Bitcoins true potential | Bitcointalksearch.org

Msile

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Quote from: bitlancr on October 14, 2016, 09:37:57 AM

Bitcoins true potential is to have such a high value per coin that it's not even realistic to say it but having a potential doesn't mean you WILL reach it though.
It's highly unlikely that we will see higher prices than 2k per coin while it could potentially be higher.

Why would that be highly unlikely? That will probably be reached right before the next halving because of speculators alone, don't even mention the increase of internet users in Africa and the fact that newer generations grow up with technology and older generations that didn't are slowly dying.

bitlancr

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Bitcoins true potential is to have such a high value per coin that it's not even realistic to say it but having a potential doesn't mean you WILL reach it though.
It's highly unlikely that we will see higher prices than 2k per coin while it could potentially be higher.

martinacar

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Quote from: Qunenin on September 18, 2016, 07:22:47 AM

Quote from: outatime1 on August 31, 2016, 05:16:51 PM

The value can also be a function of demand. What I mean is that if there is some good news that makes people panic buy, the price could spike higher than is should be worth just because of that temporary demand.

What i think is that very few people use bitcoin as compared to Fiat, So if more people started using the bitcoin it can increase its demand so much that it price can rise which we cannot imagine. Thats the true potential for bitcoins.

I think that the bitcoin true potential can not be reached unless if a lot merchants stat to accept bitcoin so that we can get more adopted globally and more people start to use bitcoin as an actual currency.

Mr.grin

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Quote from: Superbitzz on October 12, 2016, 05:45:57 PM

to me the bitcoin true potential is above 1200USD at the end of the 2016 or just in the starting months of 2017. to me bitcoin price will really increase in next few months.

Well, if that happens I think is very good. but I guess bitcoin still have greater potential than that. bticoin price may reach $ 10,000, but I guess for now, this potential has not been seen, but I am pretty sure that potential that bitcoin has a great price right there

Superbitzz

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to me the bitcoin true potential is above 1200USD at the end of the 2016 or just in the starting months of 2017. to me bitcoin price will really increase in next few months.

satdas

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Quote from: Golftech on October 12, 2016, 08:46:54 AM

Quote from: DuckKeeper on October 12, 2016, 08:43:29 AM

Bitcoins are getting a true potential and that is most of the times only becuase they know exactly what they do with their coins you know lots of people dont know waht to do with the coins.

which is correct the person knows how it works will have many advantage to see the real potential of btc but for those who doesn't have they are just speculating.

but i think there is nothing so much difficult to know about bitcoin or to learn it, i think it is just a simple investment and any one can do it so easily and it do not need any special knowledge.

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I don't think that Bitcoin really depends on other currencies. Even if there was only Bitcoin and no other currency in the world (which is absolutely impossible) it could still work as money. People would use it in their everyday life and it will be totally okay till there comes time of crisis. A war, for example. And then people will return to barter and no money will be needed at all, because they won't need it.

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Quote from: randy8777 on October 12, 2016, 04:05:32 AM

Quote from: praprata on October 12, 2016, 03:28:16 AM

Bitcoins true potential will not be reached I think because for it to be reached we need more advertisement so shops will be interested too into seeing the options they have with bitcoin and having it as payment option is free advertisement towards customers.

i personally don't think merchant acceptance will do much for the price. especially because of the fact that they use a payment service such as bitpay to convert everything to fiat in an instant

I have to challenge this point. Even if merchants instantly convert paid bitcoins into fiat, that still doesn't in the least change the fact that they price their merchandise in Bitcoin. So people seeing the price of goods denominated in bitcoins may possibly get interested in Bitcoin which may, in its turn, contribute to the expansion of Bitcoin user base...

I think we shouldn't totally neglect the positive effect of this

Golftech

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Quote from: DuckKeeper on October 12, 2016, 08:43:29 AM

Bitcoins are getting a true potential and that is most of the times only becuase they know exactly what they do with their coins you know lots of people dont know waht to do with the coins.

which is correct the person knows how it works will have many advantage to see the real potential of btc but for those who doesn't have they are just speculating.

DuckKeeper

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Bitcoins are getting a true potential and that is most of the times only becuase they know exactly what they do with their coins you know lots of people dont know waht to do with the coins.

gilangIDR

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I am very confident that bitcoin could be a very good financial media in the future. even now plenty of people Who use bitcoin. the conclusion that when more and more users bitcoin then will be the greater the price of bitcoin.

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Quote from: randy8777 on October 12, 2016, 04:05:32 AM

Quote from: praprata on October 12, 2016, 03:28:16 AM

Bitcoins true potential will not be reached I think because for it to be reached we need more advertisement so shops will be interested too into seeing the options they have with bitcoin and having it as payment option is free advertisement towards customers.

i personally don't think merchant acceptance will do much for the price. especially because of the fact that they use a payment service such as bitpay to convert everything to fiat in an instant. i think it will be a much better thing that we try to attract more wealthy individuals that will use bitcoin as a store of value tool. that's how we can impact the price significantly.

We can't predict like that if we can't see the acceptance has been done, and your thoughs have point but we cannot take out the possibilities really that their is a high chance for bitcoin to soar if massive stores acceptance and increasing of users will implement, since it can raise the demand for bitcoin, remember the higher the demand the more price it pump and the proof of that is the halving event done from the past since by the said event it rise the demand for bitcoins.

1Referee

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Quote from: randy8777 on October 12, 2016, 04:05:32 AM

Quote from: praprata on October 12, 2016, 03:28:16 AM

Bitcoins true potential will not be reached I think because for it to be reached we need more advertisement so shops will be interested too into seeing the options they have with bitcoin and having it as payment option is free advertisement towards customers.

i personally don't think merchant acceptance will do much for the price. especially because of the fact that they use a payment service such as bitpay to convert everything to fiat in an instant. i think it will be a much better thing that we try to attract more wealthy individuals that will use bitcoin as a store of value tool. that's how we can impact the price significantly.

Getting wealthy/institutional investors on board is indeed what gets the price to go up to unseen levels, but why would they jump into Bitcoin with exchanges being incompetent as they are? These people need a professional platform that is capable of handling multi millions, perhaps billions worth of money and coins. Trust in current exchanges is gone as they are being operated by amateurs that might turn into thieves at some point.

randy8777

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Quote from: praprata on October 12, 2016, 03:28:16 AM

Bitcoins true potential will not be reached I think because for it to be reached we need more advertisement so shops will be interested too into seeing the options they have with bitcoin and having it as payment option is free advertisement towards customers.

i personally don't think merchant acceptance will do much for the price. especially because of the fact that they use a payment service such as bitpay to convert everything to fiat in an instant. i think it will be a much better thing that we try to attract more wealthy individuals that will use bitcoin as a store of value tool. that's how we can impact the price significantly.

praprata

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Bitcoins true potential will not be reached I think because for it to be reached we need more advertisement so shops will be interested too into seeing the options they have with bitcoin and having it as payment option is free advertisement towards customers.

Altynbekova

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Bitcoins true potential is to go to the moon with the price when the halving happens in 2020 and I am hoping it will still be as alive as today by then.
Saving up a lot of bitcoins for the next halving and if you don't you'll regret it for sure!

fatima zuhra

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to me the true potential of bitcoin is above 12oo USD, i am hopeful that in next few months the price of bitcoin is going to increase so high.

HarryKPeters

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Quote from: Zistmine on October 11, 2016, 12:31:45 PM

Quote from: HilbillyFred on October 11, 2016, 09:22:22 AM

Bitcoins are getting a true potential becuase so many people are using the bitcoins and that amount is growing so fast we cant do anything about it and most of the users
for now are to stupid to use it.

Many people are using the bitcoin. But not enough. There are fewer than 1 million people uisng at the moment.

The reason for that is that bitcoin's potential is not known to the masses. Most of them are busy with their daily things and don't even know about bitcoin. The moment the masses know about bitcon you will see it will be used by many people.

Zistmine

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Quote from: HilbillyFred on October 11, 2016, 09:22:22 AM

Bitcoins are getting a true potential becuase so many people are using the bitcoins and that amount is growing so fast we cant do anything about it and most of the users
for now are to stupid to use it.

Many people are using the bitcoin. But not enough. There are fewer than 1 million people uisng at the moment.

serjent05

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Quote from: satdas on October 11, 2016, 11:07:04 AM

Quote from: lionheart78 on October 04, 2016, 02:22:50 PM

Quote from: Biodom on October 04, 2016, 12:58:43 PM

Mainstream economist Bill Gross (bond king) talks about bitcoin, etc.
Quite amazing and sobering outlook. Not sure what to do at this juncture as far as my non-crypto assets are concerned.

https://www.janus.com/insights/bill-gross-investment-outlook

Quote

Bitcoin and privately agreed upon block chain technologies amongst a small set of global banks, are just a few examples of attempts to stabilize the value of their current assets in future purchasing power terms...

I think your non-crypto assets are fine since we live not only in crypto world but also in commodities needed by our body survival.

As for the bitcoin potential, considering the population of people involved, and the technical development of bitcoin being implemented, Bitcoin true potential lies on the adoption of masses which really relies on the usage and integration of the coin. If there is a platform where bitcoin can be easily access by all people with or without the internet then bitcoin true potential can be achieve.

Quote from: tee-rex on October 04, 2016, 01:06:38 PM

Quote from: serjent05 on October 04, 2016, 12:41:37 PM

Even I have some though i tried to google it first to know what is the meaning of such word or is it appropriate for the statement

Your English isn't perfect either.

What do you expect, he just admitted that his natural language is not english.

yes you can see a lot of people here whose first language is not English, as my first Language is not English, My first language is PASHTO, but still we try our best to use some good English so as to be easily understand, but i think those whose first language is English they should kindly ignore our mistake.

Nope, they must correct us. I'm into constructive criticism. If we are wrong and no one will correct us, then we will be doing those wrong things again and again. It is better to correct us to improve ourselves. People who correct the mistake without offending them are good people, and I salute them.

Topic: Bitcoins true potential (Read 6497 times)