delay.
In bitcoin there is no holiday delay, no weekend, and no high fee in international transaction. It has a grateful future.

[lavapits]

in the future it will reach really high price

[tommorisonwebdesign]

Bitcoin has a lot of advantages that most people don't realize yet. It is much less expensive to send Bitcoin across the world than it is traditional money. The big problem Bitcoin currently faces is that most people do not actually realize how superior the currency is to fiat. In time I figure, more people will know, and Bitcoin will really take off.

[leex1528]

Bitcoin has a lot of advantages that most people don't realize yet. It is much less expensive to send Bitcoin across the world than it is traditional money. The big problem Bitcoin currently faces is that most people do not actually realize how superior the currency is to fiat. In time I figure, more people will know, and Bitcoin will really take off.

True, it is less expensive but I don't think a lot of people are going to go to Bitcoin just because of the challenege of the technology it presents.  Don't even argue that, think about your aunts, uncles, grand parents who have never used a computer, you are telling me you could convince them to get all their money into something they don't understand?

[mayax]

Bitcoin has a lot of advantages that most people don't realize yet. It is much less expensive to send Bitcoin across the world than it is traditional money. The big problem Bitcoin currently faces is that most people do not actually realize how superior the currency is to fiat. In time I figure, more people will know, and Bitcoin will really take off.

I am paying 0% for any online  and offline shopping by credit cards/debit cards. I can transfer funds  to other person via any payment processor instantly.

Yes, it takes from 1-3 days if I am sending bank wire.I am sending it for a large amount only and I am feeling in safe by using a bank instead of any Bitcoin or Altcoin.

So, I don't see any advantage by using Bitcoin for the "normal people" excepting if they want to play a little with their money by making some bets with BTC trading.

Let's think logical. Why would I keep the money in a system like Bitcoin when we have credit/debit cards? Also, the mobile payments are available.

A BTC transaction takes at least 10 min; the online wallets are not safe at all.

Yes, BTC is good for a niche. I agree with that.

[leex1528]

Bitcoin has a lot of advantages that most people don't realize yet. It is much less expensive to send Bitcoin across the world than it is traditional money. The big problem Bitcoin currently faces is that most people do not actually realize how superior the currency is to fiat. In time I figure, more people will know, and Bitcoin will really take off.

I am paying 0% for any online  and offline shopping by credit cards/debit cards. I can transfer funds  to other person via any payment processor instantly.

Yes, it takes from 1-3 days if I am sending bank wire.I am sending it for a large amount only and I am feeling in safe by using a bank instead of any Bitcoin or Altcoin.

So, I don't see any advantage by using Bitcoin for the "normal people" excepting if they want to play a little with their money by making some bets with BTC trading.

Let's think logical. Why would I keep the money in a system like Bitcoin when we have credit/debit cards? Also, the mobile payments are available.

A BTC transaction takes at least 10 min; the online wallets are not safe at all.

Yes, BTC is good for a niche. I agree with that.

You summed how I feel greatly.  The normal population sees no benefit in Bitcoin right now.  To make matters even worse, Bitcoin wallets aren't 100% safe, you can say the same about bank accounts but more than likely if your bank account gets stolen, they have some protection for you, if your Bitcoin wallet is stolen, goodbye money!

[Djisamsoe]

i need reason for this statement..
Bitcoin could not be stopped or blocked. Like email, and i-porn, it used the internet highway and without destroying the internet and its highways of communication, the blockchain technology could not be blocked.

[p0k3r]

I think that 1 year from now the price will be almost the same with dumps and pumps.
Really i would like the price to be increased but i doubt.
The only way to have a better success bitcoin is if it is implemented by popular shops like ebay amazon walmart etc.

I feel as if Bitcoin would go upwards instead of staying at its current state. Bitcoin also doesn't need to be implemented into stores such as eBay, Amazon or Walmart. (I would love it if it does though. ) I see Bitcoin rising due to the blockhalfing that will happen next year and also just how fast it is growing. Estimate: $425-$450 USD in the next 21 months. Purely a guesstimation.

[Amanda2015]

Due to different background and views of problem, each one has different understanding of Bitcoin. Gates said it was a technological work, while Munger said it was an untouchable rat poison. In some way, what they speak about can be justified.

[ANdr0id]

surely bitcoin won't last forever,but itll certainely last another ~100years or so. bitcoin is life

I agree with this.
Bitcoin will never die. It is a mainstay. How can you kill something that is a fabrication and not substance?

[VirosaGITS]

surely bitcoin won't last forever,but itll certainely last another ~100years or so. bitcoin is life

I agree with this.
Bitcoin will never die. It is a mainstay. How can you kill something that is a fabrication and not substance?

I'm very hopeful for bitcoin. I very much think it will succeed and if it become a more mainstream service and it become used by everyone normally, maybe a time will come where BTC will be insufficient. At which point, the way Bitcoin coin, it would not be hard to create a Bitcoin 2.0 and have BTC evolve into it.

We don't know where the future will take us but we know that we'll adapt to it.

[kfarnan]

Currency isn't the same as sound money.  Until that is changed, there will be problems with economics.  CC could be the replacement money system.  What other system would come close to ease, security, and robustness?  People can't be trusted to control the issuance of any form of fiat currency. 

[mayax]

Bitcoin has a lot of advantages that most people don't realize yet. It is much less expensive to send Bitcoin across the world than it is traditional money. The big problem Bitcoin currently faces is that most people do not actually realize how superior the currency is to fiat. In time I figure, more people will know, and Bitcoin will really take off.

I am paying 0% for any online  and offline shopping by credit cards/debit cards. I can transfer funds  to other person via any payment processor instantly.

Yes, it takes from 1-3 days if I am sending bank wire.I am sending it for a large amount only and I am feeling in safe by using a bank instead of any Bitcoin or Altcoin.

So, I don't see any advantage by using Bitcoin for the "normal people" excepting if they want to play a little with their money by making some bets with BTC trading.

Let's think logical. Why would I keep the money in a system like Bitcoin when we have credit/debit cards? Also, the mobile payments are available.

A BTC transaction takes at least 10 min; the online wallets are not safe at all.

Yes, BTC is good for a niche. I agree with that.

You summed how I feel greatly.  The normal population sees no benefit in Bitcoin right now.  To make matters even worse, Bitcoin wallets aren't 100% safe, you can say the same about bank accounts but more than likely if your bank account gets stolen, they have some protection for you, if your Bitcoin wallet is stolen, goodbye money!

Yes, this is my point. BTC is hard to be understood for the "normal" people and also, this question is like a motto  " Why would I keep the money in a system like Bitcoin when we have credit/debit cards?"
Now, all the exchangers are requiring documents like any bank;some of them are regulated so they report me to tax authorities as well.So, why would I use Bitcoin?