Future of Bitcoin Economics - page 25.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Himanshu111 on May 31, 2017, 03:14:03 PM

Telling the future of Bitcoins totally depends if the world accepts it or not. If Bitcoin grows on the same rate it will soon be adopted as currency in many places of the world. More adoption means better future.

This is not what is going to happen in reality

Unless Lightning Network gets activated and transactions become as cheap as dirt. Bitcoin price surging means that more people buy bitcoins, and that could be supposedly construed as Bitcoin expansion or adoption (provided it is not the old dudes buying new bitcoins, of course). But will it change anything in respect to Bitcoin as a speculative asset versus means of payment dichotomy? As to me, this is unlikely. In other words, higher prices themselves don't contribute to Bitcoin being adopted specifically as a currency. In fact, they should rather be expected to work in the opposite way

Himanshu111

sr. member

Activity: 462

Merit: 250

Telling the future of Bitcoins totally depends if the world accepts it or not. If Bitcoin grows on the same rate it will soon be adopted as currency in many places of the world. More adoption means better future.

ivanpoldark

sr. member

Activity: 700

Merit: 250

Quote

I agree slightly a ton of people now is holding their bitcoin in a long span of time and that is bad to the ecosystem of the bitcoin because it wouldnt be in cycle because in bitcoin system we need to cycle it like spend it or buy it sort of we should make the market of bitcoin work.

Maybe i do not understand economy such good as you bro. If we have lack of free bitcoins on market, the only aftermath is bitcoin price growing. Demand exceeds supply.

Kompodd

full member

Activity: 336

Merit: 100

Quote from: hahay on May 31, 2017, 05:29:46 AM

No one can really predict the future appropriately but when viewed from the charts and bitcoin economic growth the better it seems bitcoin economy will have a good future. At least I always hope bitcoin will be good in the future.

Yes, no one can make an exact prediction of bitcoin, but he has all the possibilities for good growth and development.

hahay

legendary

Activity: 3486

Merit: 1055

Leading Crypto Sports Betting & Casino Platform

No one can really predict the future appropriately but when viewed from the charts and bitcoin economic growth the better it seems bitcoin economy will have a good future. At least I always hope bitcoin will be good in the future.

zeze18

sr. member

Activity: 938

Merit: 256

No one can predict exactly what will happen to bitcoin in future, but for now for me, bitcoin is a source of income that has helped me a lot. Maybe I hope bitcoin continues to grow and as a digital currency that has a function equivalent to Real currency

Ethan1469

newbie

Activity: 13

Merit: 0

Thats True , We dont Know What is the true value of bitcoin in Our economic , Some People Appreciates Bitcoin And Some Other Peoples Try To Corrupt it .. No one Can Predict about Future of bitcoin in our Economic life

Japinat

hero member

Activity: 3052

Merit: 685

Quote from: LegendOF45 on May 30, 2017, 08:19:48 PM

Quote from: aggarwal233 on May 30, 2017, 02:25:03 PM

I personally feel, ETH is a real threat to bitcoin growth....

Not ETH but all cryptocurrency. I am sure, future of bitcoin economic will brilliantly, now a lot of people and companies who believe in the existence of cryptocurrency especially the bitcoin. prices will continue to rise because of the bitcoin users continues to increase.

You have to be ready for the possibilities in the future, start buying all the coins that are listed in the top 10 in coinscapmarket, they have all the potential to step in bigger stage in the future,while bitcoin keeps increasing its value the developers of the alts continue to update their project and that will lead to a bigger value in the future to come, you know how the investors react, they tend to hype the news.

LegendOF45

sr. member

Activity: 518

Merit: 250

Quote from: aggarwal233 on May 30, 2017, 02:25:03 PM

I personally feel, ETH is a real threat to bitcoin growth....

Not ETH but all cryptocurrency. I am sure, future of bitcoin economic will brilliantly, now a lot of people and companies who believe in the existence of cryptocurrency especially the bitcoin. prices will continue to rise because of the bitcoin users continues to increase.

aggarwal233

newbie

Activity: 50

Merit: 0

I personally feel, ETH is a real threat to bitcoin growth....

Xavofat

hero member

Activity: 938

Merit: 559

Did you see that ludicrous display last night?

Quote from: bluefirecorp on May 30, 2017, 01:27:59 PM

Quote from: audaciousbeing on May 23, 2017, 10:45:18 PM

Quote from: MissGrey on May 23, 2017, 09:02:00 PM

The future the Bitcoin is brilliant, either as currency or investment but I think that some problems or inconvenience should be solved. But anyway I still think the Bitcoin future is brilliant, for me it yet seems an innovator technology.

Even with recent happenings to the price of bitcoin despite the challenges its facing in the areas of fees and waiting time, if one still conclude that the future is bright for bitcoin one would not be mistaken as that is the the direction of every posts I have read but at the same time we should not go in all blindly without making allowances for forces of government which might in no distant time feel threatened by the dominance of bitcoin and its technology in the financial system of the world.

Yes I agree some of our mates only look at the increasing price of the Bitcoin but don’t have a sight on the flaws that the bitcoin is having currently.

We need to be realistic and tell the truth about the disadvantages of the bitcoin that we are facing but most of the time it due to we have been practicing that in marketing we mostly talk about the good of any product but we are not the marketers only we are the users and the holders as well. So it is good to talk freely in the forum.

It's a good sign if Bitcoin's flaws are not reflected by the market.

It suggests that speculators have matured and decided that Bitcoin is likely to become useful in the future, regardless of who that use is for and whether scaling is resolved.

bluefirecorp

legendary

Activity: 882

Merit: 1000

Quote from: audaciousbeing on May 23, 2017, 10:45:18 PM

Quote from: MissGrey on May 23, 2017, 09:02:00 PM

The future the Bitcoin is brilliant, either as currency or investment but I think that some problems or inconvenience should be solved. But anyway I still think the Bitcoin future is brilliant, for me it yet seems an innovator technology.

Even with recent happenings to the price of bitcoin despite the challenges its facing in the areas of fees and waiting time, if one still conclude that the future is bright for bitcoin one would not be mistaken as that is the the direction of every posts I have read but at the same time we should not go in all blindly without making allowances for forces of government which might in no distant time feel threatened by the dominance of bitcoin and its technology in the financial system of the world.

Yes I agree some of our mates only look at the increasing price of the Bitcoin but don’t have a sight on the flaws that the bitcoin is having currently.

We need to be realistic and tell the truth about the disadvantages of the bitcoin that we are facing but most of the time it due to we have been practicing that in marketing we mostly talk about the good of any product but we are not the marketers only we are the users and the holders as well. So it is good to talk freely in the forum.

HTracer

full member

Activity: 152

Merit: 100

Bitcoin's market capitalization overtook Deutsche Bank just as last week.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Quote from: CODE200 on May 30, 2017, 03:23:48 AM

Quote from: yoseph on May 30, 2017, 02:07:23 AM

The price of bitcoins will continue to rise because when people get to know that they can make some money by mining it will make the currency rise even farther and I think that's what spiking the price now.

That is the main reason why the bitcoin is still pumping because the bitcoin will undergo the supply and demand law and by that when someone will support bitcoin or if the user of it will increase the price will increase too because of the limited supply feature of the bitcoin.

The scarcity of it makes it valuable. The most rare the higher in value.
Adding up the usage of it into which many people would agree to make it as an option of payment.
It cant be Paypal all the way.
Maybe somehow a competitor will make them even better. Specially when it comes to their fees and other stuffs which makes it hard to be verified.

CODE200

sr. member

Activity: 1484

Merit: 323

Quote from: yoseph on May 30, 2017, 02:07:23 AM

The price of bitcoins will continue to rise because when people get to know that they can make some money by mining it will make the currency rise even farther and I think that's what spiking the price now.

That is the main reason why the bitcoin is still pumping because the bitcoin will undergo the supply and demand law and by that when someone will support bitcoin or if the user of it will increase the price will increase too because of the limited supply feature of the bitcoin.

yoseph

sr. member

Activity: 868

Merit: 266

The price of bitcoins will continue to rise because when people get to know that they can make some money by mining it will make the currency rise even farther and I think that's what spiking the price now.

rickadone

legendary

Activity: 1176

Merit: 1024

Quote from: FlightyPouch on May 23, 2017, 09:54:23 AM

Quote from: Mia Wallace on May 23, 2017, 09:44:25 AM

Quote from: LuffyDMonkey on May 23, 2017, 08:41:36 AM

Quote from: dpcj on June 18, 2016, 06:00:56 AM

Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.

I imagined that the bitcoin in the future will worth 5000$ . The worth of bitcoin now is rapidly increasing because of it's power.

Bitcoin might not be rising because of its power alone,we are seeing more investment in bitcoin ,that is true,but it makes no sense to make any blind prediction right now because you never know what the price would be one week from now.I am just riding the waves and looking to make a good investment in alt coin right now.

Bitcoin's power is just making people attracted to it due to it's high price and high price alone. People who wants to get a good profit, try to invest their money in this digital currency, so we can't say that it is the power alone. Remember that, the higher the price, there will be more user, and obviously, high demand.

But I don’t agree with it that the people are getting attracted to the bitcoin because of its high prices. In fact the high price of the Bitcoin is due to the high interest of people into getting the Bitcoin.

This is known that the formula of the bitcoin price increase and decrease is not any secret. The price of the bitcoin is directly proportional to the demand of the Bitcoin. So, when we notice any increase in the price of the bitcoin it simple means that the demand for the bitcoin is increasing.

botikol

newbie

Activity: 10

Merit: 0

nobody can figure the bitcoin economy framework later on, on the grounds that bitcoin was progressively developing, everything relies on upon the clients, I figure if everybody is utilizing bitcoin, then it will become rapidly

yosakahina

newbie

Activity: 21

Merit: 0

Yes we can't tell to what extent will bitcoin keep going however the length of we utilize it, it will go far. Simply continue belittling them and on the off chance that we will keep to do that many individuals will be intrigued on bitcoins. At that point the interest for bitcoins will goes up thus its cost. We are the person who will manage the cost of bitcoins so let us keep on using it. everything relies on upon the worldwide group to perceive and need to utilize bitcoin, however I am certain, that bitcoin later on to improve things, on the grounds that the innovation specialists have let it out. every one of the a short time and mechanical advances will acquaint bitcoin with the world group

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: warwar on May 29, 2017, 07:33:39 PM

Quote from: Lieldoryn on May 29, 2017, 06:41:44 PM

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.

I agree slightly a ton of people now is holding their bitcoin in a long span of time and that is bad to the ecosystem of the bitcoin because it wouldnt be in cycle because in bitcoin system we need to cycle it like spend it or buy it sort of we should make the market of bitcoin work.

I think the ecosystem of bitcoin is well balanced because not all the people in bitcoin holds their bitcoin and most of the bitcoin users are traders so the demand and supply of bitcoin is well balanced for the current situation and i think there is no bad side of holding bitcoin because it is always up to the person or bitcoin user if what he will do with his bitcoins.

Topic: Future of Bitcoin Economics - page 25. (Read 34336 times)