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Author Topic: The future of Bitcoin  (Read 119554 times)
coynedterm
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April 17, 2017, 09:39:31 AM
 #1101

I can only hope that the future will further bitcoin soars
and will be recognized by the government indonenia
Yeah , As our understanding and willing​ is simple for the bitcoin but in reality the bitcoin is really a secret for the governments of the many countries .
Since few of the countries accepted bitcoin as legal and Trusted way for the payment but few of them banned , so here the future of the bitcoin is in some miserable condition where bitcoin needed to  be supports by the all countries .
So here your government didn't declared bitcoin as a good thing and officially declare that the bitcoin use is allows in that country legally . In this way the bitcoin can easily grow .

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April 17, 2017, 09:44:09 AM
 #1102

That part in the increase of illegal transaction that have been made is right. I have seen it with my own eyes where people are trading drugs and will just use their phone for payment. Even with those kind of things it is getting modern.
msarro
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April 17, 2017, 09:52:24 AM
 #1103

Well, I hope that bitcoin is able to change into a better economic system, making people more creative in making money, and reducing unemployment. I think bitcoin will realize it all in a few years to come.

Bitcoin has already reduced the rate of unemployment in third world countries where people are earning a good living only from bitcoins so even if they don't have a job they don't have to worry as bitcoin is taking best care of them.

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April 17, 2017, 09:56:19 AM
 #1104

That part in the increase of illegal transaction that have been made is right. I have seen it with my own eyes where people are trading drugs and will just use their phone for payment. Even with those kind of things it is getting modern.

I also sew on TV news how drug dealers used dark web to order drugs and paid with bitcoin.
Because of such news many people are very skeptic about bitcoin.
I don't think that it's realistic that bitcoin becomes official currency anywhere because of luck of any control, decentralization etc.
Bitcoin will remain just as alternative to official currencies and it's all.

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choppork
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April 17, 2017, 09:57:07 AM
 #1105

The future of bitcoin for me is depend on it's popularity because bitcoin is based on the supply and demand law so if many people will use bitcoins in their everyday lives the bitcoin price will go up because the supply will be lessen, So the future of bitcoin is depend on the people.
Yes agree, bitcoin depends popularity, bitcoin must explore and adopt by big world companies such as google, yahoo or microsoft. if like it, too difficult if accept to the government.

Microsoft is already accepting bitcoins. Has it changed anything? I hardly think so. Google, Yahoo, and Microsoft might all start accepting bitcoins but they are not going to promote it at all. They are not going to persuade people to use bitcoins. They will still focus on their own products although these large companies accepting bitcoins will serve as an announcement to non-bitcoin users that such thing exists.

I'm still thinking that it's Amazon or Ebay which should accept bitcoin as a payment method so people will realize how big the fees they are paying when using Paypal. Those that have the time will surely research about bitcoin and use it instead.

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Xenophoto
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April 17, 2017, 10:04:57 AM
 #1106

The future of Bitcoin really depends the outside factors (which means us people). Bitcoin won't go too far if it weren't for us, luckily the acceptance of it gave it a worldwide attention enough to make some countries' government take action. With that being said the government has an important role for its future as well because if it make Bitcoin legal in their country it will be followed by businesses that will accept it. Bitcoin is a great concept we just need to support it in terms of legality and acceptance.

The government have to make some announcement first before legalizing bitcoin gets some effect. Bitcoin is totally legal right now because otherwise, most people wouldn't be here. I haven't seen a thread linking to a video about someone getting arrested because he used bitcoins or because he's accepting bitcoin as a payment method.

Or by government making bitcoin legal, did you mean that the government is declaring bitcoin as an official currency? I don't think it will ever happen since the coin is unregulated, decentralized, and it totally opposes their ways.

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April 17, 2017, 10:07:25 AM
 #1107

Well, I hope that bitcoin is able to change into a better economic system, making people more creative in making money, and reducing unemployment. I think bitcoin will realize it all in a few years to come.

Bitcoin has already reduced the rate of unemployment in third world countries where people are earning a good living only from bitcoins so even if they don't have a job they don't have to worry as bitcoin is taking best care of them.
Based on what? bitcoin is a currency and not company, you're talking without any relevant proof, let me guess, to increase your posts? it's my first time seeing a currency could reduce the amount of unemployment, such a joke.

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April 17, 2017, 10:13:29 AM
 #1108

Steam already accept bitcoins too
The future of bitcoin for me is depend on it's popularity because bitcoin is based on the supply and demand law so if many people will use bitcoins in their everyday lives the bitcoin price will go up because the supply will be lessen, So the future of bitcoin is depend on the people.
Yes agree, bitcoin depends popularity, bitcoin must explore and adopt by big world companies such as google, yahoo or microsoft. if like it, too difficult if accept to the government.

Microsoft is already accepting bitcoins. Has it changed anything? I hardly think so. Google, Yahoo, and Microsoft might all start accepting bitcoins but they are not going to promote it at all. They are not going to persuade people to use bitcoins. They will still focus on their own products although these large companies accepting bitcoins will serve as an announcement to non-bitcoin users that such thing exists.

I'm still thinking that it's Amazon or Ebay which should accept bitcoin as a payment method so people will realize how big the fees they are paying when using Paypal. Those that have the time will surely research about bitcoin and use it instead.
Steam already acept bitcoins too
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April 17, 2017, 10:42:21 AM
 #1109

Well, I hope that bitcoin is able to change into a better economic system, making people more creative in making money, and reducing unemployment. I think bitcoin will realize it all in a few years to come.

Bitcoin has already reduced the rate of unemployment in third world countries where people are earning a good living only from bitcoins so even if they don't have a job they don't have to worry as bitcoin is taking best care of them.
Based on what? bitcoin is a currency and not company, you're talking without any relevant proof, let me guess, to increase your posts? it's my first time seeing a currency could reduce the amount of unemployment, such a joke.

Please stop being dumb. He's not talking about bitcoin alone but the whole bitcoin world. There's tons of bitcoin companies out there here on the Internet.

Hasn't fiat reduced the unemployment rate? Without money, everyone will just be lurking around, talking to each other, doing trivial stuffs, etc. or we can also imagine chaotic stuffs like everyone will be killing each other for survival.

I think what he was trying to say was that a lot of people from third world countries used to do nothing at all. But with bitcoin, a lot of opportunities opened. As a student, I can only make money while at home. It will be extremely tiring for me to have a part time job since I'm already exhausted by the time I get home from school. Since there's bitcoins and a lot of bitcoin companies are out there, I had the opportunity to make money from bitcoins.

Without money, everyone will be unemployed. Imagine a world without fiat.

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April 17, 2017, 10:48:05 AM
 #1110

The future of bitcoin looks good to me as it has grown like crazy in just span of 8 years and still there is very much room for improvement in coming years too so if it keeps on getting support from the people then I don't see anything wrong with its future.

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April 17, 2017, 11:38:31 AM
 #1111

The future of bitcoin looks good to me as it has grown like crazy in just span of 8 years and still there is very much room for improvement in coming years too so if it keeps on getting support from the people then I don't see anything wrong with its future.
yeah you are right that the future of bitcoin will be too much good and bitcoin future will be perfect because a lot of people are adopting bitcoin in the future.

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April 17, 2017, 11:42:37 AM
 #1112

The future of bitcoin for me is depend on it's popularity because bitcoin is based on the supply and demand law so if many people will use bitcoins in their everyday lives the bitcoin price will go up because the supply will be lessen, So the future of bitcoin is depend on the people.
yes that is right, that the future of bitcoin is depending on the popularity of bitcoin users and their interested in bitcoin. if they are interested in bitcoin and are investing their money here then bitcoin will have bright future.

Yes the future of bitcoin will depend on its demand and the number of users using bitcoins and if people will stop using bitcoins then only it will be having an threat of getting disappeared but I don't think that will ever happen in near future.

Other than the demand for bitcoins, it also depends on the usage of bitcoin in the society and key business. It depends  on how the govt. will react to the adoption of bitcoins in the society.
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April 17, 2017, 01:13:08 PM
 #1113

I always believed that later the price rose up and always go up, even if you later certainly the price will fall down because time and time again to change back the original again his price.

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April 17, 2017, 02:57:42 PM
 #1114

The future of bitcoin for me is depend on it's popularity because bitcoin is based on the supply and demand law so if many people will use bitcoins in their everyday lives the bitcoin price will go up because the supply will be lessen, So the future of bitcoin is depend on the people.
yes that is right, that the future of bitcoin is depending on the popularity of bitcoin users and their interested in bitcoin. if they are interested in bitcoin and are investing their money here then bitcoin will have bright future.

Yes the future of bitcoin will depend on its demand and the number of users using bitcoins and if people will stop using bitcoins then only it will be having an threat of getting disappeared but I don't think that will ever happen in near future.

Other than the demand for bitcoins, it also depends on the usage of bitcoin in the society and key business. It depends  on how the govt. will react to the adoption of bitcoins in the society.

If people are made aware about bitcoins then I am sure they will start adopting it looking at the benefits attached with it but I don't that Government will ever support bitcoins and if Government bans then many people will stop using bitcoins.
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April 17, 2017, 04:15:57 PM
 #1115

I always believed that later the price rose up and always go up, even if you later certainly the price will fall down because time and time again to change back the original again his price.
you're right, definitely the longer bitcoin prices will be higher. it has been proven if you look back. first bitcoin prices are very low, currently the price is so high. and I feel that the price of bitcoin will not stop here. the price will definitely go up in the near future. is likely to exceed $ 1,300 or even higher.

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April 17, 2017, 04:18:32 PM
 #1116

I always believed that later the price rose up and always go up, even if you later certainly the price will fall down because time and time again to change back the original again his price.
you're right, definitely the longer bitcoin prices will be higher. it has been proven if you look back. first bitcoin prices are very low, currently the price is so high. and I feel that the price of bitcoin will not stop here. the price will definitely go up in the near future. is likely to exceed $ 1,300 or even higher.

1300 will be achieve in next couple of months but I am very much interested to see that when it touches the price of $1500 as most of the users are holding their coins so that they can sell when the price reaches there in order to make huge profits.

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April 18, 2017, 02:25:18 AM
 #1117

I always believed that later the price rose up and always go up, even if you later certainly the price will fall down because time and time again to change back the original again his price.
you're right, definitely the longer bitcoin prices will be higher. it has been proven if you look back. first bitcoin prices are very low, currently the price is so high. and I feel that the price of bitcoin will not stop here. the price will definitely go up in the near future. is likely to exceed $ 1,300 or even higher.

1300 will be achieve in next couple of months but I am very much interested to see that when it touches the price of $1500 as most of the users are holding their coins so that they can sell when the price reaches there in order to make huge profits.

Reaching 1,500 USD per bitcoin is very probable. As we can observe from bitcoin value's track, it is going up and this scenario will surely happen. I think it is wise to hold your bitcoin even if it reaches that vallue, 1,500, because it may rise again. It is advisable to hold more bitcoin to gain more profit.
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April 18, 2017, 02:33:15 AM
 #1118

The future of bitcoin is not pridectable completly a mistry because honestly it is the first time of something like bitcoin exist and as we know all the good thinks have some bad side too so its hard to guess what will come in the near future from it
I am unable to completely agree with the you, still I do not have any doubts about the future of bitcoin system. Because bitcoin system has all the flexibility to adopt future requirements. So, based on future developments and requirements bitcoin will be enhanced to suit them.
I agree with your opinion about the lack of hesitations bitcoin in the future, bleak as in my country that had been bitcoin has not been in use for needs but is now widely in use payment using bitcoin in my country. getting ahead I have no doubt bitcoin, in the future will be more and more developed BTC.
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April 18, 2017, 02:49:19 AM
 #1119

I always believed that later the price rose up and always go up, even if you later certainly the price will fall down because time and time again to change back the original again his price.

It is going to go up in the end, I'm been basing my speculations right now with it's chart. At first, I'm having hard time to do so but upon seeing others depend on it too, I say that the future of bitcoin is really great. And if ever you are going to have a lot of it in the future, that is going to secure your future and you'll be at good hands.

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April 18, 2017, 07:24:04 AM
 #1120

The future of bitcoin is not pridectable completly a mistry because honestly it is the first time of something like bitcoin exist and as we know all the good thinks have some bad side too so its hard to guess what will come in the near future from it
I am unable to completely agree with the you, still I do not have any doubts about the future of bitcoin system. Because bitcoin system has all the flexibility to adopt future requirements. So, based on future developments and requirements bitcoin will be enhanced to suit them.
I agree with your opinion about the lack of hesitations bitcoin in the future, bleak as in my country that had been bitcoin has not been in use for needs but is now widely in use payment using bitcoin in my country. getting ahead I have no doubt bitcoin, in the future will be more and more developed BTC.

I am confident that bitcoin will develop. Many countries are already taking bitcoins. Infrastructure is developing more and more. The popularity of bitcoin has grown significantly over the past year
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