Bitcoin in 10 + years - page 2. | Bitcointalksearch.org

hello_good_sir

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Quote from: AlexSimion on June 15, 2017, 03:28:02 AM

What are your speculations on the bitcoins but also the rest of cryptocurrencies in the future ?
Me personally I think that it will generate more interest and at one point it will become a stable currency acknowledged worldwide , so when more countries accept it like currency it will increase the demand considerably thus so it's value.
I understood for now Russia and China acknowledged bitcoin like currency ? Am I wrong ? And are there any other countries that did the same ?

I think that a lot of people are focusing on purely price here. Price is important, yes. But it's definitely not something that is as important as, say how active the bitcoin community is, how many people is actually using bitcoin, how many merchants is accepting bitcoin, so on and so forth. Price is merely a reflection on what the market thinsk about a certain thing, whether a lot of people want it or not.

The value of bitcoin will continue to climb in the long run, and 10 years is quite a long time in crypto history because bitcoin hasn't existed for 10 years yet and probably the concept is just 10 years. A lot of things could happen. Bitcoin could stablize and become a real hedge against the fiat currency, and based on the current inflation rates it would mean that bitcoin would approximately rise by 40-50% in 10 years. But i think that due to halvings and probably more adopters, there will be several boom and bust cycles in bitcoin price. But the overall trend again is up. If we can quadruple the user base that we have now in 10 years i don't see a reason why bitcoin can rise to $50,000 apiece. Yes, it's not a dream.

xypos

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Quote from: AlexSimion on June 15, 2017, 03:28:02 AM

What are your speculations on the bitcoins but also the rest of cryptocurrencies in the future ?
Me personally I think that it will generate more interest and at one point it will become a stable currency acknowledged worldwide , so when more countries accept it like currency it will increase the demand considerably thus so it's value.
I understood for now Russia and China acknowledged bitcoin like currency ? Am I wrong ? And are there any other countries that did the same ?

I'd say that most likely bitcoin will succeed. However if we can't make sure that the community stays as a whole, then an altcoin can indeed overtake it in a short period of time. Even though this is unlikely to happen there is a possibility. Ethereum is coming very close to getting the top spot on the cryptocurrency list in terms of market capitalizations.

10 years would mean 2 halving, each halving let's just say the price triples(conservative estimate considering how the price went 7x after this halving), that would result in bitcoin being at around $25,000 each.

Kyraishi

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Quote from: AlexSimion on June 15, 2017, 03:28:02 AM

What are your speculations on the bitcoins but also the rest of cryptocurrencies in the future ?
Me personally I think that it will generate more interest and at one point it will become a stable currency acknowledged worldwide , so when more countries accept it like currency it will increase the demand considerably thus so it's value.
I understood for now Russia and China acknowledged bitcoin like currency ? Am I wrong ? And are there any other countries that did the same ?

Long term wise there is no doubt that bitcoin will thrive. Reason being that it is not going to be affected by any bubbles that may burst in our lifetime(housing bubble, for instance), bank failures, or a total economic collapse.

It is unrelated to any of the governments, nor is it controlled by anyone. Thus giving it a real advantage over the rest of the investment options available to investors and consumers alike.

The odds of an economy failing completely are actually quite high. We haven't seen a total economic collapse in a few years now which is really an anomaly. I would expect that some time in the next decade, a big industrial superpower will collapse due to the debt bubbles prominent around the world. When people seek alternatives they'll look at precious metals which are expensive to transport, and in the end i believe that bitcoin will be chosen as the consensus global currency. Price at this stage wouldn't be important because fiats have no value anyways, but in today's dollar terms i would estimate at least $50,000 in 2017 dollars in a decade or two.

LewiesMan

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In 10 years it will hit 20000$ per BTC. So no need to worry. I have no doubt bitcoin will go over 10000$ in 5 years Wink

Meuh6879

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Quote from: batang_bitcoin on June 15, 2017, 05:27:55 PM

But Russia (Vladimir Putin) is now into putting his interest to Ethereum and ...

and ETH have unlimited token supply.

xIIImaL

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Quote from: serjent05 on June 16, 2017, 12:37:55 AM

Quote from: AlexSimion on June 15, 2017, 03:28:02 AM

What are your speculations on the bitcoins but also the rest of cryptocurrencies in the future ?
Me personally I think that it will generate more interest and at one point it will become a stable currency acknowledged worldwide , so when more countries accept it like currency it will increase the demand considerably thus so it's value.
I understood for now Russia and China acknowledged bitcoin like currency ? Am I wrong ? And are there any other countries that did the same ?

I agree that cryptocurrency will be well aknowledge by every county after 10 years. Those who holds and saves bitcoin for a sole purpose of cashing out after 10 years won't be disappointed. With massive adoption and new innovations, I am sure Bitcoin can make its holder financially stable even with just 1 coins.

What you said is will happen in years or something but in ten years bitcoin will reach the world's best stock. I hope US will declare the bitcoin is their national currency.
Other altcoin will consider as the other countries national currency. Every banks will consider bitcoin for savings account or current. Banks will sell the hard wallet for the people as treasure for the customers. These all will happen.

CyberKuro

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Quote from: ParabellumLite on June 15, 2017, 07:11:21 AM

Quote from: BitHodler on June 15, 2017, 07:04:17 AM

Quote from: ParabellumLite on June 15, 2017, 06:58:05 AM

I think it will be mostly abandoned, as you cannot win from regulators. BTC has opposite goals contrary to those of regulators, which is why it can never grow to any significant size.
Also, I expect BTC will be taken over by tech that's much more scalable, and easier to update without all the politics surrounding BTC. There are a few logical alternatives to BTC out there already, with BTC already been outdated as of 2017.

You're funny. Bitcoin is the digital gold of the new era, and yet you think it will never grow in size? How do you call the growth that we have been experiencing in the last years? Insignificant growth? Fake growth?

Let me guess, one of the alternatives that you are referring to, isn't coincidentally Ethereum? People only care about the speculative aspect of altcoins, and not their gimmicky features.

A bubble mostly, given that BTC is almost not being used for actually buying stuff, still as of 2017. It is the same problem it had in 2013, and the same problem still mainly persists into 2017.
I don't think Bitcoin is a store of value: there's nothing physical backing it up like gold, nor does gold fluctuate this violently in value. The growth we've seen over the past years was mostly speculation based on its future usecase, and ignored whatever regulators would do when BTC would get too big. That's why BTC will never succeed in the end: by far most governments cannot accept something that could be used for widespread money laundering, tax evasion and other unwanted side effects.

I am not invested in ETH, but I think it's actually much more advanced than BTC at this point. I also think you know that to be true, given that BTC is getting ancient, sloppish and less innovative with each passing day. ETH got a few of the same problems as BTC does though, with regard to its actual usecase as of today. However, I see much more potential in ETH or XRP (used to settle payments) than BTC at this point. Both have also appreciated much more steeply than BTC this year, and BTC's rise was probably mostly facilitated by altcoin trades - which are mainly being done in BTC.

you said it just bubble mostly? So much bubble then, from nothing to $3000.
In other words you mean bitcoin can not develop further? Can not grow anymore? As bitcoin already outdated you said.
Interesting opinion.
I agree bitcoin has some problems and yet it isn't used as currency to buy stuff? But, I know several places where people still use bitcoin as medium of exchange. Bitcoin is a decentralized digital gold, it doesn't need physical backing like gold, it stands alone and worth measured by the people who support it.
If, there's no any people, devs team and miners backing it up, it will ended as nothing, worthless.
I believe bitcoin will grow bigger in 10 years later, I guess around $10,000.

DaftAjax

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Quote from: AlexSimion on June 15, 2017, 03:28:02 AM

What are your speculations on the bitcoins but also the rest of cryptocurrencies in the future ?
Me personally I think that it will generate more interest and at one point it will become a stable currency acknowledged worldwide , so when more countries accept it like currency it will increase the demand considerably thus so it's value.
I understood for now Russia and China acknowledged bitcoin like currency ? Am I wrong ? And are there any other countries that did the same ?

The Bitcoin will probably reach the point where it will be used as "The Universal Currency" (I hope), but before that I think 10 years will be somewhat short if we are talking about world wide adaptation of the Bitcoin. Because firstly some countries have already banned Bitcoin and it will take time to rearrange that. And the main barrier at hand is that all the countries' current currencies, I mean they will not just gonna go and throw all these Fiats away.

slackcryptoz

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Quote from: pitbully2000 on June 15, 2017, 11:17:50 PM

In 10 years, bitcoin will be used by the wealthy to move money around. It will continue to be the oldest, most trusted vehicle for blockchain transactions.
or...maybe not Grin

Maybe or maybe not, but surely the technology will continue to rule the economic system. Same as now the wealthy people will be the one that profit big through bitcoin. The increased price can't be afforded by common men whereas it is easy for wealthy people to invest and get the best profit.

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Quote from: AlexSimion on June 15, 2017, 03:28:02 AM

What are your speculations on the bitcoins but also the rest of cryptocurrencies in the future ?
Me personally I think that it will generate more interest and at one point it will become a stable currency acknowledged worldwide , so when more countries accept it like currency it will increase the demand considerably thus so it's value.
I understood for now Russia and China acknowledged bitcoin like currency ? Am I wrong ? And are there any other countries that did the same ?

I agree that cryptocurrency will be well aknowledge by every county after 10 years. Those who holds and saves bitcoin for a sole purpose of cashing out after 10 years won't be disappointed. With massive adoption and new innovations, I am sure Bitcoin can make its holder financially stable even with just 1 coins.

pitbully2000

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In 10 years, bitcoin will be used by the wealthy to move money around. It will continue to be the oldest, most trusted vehicle for blockchain transactions.
or...maybe not Grin

n0ne

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Quote from: jerowacik on June 15, 2017, 09:24:26 PM

Quote from: AlexSimion on June 15, 2017, 03:28:02 AM

What are your speculations on the bitcoins but also the rest of cryptocurrencies in the future ?
Me personally I think that it will generate more interest and at one point it will become a stable currency acknowledged worldwide , so when more countries accept it like currency it will increase the demand considerably thus so it's value.
I understood for now Russia and China acknowledged bitcoin like currency ? Am I wrong ? And are there any other countries that did the same ?

I think that in the future bitcoin prices will increase very high. Could be in the next 10 years the price jumped hundreds of percent of the current price. This must be affected also by the increase in the number of bitcoin users, because the greater the need the higher the bitcoin price.

Higher the usage and acceptance will gradually leads for an increase in price. This is a promised growth, because already we knew that bitcoin generation is limited whereas the user base is increasing randomly. When we think about the price after 10 years surely it will be high as we could have crossed two halving by that time.

jerowacik

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Quote from: AlexSimion on June 15, 2017, 03:28:02 AM

What are your speculations on the bitcoins but also the rest of cryptocurrencies in the future ?
Me personally I think that it will generate more interest and at one point it will become a stable currency acknowledged worldwide , so when more countries accept it like currency it will increase the demand considerably thus so it's value.
I understood for now Russia and China acknowledged bitcoin like currency ? Am I wrong ? And are there any other countries that did the same ?

I think that in the future bitcoin prices will increase very high. Could be in the next 10 years the price jumped hundreds of percent of the current price. This must be affected also by the increase in the number of bitcoin users, because the greater the need the higher the bitcoin price.

ModGirl

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With the passage of time more and more people are coming to adopt bitcoin and different countries also started to adopt bitcoin as a legal currency for their state which is becoming a good reason for to increase its price so I think in the coming 10 years bitcoin will be a global currency with a highest value.

batang_bitcoin

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Quote from: AlexSimion on June 15, 2017, 03:28:02 AM

What are your speculations on the bitcoins but also the rest of cryptocurrencies in the future ?
Me personally I think that it will generate more interest and at one point it will become a stable currency acknowledged worldwide , so when more countries accept it like currency it will increase the demand considerably thus so it's value.
I understood for now Russia and China acknowledged bitcoin like currency ? Am I wrong ? And are there any other countries that did the same ?

I also think that many will get interested to bitcoin. But Russia (Vladimir Putin) is now into putting his interest to Ethereum and that's probably one of the reason why eth is rising. Still bitcoin is the main crypto that everyone is going to catch up and many will use this in the future but we need to face first it's problems.

Meuh6879

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Bitcoin, it's not miners ... miners are only a part (1/3) of Bitcoin.

1/3 = nodes
2/3 = miners
3/3 = market

triangular forces are interesting.

CardShare

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I love how everyone thinks oh 10k+ in X years. Just because some country's have adapted to accept it others are looking to ban it or revoke access to banking facility if you are reviving money to or from exchanges.. also with the upcoming vote on 1st august bitcoin might not be just bitcoin in the near future,

mindrust

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Hold at least 10 bitcoins, be the happiest man after 10 years.

The money you'll have at that time probably will be enough for you to retire. Ez Retirement in 10 years? Get 10 bitcoins. That'll be equal to 500k$ probably.

And Platinum Retirement Plan is only for 21BTC = 1 Million USD. 21BTC is a bit hard to collect now so not many people will be having this plan. That's why its labeled as "platinum" Cheesy

Meuh6879

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Quote from: AlexSimion on June 15, 2017, 03:28:02 AM

What are your speculations on the bitcoins but also the rest of cryptocurrencies in the future ?

x3 every year.

Gameroid

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Quote from: bamboylee on June 15, 2017, 11:58:00 AM

I just hoped by that time all the issues in crypto currency is solved. And if this becomes true by then, bitcoin and altcoin will become a major thing. It may not overcome fiat or become the major payment processor but become a major thing like internet is right now.

although 10 years is such a long time to predict about bitcoin but if we examine the current position of bitcoin we can evaluate about the price of bitcoin that after 10+ years bitcoin will be hopefully too much in strong position and yes all the bitcoin related issues will also be solved, at that time i am hopeful that the community of bitcoin will more that 50% of the total population of the world.

Topic: Bitcoin in 10 + years - page 2. (Read 2202 times)