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Author Topic: The future of Bitcoin  (Read 118072 times)
Basspsalmer
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July 27, 2017, 12:15:19 AM
 #1581

I would like to start a discussion about the future of Bitcoin.
The following is my prognosis
The future of Bitcoin
After vears of trying to break the blockchain technology that runs Bitcoin, the bankers and governements finally realized that because blockchiain was a public ledger that kept all transaction and that this ledger could not be hacked or falsified; 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.

The banks and governments decided on another plan called “f you can`t beat them, join them”. They decided that their only chance was to buy up all the Bitcoins. They started small and encouraged Bitcoin`s price to drop by demanding regulation, not realizing that the blockchain is just a public ledger that can not be regulated. The threat of regulation caused the price of Bitcoin to drop, and when the banks and government thought that the price of Bitcoin would not go any lower, they started to buy up Bitcoins. 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. 

Bitcoin became to be used as electronic money that could not be falsified or tampered with and that could be used as electronic cash replacing coins and notes. The banks and governments started to encourage the use of Bitcoin and replaced their coins and notes with Bitcoins. Then they replaced their plastic credit cards with chips that were implanted and that allowed money transactions to be made much faster and conveniently than with Bitcoin. They made their own centralized and regulated version of Bitcoin and called it i-coin.

After i-coin became convincingly more appealing than Bitcoin, i-coin became widely accepted. Bitcoin became outdated and old fashioned and the price of Bitcoin started to drop. Then there came a time where the only ones that were using Bitcoins were the ones that were afraid of the chip implants, and those that were afraid of the corrupt banks.
Then the corrupt criminals got on the Bitcoin bandwagon, and Bitcoins started to be outlawed in many countries. The decentralized Bitcoin miners - the keepers of the public ledger - became scarcer and scarcer and were overtaken by centralized criminal miners.

Bitcoin became what it started out as-. electronic cash for buying illegal goods. Eventually, the criminals took it over to use as their own black cash for trading one illegal good for another. This caused a boom in illegal goods, and made the criminals very wealthy.

The link to the video is below
https://www.youtube.com/watch?v=u48ccZ27wfQ&list=UU9rOAPUfZe3KEja0vvFpe_A
https://www.youtube.com/watch?v=u48ccZ27wfQ&list=UU9rOAPUfZe3KEja0vvFpe_A


I agree that bitcoin will not stay forever of what it is today. There are some risks that can cause bitcoin to be vanished when the time comes.

The rise of i-coin that may cause the bitcoin to sink is somehow believable. Because bitcoin, this time, is not that stable. If their is a cryptocurrency that will rise, more popular than bitcoin. It can summarize the disappearing of bitcoin.

But for now, it is really hard to predict what will happen to bitcoin or what will come next.
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July 27, 2017, 02:29:18 AM
 #1582

I would like to start a discussion about the future of Bitcoin.
The following is my prognosis
The future of Bitcoin
After vears of trying to break the blockchain technology that runs Bitcoin, the bankers and governements finally realized that because blockchiain was a public ledger that kept all transaction and that this ledger could not be hacked or falsified; 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.

The banks and governments decided on another plan called “f you can`t beat them, join them”. They decided that their only chance was to buy up all the Bitcoins. They started small and encouraged Bitcoin`s price to drop by demanding regulation, not realizing that the blockchain is just a public ledger that can not be regulated. The threat of regulation caused the price of Bitcoin to drop, and when the banks and government thought that the price of Bitcoin would not go any lower, they started to buy up Bitcoins. 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. 

Bitcoin became to be used as electronic money that could not be falsified or tampered with and that could be used as electronic cash replacing coins and notes. The banks and governments started to encourage the use of Bitcoin and replaced their coins and notes with Bitcoins. Then they replaced their plastic credit cards with chips that were implanted and that allowed money transactions to be made much faster and conveniently than with Bitcoin. They made their own centralized and regulated version of Bitcoin and called it i-coin.

After i-coin became convincingly more appealing than Bitcoin, i-coin became widely accepted. Bitcoin became outdated and old fashioned and the price of Bitcoin started to drop. Then there came a time where the only ones that were using Bitcoins were the ones that were afraid of the chip implants, and those that were afraid of the corrupt banks.
Then the corrupt criminals got on the Bitcoin bandwagon, and Bitcoins started to be outlawed in many countries. The decentralized Bitcoin miners - the keepers of the public ledger - became scarcer and scarcer and were overtaken by centralized criminal miners.

Bitcoin became what it started out as-. electronic cash for buying illegal goods. Eventually, the criminals took it over to use as their own black cash for trading one illegal good for another. This caused a boom in illegal goods, and made the criminals very wealthy.

The link to the video is below
https://www.youtube.com/watch?v=u48ccZ27wfQ&list=UU9rOAPUfZe3KEja0vvFpe_A
https://www.youtube.com/watch?v=u48ccZ27wfQ&list=UU9rOAPUfZe3KEja0vvFpe_A


The future of bitcoin for now is unpredictable. But due to issues that facing bitcoin right now. It is possible that it can be dominated by other cryptocurrency if there will rise a more popular and more used cryptocurrency.

On the good side of the future of Bitcoin. If it can dominate other cryptocurrency it can be used worldwide and even cause real money to disappear. With the advantages of bitcoin that it can lessen the crimes such as theft, it will be more suitable to use.

Yet, if the stability of Bitcoin will not be reassured it will be difficult to predict what will happen next.

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duyduc256
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July 27, 2017, 03:59:27 AM
 #1583

The future of Bitcoin has been anticipated. For me, Bitcoin will be recognized in all countries, especially in industrial developing countries, if that happens the paper money will disappear forever and people only use virtual currency to trade

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July 27, 2017, 04:04:54 AM
 #1584

I see bitcoin as one of most popular cryptocurrency of the century and I look up that paper money and bitcoin will mege as one for its definite and high value , and bitcoin will soter so much people than can gain profitable investments.

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July 31, 2017, 08:58:17 PM
 #1585

I would like to start a discussion about the future of Bitcoin.
The following is my prognosis
The future of Bitcoin
After vears of trying to break the blockchain technology that runs Bitcoin, the bankers and governements finally realized that because blockchiain was a public ledger that kept all transaction and that this ledger could not be hacked or falsified; 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.

The banks and governments decided on another plan called “f you can`t beat them, join them”. They decided that their only chance was to buy up all the Bitcoins. They started small and encouraged Bitcoin`s price to drop by demanding regulation, not realizing that the blockchain is just a public ledger that can not be regulated. The threat of regulation caused the price of Bitcoin to drop, and when the banks and government thought that the price of Bitcoin would not go any lower, they started to buy up Bitcoins. 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. 

Bitcoin became to be used as electronic money that could not be falsified or tampered with and that could be used as electronic cash replacing coins and notes. The banks and governments started to encourage the use of Bitcoin and replaced their coins and notes with Bitcoins. Then they replaced their plastic credit cards with chips that were implanted and that allowed money transactions to be made much faster and conveniently than with Bitcoin. They made their own centralized and regulated version of Bitcoin and called it i-coin.

After i-coin became convincingly more appealing than Bitcoin, i-coin became widely accepted. Bitcoin became outdated and old fashioned and the price of Bitcoin started to drop. Then there came a time where the only ones that were using Bitcoins were the ones that were afraid of the chip implants, and those that were afraid of the corrupt banks.
Then the corrupt criminals got on the Bitcoin bandwagon, and Bitcoins started to be outlawed in many countries. The decentralized Bitcoin miners - the keepers of the public ledger - became scarcer and scarcer and were overtaken by centralized criminal miners.

Bitcoin became what it started out as-. electronic cash for buying illegal goods. Eventually, the criminals took it over to use as their own black cash for trading one illegal good for another. This caused a boom in illegal goods, and made the criminals very wealthy.

The link to the video is below
https://www.youtube.com/watch?v=u48ccZ27wfQ&list=UU9rOAPUfZe3KEja0vvFpe_A
https://www.youtube.com/watch?v=u48ccZ27wfQ&list=UU9rOAPUfZe3KEja0vvFpe_A


The future of bitcoin for now is unpredictable. But due to issues that facing bitcoin right now. It is possible that it can be dominated by other cryptocurrency if there will rise a more popular and more used cryptocurrency.

On the good side of the future of Bitcoin. If it can dominate other cryptocurrency it can be used worldwide and even cause real money to disappear. With the advantages of bitcoin that it can lessen the crimes such as theft, it will be more suitable to use.

Yet, if the stability of Bitcoin will not be reassured it will be difficult to predict what will happen next.
I don’t think there is much to worry about. The fork will not dump prices further. I personally feel that prices will pump much higher and all those who are holding to bitcoins will end up making huge profits. We just need to be little more patient to enjoy the ride to moon.

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August 01, 2017, 11:25:40 AM
 #1586

Competition is always good.
Ngewex Yuk
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August 01, 2017, 02:10:13 PM
 #1587

Since 6 months I know bitcoin I'm always optimistic with the future will always improve, we can get big profit if want to buy bitcoin now and sell at least a year.

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August 01, 2017, 02:56:36 PM
 #1588

The future of bitcoin is still bright and in fact, we can see it right now and there is no doubt that the market in the future will still be good or even better than the current performance of bitcoin. The future is always there but the only one who are in charge in creating that future is, us. We need to be good in using and maintaining bitcoin so we can have a good future.

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August 01, 2017, 03:06:41 PM
 #1589

bitcoin is future currency,it is popular in future,number of users will increase,now it is legal in some countries and it will legal by world wide.online transactions are very comfortable and no need to depend on the government.small merchants,small budget business also will accept the bitcoins,it used instead of cash also.
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August 02, 2017, 01:36:25 PM
 #1590

sure. After the segwit, bitcoin will perform the faster transaction and the confirmation time is no longer an important issue. People can now believe in bitcoin and ivnest all of their money into this cryptocurrency. The world needs to change and also the people. bitcoin is one of the new technologies in the 21st century. If you does not adapt to this new change, you will become obsolete and poor for the rest of your life

That is certainly true, mate. Every technology needs to adapt to the evolving world. The biggest cryptocurrency in market cap known as Bitcoin needs to adapt to the changes required for it to handle a large amount of transactions from around the world. Otherwise, people will tend to use another cryptocurrency which is faster and capable of handling more transaction load than Bitcoin itself.

As you said earlier, if it can't adapt to the new changes, then it will become obsolete and eventually replaced by better alternatives. However, it seems that the case will be very unlikely as Bitcoin has shown huge support from its miners towards scaling and improving its transaction capacity.

With SegWit becoming active, and an upcoming block size increase to 2mb, Bitcoin will become stronger and better to handle payments in the mainstream world. As of today, Bitcoin Cash is the third largest cryptocurrency in market cap, but I believe that it may be only temporary, and the original Bitcoin will prevail for years to come.

Only time will tell what lies ahead for the future of Bitcoin. Just my opinion. Smiley

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tinhyeumaunang
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August 02, 2017, 02:10:01 PM
 #1591

Bitcoin will not last forever
I predict Bitcoin will not be able to compete with fiat currency that has been widely circulated among all the people of the world, not a guaranteed value of the Bitcoin makes the price move is not fair. In my opinion, the increase in the value of Bitcoin significantly in recent times due to the act of the speculators that applies in a very irrational, it can happen even in economics assumed all humans are rational beings. This is because there is a psychological side of human in making decisions, in this condition will continue to act greedy speculators in
  profit-taking but forget to pay attention to the fundamentals of Bitcoin itself, the attitude of the Chinese Government against Bitcoin should be
wake up call for the speculators to stop pursuing profits from this trade. Although the existence of Bitcoin will not last long, but this situation should the financial institution's need to realize that the increasingly dynamic society requires a more dynamic pattern of transactions anyway, and one way to produce a more dynamic transaction system is to use electronic money or e money
. Unlike the virtual currency , This commodity is money fiat currency is converted in the form of non-cash or less cash
  addition will facilitate economic activity will also encourage greater economic growth as a result of the circulation of money faster....
Does not exist forever, but bitcoin also had a step forward as today. I see people are still investing and trust bitcoin. So I don't think that in the future it will end soon.

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passwordnow
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August 04, 2017, 10:06:56 AM
 #1592

The future of bitcoin is very exciting as the price gets higher day by day. And everyone is taking up a lot of time to earn bitcoin and invest with trading. In the near future, bitcoin will be known by other countries that are still not accepting nor adopting it. They will do the same as Japan and SOuth Korea did last time.

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August 04, 2017, 10:12:44 AM
 #1593

Now the future bitcointalk is very secure especially until next year is definitely more advanced than the others.

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MoneyIsDebt
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August 04, 2017, 10:53:42 AM
 #1594

will not last forever
I predict  will not be able to compete with fiat currency that has been widely circulated among all the people of the world, not a guaranteed value of the  makes the price move is not fair. In my opinion, the increase in the value of  significantly in recent times due to the act of the speculators that applies in a very irrational, it can happen even in economics assumed all humans are rational beings. This is because there is a psychological side of human in making decisions, in this condition will continue to act greedy speculators in
  profit-taking but forget to pay attention to the fundamentals of  itself, the attitude of the Chinese Government against  should be
wake up call for the speculators to stop pursuing profits from this trade. Although the existence of  will not last long, but this situation should the financial institution's need to realize that the increasingly dynamic society requires a more dynamic pattern of transactions anyway, and one way to produce a more dynamic transaction system is to use electronic money or e money
. Unlike the virtual currency , This commodity is money fiat currency is converted in the form of non-cash or less cash
  addition will facilitate economic activity will also encourage greater economic growth as a result of the circulation of money faster....
Does not exist forever, but  also had a step forward as today. I see people are still investing and trust . So I don't think that in the future it will end soon.
i think it is foolish thing to say that bitcoin will came to end in future..
it is almost impossible that it will be end in the future. i know a lot of people who are coming towards it and i think a lot of people attracting toward bitcoin only by seeing the rise in it price since 2009 which makes it a very good option to invest in it other than gold or some real state.

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janedt
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August 04, 2017, 11:32:42 AM
 #1595

I'm pretty sure the future of bitcoin is really bright especially with that big price for each coin. People will notice bitcoin and when people start using bitcoin, the price of bitcoin will become more higher and bitcoin can be the next gold or even to be the most popular online currency for online transaction.

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August 04, 2017, 11:44:21 AM
 #1596

I'm pretty sure the future of bitcoin is really bright especially with that big price for each coin. People will notice bitcoin and when people start using bitcoin, the price of bitcoin will become more higher and bitcoin can be the next gold or even to be the most popular online currency for online transaction.
I agree with you . There are now many people who prefer to use Bitcoin as a means of payment because it is easier in life. I think in the future Bitcoin can replace cash and banks will have to use Bitcoin

Susie_Mich
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August 04, 2017, 11:45:55 AM
 #1597

The Buying process of Bitcoins will have to be made much more simpler than it is at present. All indications point that the process will get more streamlined, so buying bitcoins will be an easy task.
In most countries (US included), companies that trade Bitcoins onto the local currency would be regulated. More exchange companies will mushroom. Undecided
cryptojac17
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August 04, 2017, 12:40:59 PM
 #1598

The Buying process of Bitcoins will have to be made much more simpler than it is at present. All indications point that the process will get more streamlined, so buying bitcoins will be an easy task.
In most countries (US included), companies that trade Bitcoins onto the local currency would be regulated. More exchange companies will mushroom. Undecided
Yes I agree simplification the usage of Bitcoins would make this currency more popular and may company will use and be recognized, at present  it is quit complicated to those people who are not so familiar with the process, but once it become simple and they can realized how simple & versatile bitcoin is maybe there might be a paradigm shift in the market place.

Tungsten-1
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August 04, 2017, 01:17:26 PM
 #1599

I'm pretty sure the future of bitcoin is really bright especially with that big price for each coin. People will notice bitcoin and when people start using bitcoin, the price of bitcoin will become more higher and bitcoin can be the next gold or even to be the most popular online currency for online transaction.
I agree with you . There are now many people who prefer to use Bitcoin as a means of payment because it is easier in life. I think in the future Bitcoin can replace cash and banks will have to use Bitcoin
I am agree with you that bitcoin will be made more proper currency in future because many people like this coin and also they prefer to bitcoin that we will use bitcoin as a payment due to this bitcoin goes to more popularty when it will use as a payment and may be it can replace cash because bitcoin users are increasing.

choppork
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August 04, 2017, 02:32:28 PM
 #1600

The Buying process of Bitcoins will have to be made much more simpler than it is at present. All indications point that the process will get more streamlined, so buying bitcoins will be an easy task. In most countries (US included), companies that trade Bitcoins onto the local currency would be regulated. More exchange companies will mushroom. Undecided
I live in a third world country and buying bitcoins here isn't hard at all. Like, not at all. You can buy bitcoins in convenience stores. If you have 7-11 in your country, chances are they also have it there. You can use the machine to buy bitcoins and then that's it. Your problem is already solved. It's as if you just bought bitcoin from a store. No hassle at all and the process time takes only about 15 minutes.

I'm pretty sure the future of bitcoin is really bright especially with that big price for each coin. People will notice bitcoin and when people start using bitcoin, the price of bitcoin will become more higher and bitcoin can be the next gold or even to be the most popular online currency for online transaction.
I agree with you . There are now many people who prefer to use Bitcoin as a means of payment because it is easier in life. I think in the future Bitcoin can replace cash and banks will have to use Bitcoin
I am agree with you that bitcoin will be made more proper currency in future because many people like this coin and also they prefer to bitcoin that we will use bitcoin as a payment due to this bitcoin goes to more popularty when it will use as a payment and may be it can replace cash because bitcoin users are increasing.

Bitcoin's population is increasing but not in the pace that it will replace cash. I don't think bitcoin will ever replace cash at all. A lot of people knows about bitcoin but only few of us are using it. Only few of us are embracing the idea of it and that will continue to be the case unless big companies and influential people start promoting it.

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