Topic: Future of Bitcoin Economics - page 13. (Read 34336 times)
Ideally, the majority of it's a HOLD / HODLBut why not spend a little and and experience the Technologies.Be a part of the Trend
Personally I do not see the future of bitcoin economy. Now the miners mined bitcoins, and the rest buy them and hold in hopes to get rich when the price of bitcoin will rise. Agree it's not the economy. While it reminds me of a pyramid which at any moment can collapse.
Pyramiding reminds me last week when bitcoin arises when mass adoption happen since those who were on top or have it before were really benefiting ,i think economy will always like that.
Bitcoin has a good future since lots of company and business are starting to use bitcoin and we can use bitcoin also for developing build own arcade computer shop that accept bitcoins could be a good idea. and hope someone can do that here in my country or if ever bitcoin is really well know i can use bitcoin to build a computer shop that accept bitcoin and before the computer to run they need to send bitcoin first and computer will open..
Bitcoin could be a great payment processor because you can use it even in mobile we are in field of technology so bitcoin economy has a great future..
In my opinion, Bitcoin is cryptocurrency of future. Now very few people deal with cash - they prefer doing everything using credit/debit cards. A rare person now remembers when he kept all his money at home.
Meanwhile, doing bank operations, people hate to pay commissions for it and withdrawal in ATM costs too. BTC gives all chances to get rid of many commissions.
Bitcoin economic will flourish.
Meanwhile, doing bank operations, people hate to pay commissions for it and withdrawal in ATM costs too. BTC gives all chances to get rid of many commissions.
Bitcoin economic will flourish.
Well, but what about transaction fees? Right now it is around $4 for a fast transaction. I think Bitcoin is a great tool for transferring huge amounts, but not so good for the small ones. Maybe this problem will be solved in the future and then indeed Bitcoin will be used more than credit/debit cards.
If anything, that's unlikely
Personally, I doubt that the problem with the high fees will be solved. Bitcoin is not used as a tool for transferring daily values. And that has become sort of normal. If you need fast and cheap transactions, use Litecoin or something similar. But this is not what I want to say here. My point is that Bitcoin has basically burned the bridges behind itself, and it has no place where to retreat or run for cover. If it crashes for some reason and turns into yet another coin, it is effectively doomed for extinction, since, technically, it is an utterly outdated coin, and its only advantage is higher profitability over longer terms entirely due to speculation. But will it last forever?
Even if you are right and Litecoin or any other crypto is better than Bitcoin regarding the speed and the price of transactions, for most people it will take huge amount of time to comprehend that. Most people, and I mean educated and wealthy people, don't use Bitcoin still, and when they will start using BTC it will take another 10 years for them to learn about advantages of other cryptos. But I personally think that it is not guaranteed that Litecoin will not face similar problems (or other critical problems) when used on a larger scale.
It is not about me being right or wrong
It is an established fact that the total majority of coins are way faster than Bitcoin, and most of them are cheaper in terms of transaction costs at that. But that's not my point, which you to have missed entirely. You seem to have missed or discarded my assumption that if Bitcoin should crash massively (for whatever reason), there will be no way back for it since it will instantly turn into a completely outdated coin. You basically assume that Bitcoin will never crash but that is not a given by any means
I agree with you, indeed majority of other coins are faster than Bitcoin right now. I'd been using some of them and I was amazed about the speed of transactions even when working with trash coins. But do you think they will be as fast when used on a larger scale? I personally don't know the answer and that's why I assert nothing as certain. I really want to read your answer to that question because I respect you and generally I enjoy reading your posts
I'm mostly interested in Litecoin
And thus I can't say anything definitive about other altcoins. Litecoin has SW and LN activated already, so we should just wait and see when its current transactional capacity is exhausted, i.e. the capacity it has without employing Lightning Network capabilities. Regarding your example of weeds versus crops, I think it is not applicable here in the sense you mean it. In other words, you can take any weed plant, cultivate it, and you will likely get even a better result. That's why I make a point out of a possible Bitcoin collapse. It would create a level ground for all coins, and devil take the hindmost
In my opinion, Bitcoin is cryptocurrency of future. Now very few people deal with cash - they prefer doing everything using credit/debit cards. A rare person now remembers when he kept all his money at home.
Meanwhile, doing bank operations, people hate to pay commissions for it and withdrawal in ATM costs too. BTC gives all chances to get rid of many commissions.
Bitcoin economic will flourish.
Meanwhile, doing bank operations, people hate to pay commissions for it and withdrawal in ATM costs too. BTC gives all chances to get rid of many commissions.
Bitcoin economic will flourish.
Well, but what about transaction fees? Right now it is around $4 for a fast transaction. I think Bitcoin is a great tool for transferring huge amounts, but not so good for the small ones. Maybe this problem will be solved in the future and then indeed Bitcoin will be used more than credit/debit cards.
If anything, that's unlikely
Personally, I doubt that the problem with the high fees will be solved. Bitcoin is not used as a tool for transferring daily values. And that has become sort of normal. If you need fast and cheap transactions, use Litecoin or something similar. But this is not what I want to say here. My point is that Bitcoin has basically burned the bridges behind itself, and it has no place where to retreat or run for cover. If it crashes for some reason and turns into yet another coin, it is effectively doomed for extinction, since, technically, it is an utterly outdated coin, and its only advantage is higher profitability over longer terms entirely due to speculation. But will it last forever?
Even if you are right and Litecoin or any other crypto is better than Bitcoin regarding the speed and the price of transactions, for most people it will take huge amount of time to comprehend that. Most people, and I mean educated and wealthy people, don't use Bitcoin still, and when they will start using BTC it will take another 10 years for them to learn about advantages of other cryptos. But I personally think that it is not guaranteed that Litecoin will not face similar problems (or other critical problems) when used on a larger scale.
It is not about me being right or wrong
It is an established fact that the total majority of coins are way faster than Bitcoin, and most of them are cheaper in terms of transaction costs at that. But that's not my point, which you to have missed entirely. You seem to have missed or discarded my assumption that if Bitcoin should crash massively (for whatever reason), there will be no way back for it since it will instantly turn into a completely outdated coin. You basically assume that Bitcoin will never crash but that is not a given by any means
I agree with you, indeed majority of other coins are faster than Bitcoin right now. I'd been using some of them and I was amazed about the speed of transactions even when working with trash coins. But do you think they will be as fast when used on a larger scale? I personally don't know the answer and that's why I assert nothing as certain. I really want to read your answer to that question because I respect you and generally I enjoy reading your posts
I'm mostly interested in Litecoin
And thus I can't say anything definitive about other altcoins. Litecoin has SW and LN activated already, so we should just wait and see when its current transactional capacity is exhausted, i.e. the capacity it has without employing Lightning Network capabilities. Regarding your example of weeds versus crops, I think it is not applicable here in the sense you mean it. In other words, you can take any weed plant, cultivate it, and you will likely get even a better result. That's why I make a point out of a possible Bitcoin collapse. It would create a level ground for all coins, and devil take the hindmost
In my opinion, Bitcoin is cryptocurrency of future. Now very few people deal with cash - they prefer doing everything using credit/debit cards. A rare person now remembers when he kept all his money at home.
Meanwhile, doing bank operations, people hate to pay commissions for it and withdrawal in ATM costs too. BTC gives all chances to get rid of many commissions.
Bitcoin economic will flourish.
Meanwhile, doing bank operations, people hate to pay commissions for it and withdrawal in ATM costs too. BTC gives all chances to get rid of many commissions.
Bitcoin economic will flourish.
Well, but what about transaction fees? Right now it is around $4 for a fast transaction. I think Bitcoin is a great tool for transferring huge amounts, but not so good for the small ones. Maybe this problem will be solved in the future and then indeed Bitcoin will be used more than credit/debit cards.
If anything, that's unlikely
Personally, I doubt that the problem with the high fees will be solved. Bitcoin is not used as a tool for transferring daily values. And that has become sort of normal. If you need fast and cheap transactions, use Litecoin or something similar. But this is not what I want to say here. My point is that Bitcoin has basically burned the bridges behind itself, and it has no place where to retreat or run for cover. If it crashes for some reason and turns into yet another coin, it is effectively doomed for extinction, since, technically, it is an utterly outdated coin, and its only advantage is higher profitability over longer terms entirely due to speculation. But will it last forever?
Even if you are right and Litecoin or any other crypto is better than Bitcoin regarding the speed and the price of transactions, for most people it will take huge amount of time to comprehend that. Most people, and I mean educated and wealthy people, don't use Bitcoin still, and when they will start using BTC it will take another 10 years for them to learn about advantages of other cryptos. But I personally think that it is not guaranteed that Litecoin will not face similar problems (or other critical problems) when used on a larger scale.
It is not about me being right or wrong
It is an established fact that the total majority of coins are way faster than Bitcoin, and most of them are cheaper in terms of transaction costs at that. But that's not my point, which you to have missed entirely. You seem to have missed or discarded my assumption that if Bitcoin should crash massively (for whatever reason), there will be no way back for it since it will instantly turn into a completely outdated coin. You basically assume that Bitcoin will never crash but that is not a given by any means
I agree with you, indeed majority of other coins are faster than Bitcoin right now. I'd been using some of them and I was amazed about the speed of transactions even when working with trash coins. But do you think they will be as fast when used on a larger scale? I personally don't know the answer and that's why I assert nothing as certain. I really want to read your answer to that question because I respect you and generally I enjoy reading your posts.
As for Bitcoin's hypothetical crash ... Well, anything can happen, but I think it is very unlikely, given the fact that its popularity and hence support is on the rise.
I want to use an example from agriculture in that regard. Wild grass is much better adjusted to the environment than a cultivated plant. Yet a cultivated plant has more chances to survive when it is cared of, or, in other words, supported. Wild grass stands for altcoins in our case, and a cultivated plant stands for Bitcoin.
the future of bitcoin economy will be better than it is now. if more and more bitcoin users will drive the bitcoin economy. the rising bitcoin price makes me even more diligent in finding bitcoin.
So far so good as price is rising people who had made good amount of investment in this segment are reaping the rewards and making their money grow quickly which is not possible anywhere else. Considering this demand may increase more when we have more good news and prices are tend to rise .
just the matter how people can completely accept bitcoin as their payment tool , and i am a little bit pessimistic it could be done sooner.
Economists is afraid of crypto because it can lesser the transactions and many of them will be affected and fiat money would be less useful in the future.Bitcoin and other altcoin will dominate in the future because people want fast and hassle free transaction.Never afraid of crypto but be positive in it because many were given chance to be rich.
So the future of Bitcoin economy is very bright and anyone who is holding the BTC is in his wallet must not get fearful about the future of Btcs.
In my opinion, Bitcoin is cryptocurrency of future. Now very few people deal with cash - they prefer doing everything using credit/debit cards. A rare person now remembers when he kept all his money at home.
Meanwhile, doing bank operations, people hate to pay commissions for it and withdrawal in ATM costs too. BTC gives all chances to get rid of many commissions.
Bitcoin economic will flourish.
Meanwhile, doing bank operations, people hate to pay commissions for it and withdrawal in ATM costs too. BTC gives all chances to get rid of many commissions.
Bitcoin economic will flourish.
Well, but what about transaction fees? Right now it is around $4 for a fast transaction. I think Bitcoin is a great tool for transferring huge amounts, but not so good for the small ones. Maybe this problem will be solved in the future and then indeed Bitcoin will be used more than credit/debit cards.
If anything, that's unlikely
Personally, I doubt that the problem with the high fees will be solved. Bitcoin is not used as a tool for transferring daily values. And that has become sort of normal. If you need fast and cheap transactions, use Litecoin or something similar. But this is not what I want to say here. My point is that Bitcoin has basically burned the bridges behind itself, and it has no place where to retreat or run for cover. If it crashes for some reason and turns into yet another coin, it is effectively doomed for extinction, since, technically, it is an utterly outdated coin, and its only advantage is higher profitability over longer terms entirely due to speculation. But will it last forever?
Even if you are right and Litecoin or any other crypto is better than Bitcoin regarding the speed and the price of transactions, for most people it will take huge amount of time to comprehend that. Most people, and I mean educated and wealthy people, don't use Bitcoin still, and when they will start using BTC it will take another 10 years for them to learn about advantages of other cryptos. But I personally think that it is not guaranteed that Litecoin will not face similar problems (or other critical problems) when used on a larger scale.
It is not about me being right or wrong
It is an established fact that the total majority of coins are way faster than Bitcoin, and most of them are cheaper in terms of transaction costs at that. But that's not my point, which you to have missed entirely. You seem to have missed or discarded my assumption that if Bitcoin should crash massively (for whatever reason), there will be no way back for it since it will instantly turn into a completely outdated coin. You basically assume that Bitcoin will never crash but that is not a given by any means
In my opinion, Bitcoin is cryptocurrency of future. Now very few people deal with cash - they prefer doing everything using credit/debit cards. A rare person now remembers when he kept all his money at home.
Meanwhile, doing bank operations, people hate to pay commissions for it and withdrawal in ATM costs too. BTC gives all chances to get rid of many commissions.
Bitcoin economic will flourish.
Meanwhile, doing bank operations, people hate to pay commissions for it and withdrawal in ATM costs too. BTC gives all chances to get rid of many commissions.
Bitcoin economic will flourish.
Well, but what about transaction fees? Right now it is around $4 for a fast transaction. I think Bitcoin is a great tool for transferring huge amounts, but not so good for the small ones. Maybe this problem will be solved in the future and then indeed Bitcoin will be used more than credit/debit cards.
If anything, that's unlikely
Personally, I doubt that the problem with the high fees will be solved. Bitcoin is not used as a tool for transferring daily values. And that has become sort of normal. If you need fast and cheap transactions, use Litecoin or something similar. But this is not what I want to say here. My point is that Bitcoin has basically burned the bridges behind itself, and it has no place where to retreat or run for cover. If it crashes for some reason and turns into yet another coin, it is effectively doomed for extinction, since, technically, it is an utterly outdated coin, and its only advantage is higher profitability over longer terms entirely due to speculation. But will it last forever?
Even if you are right and Litecoin or any other crypto is better than Bitcoin regarding the speed and the price of transactions, for most people it will take huge amount of time to comprehend that. Most people, and I mean educated and wealthy people, don't use Bitcoin still, and when they will start using BTC it will take another 10 years for them to learn about advantages of other cryptos. But I personally think that it is not guaranteed that Litecoin will not face similar problems (or other critical problems) when used on a larger scale.
Yes. No one will be ever to predict something's future. But what is happening and how well the status Bitcoin is, we can tell that Bitcoin will have a great future ahead. There's a bigger chance that Bitcoin will have an important place in our economy.
Bitcoin for now isn't just a currency anymore. As my view, more and more of my friend are concerning about Bitcoin. I think Bitcoin now can be reviewed as an industry that can make trillion dollars each year for us. An industry that exist on the internet, the blockchain technology and we can connect to it at everywhere in the Earth.
Do you think that bitcoin is an industry that would shell out money to you and your friends 
hope you know that the bitcoin is a billion dollar market and not a trillion dollar market,check the facts ,looks like you have no idea what you are talking about 
.With the derivatives market accepting bitcoin it is really huge and it is evident with the recent rally after the news came out.
Bitcoin for now isn't just a currency anymore. As my view, more and more of my friend are concerning about Bitcoin. I think Bitcoin now can be reviewed as an industry that can make trillion dollars each year for us. An industry that exist on the internet, the blockchain technology and we can connect to it at everywhere in the Earth.
Do you think that bitcoin is an industry that would shell out money to you and your friends hope you know that the bitcoin is a billion dollar market and not a trillion dollar market,check the facts ,looks like you have no idea what you are talking about .With the derivatives market accepting bitcoin it is really huge and it is evident with the recent rally after the news came out.
the fact is that this can't last forever - bitcoin can't grow forever..... and what? it will collapse?...I personally don't have a concrete understanding of how bitcoin can survive
I agree with you because Bitcoin doesn't seem to survive forever like the gold that was known in ancient times.
Bitcoins is a worldwide crypto currency and is growing with a such fast rate. Bitcoin offers so many benefits like bitcoin grow too large too quickly and it will turn into a more centralised payment system that governments can interfere with. That is because, if the blockchain becomes too big, individual holders will no longer be able to use their own computers to check whether a transaction is valid. Bitcoin allow transaction fees free transaction, easy transfer from one to another. No fear of thief if stealing it. Future of bitcoins in economy is that more and more companies will accept it as a payment, many countries will legalise the bitcoin and their will be strict norms and laws for its regulations.
Bitcoin for now isn't just a currency anymore. As my view, more and more of my friend are concerning about Bitcoin. I think Bitcoin now can be reviewed as an industry that can make trillion dollars each year for us. An industry that exist on the internet, the blockchain technology and we can connect to it at everywhere in the Earth.
Do you think that bitcoin is an industry that would shell out money to you and your friends hope you know that the bitcoin is a billion dollar market and not a trillion dollar market,check the facts ,looks like you have no idea what you are talking about .With the derivatives market accepting bitcoin it is really huge and it is evident with the recent rally after the news came out. Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.
If amazon start accept bitcoin , bitcoin will have great future and may be kick $ out
I think the future of bitcoin economics will be huge one that influence other economy of different countries. By the help of the people the bitcoin will be the great thing the have.
The future of bitcoin, will depends on each and everyone of us. The economics of bitcoin as of this days is very demand and popular due to its output performance as its value is getting high, set a new record to its high value. We have different assumptions and predictions of the bitcoin, but I believed it will last longer since its already proven many years ago. Though there might a little fall down, and it will be solved and continue its value increase as the time passes by and having a good profit in the future
the fact is that this can't last forever - bitcoin can't grow forever..... and what? it will collapse?...I personally don't have a concrete understanding of how bitcoin can survive
In my opinion, Bitcoin is cryptocurrency of future. Now very few people deal with cash - they prefer doing everything using credit/debit cards. A rare person now remembers when he kept all his money at home.
Meanwhile, doing bank operations, people hate to pay commissions for it and withdrawal in ATM costs too. BTC gives all chances to get rid of many commissions.
Bitcoin economic will flourish.
Meanwhile, doing bank operations, people hate to pay commissions for it and withdrawal in ATM costs too. BTC gives all chances to get rid of many commissions.
Bitcoin economic will flourish.
Well, but what about transaction fees? Right now it is around $4 for a fast transaction. I think Bitcoin is a great tool for transferring huge amounts, but not so good for the small ones. Maybe this problem will be solved in the future and then indeed Bitcoin will be used more than credit/debit cards.
If anything, that's unlikely
Personally, I doubt that the problem with the high fees will be solved. Bitcoin is not used as a tool for transferring daily values. And that has become sort of normal. If you need fast and cheap transactions, use Litecoin or something similar. But this is not what I want to say here. My point is that Bitcoin has basically burned the bridges behind itself, and it has no place where to retreat or run for cover. If it crashes for some reason and turns into yet another coin, it is effectively doomed for extinction, since, technically, it is an utterly outdated coin, and its only advantage is higher profitability over longer terms entirely due to speculation. But will it last forever?
Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.
That is true, nobody can tell the exact future of bitcoin but everybody can have their own assumption as to where bitcoin is heading. Right now, we can all see, feel that bitcoin is going up and this is a very great thing for all the bitcoin investors for what they believe to succeed is now on the process of achieving the success.
yes all depends on bitcoin users.
Yeah definetly yes!! Bitcoin economy is based on the bitcoin users..the more the bitcoin become more popular to the people the more its economy rise up..and i think nowadays and to the future the economy of bitcoin will become higher and higher it is just because many countries and people embrace bitcoin as a regular currency.
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