Future of Bitcoin Economics - page 26.

warwar

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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.

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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.

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.

Lieldoryn

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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.

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Quote from: Gotottack on May 29, 2017, 06:27:31 PM

Quote from: angaper on May 29, 2017, 06:13:29 PM

Quote from: DevilSlayer on May 24, 2017, 03:35:15 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 near future is now using by many people. It will gain more power than before. I estimated that the bitcoin next year will be worth $3000.

I am not so sure that the future of bitcoin depends solely on mass adoption to guarantee its success. Alternative methods to process payments or carry out economic exchanges like Amazon or PayPal have been tremendously successful even though after many years of its emergence try are very far from being universally used around the world.

I believe that the altcoins-based economy will always be geared towards a specific but influential niche, and that will be enough to sustain a successful economic ecosystem over the years.

The success was attributed to ease of use. All the users have to do is register, fund it and spend. Bitcoin, on the other hand, takes a bit of getting used to. There are many factors to consider and learn before you use it. But the benefits are quite better than paypal or any other payment processors.

Well if we are talking about the benefits of bitcoin honestly its really many benefits you can get in bitcoin.. rebates and price increase or any benefits that you can get in bitcoin.. that you never experience on paypal base in my experience but i still both use paypal in bitcoin because there are still some feature that i want in paypal that dont have in bitcoin

Gotottack

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Quote from: angaper on May 29, 2017, 06:13:29 PM

Quote from: DevilSlayer on May 24, 2017, 03:35:15 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 near future is now using by many people. It will gain more power than before. I estimated that the bitcoin next year will be worth $3000.

I am not so sure that the future of bitcoin depends solely on mass adoption to guarantee its success. Alternative methods to process payments or carry out economic exchanges like Amazon or PayPal have been tremendously successful even though after many years of its emergence try are very far from being universally used around the world.

I believe that the altcoins-based economy will always be geared towards a specific but influential niche, and that will be enough to sustain a successful economic ecosystem over the years.

The success was attributed to ease of use. All the users have to do is register, fund it and spend. Bitcoin, on the other hand, takes a bit of getting used to. There are many factors to consider and learn before you use it. But the benefits are quite better than paypal or any other payment processors.

angaper

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Quote from: DevilSlayer on May 24, 2017, 03:35:15 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 near future is now using by many people. It will gain more power than before. I estimated that the bitcoin next year will be worth $3000.

I am not so sure that the future of bitcoin depends solely on mass adoption to guarantee its success. Alternative methods to process payments or carry out economic exchanges like Amazon or PayPal have been tremendously successful even though after many years of its emergence try are very far from being universally used around the world.

I believe that the altcoins-based economy will always be geared towards a specific but influential niche, and that will be enough to sustain a successful economic ecosystem over the years.

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Quote from: Casabrandy on May 24, 2017, 09:58:47 AM

Due to mass adoption and bulk transactions bitcoin will continue to grow in value but we cant ever tell if the service will be as good as it is before.

Yes Bitcoin's growth signifies our riches and so if the the masses are trooping in their numbers to get bitcoins then it's great for us all as the prices will correspond with a his growing demand.

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Bitcoin need to handle this year a big issue while it doesnt handle it is allowing others coins to get the investment and trust from crypto community, soo at this stage some big miners dont care to handle the transaction delay at all, its being profitable for them, before they get 0,70btc fees at each block, now they getting 2-4 btc extra per block soo why would they change? If you like bitcoin you need to bring back old fees otherwise this wont stop in the near future.

arpon11

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Quote from: DevilSlayer on May 24, 2017, 03:35:15 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 near future is now using by many people. It will gain more power than before. I estimated that the bitcoin next year will be worth $3000.

Devilslayer, I can tell you from my knowledge on bitcoin and technical analysis that bitcoin will be trade above $4000 next year and op, bitcoin has a great future and we the first adoption will be the greatest benefitors.

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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.

If I see a lot of people going for Bitcoin per your own assertions it means I should be able to predict the future of Bitcoin in the positive direction, the same way if I sense a mass abandonment of Bitcoin I should be able to predict a negative future so where from the @nobody can predict the true future of Bitcoin " ?

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Quote from: Supercrypt on May 29, 2017, 12:12:43 PM

Quote from: Kisanaq on May 23, 2017, 08:37:27 AM

I'm sure the future of bitcoin will be great, this is because the user is on the rise and they keep buying negative issues about bitcoin, bitcoin never reduce user interest to continue to save the bitcoin.

Yeah no doubt the bitcoin is going to have a pragmatic future as the number of increasing people with the demand for the bitcoin is the indicator that enables us to predict the upcoming time of the bitcoin.

People showing less interest to the fiat and are more interested to become part of the bitcoin system. Also the adopting trend of the major country Japan made it easy for the rest of the world to open the gates for the bitcoin and make a history with the adoption.

We still need to pay attention to what kind of people how their mentality and social guarantees of the state live. I would not compare Japan and the Japanese with other countries of the world. Their lifestyle is what surrounds them is associated with high technology and computer technology. For example, in my country, maybe 10 or 5% of the entire population use the Internet. Not to mention who knows about Bitcoin.

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Quote from: Kisanaq on May 23, 2017, 08:37:27 AM

I'm sure the future of bitcoin will be great, this is because the user is on the rise and they keep buying negative issues about bitcoin, bitcoin never reduce user interest to continue to save the bitcoin.

Yeah no doubt the bitcoin is going to have a pragmatic future as the number of increasing people with the demand for the bitcoin is the indicator that enables us to predict the upcoming time of the bitcoin.

People showing less interest to the fiat and are more interested to become part of the bitcoin system. Also the adopting trend of the major country Japan made it easy for the rest of the world to open the gates for the bitcoin and make a history with the adoption.

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Quote from: Casabrandy on May 24, 2017, 09:58:47 AM

Due to mass adoption and bulk transactions bitcoin will continue to grow in value but we cant ever tell if the service will be as good as it is before.

I agree , but they are making way now to upgrade blockchain to make fast transactions now. Its just the problem now that we are suffering from medium high fee comparing from the fee before. Before we pay low fee fsst transaction but now we are paying somekind high transaction fee but slow transaction period.

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Quote from: Casabrandy on May 24, 2017, 09:58:47 AM

Due to mass adoption and bulk transactions bitcoin will continue to grow in value but we cant ever tell if the service will be as good as it is before.

Bitcoin will grow, but a large number of users because of the price increase can worsen the quality of transactions and the system will not withstand such a huge load.

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Due to mass adoption and bulk transactions bitcoin will continue to grow in value but we cant ever tell if the service will be as good as it is before.

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Quote from: kpcian on May 24, 2017, 04:15:05 AM

so far I can assume about bitcoin. it's getting more demandable and acceptable to the people day by day, if you think about the future of bitcoin then you can be assured of seeing a bright future of bitcoin economics. when demand increases coincidently price also increases, recently we have experienced a high value of bitcoin, so we can take an assumption that future of bitcoin economics will be stable and credible.

Future of bitcoin seems to better because of the increasing adoption as a currency as well in various forms. In future the increased adoption in relation to the decreasing supply periodically surely make the price move far higher than the present. This might make the entire economic development have dependence over the valuable bitcoin. As the growth in all fields will be fast moving, the infrastructure of the entire network of financial and economic system too will change.

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Quote from: DevilSlayer on May 24, 2017, 03:35:15 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 near future is now using by many people. It will gain more power than before. I estimated that the bitcoin next year will be worth $3000.

Current price of bitcoin is 2303$ and as price increases we will see that in the end of june the price will be above 3000$. Bitcoin is becomming popular more and more but this is just prediction, anything can happen with bitcoin because of it's unstability. Hope for the price to increase every hour Grin

kpcian

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so far I can assume about bitcoin. it's getting more demandable and acceptable to the people day by day, if you think about the future of bitcoin then you can be assured of seeing a bright future of bitcoin economics. when demand increases coincidently price also increases, recently we have experienced a high value of bitcoin, so we can take an assumption that future of bitcoin economics will be stable and credible.

radjie

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I believe the future of bitcoin economy will experience a development in the future, The price increase must continue to increase as the number of demand and bitcoin users increasingly widespread in the layers of society.
Bitcoin is a very promising investment for the future.

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Quote from: DevilSlayer on May 24, 2017, 03:35:15 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 near future is now using by many people. It will gain more power than before. I estimated that the bitcoin next year will be worth $3000.

Predictions are typical, I also think so. But no one can say for sure how bitcoin will develop further, one must be ready for different options.

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