Topic: Future of Bitcoin - page 4. (Read 1601 times)

The future of bitcoin is determined by the behavior of users in this ecosystem. No matter how good the technology and benefits offered, it won't work perfectly if there are still conflicts between users. Greed in the market always takes advantage of the fear carried out by other users, where this can make prices often meet a point of uncertainty. Whether bitcoin will become a single currency in the world of us all is also uncertain, but clearly there is potential for it. I hope that bitcoin in the next few years can improve the social and economic disparities that occur around us.

And the research should not only be about how much money you will possibly make, when to buy with the best price, at what price to dump, and the like. The research should also be more focused on what Bitcoin is really offering the market aside from the investment gain one can take from it.

Besides, it's our money that we will put at risk if we will not do research in due diligence, means, we don't value our money and we are just taking it for granted and don't want success and change in our life. Yes, crypto is the future and we all know that, but it is so important that we are doing things that will make ourself proud by investing in a real project.

When it comes to investment it is always our job as an investor to do our own research before putting anything.
And about the Bitcoin security it would also depend on us in where we would keep it.
But to be honest we couldn't really tell what would happen to Bitcoin in the future,
There might be a new crypto that could replace it or overtake it's place someday.

Cryptocurrency and specifically Bitcoin is here to stay, for sure. However, unlike fiat money, there is a learning curve here because if one is not careful anyone can lost the keys (or even the password to any wallet just like the famous Peter Schiff) therefore we can say that there is a little technological barrier in here and an ordinary guy (just like me) has to spend some time learning the ropes. Now, if one is interested into the investment side of cryptocurrency there are risks involved and one can manage those risks well through education. Will there be a one-world cryptocurrency? No, that is already a far-fetched dream for me. In fact, we have a big problem of pushing Bitcoin to be the globally used cryptocurrency, for that matter, due to many factors.

Not your keys, not your coins, so you should know how to protect it.


Might be true for HODLer's.


Nah, probably leaning on alternative more so as a primary currency.


No.


Depends on the country, there are nation who are opposing it, but there are also that completely embrace or at least regulate.


Bitcoin hasn't been tested to whether affect a country's economy. This is still pure speculation.

Nah, It's way more than just using it in an online transactions. Bitcoin's main purpose of creation is for the people to have the financial freedom that most of us can't do with our banks, as the banks are holding and controlling our money. Satoshi created a technology where everyone gets to enjoy the freedom of using and moving your financial asset without the help of the 3rd party like banks regardless of how small or huge the amount is.
But, that isn't the case anymore, because banks are slowly engaging in cryptocurrency. Soon, we will see banks escrowing people funds.

It depends on you, how you can manage and careful with your assets. Many people may have different opinions about this because they must have different ways to handle their assets.

It seems right for now. People know that there is high volatility in Bitcoin price but they keep confidence in trading or investing because they know it also has a chance to rise significantly. For experienced people, they may think not too high risk. 

I am not really sure if it can be primary money, as an alternative currency seems more sense for now. We still need real money that can be used easily by all walks of life, all ages. Not all people in the world have the same capability to use digital currency.

 #One world currency

I don't see how bitcoin mainstream adoption wouldn't lead to other cryptocurrencies adoption... 

The purpose of Bitcoin/crypto creation is not about replacing fiat money, it is only just giving us another option that we want to use especially in an online transaction. We are all been foreseeing that bitcoin will contribute a lot more than fiat money can do. But we don't have to expect for an instant result, it somehow will come into a moment.

Well, but it should be wait for a perfect time. I know Bitcoin is ready to contribute any kind to needed it and help government in time of crisis. Maybe someday Fiat money replaced to Bitcoin more and more innovation to make In other way, for the market theory hoping that Bitcoin will be reach $20000.

Well for me Bitcoin has its own measure of its security apart from other form of cryptocurrency which is helpful for future economic use. But it can't really replace the real money each countries have. Not only because it would take such a big leap with all of its risks, but also, it is a form of identity of a country, and serves as their counterpart in completing developments inside their region.

Bitcoin is now Low risk=low benefits. The rest of the things are correct, but becoming primary or one world will depend on people's habits. And one untold property of a coin that doesn't lose value, is that moving out from the Chicago school into the Austrian school of economy. You cannot comprehend bitcoin without it, all the current economists from the Chicago school are pulling their hairs in fear of deflation, because their model breaks apart with it. In that case world economy will change for the better, but this change will be slow.

Using Bitcoin in the current system will disrupt things for some, Banks become redundant and credit shrinks, as society moves from debt into savings based economies. Simply because adopting the Austrian school ends the bubbles and their popping, will benefit humanity as a whole. It is of course also true that removing from governments and institutions the power to do and undo money will also stop tragedies such as hyperinflation from ever occurring again. The politicians will find themselves powerless as they can no longer manipulate the money on their whim, especially when things go wrong. This fact alone gives bitcoin tremendous value.

How long will the transition take, i don't know. But even if its an alternate worldwide payment option, it is worth it. Because people knowingly or not will slowly move the world economy out from the Chicago school into the Austrian school.

Indeed! Until quantum computer becomes a reality!


Not always! Ask those who had invested in bitcoin back in 2017.


Bitcoin is not capable enough to become a primary money. Bitcoin network simply can't handle the worldwide transaction volume. So it will be better if we don't look at it as a world currency or primary money. Because countries will never approve a currency system with no owner to take over their economy. So that's not going to happen! It's good to be optimistic, but over-optimism often lead to disappointment. It will remain as a parallel currency system just the way it is today.


That's only going to happen if a democratic country decides to scrap their own currency and adopt bitcoin as their national currency. In future, you may see some small countries like Marshal Islands or Tuvalu to take such step but the chance is really grim.

#Great Security
Agree I think bitcoin has great security compare to other digital money on the internet but still this is one of the disadvantages of digital money compared to fiat money for sure it is prone to hacking.
#High risk=high benefits
There is also a high risk in cryptocurrency or bitcoin since it has a versatile market as always we could expect the market price to dump or pump as we invested.
#future primary money or alternative?
I think bitcoin is just an alternative i could imagine this as a currency but as a global currency i think it is impossible since it is decentralized in my opinion it will never gonna be allowed by the government unless it is regulated,  in my opinion it is just going to be a successful alternaative currency like what it is today..
#One world currency
Not gonna happened unless the system itself is change or countries become one.
#It will be legitimate tool to whole world
It is already use as a alternaative currency in the whole globe.
#affect to democratic country’s economy?
For sure it affects a lot when it comes to economy.

I agree with you, except One and only currency in the world. when bitcoin accept by all people in the world. people wouldn't use fully bitcoin but also using fiat money. so maybe like compare about bitcoin and fiat money its future payment
other thing you said i agree, maybe bitcoin will be better for  future than now from all side.

The bandwagon right now is already more on the monetary benefits rather than on the benefits in terms of technology. Many people jumping into the bandwagon are not aware of the real objective or even use of Bitcoin. Many of them are into Bitcoin and/or altcoin because they have heard from their friends or acquaintances or from online sources that there is money in crypto investment. I just hope that these people are going to familiarize themselves with the deeper meaning of crypto once they are already into it.

The right choice if you invest in bitcoin because it has many benefits for the future and also benefits you in the short or long term.
In the future bitcoin will become a legitimate payment and it is recognized in every country I am sure about that because blockchain in the future will be needed in countries.
For security issues I think it depends on you alone if you store bitcoin carefully and also keep it in a cold wallet then I think it will be safe.

For those who want to start their journey in investment and their choice is bitcoin, they have to weigh first the risk and understand what bitcoin is like.
Talking about security, there's no need to think of the network's security. What an investor has to look at is on how they will keep their bitcoins safe and it depends on how they will keep it.

If bitcoins wouldn't be vanish someday, I think it will gain a lot of improvements in the future because now it has so many lapses to improve. I dont think also that it can replace the fiat because there are countries that knows the benefits and advantages of bitcoins but still they dont admit it as the means of payments because of its advantages that the fiat can fulfill.