Bitcoin value in the next future 50 years- rubbish or global currency?

[hunnaryb]

I believe it is not a rubbish. Bitcoin can be a global currency depending upon the acceptance and the adoption of the society which also includes the full support from the Government and the banking systems. And though next 50 years is a very long span of time but that is possible.

That's Correct.

But as per my knowledge I believe thinking of next 50 years would be not relevant. I think we should think of next 10 to 15 years and its going to be great for the bitcoin community as a investors and many chances that bitcoin would be a global currency every individual and honest person is waiting for that day to come.

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[1Referee]

2. With the increase in the price of bitcoin, there are many new crpto-currency in the markets,
This bring to a new questions, since there are not authrity that can controlled crpto-currency,
those new crypto-currency will eventually create chaos in the market.

The only place altcoins create chaos is in the altcoin section of this forum. Most people don't take altcoins serious. Which is a good thing as most of these coins are P&D coins.

[johnyj]

A special currency suitable for special uses, mostly anti-inflation long term saving and international remittance, but since you seldom get it in the form of income, it will not be used widely

[stromma44]

It can be a global currency of future depending upon the adoption rate of the people. If everyone start using bitcoin as a mode of payment and every shop or retailers start accepting bitcoin as a mode of payment it can soon replace the fiat currency and then no need of banks too.

[Amph]

50 years is too long of a prediction, we can't even predict what price will be tomorrow and you want us to predict the future of bitcoin in 50 years

one can only base his opinion on probability here, i say that probably it would not be rubbish or global currency but it should reach a good spot in the world economic system

[maku]

It can be a global currency of future depending upon the adoption rate of the people. If everyone start using bitcoin as a mode of payment and every shop or retailers start accepting bitcoin as a mode of payment it can soon replace the fiat currency and then no need of banks too.

Banks can operate on bitcoin as well as on "traditional" money, so they wont just despair even if btc will be dominant.
As for bitcoin being global currency, it takes more then just "being popular" currency that everyone uses.

[nerFohanzo]

50 years is too long of a prediction, we can't even predict what price will be tomorrow and you want us to predict the future of bitcoin in 50 years

one can only base his opinion on probability here, i say that probably it would not be rubbish or global currency but it should reach a good spot in the world economic system

Ya thats true that it is really difficult to predict the future of bitcoin for next 50 years but if you ask me about next 5 to 10 years then it will reach to a next level so without thinking of next 50 years its better to concentrate on present and believe its a right time to invest.

[Erdogan]

Bitcoin is already a global currency - it was from the start.

[Bitcoin_BOy$]

I don't think bitcoin can resist for 50 years , but if did I don't think we can see less than 5000$ per bitcoin ,
the price won't pump a lot  .

Bitcoin Boy .

[r1f696]

i think when you imagine for 50 years, its to early for now, cause when look from 2009 until now, rate, difficult, and block are change and its to much if btc can survive until next 50 years, im predict maybe for 10 until 25 years btc gonna be survive 

[aso118]

i think when you imagine for 50 years, its to early for now, cause when look from 2009 until now, rate, difficult, and block are change and its to much if btc can survive until next 50 years, im predict maybe for 10 until 25 years btc gonna be survive 

It is very difficult to even predict for 5 years.
If you ask people who were involved with Bitcoin early on, I doubt if they would have foreseen the rise to $1000 or fall to $200

[Rmcdermott927]

I think/hope the value will grow with each block reward halving.   I think the most significant spike will occur during the next having in 2016 as that is a huge change.   It will have to be coupled with continued demand obviously.

[oblivi]

In 50 years 1 BTC will be the global standard of value, gold will have been long time ago deprecated by it. Being one of the 21 million people that owns 1 BTC will put you in the 0.1% of world's wealth.

[gentlemand]

I think/hope the value will grow with each block reward halving.   I think the most significant spike will occur during the next having in 2016 as that is a huge change.   It will have to be coupled with continued demand obviously.

I think the halving after that will be the most significant. Annual coin inflation will be down to 1.8% by then and the financial instruments will be very established and widespread. If a much healthier amount of demand exists at that point we will see some genuine deflationary effects.

[arallmuus]

I think the halving after that will be the most significant. Annual coin inflation will be down to 1.8% by then and the financial instruments will be very established and widespread. If a much healthier amount of demand exists at that point we will see some genuine deflationary effects.

Halving will have nothing to do with the value unlike some goods which economics laws is applied into.
Economic laws : less supply high demands will increase the price for the goods

BTC currently has a low demands on it which means that even if the supply of the coins were to drop , it will not have a severe effect for the value. As we see, BTC is currently most used to gain some profit through trading , which means that the supply in circulation actually has no effect to the price since the value will be based on the trading orders and it can be easily manipulated though

[zendantom]

I think/hope the value will grow with each block reward halving.   I think the most significant spike will occur during the next having in 2016 as that is a huge change.   It will have to be coupled with continued demand obviously.

Money may be digital all over the western world, but it has now some real competition, and competition always helps the customer. Bitcoin is not going to become the primary global currency, but it will for the rest of the world to catch up to what bitcoin can do for every person who uses it.

[MyBTT]

There is really no way to know what is going to happen to Bitcoin in 50 years. People can only offer their own predictions about what is going to happen. I believe that Bitcoin will still be around in 50 years, and it will be worth a lot. But who knows? I guess only time will tell what is going to happen to Bitcoin.

[Maskedman]

Definitely global currency. Definitely not rubbish, lol.

[helloeverybody]

I think in 50 years time bitcoin will be long gone, either completely redundant or just replaced by a better version. either that or it will be worth hundreds of thousands but i will be dead probably anyways so doesnt really matter =p

[tolikkk]

anyway , after being a computer and the more diversity and has everything in a larger number of people and connected by a network and expect to receive the money or something like that and having a goal of money and the cost of any and characteristics of commodity-money relations are imposed , will bitcoin the currency of the world, show up in time, people in search of the usual form and meet already existing form with the same content will have the original intended, but the tools are already created make it easy to manage this process