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

Supercrypt

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Quote from: Dux2K on January 04, 2016, 05:31:23 PM

I would say it will be global currency

Yes, there are lot of chances to be global currency. But I find 50 years too far to predict now itself. But we can believe the last 5 years performance will be repeated with mass user base. So, there are no chanced for becoming rubbish.

phreaky

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Global? Let's hope it will get mainstream fast enough.

Then we will see how the markets and most important investors will react.
Will they embrace bitcoin or ignore it..

Dux2K

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I would say it will be global currency

stromma44

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Quote from: BTCBinary on December 29, 2015, 10:18:55 AM

it all seems pretty shaddy at this point. Bitcoin could still fail, or governements around the world could bann it. But if bitcoin is still alive 50 years from now it will surelly be the most used currency in the world.

Yeah you cant judge where bitcoin would be in next 50 years either it would be on mainstream or just disappeared and that totally depends on the adoption level but even if the adoption level reaches to a next level bitcoin can never become a global currency it will survive but cannot replace any major currency in future.

rustynailer

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Quote from: BTCBinary on December 29, 2015, 10:18:55 AM

it all seems pretty shaddy at this point. Bitcoin could still fail, or governements around the world could bann it. But if bitcoin is still alive 50 years from now it will surelly be the most used currency in the world.

That's the way I see it, if bitcoin is still going in 50 years time then very few people will be able to afford one whole bitcoin.

BTCBinary

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it all seems pretty shaddy at this point. Bitcoin could still fail, or governements around the world could bann it. But if bitcoin is still alive 50 years from now it will surelly be the most used currency in the world.

The Sceptical Chymist

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I'll be dead in 50 years, so the timeframe I'm interested in is much shorter and it's impossible to predict anything that far out when it comes to Bitcoin. I take it a day at a time.

arthurminton

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Quote from: sekaiissobig on January 27, 2015, 03:01:01 AM

Hi, all.
I am not fully understand on bitcoin mechanism.
I would like to ask the advantages and disadvantages of bitcoin,
as far as I know, the most advantages for it is the reduction of transcation cost.
but with the recent development of technology, I'm skeptic on it.

1. The code for bitcoin can't be edited, right?
Is it possible to decode bitcoin on the next future 50 years?

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.
Especially in order to create wealth, those who have lots of money can suddenly enter the new crypto-currency,
due to a high demand and new crypto-currency will be more valued.
How bitcoin increase its value in a month in 2009.
And those wealth people are going to be more richer than before.
Do you agree that authority should be given to certain parties to control the flow of crypto-currency?

look my friend 50 years is a very very long short that non of us know about and most of use would be in our seventies and we might laugh at the stuff we are doing right now, so it a rubbish question but still answering your questions

there is a possibility that bitcoin code cannot be decoded even after 50 very long years because bitcoin might not be the same bitcoin which it is today.

entering into a new crypto-currency with a lot of wealth is a huge risk and very less sign of reward, as a lot of new crypto-currencies are crashing with increase in bitcoin value. bitcoin is a commodity that is controlled by the emotions of people and giving some authority any kind of control would do injustice to others.

tolikkk

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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

helloeverybody

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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

Maskedman

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Definitely global currency. Definitely not rubbish, lol.

MyBTT

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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.

zendantom

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Quote from: Rmcdermott927 on May 17, 2015, 12:47:30 AM

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.

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Quote from: gentlemand on May 17, 2015, 05:14:23 PM

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

gentlemand

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Quote from: Rmcdermott927 on May 17, 2015, 12:47:30 AM

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.

oblivi

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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.

Rmcdermott927

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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.

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Quote from: r1f696 on May 16, 2015, 02:04:38 AM

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

r1f696

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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

Bitcoin_BOy$

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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 Shocked

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Bitcoin Boy .

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