Topic: Bitcoin's future prospects (Read 483 times)

What I think is that the future of Crypto will go up in the future? That we know the price of Bitcoin or altcoin that goes down because many scammers are widespread in the Crypto.
They make such a real thing to convince investors to buy the coins they create and eventually their project dies.
That is why many investors are afraid to support new altcoins and more keep Bitcoins safer from risk.

If bitcoin will collapse many are getting happy because they can buy cheap bitcoin. But maybe some they makr a panic selling to there bitcoin.

If the price are continues rising investor of bitcoin will be happy because they can sell there bitcoin and get a good profit.

Bitcoin doesn't recover and things get worse. At present, and there is still a possibility that prices will continue to decline. Statistics show that Bitcoin investors are the party that loses the most during this bearish market. Losses suffered by investors not only affect them financially, but also emotionally. Imagine, a new investor enters the market when the price is as high as $ 19,500, but then sells his Bitcoin when the price has fallen to as low as $ 3,500. This can have a serious psychological effect on someone.

in theory, yes.
well , it depend how market going on , it all depends on the market player.
i have no idea.
the true nature of bitcoin as far i know is a electronic cash system,with peer to peer transaction system.
now u look like paranoid asking question like this.

Exactly. I find it quite disturbing how people regardless of what scenario of economical difficulty you throw at them, they always find a way to make Bitcoin come out as a winner to the point where the price reaches an insane level.

Even more disturbing is the fact that I have seen a lot people here hope that we will go through a global recession, all because they (absolutely wrongly) think that Bitcoin will be the safe haven people will flee to.

If there is a global recession every single asset will be sold off to pay bills, put food on the table, and so on.... even gold will end up being sold down brutally because it is just one of the many speculative assets that people hold in their portfolio.

Of course yes, not only alternative. If people can get best advantage from bitcoin, they will prefer to choose bitcoin more than gold. Gold is said by people, the price tends to go up, but will need time. If people want to pick bitcoin, with it's volatile they wouldn't need to wait longer if they make investment in gold.

Bitcoin is the better alternative of Gold, I believe the continuous demand will drive its price upward and will slowly grow from time to time Imagine that we have a new lows every year so we can expect its growth positively. If this is a bubble probably it will be the longest bubble in the history, but its unlike to happen like that for sure because bitcoin is not trash and it has purpose.

There are lots of people who took advantage of Bitcoin ignorance and scam lots of investors already.  Regardless, Bitcoin is always been highly volatile so its price will be always on a swing.  People will get used to it and several institution will also come in to take advantage of Bitcoin price volatility.  Participation of these institution will help Bitcoin to settle its footing in terms of price value.  So in the future, we can see less volatile Bitcoin.

Bitcoin is the king of the cryptocurrency market, if it dies then the entire market will die. But I think that Bitcoin will not die because BTC has a large community and cryptocurrencies are becoming more and more popular in the world.

Future of Bitcoin is bright like sunshine. A digital currency based on blockchain with great anonymity and almost zero risk of theft. What do you personally feel about the prospects of such a great currency? Even if not in the current form I am damn sure BTC will have some long ranging prospects in a more refined and swift form. The only problem as of now is slow transaction speed and high costs if we are able to overcome this hurdle then sky is the limit and there is nothing in between.

I strongly believe that Bitcoin collapsing is unlikely to happen based on its achievement since the day it was created. As of now only a small portion of population around the world knows about Bitcoin but still manage to survive as digital currency for a decade and the government cannot deny its existence that is why they are trying to enforce some regulations to protect the users, which means that they recognized Bitcoin but they are not yet ready for full acceptance.

There is a lot which has happened in these last 10 years as bitcoin back then hardly had nay big investor but now it has too many investors who hold good proportion of bitcoin and can cause the fluctuations by playing with the bitcoin they hold and this was not the case before ten years and yes bitcoin is fully decentralized like it had been from day one but back in those days the value of bitcoin was not controlled by few elites who do it now. A lot of things have changed and not sure where the market will lead down the line in next 10 years.

Bitcoin is growing faster and faster each year the more it introduces to people the more it will grow with those future investors.

I think before you invest your money you have to know first what are you investing, not just putting your money because someone said so. And I think it's a must, although a lot of people are still falling to these kind of trap where someone tells them that you can earn money if you invest on this and that.

It is common actually in Ponzi schemes that a lot of people will fall for that. Investment requires knowledge of what you are going to invest.

After 10 years of being alive, Bitcoin is fully decentralized and it not possible for anyone to take advantage of it.
There are possibilities of ignorant people getting scammed due to their ignorance, but this should not be blamed to Bitcoin. It is up to investors how much educated would be or not...

Probability does become smaller as the years passed with Bitcoin.Establishing itself throughout the years wont really be that simple.

Even those early adopters didn't even expect that it cant widthstand the harsh condition of this very centralized world but it did really succeed and still running
as of this moment which signifies that this one cant really be easily taken down.There would always be a probability on anything but we can already picture out on just
basing on its current performance.

There was, is and will always be a chance for that. But that chance is smaller every day that pass. Ten years ago was huge. Eight years ago a bit smaller. Five years ago was not that huge anymore. Tomorrow and ten years from now will be less then right now.

Macroeconomic factors, if they have any influence on Bitcoin, will actually result in less trading volume, less demand, and less accumulation. For the short term anyway.

Think about it. If you're in the middle of an economic crisis, or worse still, your country's economy is collapsing, what's your priority? Finding a job, and if employment's out, you're thinking of putting food on the table and paying bills.

So you dip into cash reserves, you withdraw all your savings, and you liquidate whatever assets you can. Fast. Buying bitcoin? Last thing on your mind, my friend.

In my opinion, bitcoin will still tend to continue its movement within that range before showing a more significant movement. The strong sentiment which is seen as going to be the driving force of bitcoin prices going forward, as well as triggering the increase in BTC, namely, macroeconomic factors. The heating up of trade war issues and the perception that there will be a continuation of the crisis in the near future, has the opportunity to push prices back uphill.
That way, for the long term up to the next three years, see the opportunity for BTC to rise to around US $ 80,000.

In the future I believe Bitcoin would stay or become an investment asset, despite the implementation of lightning nodes and all. It is already very bulky on its own. Lightning nodes may make a difference and make it more acceptable as a payment option, but there is no way to change human mentality. People invest in bitcoin, not to spend it. They have fiat for that. To hope that Bitcoin would completely replace fiat in any dystopian economy would be wishful thinking.

You would need to consider a future where Bitcoin is not alone in the global economy as the go-to investment option when it comes to crypto. A situation that we already know exists thanks to the 2017 altcoin & bitcoin bubble. That is the future prospect of Bitcoin, but perhaps with a lot more reduction in dominance.

This is true but it doesn't only attract day traders, there are many people that treat Bitcoin as a long term investment and the issue is that these types of people only seems to buy when the price is going up. And they generally sell when there is massive selling pressure and leads to huge price declines kind of what we saw in Nov 2018.

People assumed that $6000 would break and the lowest will be $5500 but in reality look how low it ended up going. So basically any long term investor that bought above +$10000 ended up with huge losses when they sold at around $3000.

This is why Bitcoin has very fast pumps and the dumps are usually more slow bleeding but eventually there is a capitaluaton event and it reverses.

Every year supply and demand was interact with product and services they need more investors on all the time then only future prospects will increase so Bitcoin is always king of crypto currency. I am sure gold is depends on centralized platform and Bitcoin is decentralized platform so both are different from future prospects.

Anything can happen and we cant really able to pinpoint on where would prices would only stop because anytime it can break out expectations just like what happened on 3k price where we didn't even expect for it to happen since we already past up 20k mark and going those lows are somewhat hard to believe on but it did happen eventually which this proves out that nothing is certain.Talking about altcoins bull run? Its hard to believe that those good old days will happen on these upcoming years knowing that lots of people get wrecked with those times.Confidence on investing to crypto
would already have some hindrance or hesitations which isn't similar as before.

Low probability.
Again. 6-7k USD is the lowest that I can see which bitcoin will take and no lesser than that.
This time is already the proof of it. The retaliation of bitcoin to be pulled down even with all the FUD that had been spread and the competition from the hype of altcoins.
They say altcoins will soon be pumped and if that does happen then bitcoin could fall afterwards since there maybe FOMO's that will sell bitcoin in exchange for the hyped altcoins. But I doubt that will really happen.

People who still don't know it can't ignore it after knowing that it was able to reach the highest price that it had on its history. And soon the same scenario can happen again, they just can't ignore it.

We're now on that period that bitcoin is becoming established as these gov't rules are coming to regulate the market. While the confidence and trust of the people which is on the gov't will be passed on to bitcoin soon.

Well it did take a lot of attention to the public by making it 20k.
A lot of my friends suddenly knew about what bitcoin is.
Now, it will just be a mere pump if it takes back the 12k mark. Yes, it might make those FOMO's go back to bitcoin instead of staying with their stable coins. But that is still a risk and we have no facts but just mere speculation.
I guess we should just wait for it to happen and when that time comes and it doesnt stop increasing then the prediction might be true.

Whales aren't leaving the market at all, why would they? It's too profitable for them to stick around. Most of the increases and decreases are the result of long or short squeezes on platforms such as Bitfinex and BitMEX.

In Bitcoin we never really had stable growth----pumps and dumps is all we know here. The charts are there for you to look into.... the few months of sideways 'stable' price action are nothing in the grand scheme of things.

Collapse will need time for bitcoin especially at this time. When people already know benefit from have it. Either as investment or maybe to be tool for them to do trading. In past when bitcoin price is lower and ponzi scheme really popular and make bitcoin price dumped, it not collapse. Especially for now when a lot of people know benefit from use bitcoin.

I am not sure that bitcoin will ever collapse, because it is now that it is just taking the real shape, and I am not surprised as to how bitcoin is actually operating now, because to me, that is how it ought to be. Bitcoin value is not supposed to climb up with speed as it did in 2017, and that speed was just typically a manipulation which has made people get use to the mentality that bitcoin is a money dubbler.

As adoption rate grows, so as bitcoin is meant to grow gradually and getting adoption is not just a stone throw, it will take years, so it is not that we are gradually having the real adoption, all these drop in price are probably some of these whales leaving the market, and it is better they leave the market so that we can have a stable and steady growth of bitcoin even if it is slow.

Bitcoin had inflation bug, Monero never had one.  You can easily audit the Monero supply: https://monero.stackexchange.com/questions/11548/how-does-monero-protect-users-from-inflation-bugs-if-the-blockchain-cant-be-aud

All Monero code is open source. And all code was audited several times by audit companies. You can see reports of RandomX audits here: https://ostif.org/four-audits-of-randomx-for-monero-and-arweave-have-been-completed-results/   and you can see reports of Buletproofs audits by Kudelski here: https://ostif.org/wp-content/uploads/2018/07/KudelskiBulletproofsFinal.pdf    I know Buletproofs were audited by 4 diferent companies.

This audits cost a lot of money. Beside organisation. Monero is doing it right way. Bugs are always possible and can also happen in Monero. But I am sure there are 99.99% other blockchains that will bug and even inflation bug happen then in Monero.

Meanwhile, I found many new threads (not necessary) that were started by newbies and then flooded with replies from people wearing Cryptotalk.org. Are these activities intentional? 


Look at this first line. I cannot understand what it means. And yet there are too many replies mostly from Cryptotalk members. Amazing!

You are just telling the basics of the market of crypto currencies.

If it does grow into price then someone could sell and then back again to buying when the price had bern dump.
You cannot foretell the market for it is volatile, anything could happen anytime.

What you can do is be ready. There will be rise and fall anytime.

Inflation bugs will be forked out very quickly, so for me that has never been an issue im too afraid of. The more critical the bugs are, the faster they are being worked on, especially within Bitcoin's ecosystem.

I would worry more about extra inflation when it comes to privacy coins. As we speak XMR might have a bug exploited where millions of it were printed. The more you do to obfuscate the origin of a coin, the harder it is to detect.

Maybe if people want to keep support it, it is their choice. But like what you said, we people should know which one  that can be profitable or not. So if bitcoin (hope not happen) get bad things so it don't have it's value anymore, we can't keep to support it.

There is no way bitcoin collapses, there is waaaaaaay too much money involved now that it can't ever be anything under 1k ever again, there are just not enough sellers compared to buyers. If you check the order books of all exchanges you will see that there are more buy orders under 1k than there are bitcoins which means it technically can't get there.

Of course, some people may want to withdraw their orders which would eventually mean going under but there needs to be something HUGE for that to happen, like a loophole or a technical problem on blockchain or something in order to make bitcoin worthless and I doubt that will ever happen. Like if someone finds a way to print 20+ more millions of bitcoins which is highly unlikely if you ask me because code is solid.

How long we should be waiting for that price to commence a better market? There was no good trend to watch, it was fluctuating in a declining movement since the last fall happened unexpectedly. Supporting bitcoin for such a long time is a good motivations, but truth really hurts after those struggles affected our emotions specially on frustrated days that the price went so cheap.

Actually there's a low probability of a bitcoin to collpse or I'd say it won't happen due to the fact that bitcoin is already known of having a great potential and this will be attract more users that will make inflate the demand. As long as there's a demand  bitcoin won't fall down.
Regarding on future of bitcoin we will never predict how much price of bitcoin will have in the future but we can guarantee that it will have a bright future.

This optimistic approach from the entire industry of bitcoin will have a better future. Expectations before or after the halving is still high.
I'm sure it will gain good market value and it will not collapse as it already proven its existence. You need to work for more engagement to attain
more knowledge while waiting for more success coming from this industry. Don't lose hope and wait till everything show good outcome.

Bitcoin is not going to collapse. I have read some post like this for like one and half years now and bitcoin is over nine years and still growing in population. We are now expecting a halving, this is going to likely push price more.

I will continue to support because in my opinion the value of bitcoin will continue to rise in the future. Many people choose to invest in bitcoin right now because of low prices, but they are waiting for bitcoin in the long run.

If me i will just follow the flow, i mean i actually believe bitcoin price can be very good in future. But if something happen and price really drop, so we must change to another investment. We must ready to face it, but if want to keep support bitcoin, it is everyone's choice.

No need to worry about current market conditions, while bitcoin is down however everyone agrees that bitcoin future
always bright and will gain big profit if we hold. So if bitcoin prices become low will be not panic for bitcoin investors.
While investors who are holding bitcoin too will make a purchase again if the price of bitcoin is getting down from now.
Now all of us just waiting with patience for resurrection of the king of crypto.Indeed not secret anymore that many
big  investors receive profits from beginners who do not know the character of bitcoin, the big investors has a lot of capital to
buy bitcoin at cheap prices, so my advice please stay keep it your bitcon until the price rise up again. So don't cutloss your bitcoin.

The probability of Bitcoin collapse at this level is 0.0001%. The online world as well as the entire electrical industry will have to collapse first before Bitcoin will.

Taking advantage of people's ignorance regarding Bitcoin is more of a problem yesterday than today. It may remain a problem today but the solution is now very easy and accessible for everyone. Unlike before, the internet is now full of informative articles, videos, and other materials about Bitcoin. And people are clearly educating themselves through that. In 2018, "What is Bitcoin" is ranked as a top search in Google^[1]. That is one indication that they are hungry for more knowledge about it.

Bitcoin is already the "gold standard" for currency. There is no other currency in the fiat world that appreciates in value. Every single one is depreciating.

[1] https://www.ccn.com/what-is-bitcoin-ranked-among-top-google-searches-in-2018/

I would to having bitcoin as part of my investments, some years are amazing and some are total frustrating, but it's not going away. the reason Bitcoin shot to $20,000 was because of the promoted gossip on the street. Not because it has any real value at all, but because suddenly more people heard rumors and gossip and bought. It didn't matter what they bought, What happens though was that the world heard of this new thing, and wanted some, suddenly there was a demand, and the price went through the roof. because the people suddenly wanted it, that's the actual value. The demand is the value. If suddenly nobody wants bitcoin anymore, then it becomes worthless.

I absolutely love Bitcoin because it's not actually about money or currency at all. It's about technology, that was then altered to make it profitable. It didn't need to be a currency at all. It could just have been a cool technology, but someone specifically made it about money for a reason. All of those things are gone now.

your problem like many others is thinking that bitcoin is one thing: price

when the fact is that whether people ignore bitcoin or not has nothing to do with its price. price rises and falls only attracts one type of people and that is day traders who are interested in fiat not bitcoin and want to use bitcoin to earn fiat.
the funny thing is that the price drops attracts these people nearly the same as price rise does! because day traders make their profit either way.

I think the ongoing pullback has been the reason why some are questioning the future of Bitcoin and there are those who are even entertaining the idea that it can be collapsing soon! How sad...but anyway this is an open market so anyone can announce anything negative or positive on Bitcoin. At least, it can also be entertaining complete with fear and thrill while holding on to our Bitcoin and any cryptocurrency for that matter.

First, I think the idea of collapse is already beyond question after the colorful 10-year history of Bitcoin. This recent dip is nothing compared to the many "crashes" that Bitcoin encountered. Bitcoin in the past has had been issued the death certificate many times over but here we are still seeing it and enjoying the many benefits as traders, holders and just enthusiasts of the prime coin.

Second, the adoption of Bitcoin should not be based on the price or value alone and this is where we need to educate the people. Bitcoin is much more than its current dollar value as it is representing the paradigm shift especially in the world of finance and banking. When people will begin to broaden their perceptions on Bitcoin, there is the big chance that adoption by the general population can be a lot easier.

When you said that "someone will attempt to take advantage of people's ignorance of the true nature of bitcoin" are you perhaps referring to the many ponzi scams which are perpetrated by genius but evil people just using the name of Bitcoin for their own gains? I think this is a big problem in this industry but if we look closely Bitcoin has nothing to do with them, actually, otherwise it can like saying that US Dollar is also a scam just because a scam program is accepting the dollar as the medium of exchange, right?

Right now, there is no basis to question the future of Bitcoin. The dip is a normal occurrence as reflection of its volatile nature; am sure this is not the first nor the last for that matter so just be ready for the roller-coaster ride with Bitcoin.

I doubt bitcoin would collapse as long as people have demands for it and someone continues to supply it. Coins only collpase when they lose all types of monetsry value attached to them. And yes, naturally, the more its price increases, the more people will want to know about it because it has already become a notion of making a "quick buck" for those ignorant people, resulting in more and more scams and lies happening. Of course, of people actually researched about it more, that would be a good thing not only for them but also for the community.

I reckon that it'll be pretty unlikely for another big BTC crash to happen again, unless there is a huge price pump before that happens, because in the current state, prices won't be dropping any further then below 7,000.

After a couple more years, we'll see a lot more adoption with BTC, and every day it's already happening with the boatload of services that are currently being provided to us.

Big things in the next 10 years, especially with governments paying a lot of attention to this tech and trying to replicate it.

I think Bitcoin is going to be stronger than ever in the future, Day by day It's getting accepted and credible around the blockchain system's network, with the change of time, Bitcoin will get more prosperous even people are coming to this platform at a high rate, not only that but also cryptocurrency is becoming a popular form of trading and investment purpose, So As a father of Blockchain, Bitcoin is playing a major role in this platform, I believe that Bitcoin will also have a great influence until the end of the crypto platform, most of the traders of this platform are more or less depends on the Bitcoin's price and eventually, Bitcoin price is the vital indicator of this platform, there is no potential replacement of Bitcoin yet, so it must be said that Bitcoin is going to play more influential part in the future.

You need to understand that, the drop in the market value of bitcoin is not directly proportional to the collapse of the entire bitcoin market and space. The frequent change in the value of Bitcoin is due to the fact of the decentralized nature of its platform base on the fact that, the prices can be determine on the demand and supply ratio of its market.  And there is no way the price of bitcoin will go beyond $7k. The price will hit $15k in the first quarter of november 2019... 

Bitcoin is an innovative currency which had brought a lot of convenience, opportunities and changed the way how we transact and transfer money instantly. Bitcoin will be here until the future and it will soom be part of financial system along with blockchain technology. So, it is less likely to colapse or disappear.

We know that the future prospects of Bitcoin will be good. As a trader we could be worried if BTC goes down in price. But we as people who hold Bitcoin understand that the function of Bitcoin is more than just investment. But as a revolution the way people do transactions with one another without being organized or centralized, which we call Desentralized.

 The volatility will continue at no specific price level of bitcoin, we need the adoption even if the price of bitcoin is down for us to survive. We have to educate people that a cheaper bitcoin means more profit after the bear trend and that is the best for them. The future of bitcoin is still good, we will see an expensive price of many cryptos.

I think Bitcoin is one of the strongest cryptocurrencies in this market and it is very hard to collapse. The number of people who use Bitcoin and the number of places Bitcoin can be used continue to increase.

Bitcoins' future prospects I think will be better than what we are experiencing right now, the possible growth of bitcoin is unexpected and the adoption that may happen in the future may give life for bitcoin. The possibility of bitcoin collapse is really big to be real, it's system can be at risk at any moment from any attack even from hackers or the government itself.

Bitcoin is for long term, don't make assumptions that it will have its downfall because market is just doing its purpose to make all assets like a signal, sine wave. The probability of bitcoin to be collapsed is when the whole internet crashed, that's the only thing I foresee to make bitcoin a huge downfall.

Regarding to gold standard, actually it's happening right now that's why you can see topics or threads that ask what will you choose, is it gold or bitcoin? Some people will always choose gold as the typical and common thing to invest since it's a physical thing you know that will stay longer. We don't know yet if bitcoin will really stay since it's digital and we're hoping that we wouldn't go back in the stone age.

That someone who's trying to take advantage of bitcoin is Craig Wright, people think he's the legitimate satoshi even though he doesn't give any valid evidences that he's the real satoshi. I'm tired of him already...

As long as there is demand for Bitcoin you won't see a complete collapse unless there is a major exploit which becomes irreversible which is extremely unlikely due to the active development that goes into Bitcoin and the ability of miners to fork off to another chain even if its only temporary a complete economical collapse is just as likely in Bitcoin as it is in fiat currencies.

Bitcoin's future prospects could be better than the current one, but will the price continue down when it rises?

What is the probability of a bitcoin collapse? It is extremely likely that someone will attempt to take advantage of people's ignorance of the true nature of bitcoin.

If bitcoin's price continues to rise, people will soon be unable to ignore it; it will be perceived as the 'gold standard' for currency.

What are your thoughts?