Topic: Crypto currency in five years! - page 78. (Read 5374 times)
Beginning this year, hit hard by the rise cryptocurrency. Based on how quickly we return to the previous level, we can judge how far the capitalization will go.
I fully agree with this, the technology will be used by everyone, but not on its currently format, not in a decentralized way. Governments have already stated they have much interest in Blockchain technology and they want to learn more about it to develop even more the technology and to adapt it to their local financial systems. Everyone will be using Crypto-Currency somehow, but won't be using Bitcoin or any other decentralized currency. 
Legendary investor Tim Draper is confident that in five years all will use crypto currency. According to Draper, the technological shift that we can observe now will be more significant than the transition from the Stone Age to the Bronze Age. Answering the question about how he sees the current situation in comparison with the period when he invested in the technologies of web 1.0 and 2.0, he replied that web technologies and transformed the concept of information, while blocking has the potential to transform almost all industries, including government services.
Everyone do have its own view when it comes to cryptocurrency potential growth in near future but talking about 5 years time and saying total transition of all people to use crypto then it is most likely an impossible thing to happen.No matter how I positive on crypto progress but it wont really comes to a point on fully transitioning out on using up crypto on daily living.I can say such thing because we can base on the decisions being made by government and we can already presume on whats next.
It is very best future investment. people will get good return of an investment.
one thing about technologies, specially new ones is that they spread very fast. their adoption curve is usually like an S curve and in case of bitcoin this is very true. and the characteristics of an S curve for adoption is that it is pretty slow at first (like the past 9 years) then it slowly speeds up and finally becomes so rapid that it reaches its final stage in a very short time hence creating the vertical part of the S curve.
Yup this follows and we are really waiting for the final stage to come to existence.
I don't know who draper is but if we are having this conversation then it really means something more now. In five years of time I'm sure that crypto currency is going to have best time ever and it will be on the top of every other currency available on the earth. Yes that's big thing because that is how bitcoin tech is being developed. We are sure that crypto will be accepted by government too and they will also contribute to it on major scale. :-) What we have to do is stay tuned with it. 
I see a bright future of Cryptocurrency after 5 years from now. Crypto market is growing with triple-digit growth from last few years. More and more investors are interested to buy crypto-currency but hesitate to enter due to lack of trust and legal. In 2018 most of these will get clear and after that BTC will boom like anything.
If quantum computers ain't developed for into 5 years there is nothing to fear about.
5 years for Crypto is like 200 years for fiat currency, let's imagine we are just about to begin the industrial revolution, this is how I see crypto in 5 years
I agree that there has been a big shift in the world of crypto currency. And even finance in general. But the government of many states opposes bitcoin because it can not be controlled by them. I can not exactly answer what will happen in 5 years. But we will hope for the best
In 2000, none of us did hear about crypto curreny , but look at us today. It is true that we aren't too many, but still, our community is bigger from the one 2 years ago. And we will continue to multiply. More and more people nowdays are discovering the advantages of bitcoin. So, i am not sure when, but i am sure that one day, the whole world will start using it.
I doubt it when he used the word 'all'. In as much as we predicts and wish that cryptocurrency will be widely used, there are still some companies which will still be reluctant to accommodate it. Nevertheless, this will not stop cryptocurrency especially bitcoin from been the most valued asset in years to come. It value and price will be so high that no rejection from anywhere can stop it.
I think they will rule the market in five years.They are getting very famous in the market as they are very simple to use and are a great opportunity to earn money and a lot of profit rate.Taxes are also not implied on them so the person receives full payments.Cryptocurrencies are also used as assets as people hold them for future price rise.I think these cryptocurrencies can become legal in some nations.People like new technologies so they are accepting these cryptos.
If you have 1 bitcoin in your wallet after five years,you are the millionaire.Bitcoin is growing in potential manner.Do you the price of bitcoin in Jan 2017 is just 1000$ and Jan 2018 is around 10,000$.Just imagine the growth of bitcoin,I had suprised by seeing the growth of bitcoin.Even some of Crypto currency have good potential as like bitcoin,they are Ethereum,litecoin and Waves.
Legendary investor Tim Draper is confident that in five years all will use crypto currency. According to Draper, the technological shift that we can observe now will be more significant than the transition from the Stone Age to the Bronze Age. Answering the question about how he sees the current situation in comparison with the period when he invested in the technologies of web 1.0 and 2.0, he replied that web technologies and transformed the concept of information, while blocking has the potential to transform almost all industries, including government services.
a prediction sometimes happens because experts have done research, and in ancient times computer technology only for the needs of company Pasilitasnya. but now it is not the only company that uses, the needs of society, and they are competing in making a living, this is what is called modern times. 
Probably he nevertheless has got excited with terms. In five years of course can occur much, but for too big technological jump is necessary for similar change.
may be very profitable if in the next 4 years this prediction is true. but I am more pessimistic about this. seems to have to spend a generation. because there is still an old generation of technological backwardness. so still not sure and optimistic
We are seeing the shakeout before the next bull right now.
I think so. We go down again to 8kish, I hope no more.
We are seeing the shakeout before the next bull right now. Draper is right. Have faith.
This is indeed very correct as the work that is being put in right now is ensuring that bitcoins is become a know means of exchange , little by little we see the conglomerates and smaller companies accepting cryptocurrencies as an acceptable form of payment and some countries making it legal , so definitely in another four to five years it should at least be established as an additional payment option if not the leading one.
Not only will big companies use it as payment options, but they are already adopting the tech as we speak. Many big companies like Walmart, Nestle, IBM, Oracle, Kroger, and many more have already adapted blockchain tech into their supply chains, which means it only is a matter of time before they adopt elsewhere! https://www.forbes.com/sites/rogeraitken/2017/12/14/ibm-walmart-launching-blockchain-food-safety-alliance-in-china-with-fortune-500s-jd-com/
one thing about technologies, specially new ones is that they spread very fast. their adoption curve is usually like an S curve and in case of bitcoin this is very true. and the characteristics of an S curve for adoption is that it is pretty slow at first (like the past 9 years) then it slowly speeds up and finally becomes so rapid that it reaches its final stage in a very short time hence creating the vertical part of the S curve.
How many years you think are still left in the slow phase ? The length of S curve can vary a lot in between different technologies. For instance, let us talk about Facebook. Facebook is now 14 years old and I think that initial phase of slow adoption is already over for it. I think it has reached 90% of its potential already in terms of user base and it is now very hard for it maintain this number. Facebook is something that people are able to use without the fear of losing any money. In case of bitcoins, this is not true.
This is indeed very correct as the work that is being put in right now is ensuring that bitcoins is become a know means of exchange , little by little we see the conglomerates and smaller companies accepting cryptocurrencies as an acceptable form of payment and some countries making it legal , so definitely in another four to five years it should at least be established as an additional payment option if not the leading one.
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