2020 will be a material year for crypto. What do you think? - page 6.

CryptoBry

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Quote from: hendra147 on December 31, 2019, 11:12:10 AM

Quote from: deadthings on December 31, 2019, 11:06:57 AM

Bitcoin still has lots of problems but with problems come big opportunities. Price of bitcoin will go up if we see increase in bitcoin adoption along with increase in speed and reduction in transaction fee. I think these are the areas which need to be addresses before we see bitcoin becoming a mode of payment.

bitcoin not have many issue, the problem is only 1 "regulation" , but if goverment accept bitcoin, people will have new habbits to use cryptopayment across the world, and they are will use bitcoin to payamnet and maybe $USD just a conversion rate

There is a big and high hope that Bitcoin will one day be a global currency people everywhere are using. I don't however believe that regulation (the presence of) is the problem as opposed to lack of it. We need regulation because there are many people who are not going to join cryptocurrency when they feel that their money or investment in cryptocurrency are not protected by existing laws of the land. With regulation comes recognition. It is the lack of good and viable regulation that is the problem. And that is what China is doing now, no regulation no recognition the official policy is banning Bitcoin and cryptocurrency.

I could not imagine how the market will react if the China government will be announcing that they are going to regulate and therefore allow Bitcoin to be openly utilized and traded in China. There would be a big boom with Bitcoin if that can be happening but knowing China this is still a far off dream. Regulation can be opening a wider market for Bitcoin. You see, it is really the lack of regulation that is the problem and not the other way around.

blckhawk

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There is progress, but I think it's slower than expected. Bitcoin needs to have progress this year or else, Ethereum might dominate Bitcoin in terms of real-world usage and adoptability. Though Bitcoin still has some of its glory and dominance, it still needs to improve and deliver the expected performance to be viable and to compete with other altcoins. Though they can always work hand in hand, the network shouldn't remain stagnant for this year.

btc_angela

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Quote from: hatshepsut93 on December 31, 2019, 12:37:42 PM

Quote from: BrewMaster on December 31, 2019, 11:46:06 AM

the only small change (which still is the repetition of the past) is that when bitcoin price starts shooting up in 2020 we will start seeing a lot of cryptocurrencies come out of nowhere and be pumped for a little while before dumping again.

I don't think it's that certain, alts were suffering greatly ever since the 2017 bubble has popped, more and more people start to see that altcoins = shitcoins, and even coins from top 10 like TRON and XRP get criticized more often than they are praised - this is something that wasn't the case a few years ago.

Because a few years ago there are a lot of irrational buyers, lots and lots of newbie buying the hype. But they got burned in 2018, became smart in 2019 and not just pouring their money just like it is 2017. So maybe there could be new crypto who will try to ride the hype in 2020 or 2021, but it will have a hard time getting to investors because they mature and learn their lesson from the 2017 debacle.

sunsilk

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Quote from: deadthings on December 31, 2019, 11:06:57 AM

Bitcoin still has lots of problems but with problems come big opportunities. Price of bitcoin will go up if we see increase in bitcoin adoption along with increase in speed and reduction in transaction fee. I think these are the areas which need to be addresses before we see bitcoin becoming a mode of payment.

Bitcoin is already a mode of payment ever since, if you can remember the pizza guy he paid bitcoins for those pizzas and how is it that its like that bitcoin isn't yet a mode of payment for you? The reduced fee has improved from last year and this 2019.

But compare to other altcoins, there are more cheaper than that but it's bitcoin and you can't compare it with altcoins that's totally different to it. If 2020 will be the year of crypto, let's all hope that transactions wouldn't be delayed and expensive. Because the last time we've been on bull run, the network was congested, attacked and spammed.

aoluain

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Quote from: alyssa85 on December 31, 2019, 12:07:00 PM

Quote from: coinycoiny on December 31, 2019, 10:07:56 AM

Didn't someone say the same last year?

There was quite a lot of material progress in 2019. Price was around $3500 at the start of the year, it's now about $7,200. So double. One of the best asset performances across the world.

That's pretty good progress. If we end next year doubling again at $14,000, that will be extremely good progress too.

And it will most likely surpass that $14,000 price point at some stage, but that's
par for the course so to speak, Peak's and troughs

Development will continue, trading and speculation will continue as will fud and fomo, more of the same...
but we hopefully will come out the other end healthier.

puertorikosena

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Bitcoin as a locomotive pulls the entire cryptocurrency market for itself, and in the first place it all depends on the developers and the community, which promotes the ideas and technologies that Bitcoin is based on. Next year will be no less interesting and exciting than 2019.

hatshepsut93

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Quote from: BrewMaster on December 31, 2019, 11:46:06 AM

the only small change (which still is the repetition of the past) is that when bitcoin price starts shooting up in 2020 we will start seeing a lot of cryptocurrencies come out of nowhere and be pumped for a little while before dumping again.

I don't think it's that certain, alts were suffering greatly ever since the 2017 bubble has popped, more and more people start to see that altcoins = shitcoins, and even coins from top 10 like TRON and XRP get criticized more often than they are praised - this is something that wasn't the case a few years ago.

rdluffy

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People are expecting the halving, this fact alone is big enought to dictate the price for 2020, this is what I think
BTC devs are improving BTC everyday, and 2020 looks promising, but we should look on how price will be affected by the halving

alyssa85

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Quote from: coinycoiny on December 31, 2019, 10:07:56 AM

Didn't someone say the same last year?

There was quite a lot of material progress in 2019. Price was around $3500 at the start of the year, it's now about $7,200. So double. One of the best asset performances across the world.

That's pretty good progress. If we end next year doubling again at $14,000, that will be extremely good progress too.

BrewMaster

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i don't think 2020 is going to be any different for cryptocurrencies than all the previous years. the only small change (which still is the repetition of the past) is that when bitcoin price starts shooting up in 2020 we will start seeing a lot of cryptocurrencies come out of nowhere and be pumped for a little while before dumping again.

as for bitcoin, its development is an ongoing thing. and it will continue as 2019, and all the years before. LN started 2 years ago and it has been growing. all other proposals such as taproot, schnorr,... have also been developing all this time.

ChrisPop

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Bitcoin has had a rapid growth so far both in terms of adoption and price development. In my opinion the new decade will just accelerate the process. I expect new features and ways in which consumers and business together will be able to interact with blockchains in general. With the halvening right around the corner - well.. a few months away - I'm sure we're going to have a very exciting year.

My prediction is that start-ups will be the ones which will drive the adoption of Bitcoin and blockchain. We need fresh thinking and brainstorming on how to inspire and convince people that Bitcoin is the better and more efficient currency/store-of-value.

Artemis3

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Quote from: malekbaba on December 31, 2019, 09:59:36 AM

Honestly I think BTC will make progress , not only in price progress but also technical development will be happened. And we, most of the crypto lover dont focus upon that point. It is Lightening network. The core team is working on it. The team will implement new changes to support basic multi paths payment. There will be 2 new technologies, splicing and dual funding. And both of them will improve the user experience.
And halving will make mining more expensive and production cost will correlates the ultimate market value of btc.

I'm only waiting for 0.1 sat/B tx, and maybe quantum crypto mitigations, but other than that not really much.

If anything, LN support belongs to wallets, ie. Electrum v4. How well (or bad) they implement it might alter its popularity. To me LN usage is a very rare situation where you somehow need "instant" approval. Most things can be bought in advance without the need for this.

Yes i guess core can still make things easier for LN, but its a lot of effort for something which is only rarely needed in my opinion.

I don't believe in mining to be correlated to bitcoin's market value. The value of things depend not on production cost, but on usefulness to those that buy it. It IS subjective. It is more valuable to me because i can do things i cannot do with my fiat. I am sure your fiat can do more things than mine, so you won't value it the same as i do.

Yes, its the sell refrigerators to Eskimos thing, not how much the refrigerator was to manufacture. Or, you are in the Sahara desert and you have gold but not water, and you are about to die and someone comes with plenty of water willing to part with it for your gold. You just don't care what that gold mining cost was... This is a fundamental principle in Austrian economics.

Youghoor

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Quote from: malekbaba on December 31, 2019, 09:59:36 AM

Honestly I think BTC will make progress , not only in price progress but also technical development will be happened. And we, most of the crypto lover dont focus upon that point. It is Lightening network. The core team is working on it. The team will implement new changes to support basic multi paths payment. There will be 2 new technologies, splicing and dual funding. And both of them will improve the user experience.
And halving will make mining more expensive and production cost will correlates the ultimate market value of btc.

No one can actually predict what 2020 has for the entire crypto space and cryptocurrency market. We just need to have an open mind and expect anything. 2020 may either come with a lot of surprises or failures. We just need to keep our fingers crossed...

hendra147

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Quote from: deadthings on December 31, 2019, 11:06:57 AM

Bitcoin still has lots of problems but with problems come big opportunities. Price of bitcoin will go up if we see increase in bitcoin adoption along with increase in speed and reduction in transaction fee. I think these are the areas which need to be addresses before we see bitcoin becoming a mode of payment.

bitcoin not have many issue, the problem is only 1 "regulation" , but if goverment accept bitcoin, people will have new habbits to use cryptopayment across the world, and they are will use bitcoin to payamnet and maybe $USD just a conversion rate

deadthings

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Quote from: malekbaba on December 31, 2019, 09:59:36 AM

Honestly I think BTC will make progress , not only in price progress but also technical development will be happened. And we, most of the crypto lover dont focus upon that point. It is Lightening network. The core team is working on it. The team will implement new changes to support basic multi paths payment. There will be 2 new technologies, splicing and dual funding. And both of them will improve the user experience.
And halving will make mining more expensive and production cost will correlates the ultimate market value of btc.

Bitcoin still has lots of problems but with problems come big opportunities. Price of bitcoin will go up if we see increase in bitcoin adoption along with increase in speed and reduction in transaction fee. I think these are the areas which need to be addresses before we see bitcoin becoming a mode of payment.

pjcaruci

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I think we're in for a change, but I'm afraid it's only going to get worse. We just have to wait.

coinycoiny

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Didn't someone say the same last year?

malekbaba

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Honestly I think BTC will make progress , not only in price progress but also technical development will be happened. And we, most of the crypto lover dont focus upon that point. It is Lightening network. The core team is working on it. The team will implement new changes to support basic multi paths payment. There will be 2 new technologies, splicing and dual funding. And both of them will improve the user experience.
And halving will make mining more expensive and production cost will correlates the ultimate market value of btc.

Topic: 2020 will be a material year for crypto. What do you think? - page 6. (Read 1432 times)