Topic: Cryptocoin Future Prediction (Read 739 times)

Let's talk about the real future about Cryptos.

If you ask me, BTC and all the others will fall. BUt what will stay is the idea behind Cryptocurrency and the tech behind different coins. Some coin-technique will be the winner, will be accepted in terms of usability and safety. I don't think, that BTC will be that winner.

There are too much problems with current cryptocoins - one of the biggest flaw is simply, that ppl expect that ONE coin will rule the future. That's wrong. No big entity (a land, state, continent, company) will ever accept a currency with an uncontrolable value. It's just not working. Never. If you are deep into economics (and how world works) you should know.

But the idea of Cryptos is pretty good and may be adopted as a real currency in the future. But if you ask me, there will no world-wide-coin. Instead there will be coins for the big entities.

There will be an USCoin, AsiaCoin, EuroCoin and so on. There will be no mining. The amount of coins has to depend on something - it needs to be used as an instrument to stabilize a currency, which is totally neccessary for an economy to work efficiently. There don't need to be a distinct entity who decides the coin amount. It just has to depend on something more fluid. Like Birthrate for example or population of coin-country.

Also US for example would just not accept that asian (etc) decisions directly impacts the federal/local solvency. That's directly the same problem, why europe started their own currency and did not just adapt USD. They don't want to be depended on the wealth of someone else.

So, sadly - BTC has no direct future, while cryptocurrency may (because the main concept is good).

You can see my post as a pesimistic prediction, but if you think about it, it's the only way for BTC (and AltCoins as well).

If any Crypto is accepted as a real currency there has to be an exchange to current fiat currency, there is no way around that - see recent currency changes like € for example - and there will be no room for "mined" money.

Will BTC be a real world currency in the future? -> No.
Will BTC stay as a trading good for different services? -> Very possible
Will you be able to buy from Amazon with BTC? -> No.
Will you be able to buy a Bugatti second hand with BTC? -> Possible, if the buyer accepts (just a good exchange)

But happily - with all that said - BTC will not be directly taxable, because actually it is an exchange of goods. Like exchanging a bugatti for a ferrari.

Short Speaking: Inventor of Cryptocurrency is good in mathematics but fails heavily in economics which is a huge problem and therefore prevents BTC from being a real world-wide-accepted currency.