Topic: BitCoin 20 Years From Now - page 3. (Read 70508 times)
that a pretty tough question. Bitcoin is a long term player and won't disappear so easily your are right that this is just an beginning and it has long way to go as many more companies and businesses will start accepting bitcoins which will take bitcoins to a next level and that will bring attention of people who are still not aware about it. So its just a wait and watch policy...
We are now experiencing the efficient, fast and amazing convergence of technologies which one way or the other greatly contributing to the rise of the cryptocurrencies and making Bitcoin as the King of the Hill so far.
Looking into the future...what do you think will be the scenario involving Bitcoin twenty years from now? Will Bitcoin be worth more than a million or will it ceased to exist? Or will a new crytocurrency replace the supremacy of Bitcoin...?
Looking into the future...what do you think will be the scenario involving Bitcoin twenty years from now? Will Bitcoin be worth more than a million or will it ceased to exist? Or will a new crytocurrency replace the supremacy of Bitcoin...?
Well I can say bitcoin would be more than we expected , but nevertheless I'm still asking myself if ever an altcoin can be replace the supremacy of bitcoin? , Bitcoin is the king of all coins , I think in 20 years maybe bitcoin would be still , or bitcoin will change we can't say what the future behold us , but as a optimistic person looking forward to many further surprises of bitcoin.
the technology will certainly continue to grow and there will definitely be new developments again in the field of online transactions and digital assets. bitcoin will continue to exist, but competitors will also continue to emerge. only whether bitcoin is able to maintain its value.
I agree.Bitcoin for sure will survive and continue to grow, for sure new altcoins will be created, blocchain technology will contiue but ai don't know exactly what will happen to the price of bitcoin but if people are still supporting bitcoin, for sure it will become more bigger.
Who created bitcoin?
The developer of the program calls himself Satoshi Nakamoto (Satoshi Nakamoto), he proposed an electronic payment system based on mathematical calculations. The idea was to exchange coins without centralized control, in electronic form, more or less instantly and at the lowest possible cost. More on who Satoshi Nakamoto is
The developer of the program calls himself Satoshi Nakamoto (Satoshi Nakamoto), he proposed an electronic payment system based on mathematical calculations. The idea was to exchange coins without centralized control, in electronic form, more or less instantly and at the lowest possible cost. More on who Satoshi Nakamoto is
Why do people buy up all the bitcoins?
At once I will say that the demand for bitcoins is not really that big. That is, from the total number of people on Earth, only a very small percentage buys, stores and resells these bitcoins. But in relation to the meager offer (3,600 coins in knocking) - yes, the demand is simply gigantic. Therefore, the price is huge.
And the demand is so big for three reasons. And none of them you do not like.
Reason # 1 - Beautiful Legend
Any program has a creator, a living person, of flesh and blood, with its sins and shortcomings. But Bitcoin does not have it. More precisely, he certainly is, but no one knows exactly who it is.
There is only the mythical "Satoshi Nakamoto", which in 2008 for the first time launched the system. But who it is, a person is either a group of people, or a huge corporation - no one knows. Accordingly, this mystery gives the whole system a very attractive entourage. Judge for yourself.
The Legend of Satoshi
Around us is a very cruel and unjust world. Normal boys (like you and me) are forced to work every day to feed themselves. While bankers, financial magnates, owners of currency funds, live simply because they have a crane for money.
They control everything, and rip each of us. And they control all our money, and we are completely dependent on them. They said - pay 25% for the loan, we will pay. They said - the dollar today will cost 70 rubles - and there's nothing we can do about it.
And then the Chosen one comes into this terrible world. He rebelled against the system. He taught the people themselves to earn money, bypassing all these financial bloodsuckers.
The Legend of Satoshi
There is no single control center bitcoins - so no one can take them away from you. Money now belongs to people, not the top ten wealthiest families in the world. This is a new financial and economic system that will free people from the constant "running in the wheel" and make them free and happy.
And no one knows the true name of the Chosen One. No one knows what it looks like. He does this not for his popularity and his own good, but for the sake of Mankind. He's like Neo fighting against the Matrix for our happiness.
This is such a beautiful idea. I do not know how you are, but the "miners" from her probably have goosebumps. They see themselves as the future rulers of this new economy.
Imagine botanists, programmers, who spent the entire middle school in the toilet bowl. Now imagine that they are offered a new system of world control, where they are the stars of the first magnitude. They will try to make it happen.
Such a beautiful legend increases the motivation of the miners, and makes bitcoin ideas popular "among the people" (even if no one understands what it is). But there is a second, even more prosaic reason.
Reason # 2 - Quick enrichment
What do you think is happening with the product, the price of which is growing rapidly, and which can be quickly resold at a higher price? That's right, more and more people want to buy it, then sell more.
That is, the true value of the goods here does not matter. It all depends solely on how many new people are ready to buy, in order to later resell more. Such a rise in prices is called a financial soap bubble.
Financial bubbles arose always, and at all times. As early as 1636 there was a so-called "tulipanomania" or "tulip fever". There, prices for bulbs of tulips grew even faster than today's bitcoins.
And also simply because a lot of people wanted to buy them not in order to benefit from their purchase (to grow for their enjoyment or to eat), but for the fact that the next day to resell more.
Is it possible to pay bitcoins
The same is observed when the price of any currency starts to rise sharply. The dollar was 30p. - rose to 50p, all ran to buy dollars, and as a result it grew to 100r., All ran to buy even faster. And so on, until the price reaches its peak.
There is a limit beyond which people will not pay either for tulip bulbs or for bitcoins. At some point, some of the holders of currencies will decide that the price is already high enough - and you need to sell. But there are no buyers. It always does.
Then they will slightly reduce the price to buy. Then a little more. And as a result, the financial bubble will burst in an instant. No bulbs that are not needed will float on the waters of Juliana Canal, traders will conduct litigation between themselves, and whoever has not managed to get rid of the bulbs will lose their money forever.
All this is called a simple word - "greed". And the purchase of something with the expectation that the price will increase and we will be able to sell more than buy it is called a game of "the last fool."
At once I will say that the demand for bitcoins is not really that big. That is, from the total number of people on Earth, only a very small percentage buys, stores and resells these bitcoins. But in relation to the meager offer (3,600 coins in knocking) - yes, the demand is simply gigantic. Therefore, the price is huge.
And the demand is so big for three reasons. And none of them you do not like.
Reason # 1 - Beautiful Legend
Any program has a creator, a living person, of flesh and blood, with its sins and shortcomings. But Bitcoin does not have it. More precisely, he certainly is, but no one knows exactly who it is.
There is only the mythical "Satoshi Nakamoto", which in 2008 for the first time launched the system. But who it is, a person is either a group of people, or a huge corporation - no one knows. Accordingly, this mystery gives the whole system a very attractive entourage. Judge for yourself.
The Legend of Satoshi
Around us is a very cruel and unjust world. Normal boys (like you and me) are forced to work every day to feed themselves. While bankers, financial magnates, owners of currency funds, live simply because they have a crane for money.
They control everything, and rip each of us. And they control all our money, and we are completely dependent on them. They said - pay 25% for the loan, we will pay. They said - the dollar today will cost 70 rubles - and there's nothing we can do about it.
And then the Chosen one comes into this terrible world. He rebelled against the system. He taught the people themselves to earn money, bypassing all these financial bloodsuckers.
The Legend of Satoshi
There is no single control center bitcoins - so no one can take them away from you. Money now belongs to people, not the top ten wealthiest families in the world. This is a new financial and economic system that will free people from the constant "running in the wheel" and make them free and happy.
And no one knows the true name of the Chosen One. No one knows what it looks like. He does this not for his popularity and his own good, but for the sake of Mankind. He's like Neo fighting against the Matrix for our happiness.
This is such a beautiful idea. I do not know how you are, but the "miners" from her probably have goosebumps. They see themselves as the future rulers of this new economy.
Imagine botanists, programmers, who spent the entire middle school in the toilet bowl. Now imagine that they are offered a new system of world control, where they are the stars of the first magnitude. They will try to make it happen.
Such a beautiful legend increases the motivation of the miners, and makes bitcoin ideas popular "among the people" (even if no one understands what it is). But there is a second, even more prosaic reason.
Reason # 2 - Quick enrichment
What do you think is happening with the product, the price of which is growing rapidly, and which can be quickly resold at a higher price? That's right, more and more people want to buy it, then sell more.
That is, the true value of the goods here does not matter. It all depends solely on how many new people are ready to buy, in order to later resell more. Such a rise in prices is called a financial soap bubble.
Financial bubbles arose always, and at all times. As early as 1636 there was a so-called "tulipanomania" or "tulip fever". There, prices for bulbs of tulips grew even faster than today's bitcoins.
And also simply because a lot of people wanted to buy them not in order to benefit from their purchase (to grow for their enjoyment or to eat), but for the fact that the next day to resell more.
Is it possible to pay bitcoins
The same is observed when the price of any currency starts to rise sharply. The dollar was 30p. - rose to 50p, all ran to buy dollars, and as a result it grew to 100r., All ran to buy even faster. And so on, until the price reaches its peak.
There is a limit beyond which people will not pay either for tulip bulbs or for bitcoins. At some point, some of the holders of currencies will decide that the price is already high enough - and you need to sell. But there are no buyers. It always does.
Then they will slightly reduce the price to buy. Then a little more. And as a result, the financial bubble will burst in an instant. No bulbs that are not needed will float on the waters of Juliana Canal, traders will conduct litigation between themselves, and whoever has not managed to get rid of the bulbs will lose their money forever.
All this is called a simple word - "greed". And the purchase of something with the expectation that the price will increase and we will be able to sell more than buy it is called a game of "the last fool."
We are now experiencing the efficient, fast and amazing convergence of technologies which one way or the other greatly contributing to the rise of the cryptocurrencies and making Bitcoin as the King of the Hill so far.
Looking into the future...what do you think will be the scenario involving Bitcoin twenty years from now? Will Bitcoin be worth more than a million or will it ceased to exist? Or will a new crytocurrency replace the supremacy of Bitcoin...?
I believe bitcoin prices continue to rise as seen from the fluctuations, bitcoin is likely to continue to rise and it was very good for the future of bitcoin. But bitcoin will have many obstacles. For example, many cases of of theft bitcoin by hackers, it will make it difficult to believe for use bitcoin. Looking into the future...what do you think will be the scenario involving Bitcoin twenty years from now? Will Bitcoin be worth more than a million or will it ceased to exist? Or will a new crytocurrency replace the supremacy of Bitcoin...?
I'm sure that bitcoin can last for at least 50 years from now and bitcoin will experience its heyday after 3 years from now, of course bitcoin prices will continue to rise due to limited stock while demand is greater than stock and 20 years from now the price will reach $ 2 million for 1 btc.
no one can predict exactly what btc 20 years to come. 20 years is a long enough time if bitcoin can survive like gold then the value will remain high. but to reach 1 million dollars per coin was not possible. it's a very high value.
Currently the cost of expensive bitcoin transfer and long confirmation time if the system is not repaired then btc will be replaced by eth which is currently popular and attracted investors.
Of course, we are not the ones who come from the future, we can not know exactly anything about bitcoin in the next 20 years, but from the actual situation, we can also predict a bit about the future of bitcoin. And exactly as you said, bitcoin is having some issues that need improvement, and if it does not improve soon, competitors will take away new customers from it, finally, it will gradually be pushed down to lower positions when market capitalization falls, however I never want this to happen, hope bitcoin will improve everything in the soonest time Currently the cost of expensive bitcoin transfer and long confirmation time if the system is not repaired then btc will be replaced by eth which is currently popular and attracted investors.
Until now bitcoin remains the top of a row of other coins, which previously fell continuously down a few months ago now bitcoin has started to climb upwards.
I think bitcoin will always exist and always be the number one in the market 20 years to come.
I think bitcoin will always exist and always be the number one in the market 20 years to come.
I think btc will be more better
The prospect of bitcoin development is colossal, since now there are not understandable things with ordinary paper money, in the near future bitcoin will supersede all Fiat, and in 20 years I will receive the Crypto currency allowance
In 20 years there will be many changes in bitcoin like increase in its capacity increase in its users and maybe a high increase on its price in just an hour there will be a huge change in bitcoin, but its just an opinion there still a chance that bitcoin will not exist after 20 years its hard to predict the future but lets focus on the present and just support it so it will exist in the future.
Like specified affirming exchange will be hard, if take this to talk about then we have little issue in light of the fact that, segwit and great are in hard fight for good arrangement in this circumstance. Possibly we should go up against some option maybe some altcoin in this circumstance, in light of the fact that a large portion of altcoin are in gigantic fight to take greater market. Possibly in 20 years bitcoin will be enormous in cost however because of long transaction time it could be left behind.
no one can predict exactly what btc 20 years to come. 20 years is a long enough time if bitcoin can survive like gold then the value will remain high. but to reach 1 million dollars per coin was not possible. it's a very high value.
Currently the cost of expensive bitcoin transfer and long confirmation time if the system is not repaired then btc will be replaced by eth which is currently popular and attracted investors.
Currently the cost of expensive bitcoin transfer and long confirmation time if the system is not repaired then btc will be replaced by eth which is currently popular and attracted investors.
I think bitcoin 20 years from now would be the same or even greater. I don't even thought that btc will decline base from the fact on how btc dominate the market for more than a decades. Many people still trust BTC and would be the best foundation.
hi
the technology will certainly continue to grow and there will definitely be new developments again in the field of online transactions and digital assets. bitcoin will continue to exist, but competitors will also continue to emerge. only whether bitcoin is able to maintain its value.
For me bitcoin 20 years from now is gonna be great. Bitcoin may become most popular enough to define the entire trading, lending etc. and payments banking infrastructures in the entire world. We hoping that most of people already invested and I hope bitcoin will accept to the whole world so the price will increase more and alive.
Yes, I think 20 years from now bitcoin will survive and still exist, even for more than 20 years. the bitcoin value would be around one million at that time and there would be no other coin capable of defeating bitcoin
It is totally disgusting about the world’s largest and number one business cryptocurrency Bitcoin. Fluctuations does not mean you bring the value very low as it is number one and its current price is very high as compared to other currencies but it is considered as low as compared to its own price. Good news are coming about Bitcoin as it has stayed at its lowest price for long time and now finally it is going to be happy with this upcoming jump.
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